Canada Listed Venture Raises $25m via Private Placement to Advance Brazilian Rare Earth Initiative

Highlights

• Aclara Resources raises $25 million through private share placement.
• Key investors include CAP and Hochschild Mining.
• Funding will support environmental studies and pilot operations for the Carina rare earth project in Goiás, Brazil.
• Project estimated at $593 million.
• Contributes to Brazil’s $1.45 billion rare earth investment strategy through 2028.

---

Aclara Resources, a Canada-listed company, has raised $25 million through a private share placement to advance its Carina rare earth project in Brazil’s Goiás state.

Key investors include Chilean mining company CAP, UK-based Hochschild Mining, and New Hartsdale Capital, led by Eduardo Hochschild, who also chairs Aclara’s board.

These investments strengthen Aclara’s push to establish a sustainable, integrated supply chain for rare earth elements (REE), which is crucial for clean energy technologies. The funds will support the Carina project’s environmental impact study, a pilot operation, and ongoing feasibility work, with 75% of the study expected to be completed by the end of 2025. Estimated initial capital costs for the project stand at $593 million, representing a significant portion of Brazil’s anticipated $1.45 billion investments in REE projects through 2028. While the strategic partnerships and funding are promising, success depends on navigating environmental, regulatory, and market challenges in this high-demand sector.