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ACLARA ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF US$50 MILLION
Aclara Resources Inc. ("Aclara" or the "Company") (TSX: ARA) today announced that it intends to sell, on a non-brokered private placement basis, in two tranches, 24,215,548 common shares of the Company (the "Common Shares") for aggregate gross proceeds of US$50,000,001 (the "Private Placement") at a price of C$2.83 per share.
About this update from Hochschild Mining Plc
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES/ TORONTO, March 19, 2026 /CNW/ - Aclara Resources Inc. ("Aclara" or the "Company") (TSX: ARA) today announced that it intends to sell, on a non-brokered private placement basis, in two tranches, 24,215,548 common shares of the Company (the "Common Shares") for aggregate gross proceeds of US$50,000,001 (the "Private Placement") at a price of C$2.83 per share. In connection with the Private Placement, the Company has entered into a subscription agreement with each of CAP S.A. ("CAP"), Hochschild Mining Holdings Limited ("Hochschild Mining") and New Hartsdale Capital Inc. ("New Hartsdale" and, collectively with CAP and Hochschild Mining, the "Investors") (the "Subscription Agreements"), wherein each of CAP, Hochschild Mining and New Hartsdale has agreed to subscribe for and purchase from the Company 9,686,219, 4,843,109 and 9,686,220 Common Shares, respectively. Currently, CAP holds 9.97%, Hochschild Mining holds 19.24% and New Hartsdale holds 36.13% of the issued and outstanding Common Shares of the Company. The Private Placement will be completed in two tranches: the first tranche ("Tranche 1") of 20,078,697 Common Shares for aggregate gross proceeds of US$41,458,276 that is expected to close on or around March 31, 2026; and the second tranche ("Tranche 2") of 4,136,851 Common Shares for aggregate gross proceeds of US$8,541,725 that is expected to close on or around May 12, 2026. Eduardo Hochschild, Chair of Aclara and Hochschild Mining, said: "We are very pleased to continue supporting Aclara alongside New Hartsdale and CAP. This financing reinforces the long-term commitment of Aclara's principal shareholders and provides the capital required to advance the Company toward the construction phase. With high-quality heavy rare earth resources, proprietary extraction and processing technologies, and a clear path toward a vertically integrated supply chain across the Americas, Aclara is uniquely positioned to become the cornerstone supplier of heavy rare earths critical to the global energy transition." Following completion of the Private Placement (upon the closing of Tranche 2), each of CAP, Hochschild Mining and New Hartsdale are expecte...
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