TORONTO, Feb. 25, 2022 /CNW/ - Aclara Resources Inc.
("Aclara" or the "Company") (TSX: ARA) is pleased to
announce that the Company will be participating in BMO Capital
Markets' 31st Global Metals & Mining Conference from
February 27 to March 2, 2022 in
Hollywood, Florida.
Ramon Barua, CEO, and
Francois Motte, CFO, will be
available in-person for meetings throughout the conference to
discuss recent positive developments in the price of rare earth
mineral resources and Aclara's business plans for the Penco Module
(defined below), the Company's heavy rare earths development
project located in Chile.
Having successfully completed an initial public offering on the
Toronto Stock Exchange and a concurrent private placement on
December 10, 2021 for aggregate gross
proceeds of $126.3 million, Aclara is
well funded to advance the exploration and development of, and to
complete a feasibility study on, the Penco Module in 2022, as well
as to carry out other activities related to exploration, permitting
processes and engineering in connection with potential new
modules.
A copy of our updated investor presentation will be made
available on our website at www.aclara-re.com
About Aclara
Aclara is a development-stage rare earth mineral resources
company located in Chile. Aclara
is initiating the development of its resources through a project
called the Penco Module (the "Penco Module"), which covers a
surface area of approximately 600 hectares and which has ionic
clays that are rich in rare earth elements. Aclara is currently
focused on the development and on the future construction and
operation of the Penco Module, which will aim to produce a rare
earth concentrate through a processing plant that will be fed by
clays from nearby deposits. Aclara's unique extraction process
offers several advantages such as: no blasting, crushing or milling
required; no tailings dam; minimal water consumption due to a high
level of water recirculation; amenable leaching with a fertilizer;
and no radioactivity.
Forward-Looking Statements
This news release contains "forward-looking information"
within the meaning of applicable securities legislation, which
reflects the Company's current expectations regarding future
events, including statements with regard to advancing the
exploration and development of the Penco Module, the exploration of
potential new modules and the completion of a feasibility study on
the Penco Module. Forward-looking information is based on a number
of assumptions and is subject to a number of risks and
uncertainties, many of which are beyond the Company's control. Such
risks and uncertainties include, but are not limited to the factors
discussed under "Risk Factors" in the Company's final prospectuses
each dated December 2, 2021 filed on
the Company's SEDAR profile. Actual results could differ materially
from those projected herein. Unless otherwise noted or the context
otherwise indicates, the forward-looking information contained in
this news release is provided as of the date of this news release
and the Company does not undertake any obligation to update such
forward-looking information, whether as a result of new
information, future events or otherwise, except as expressly
required under applicable securities laws.
SOURCE Aclara Resources Inc.
