CAP Announces Strategic Investment in Aclara Resources, Marking its Entry into the Canadian and Brazilian Markets

The company has successfully acquired a 10.18% stake in the Canadian company, which owns the Carina Project in Brazil, the Penco Module in Chile, and a rare earth separation project in the United States.

CAP has completed the acquisition of a 10.18% stake in Aclara Resources Inc., a Canadian leader in rare earth mining listed on the Toronto Stock Exchange, following its participation in the company's capital increase.

This transaction marks Grupo CAP's entry into the Carina project in Brazil and a US-based rare earth separation plant, while also increasing its indirect stake in the Penco Module, a rare earth deposit in Chile's Biobío Region.

Additionally, as a result of the acquisition, CAP's Chairman of the Board, Juan Enrique Rassmuss, will be appointed to the Board of Directors of Aclara Resources Inc.

"This investment marks a significant step in our strategic expansion into the critical materials sector, driving electromobility, renewable energy, and climate change mitigation. It also advances our 2030 Strategy, positioning us as a leader in decarbonization materials and reinforcing our commitment to innovation-driven sustainable growth," said Nicolás Burr, General Manager of Grupo CAP.

The proceeds from this capital increase, subscribed by companies including those affiliated with the Hochschild Group, will partially fund the Carina project and the development of a US-based rare earth separation plant.