# Aclara Announces Results from Technical Reports on Its Integrated Heavy Rare Earths Supply Chain Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6 Original source: https://money.tmx.com/en/quote/ARA/news/6272116444141559/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear Publisher: tmx Original announcement: 2026-04-13T11:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Aclara Resources Inc. - Ticker: ARA - Exchange: TSX - Region: Unavailable - Primary commodity: Rare earths - Secondary commodities: Dysprosium, Terbium, Neodymium, Praseodymium, Yttrium, Gadolinium, Samarium, Lutetium, Europium, Ytterbium, Holmium, Erbium, Thulium - Document categories: Resource update, Other - Extracted: 2026-08-22 22:36:22 UTC Narrative sentiment: 0.90 · Bullish ## Minestarters Atlas summary Aclara Resources announced positive results from technical reports for its integrated heavy rare earths supply chain, encompassing mining, separation, and alloy production. The studies highlight strong economics, including a total NPV of US$2.334 billion and an IRR of 26% across its Carina Project \(Brazil\), Project Dynamo \(US\), and Metals and Alloys project \(US\). Additionally, the company reported a robust Measured and Indicated mineral resource of 27.5 million tonnes for its Penco Module in Chile, containing significant concentrations of heavy rare earth elements. Reasoning: Aclara announced positive results from multiple technical reports \(Feasibility Study, Scoping Study, FEL 2\) detailing strong economics for its integrated heavy rare earths supply chain, alongside a robust Measured and Indicated mineral resource for the Penco Module. - Positive factor: strong NPV and IRR for integrated supply chain - Positive factor: high Measured and Indicated resource for Penco Module - Positive factor: proprietary Circular Mineral Harvesting process - Positive factor: focus on heavy rare earths outside China - Positive factor: strategic partners and funding support Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 18 ## Classification and evidence **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: The Penco Module is characterized by a high proportion of Measured and Indicated \("M&I"\) mineral resources \(~94%\). Evidence · text > Measured and Indicated \("M&I"\) mineral resources \(~94%\) **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The Carina Project Feasibility Study was prepared in accordance with National Instrument 43-101, and the Penco Module is advancing a NI 43-101 Feasibility Study. Evidence · text > National Instrument 43-101 - Standards of Disclosure for Mineral Projects **Resource Update** Polarity: neutral Definition: Revised estimate for an existing resource — compare to prior to assess progress. Why it applies: The document presents an update to the Penco Module's Measured & Indicated mineral resources as part of its technical reports. Evidence · text > Table 2 presents the Penco Module M&I mineral resources **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: The Penco Module resource estimate is being advanced to support a Definitive Feasibility Study. Evidence · text > advancing a Definitive Feasibility Study ## Extracted facts Stored fact records: 18. Some facts used in scoring do not have a stored record. ## Resource Estimates (18) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-0) Penco Module · rare\_earths #### Identity - Project: Penco Module - Commodity: rare\_earths - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 491 - Grade Unit: ppm - Contained Metal: 13487 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Desorbible Rare Earth Oxides. - Positive factor: high M&I proportion - Positive factor: significant contained metal Evidence · table > 491 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-1) Penco Module · dysprosium #### Identity - Project: Penco Module - Commodity: dysprosium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 27 - Grade Unit: ppm - Contained Metal: 739 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Dysprosium, a critical heavy rare earth. - Positive factor: high M&I proportion - Positive factor: significant contained metal - Positive factor: heavy rare earth Evidence · table > 27 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-2) Penco Module · terbium #### Identity - Project: Penco Module - Commodity: terbium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 4 - Grade Unit: ppm - Contained Metal: 100 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Terbium, a critical heavy rare earth. - Positive factor: high M&I proportion - Positive factor: significant contained metal - Positive factor: heavy rare earth Evidence · table > 4 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-3) Penco Module · neodymium #### Identity - Project: Penco Module - Commodity: neodymium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 61 - Grade Unit: ppm - Contained Metal: 1673 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Neodymium. - Positive factor: high M&I proportion - Positive factor: significant contained metal Evidence · table > 61 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-4) Penco Module · praseodymium #### Identity - Project: Penco Module - Commodity: praseodymium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 15 - Grade Unit: ppm - Contained Metal: 403 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Praseodymium. - Positive factor: high M&I proportion - Positive factor: significant contained metal Evidence · table > 15 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-5) Penco