Aclara Resources, Inc. ( (TSE:ARA) ) has provided an update.
Aclara Resources has received a US$12.5 million payment from CAP S.A., marking the second tranche of CAP’s US$29.1 million strategic investment in Aclara’s Chilean subsidiary, REE Uno. This investment grants CAP a 20% equity stake in REE Uno, with an option for further investment dependent on securing environmental permits. The transaction enhances Aclara’s financial positioning and involves the formation of a joint venture for metals development, reflecting a valuation of US$119.5 million for Aclara.
More about Aclara Resources, Inc.
Aclara Resources Inc. is a mining company focused on rare earth elements. The company operates through subsidiaries, including REE Uno SPA in Chile, which owns the Penco Module and various mining concessions. Aclara is involved in developing technologies and joint ventures for the rare earth permanent magnet industry.
YTD Price Performance: 19.03%
Average Trading Volume: 22,968
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $59.17M
See more data about ARA stock on TipRanks’ Stock Analysis page.