Aclara Resources Inc (TSX:ARA, OTC:ARAAF) announced a strategic investment of up to US$80 million by Chilean firm CAP SA in Aclara’s Chilean subsidiary, along with an option for an equity investment of up to 19.9%.
Under the terms of the agreement, CAP will inject US$29 million into REE Uno SpA, which oversees Aclara’s Penco Module rare earths project, in exchange for a strategic 20% equity stake.
CAP boasts over 77 years of industry experience and a sterling track record in iron ore mining.
The conglomerate’s diversified operations span across Chile, Peru, and Argentina, with a robust presence in steelmaking and port infrastructure.
The agreement extends beyond the initial investment, encompassing an option for CAP to inject an additional US$50 million into REE Uno, potentially securing a 40% equity stake, pending the acquisition of requisite environmental permits for the Penco Module. Moreover, CAP has secured a…
