Aclara Resources Appoints New Director Amid Expansion

Aclara Resources Inc., listed on the Toronto Stock Exchange, announced the appointment of Juan Enrique Rassmuss to its board of directors. Rassmuss, nominated by CAP S.A. and unanimously approved by the board, brings extensive leadership experience from various industries.

This follows a private placement involving CAP S.A., with shares priced at C$0.70, marking a 41% premium. CAP holds 10.18% of Aclara's shares and signed an investor rights agreement, allowing CAP to nominate one board member.

Rassmuss, president of CAP, expressed enthusiasm for joining Aclara, highlighting CAP's commitment to rare earths. His background includes leadership in mining and energy sectors, complemented by his involvement in non-profit initiatives for sustainable development.

Aclara continues its focus on developing a vertically integrated supply chain for rare earth alloys, emphasizing sustainable and energy-efficient extraction technologies.