Aclara Resources, Inc. ( (TSE:ARA) ) just unveiled an announcement.
Aclara Resources Inc. announced that its shareholders approved the issuance of over 51 million common shares through a private placement, valued at C$0.70 per share. This decision was made at a special meeting, with the resolution receiving overwhelming support from disinterested shareholders. The private placement is expected to close around February 19, 2025. This strategic move will likely enhance Aclara’s financial position, facilitating its continued development of a vertically integrated supply chain for rare earths, thereby strengthening its industry positioning and potentially benefiting stakeholders through increased production and sustainable practices.
More about Aclara Resources, Inc.
Aclara Resources Inc., listed on the Toronto Stock Exchange, specializes in developing a vertically integrated supply chain for rare earth alloys used in permanent magnets. The company focuses on rare earth mineral resources in ionic clay deposits, ensuring a sustainable and energy-efficient extraction process. Aclara’s projects include the Carina Project in Brazil and the Penco Module in Chile, utilizing their patented Circular Mineral Harvesting technology. They are also developing a rare earths separation plant in the USA and have a joint venture with CAP S.A. to enhance alloy-making capabilities.
YTD Price Performance: 19.68%
Average Trading Volume: 30,871
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $64.05M
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