Aclara Resources Advances Penco as C$935 Million Valuation Bets on Mine-to-Alloy Strategy

Highlights

• Penco Module targets 811 tonnes TREO annually with dysprosium and terbium, while the larger Carina project in Brazil targets 4,378 tonnes TREO including 156 tonnes of Dy
• Project Dynamo plans U.S. oxide separation in Louisiana and metallization, targeting two of the West's hardest rare-earth supply chain chokepoints
• Aclara held US$42.6 million cash with no commercial debt as of June 30, but warns additional financing will likely be required
• Penco commissioning targets Q3 2028 and Project Dynamo stable operations in H2 2028, with all four major projects still pre-commercial