Aclara Resources announced that the U.S. International Development Finance Corporation (DFC) has committed up to US$5,000,000 in project development funding for its Carina heavy rare earths project in Goiás, Brazil.
The strategic investment provided under DFC’s Project Development Program will primarily fund a feasibility study for the Carina project. The feasibility study, which is expected to be completed by the end of the first quarter of 2026, is being conducted by Hatch Ltd. as a continuation of the pre-feasibility study scheduled for release this month.
“We are deeply honored to have been selected by the U.S. DFC as a recipient of the Project Development Funds. This initial investment is not only a validation of Aclara’s strategy but also an important first step toward a larger commitment from DFC once we complete the feasibility study for the Carina project, which is already underway and expected to be finalized early next year,” Aclara CEO Ramón Barúa said.
“Having such a strong partner helps de-risk the development of our project in Brazil while providing additional confidence to potential off-takers currently evaluating Aclara as a long-term supplier of heavy rare earths. The investment also highlights the strategic importance of heavy rare earths to the United States and the critical need to secure them from sustainable and reliable sources.”
Aclara is making steady progress toward its vertically integrated “mine-to-magnet” strategy, aimed at establishing a responsible and transparent supply of heavy rare earths for global markets. The company is advancing two cornerstone projects in South America – the Carina Module in Brazil and the Penco Module in Chile – while simultaneously developing a U.S.-based separation facility that will serve as the critical midstream link in Aclara’s value chain.
The Carina project is projected to commence operations in 2028.
Source: Aclara Resources