Aclara secures $25m for Carina mining project in Brazil
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2024
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Source: Yahoo Finance
Aclara Resources Funding: Canadian rare earths company Aclara Resources is raising $25 million through a private placement to fund its Carina project in Brazil, involving the issuance of over 51 million shares at a premium price.
Strategic Partnerships and Future Plans: The funding includes partnerships with CAP and Hochschild Mining, aiming to enhance Aclara's position as a leader in rare earth production while also planning key development milestones for the Carina project in 2025.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
