Aclara and VAC Forge Alliance for Magnet Supply Chain

Aclara Resources, Inc. (TSE:ARA) has released an update.

Aclara Resources Inc. has entered into a strategic alliance with VAC to provide a ‘mine-to-magnets’ solution, targeting the growing market for ESG-compliant permanent magnets needed in electric vehicles and clean technologies. The collaboration capitalizes on Aclara’s unique position as a potential supplier of rare earth minerals essential for magnet production and VAC’s expertise as a leading magnet producer outside Asia. Aclara is advancing projects in Chile and Brazil, as well as developing processing technology in the U.S., to meet the demand for these critical minerals.

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