Aclara Announces Rare Earths Processing in the U.S.A

Aclara Resources Inc. has unveiled plans to strengthen its position in the rare earths market by forming a U.S.-based subsidiary, Aclara Technologies Inc. This move aims to develop rare earths separation capabilities in the United States, contributing to the company's strategy to become the first vertically integrated heavy rare earths company outside of Asia. This announcement follows Aclara's recent formation of a joint venture with CAP to advance metal and alloys production for high performance permanent magnets.

Ramon Barua, CEO of Aclara, highlighted this strategic expansion as a key differentiator for the company, attributing it to their unique access to clean heavy rare earths, especially Dysprosium and Terbium. Aclara's endeavor into vertical integration is marked by partnerships with the Saskatchewan Research Council (SRC) and Hatch Ltd. for developing a rare earth separation facility expected to complete engineering studies by Q3 2024.

The targeted production includes separated neodymium, praseodymium, dysprosium, and terbium oxides, essential for manufacturing high performance permanent magnets used in a variety of applications including electric vehicle motors and wind turbines. Aclara's approach aims to ensure a stable, cost-effective, and ESG-compliant supply of these critical materials. The development aligns with the global push towards decarbonization and the need for independent supply chains for critical materials.

Aclara's patented extraction processes promise an environmentally friendly approach, emphasizing high water recirculation levels and avoidance of blast or crush methods, aligning with circular economy principles. As Aclara pursues this vertical integration, it concurrently develops capabilities for metals and alloys through a joint venture, aiming to streamline production processes and reduce time to market.