Module · yttrium #### Identity - Project: Penco Module - Commodity: yttrium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 245 - Grade Unit: ppm - Contained Metal: 6721 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Yttrium. - Positive factor: high M&I proportion - Positive factor: significant contained metal Evidence · table > 245 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-6) Penco Module · gadolinium Historical result Needs review: historical\_restatement #### Identity - Project: Penco Module - Commodity: gadolinium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 18 - Grade Unit: ppm - Contained Metal: 495 - Contained Unit: t #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Gadolinium. - Positive factor: high M&I proportion - Positive factor: significant contained metal Evidence · table > 18 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-7) Penco Module · samarium #### Identity - Project: Penco Module - Commodity: samarium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 11 - Grade Unit: ppm - Contained Metal: 310 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Samarium. - Positive factor: high M&I proportion - Positive factor: significant contained metal Evidence · table > 11 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-8) Penco Module · rare\_earths #### Identity - Project: Penco Module - Commodity: rare\_earths - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 111 - Grade Unit: ppm - Contained Metal: 3046 - Contained Unit: t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for other Desorbible Rare Earth Oxides. - Positive factor: high M&I proportion - Positive factor: significant contained metal Evidence · table > 111 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-9) Penco Module · rare\_earths #### Identity - Project: Penco Module - Commodity: rare\_earths - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 2275 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Total Rare Earth Oxides. - Positive factor: high M&I proportion - Positive factor: significant grade Evidence · table > 2,275 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-10) Penco Module · dysprosium #### Identity - Project: Penco Module - Commodity: dysprosium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 67 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Dysprosium \(TREO\). - Positive factor: high M&I proportion - Positive factor: significant grade - Positive factor: heavy rare earth Evidence · table > 67 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-11) Penco Module · terbium #### Identity - Project: Penco Module - Commodity: terbium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 10 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Terbium \(TREO\). - Positive factor: high M&I proportion - Positive factor: significant grade - Positive factor: heavy rare earth Evidence · table > 10 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-12) Penco Module · neodymium #### Identity - Project: Penco Module - Commodity: neodymium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 348 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Neodymium \(TREO\). - Positive factor: high M&I proportion - Positive factor: significant grade Evidence · table > 348 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-13) Penco Module · praseodymium #### Identity - Project: Penco Module - Commodity: praseodymium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 93 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Praseodymium \(TREO\). - Positive factor: high M&I proportion - Positive factor: significant grade Evidence · table > 93 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-14) Penco Module · yttrium #### Identity - Project: Penco Module - Commodity: yttrium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 417 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Yttrium \(TREO\). - Positive factor: high M&I proportion - Positive factor: significant grade Evidence · table > 417 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-15) Penco Module · gadolinium #### Identity - Project: Penco Module - Commodity: gadolinium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 56 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Gadolinium \(TREO\). - Positive factor: high M&I proportion - Positive factor: significant grade Evidence · table > 56 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-16) Penco Module · samarium #### Identity - Project: Penco Module - Commodity: samarium - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 57 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for Samarium \(TREO\). - Positive factor: high M&I proportion - Positive factor: significant grade Evidence · table > 57 Context: 27.5 ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/aclara-announces-results-from-technical-reports-on-its-integrated-heavy-rare-ear--a72c9401-c696-41ff-a005-6ca44593acf6#fact-resource-facts-17) Penco Module · rare\_earths #### Identity - Project: Penco Module - Commodity: rare\_earths - Region: chile - Reported Region: Biobío Region of southern Chile - Ticker: ARA #### Resource Data - Category: indicated - Tonnes: 27500000 - Grade: 1227 - Grade Unit: ppm #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-04-13T00:00:00.000Z Reasoning: High confidence Measured and Indicated resource for other Total Rare Earth Oxides. - Positive factor: high M&I proportion - Positive factor: significant grade Evidence · table > 1,227 Context: 27.5 ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.