- Business
- Aclara Resources Inc. is a development-stage mining company specializing in the exploration, extraction, and processing of magnetic rare earth elements critical for permanent magnets used in electric vehicles, wind turbines, robotics, and other decarbonization technologies. It operates primarily in South America with mineral resource projects in Chile (Penco Module), Brazil (Carina Module), and Peru. The company’s core products encompass rare earth oxides derived from ionic clay deposits, extracted using its patented sustainable Circular Mineral Harvesting technology that recycles 95% of water and 99% of reagents while eliminating environmentally harmful practices such as blasting, crushing, and tailings production. Aclara also pursues vertical integration into metals and alloys production through its wholly-owned U.S. subsidiary, Aclara Technologies Inc., which is developing a rare earth separation facility.
Founded in 2021 and headquartered in Santiago de Surco, Peru, Aclara Resources advances a mine-to-magnet business model focused on delivering a geopolitically independent supply chain for heavy rare earth elements. The company’s sustainable mining approach and rare earth separation capabilities are designed to produce high-purity individual oxides essential for advanced magnet production.
Recently, Aclara announced a major $277 million investment in a heavy rare earth separation facility in Louisiana, USA, expected to be operational by 2027 pending financing and permits. This facility, supported by $46.4 million in state tax incentives, will be the first of its kind in the U.S. and aims to supply significant volumes of heavy rare earth oxides domestically, reducing reliance on foreign sources. This strategic expansion marks a key step in Aclara’s vertical integration strategy, encompassing mining, separation, and downstream processing including potential alloy production. The company also received $5 million in U.S. government funding in 2024 to support development, underlining its role in critical minerals supply chain security.
Aclara Resources is majority-owned (57%) by Hochschild Mining PLC and has positioned itself as a leading innovator in sustainable rare earth production with a focus on environmental stewardship and supply chain transparency. Its patented technologies and integration plans address critical industry needs for clean rare earths targeting the renewable energy, automotive, and high-tech manufacturing sectors across the Americas and increasingly the U.S. market.