Aclara Resources is developing the Chilean Penco Module project. The deposit hosts ionic clays rich in heavy rare earths. The company’s goal is to produce a rare earth concentrate through a proposed processing plant using an environmentally friendly extraction process that doesn’t require a tailings facility, uses minimal water consumption and contains no radioactivity in the final product.
In December 2022, Aclara released a mineral resource update based on drill campaigns conducted in 2021 and 2022 that totaled 5,298 meters across 175 new drill holes. The results will be incorporated into the development project which is expected to be launched later this year.