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Aclara Resources plans to invest $1.3bn in rare earths mines
Yahoo Finance·2025-09-25 09:20

Canadian rare earths company Aclara Resources is reportedly planning to invest 1.3bnacrossrareearthminesinSouthAmericaandprocessingplantsintheUS.Thecompanysexecutivevicepresident,JoseAugustoPalma,revealedtheinvestmentdetailsduringaminingindustryconference,reportedReuters.AclaraResources,aTorontolistedminer,intendstoallocatebetween1.3bn across rare earth mines in South America and processing plants in the US. The company’s executive vice-president, Jose Augusto Palma, revealed the investment details during a mining industry conference, reported Reuters. Aclara Resources, a Toronto-listed miner, intends to allocate between 150m and 170mtoaprojectinChileandaround170m to a project in Chile and around 600m to a mine in Brazil. Additionally, Aclara Resources will allocate $300m–400m ...