Aclara heavy rare earths funding advances Carina project in Brazil

Aclara Resources

Aclara heavy rare earths funding will accelerate the Carina project in Brazil. Aclara heavy rare earths funding comes from the US DFC, totaling up to $5mn. Aclara heavy rare earths funding targets the feasibility study now underway.

What the DFC funding enables

The new capital supports a feasibility study launched in July 2025. The study is due by the end of the first quarter of 2026. The DFC is a US government development finance agency. The instrument can convert into equity under set conditions. Conversion triggers include a single $50mn+ round or $75mn across rounds within 12 months. The path anticipates construction finance for Carina.

Why this matters for US-aligned supply chains

Aclara runs a vertically integrated rare earth model across Brazil and Chile. The company plans a US separation facility for mixed carbonates into oxides. It also partners with Chile’s CAP to produce rare earth metals and alloys. The package supports heavy rare earths outside China and diversifies supply. The study will define scale, flowsheet, costs, and ESG performance.

The initiative strengthens strategic cooperation between North and South America. It aligns with efforts to localize midstream and metal production. It also positions Aclara to pursue offtakes with magnet supply chains.

The Metalnomist Commentary

DFC participation de-risks early studies and signals policy support for heavy rare earths. Watch the equity conversion triggers and downstream US separation timing. Execution will hinge on permitting, capex discipline, and securing long-lead equipment.