09:33:26 EDT Wed 15 Oct 2025
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Aclara Resources Inc
Symbol ARA
Shares Issued 219,985,221
Close 2025-10-14 C$ 4.45
Market Cap C$ 978,934,233
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Aclara submits final addendum for Penco module permit

2025-10-14 16:36 ET - News Release

Mr. Ramon Barua reports

ACLARA ENTERS THE FINAL STAGES OF THE PERMITTING PROCESS FOR THE PENCO MODULE

Aclara Resources Inc. has formally submitted the Complementary Addendum (Addendum 2) to the environmental assessment service (the SEA) of Chile, as part of the final stages of the environmental evaluation process for the Penco module project (the EIA 1). Addendum 2 provides comprehensive and robust responses to all observations raised during the technical review, reaffirming the Penco module's commitment to the highest environmental and social standards.

Jose Augusto Palma, Aclara's executive vice-president, commented: "This submission represents a major step forward in our environmental evaluation process. Over the past months, we have worked rigorously to prepare the complementary addendum in strict accordance with the guidance provided by the SEA and other government agencies. The document addresses every observation raised with particular emphasis on air quality, flora, fauna and the human environment. It reflects Aclara's commitment to environmental excellence, regulatory compliance and sustainable development."

Addendum 2 incorporates detailed responses and updated studies across key environmental dimensions, including refined engineering designs, environmental analyses and a comprehensive update of the answers provided to the comments received from local stakeholders during the initial citizens participation process held in 2024. Together, these improvements strengthen the technical foundations of the Penco module and demonstrate Aclara's pro-active and responsible approach to continuous improvement in environmental management.

Aclara reiterates its commitment to responsible development, constructive dialogue with local communities and transparent engagement with public institutions as part of its long-term strategy to establish a sustainable rare-earth supply chain supporting the global energy transition.

About Aclara Resources Inc.

Aclara Resources, a Toronto Stock Exchange-listed company, is focused on building a vertically integrated supply chain for rare-earths alloys used in permanent magnets. This strategy is supported by Aclara's development of rare-earth mineral resources hosted in ionic clay deposits, which contain high concentrations of the scarce heavy rare earths, providing the company with a long-term, reliable source of these critical materials. The company's rare-earth mineral resource development projects include the Carina project in the state of Goias, Brazil, as its flagship project and the Penco module in the Biobio region of Chile. Both projects feature Aclara's patented technology named circular mineral harvesting, which offers a sustainable and energy-efficient extraction process for rare earths from ionic clay deposits. The circular mineral harvesting process has been designed to minimize the water consumption and overall environmental impact through recycling and circular economy principles. Through its wholly owned subsidiary, Aclara Technologies Inc., the company is further enhancing its product value by developing a rare-earths separation plant in the United States. This facility will process mixed rare-earth carbonates sourced from Aclara's mineral resource projects, separating them into pure individual rare-earth oxides. Additionally, Aclara through a joint venture with CAP, is advancing its alloy-making capabilities to convert these refined oxides into the alloys needed for fabricating permanent magnets. This joint venture leverages CAP's extensive expertise in metal refining and special ferro-alloyed steels. Beyond the Carina project and the Penco module, Aclara is committed to expanding its mineral resource portfolio by exploring greenfield opportunities and further developing projects within its existing concessions in Brazil and Chile, aiming to increase future production of heavy rare earths.

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