Carina Rare Earth Project

planned

Aclara's Carina project in Goiás, Brazil, is an advanced rare earth development focusing on ionic clay deposits with a concentrate rich in heavy rare earth elements. The project includes a feasibility study under Canadian NI 43-101 standards, projecting annual production of 4,378 tonnes of rare earth oxides, with significant output of dysprosium and terbium. The project plans a modular construction approach starting in Q3 2026, with initial production in H2 2028 and full ramp-up by 2029. Aclara also plans a wholly-owned separation facility in Louisiana, USA, to integrate the supply chain from mining to magnet manufacturing.