Aclara Resources (ARA) investor relations material

Strategic positioning and market context

• Focused on revitalizing heavy rare earths supply through ionic clay deposits in Brazil and Chile, leveraging proprietary extraction and processing technologies.

• Vertically integrated from mining to alloy production, with operations in geopolitically stable jurisdictions.

• Positioned to address global supply gaps as China imposes export controls and supply disruptions impact major industries.

• Demand for heavy rare earths (HREEs) is projected to outpace supply, driven by electric vehicles, robotics, and advanced technologies.

• U.S. and EU supply chains are vulnerable to Chinese price manipulation and export restrictions, creating opportunities for alternative suppliers.

Project portfolio and development status

• Carina Project (Brazil): 18-year mine life, $183M capex, 1,191 tpa NdPr, 781 tpa DyTb, NPV $1.66B, IRR 26.9%, operations start mid-2028.

• Penco Module (Chile): 14-year mine life, $129M capex, ~50 tpa DyTb, advanced permitting, operations start mid-2028, fully financed until construction.

• Project Dynamo (Louisiana): Separation facility, 1,131 tpa NdPr, 173 tpa DyTb, $277M capex, NPV $470M, IRR 25.2%, operations start mid-2028.

• Metals & Alloys Project: U.S.-based, 2,681 tpa NdFeB alloy, 811 tpa NdPr, 154 tpa FeDy, 19 tpa Tb, $149M capex, NPV $203M, IRR 25%.

• All projects target phased expansion, with additional separation and alloy production capabilities under development.

Technology and sustainability

• Utilizes patented Circular Mineral Harvesting for sustainable extraction, achieving >93% water and 99% reagent recirculation, low carbon footprint, and no tailings dam.

• Proven metallurgy validated by pilot operations in Chile and Brazil, with high-purity (>95%) rare earth carbonate production.

• Digital twin and AI partnerships with Argonne and Stanford to optimize operations and exploration.

• Recognized by the UN for innovation in circular water management.