Business
The Penco Module Advances to the Next Stage of Its Permitting Process
TORONTO, ON / ACCESSWIRE / August 19, 2024 / Aclara Resources Inc. ("Aclara" or "Company") (TSX:...
About this update from Aclara Resources, Inc.
[{"type":"text","content":"The Penco Module Advances to the Next Stage of Its Permitting ProcessTORONTO, ON / ACCESSWIRE / August 19, 2024 / Aclara Resources Inc. (\"Aclara\" or \"Company\") (TSX:ARA) is pleased to inform that the evaluation process of the Penco Module's Environmental Impact Assessment (\"EIA\") continues and has moved to the next stage as none of the government agencies that participate in the evaluation process requested, within the applicable legal date, the anticipated termination of the procedure, as happened in 2023.In the coming days, the Environmental Service Assessment (\"SEA\") will formally issue the consolidated report with the observations (\"ICSARA\") received from the different agencies. The number of observations received has decreased significantly compared to the previous EIA filed by the Company. The Company is committed to working with the SEA throughout the assessment and review process.About AcaraAclara Resources Inc. (TSX: ARA) is a development-stage company that focuses on heavy rare earth mineral resources hosted in Ion-Adsorption Clay deposits. The Company's rare earth mineral resource development projects include the Penco Module in the Bio-Bio Region of Chile and the Carina Module in the State of Goiás, Brazil.Aclara's rare earth extraction process offers several environmentally attractive features. Circular mineral harvesting does not involve blasting, crushing, or milling, and therefore does not generate tailings and eliminates the need for a tailing's storage facility. The extraction process developed by Aclara minimizes water consumption through high levels of water recirculation made possible by the inclusion of a water treatment facility within its patented process design. The ionic clay feedstock is amenable to leaching with a common fertilizer main reagent, ammonium sulfate. In addition to the development of the Penco Module and the Carina Module, the Company will continue to identify and evaluate opportunities to increase future production of heavy rare earths through greenfield exploration programs and the development of additional projects within the Company's current concessions in Brazil, Chile, and Peru.Forward-Looking StatementsThis press release contains \"forward-looking information\" within the meaning of applicable securities legislation, which reflects the Company's current expectations...