The latest update is out from Aclara Resources, Inc. ( (TSE:ARA) ).
Aclara Resources Inc. has successfully completed a US$25 million non-brokered private placement with strategic investors, raising funds at a 41% premium. This financing will support the development of the Carina Project in Brazil and the advancement of rare earth separation technology in the United States, enhancing Aclara’s strategic positioning and operational capabilities in 2025.
More about Aclara Resources, Inc.
Aclara Resources Inc. operates in the mining industry, focusing on the development of rare earth elements. The company is engaged in projects primarily in Brazil and also advances its rare earth separation technology in the United States.
YTD Price Performance: 19.35%
Average Trading Volume: 33,014
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $60.76M
For detailed information about ARA stock, go to TipRanks’ Stock Analysis page.