on Aclara Resources Inc. (CVE:ARA)
Aclara Resources Secures U.S. Government Funding for Brazilian Project
Aclara Resources Inc. has announced a significant financial commitment from the U.S. International Development Finance Corporation (DFC). The $5 million funding is allocated for the development of Aclara's Carina heavy rare earths project in Goiás, Brazil. This investment will primarily support a feasibility study scheduled for completion by Q1 2026. Upon achieving a financing milestone, these funds may be converted into equity. This marks a vital step for Aclara's "mine-to-magnet" strategy aimed at establishing a sustainable rare earths supply chain.
The Carina Project is set to begin operations in 2028. DFC, a U.S. government financial institution, supports strategic global investments. The funding enhances Aclara's position, reducing project risks and establishing them as a reliable supplier of heavy rare earths. CEO Ramón Barúa highlighted the partnership's importance in advancing their sustainable and resilient supply chain objectives.
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