Penco Module EIA Application Admitted for Evaluation

Aclara Resources Inc. ("Aclara") has announced the admissibility of its Environmental Impact Assessment ("EIA") application by the Environmental Service Assessment ("SEA") in Concepción, Chile. This confirmation came after a five-business day review period and marks the initial step in the application process.

On June 22, 2024, an extract of the EIA was published by SEA in the Official Gazette, initiating a 60-business day citizenship participation process. Concurrently, the initial technical review process for the first round of observations is underway and is expected to last around 30 business days. If no further material information is required, the technical assessment will proceed to the next phase. The Company expects the EIA process to take approximately 18 months and is committed to collaborating with the SEA throughout this period.