Aclara Resources Inc. Advances Carina Project and Strengthens Mine‑to‑Magnet Collaboration

Aclara Resources Inc. (TSX: ARA) reported a series of developments that reinforce its position as a key player in the rare‑earths sector. The company’s flagship Carina Project, located in Goiás, Brazil, has progressed from a pre‑feasibility study to active pilot‑plant operations that are now attracting interest from major magnet producers.

Pre‑Feasibility Study Highlights

On 6 November, Aclara announced the filing and results of a pre‑feasibility study for the Carina Project. The study projected an after‑tax net present value (NPV8) of US$1.1 billion based on the project’s mineral reserves. Although the detailed cost and cash‑flow assumptions were not disclosed in the brief press release, the valuation underscores the scale and economic potential of the site.

Pilot‑Plant Success and MREC Production

A few days later, on 7 November, Aclara’s pilot plant in Brazil produced approximately 150 kg of high‑purity mixed rare‑earth carbonates (MREC) using its proprietary Circular Mineral Harvesting process. The output was highlighted in several press releases from different outlets, all converging on the same milestone. This achievement demonstrates the company’s ability to convert raw mineral concentrate into a form that can be further refined into permanent‑magnet components.

Strengthened Partnerships with eVAC and VAC

The same day, Aclara welcomed technical and commercial teams from eVAC Magnetics LLC and Vacuumschmelze (VAC) to its pilot facility. The visit, reported by Stockwatch.com and Finanznachrichten.de, emphasized the deepening collaboration between the parties. Together, they are working on a fully integrated, ESG‑focused supply chain that will bring the Carina Project’s MREC through to final magnet production. The partnership leverages eVAC’s expertise in magnet manufacturing and VAC’s experience in rare‑earth processing, positioning Aclara as a pivotal intermediary in the supply chain.

Market Context and Financial Snapshot

At the close of 5 November, Aclara’s share price stood at CAD 2.55. The stock has traded as high as CAD 4.65 in the past year and reached a low of CAD 0.40 in late 2024. With a market capitalization of CAD 609 million, the company remains a small‑cap player within the materials sector. Its price‑earnings ratio of ‑21.84 reflects the typical valuation pressures faced by early‑stage rare‑earth developers.

Forward‑Looking Outlook

While the company’s recent milestones are encouraging, investors should note that Aclara’s forward‑looking statements, such as those discussed in the pre‑feasibility study, are subject to significant risk and uncertainty. The transition from pilot‑scale production to commercial operations will require substantial capital and successful scaling of the Circular Mineral Harvesting process. Nevertheless, the alignment with established magnet producers and the strong economic case presented in the pre‑feasibility study suggest a promising trajectory for the Carina Project.

In sum, Aclara Resources Inc. is moving steadily from feasibility into active development, forging strategic alliances that could position it as a critical link in the global supply of rare‑earth materials for high‑performance magnets.