Aclara's Penco Rare Earth Project in Chile Gets Final Environmental Permit, Advances $130M Investment

Published: Jun 25, 2026 11:41

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[SMM Rare Earth Flash] Aclara Resources, listed in Toronto, announced that its Penco rare earth project in the Biobío Region of Chile has obtained the final environmental permit, clearing a key hurdle for the project's advancement. The project, being developed by Aclara in partnership with Chile's Steel and Mining Group (CAP), is an ion-adsorption type rare earth deposit with an expected investment of $130 million, and is expected to create nearly 700 construction jobs and 400 operational jobs. The company plans to integrate the Penco project into its mine-to-magnet supply chain strategy and build a rare earth separation facility in Louisiana, US, while jointly constructing a downstream alloy facility with CAP.

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