Aclara Awards the Carina Module Pre-Feasibility Study Contract To Hatch

TORONTO, ON / ACCESSWIRE / May 6, 2024 / Aclara Resources Inc. ("Aclara" or "Company") (TSX:ARA) is pleased to announce that it has awarded the Carina Module Pre-Feasibility Study (the "Carina PFS" or "PFS") contract to Hatch Ltd. ("Hatch"), a global multidisciplinary management, engineering, and development consultancy. Hatch has over six decades of business and technical experience in the mining, energy, and infrastructure sectors with a presence in over 17 countries and is ranked as a top 20 International Design Firm according to the Engineering News-Record rankings.

The Carina PFS will be an internal study focused on identifying the optimal project configuration to serve as a basis for the upcoming Feasibility Study. The PFS is expected to be completed by the second half of 2025 and will immediately be followed by the Feasibility Study phase which is expected to be complete by the second half of 2026. The Feasibility Study will be developed and made public in accordance with the National Instrument 43-101 Guidelines associated with the Standards of Disclosure for Mineral Projects.

Barry Murphy, Aclara's COO, commented:

"We are thrilled to be working with such an established and highly regarded engineering company during this next important phase of the development of our Carina rare earths deposit in Brazil. Hatch has a reputation for designing cost effective, and fit-for-purpose mine and process facilities and bring a wealth of local project development knowledge due to their long-standing presence in Brazil."

About Hatch

Hatch is an employee-owned company founded in Toronto in 1955 and currently with global headquarters in Mississauga/CA. Hatch is a leading global consulting, engineering, technology, and project / construction management company, with more than 65 offices and +10,000 employees around the world, creating innovative solutions for 5 sectors: Metals, Energy, Infrastructure, Digital and Investment. Hatch combines the global capabilities and the local project delivery teams, to collaboratively provide the best solutions for projects worldwide and in Brazil, where Hatch has been working since 1998 with more than 100 million hours worked and US$ 15 billion in CapEx in EPCM services, with an excellent safety record.