Aclara Resources, which happens to be a Canadian rare earth company, is reportedly looking to invest $1.3bn throughout all rare earth mines in South America and also processing plants across the US.
Jose Augusto Palma, the executive vice-president of the company, went on to reveal the investment details pertaining to rare earth mines in South America in a mining industry conference, as reported by Reuters.
This Toronto-listed miner is looking forward to allocating $150m to $170m to a project located in Chile and almost $600m to a Brazilian mine.
In addition to this, Aclara Resources is going to allocate between $300m and $400m for a separation plant and, along with it, $400m for a metallization facility.
Palma said that the feasibility studies when it comes to Brazilian and Chilean projects are expected to end by the middle of 2026.
This timeline goes on to ideally position the projects for construction in 2026 itself, with operations anticipated to begin from 2028.
Earlier In September 2025, the US International Development Finance Corporation went on to commit almost $5m in order to support Aclara’s Brazil project’s feasibility.
It is well to be noted that the company happens to be positioning its mine-to-magnet strategy as one way to go ahead and build an independent supply chain geopolitically for permanent magnets, which play a crucial role in applications like wind turbines, electric vehicle motors, robotics, and advanced defense systems.
Apparently, rare earth elements (REEs), which are a group of 17 metals having distinctive magnetic, optical, and conductive properties, happen to be increasingly in demand when it comes to technologies that range from consumer electronics to equipment related to renewable energy.
In July 2025, Aclara went on to disclose the ongoing discussions with the US government agencies pertaining to the potential financing related to the $1.5bn plan to mine rare earths located in Latin America.
It was in April 2025 that the company went ahead and inaugurated the semi-industrial heavy rare earth pilot plant facility located at Aparecida de Goiania, Goias, in Brazil.