Aclara Joins the United Nations Global Compact

TORONTO, ON / ACCESSWIRE / May 3, 2024 / Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce that the Company has joined the United Nations Global Compact, the world's largest corporate sustainability initiative, encompassing a 10-principle-framework guiding responsible businesses around areas of human rights, labor, environment and anti-corruption, and links these actions to the objectives of the UN's Sustainable Development Goals.

Foto: Accesswire

• United Nations Global Compact is the world's largest corporate sustainability initiative, with over 24,000 companies participating in 160 countries.
• Aclara commits to incorporating the principles of the Global Compact into the Company's strategy, culture, and operations, and to participating in collaborative projects that promote the United Nations' sustainable development goals.

"At Aclara, we believe that sustainable development is the path to the future. Our work ethic, along with the innovation we apply to promote a greener world, and the close collaboration with our communities reflect this commitment. We are a driving force for global decarbonization for building a better world. Today, we join the United Nations Global Compact to accelerate the pace towards sustainable development together," said Ramón Barúa, CEO of Aclara.

Aclara aims to be the cornerstone of a green revolution. Building a sustainable value chain that results in clean and traceable extraction of rare earth minerals, is a vital step for the development of electromobility and clean technologies aimed at decarbonizing the planet. The Company's patented "Circular Mineral Harvesting" process, pursuant to which heavy rare earths are extracted in a sustainable manner, prioritizes environmental responsibility and transparency. This closed-loop system offers several key environmental benefits:

• No explosives: Simple extraction requires only loading and hauling of the ionic clays.
• Low Carbon Footprint: No crushing or milling results in minimal energy usage.
• Eliminating Waste: No generation of any solid or liquid residues avoids the need for a tailings dam.
• Circular Economy Principles: Recirculation of up to 95% of the water used and 99% of a common fertilizer main reagent.
• Land Reclamation: Aclara proposes a sequential closure and a commitment to fully revegetate all the extraction zones at its projects.

Aclara's commitment to environmental responsibility extends beyond the process itself. The Penco Module will use 100% recycled water, eliminating the need to tap into natural water sources. Furthermore, Aclara is committed to reforesting over 200 hectares at the Penco Module by planting native species and to promote conservation efforts. These practices ensure Aclara's DyTb production remains traceable and environmentally responsible, offering a reliable alternative to China's dominant rare earth supply chain.