Aclara Resources Inc. Submits EIA for Carina Project, Advancing Rare Earth Production Goals
- Aclara Resources Inc. submits an Environmental Impact Assessment for the Carina Project, aiming for rare earth production by 2028.
- The Carina Project could produce significant quantities of Dysprosium, Terbium, Neodymium, and Praseodymium for global markets.
- Aclara emphasizes sustainability with innovative technologies, positioning itself as a responsible leader in the rare earths sector.
Aclara Resources Inc. Advances Rare Earth Production with Environmental Impact Assessment Submission
Aclara Resources Inc. takes a significant step forward in its Carina Project located in Goiás, Brazil, by submitting an Environmental Impact Assessment (EIA) application. This submission marks a milestone in the company's efforts to achieve commercial production of rare earth elements by 2028. Notably, it represents the first 'Category Six' application under the new IPE licensing system established by SEMAD, the state environmental agency. Aclara is optimistic that any further submissions required during the review process will not delay its anticipated approval timeline, aiming for completion in the fourth quarter of 2025.
The Carina Project is poised to make a substantial contribution to the rare earths market, projected to produce 191 tonnes annually of Dysprosium and Terbium, which together could account for about 13% of China's output in 2023. Additionally, the project is expected to supply around 1,350 tonnes per year of Neodymium and Praseodymium, vital components for various applications, including electric vehicles. Aclara's production capacity is particularly strategic as it aims to satisfy up to 50% of the U.S. automotive industry's rare earth demand by 2030, highlighting the project's significance not only for Brazil but also for global supply chains in the emerging green economy.
Aclara emphasizes its commitment to environmental sustainability through its innovative Circular Mineral Harvesting technology. The pilot plant showcases this efficiency, operating without the need for explosives or tailings dams, thus minimizing environmental impact. In line with its development strategy, Aclara plans to complete its Pre-Feasibility Study by the third quarter of 2025 and the Feasibility Study by the first quarter of 2026. Executive Vice President Jose Augusto Palma underscores the project’s potential to drive socio-economic growth in the region, reinforcing Aclara's dedication to fostering development in collaboration with the State of Goiás.
In addition to the EIA submission, Aclara's strategic focus on sustainable practices positions it as a forward-thinking player in the rare earths sector. The company’s efforts reflect a growing trend in the industry towards responsible resource extraction, which is increasingly important to stakeholders and consumers alike. As Aclara moves closer to its production goals, its commitment to environmental stewardship may set a benchmark for future mining operations in Brazil and beyond.