The Chilean multinational completed the acquisition of 10.18% of the property of the Canadian company, owner of the Carina Project in Brazil, the Penco Module in Chile and a rare earth separation project in the United States.

CAP Group today completed the acquisition of 10.18% of Aclara Resources, after subscribing to the capital increase launched by the Canadian company specializing in the development of rare earth mining, which is listed on the Toronto Stock Exchange.

With this operation, CAP seals its entry into the development of the Carina project in Brazil and a rare earth separation plant in the United States.

In addition, it indirectly increases its participation in the Penco Module, the first Chilean rare earth deposit, located in the Biobío Region.

Following the acquisition, CAP's Chairman of the Board, Juan Enrique Rassmuss, will also join the Board of Directors of Aclara Resources.

“This investment represents a concrete step in consolidating our presence in a key strategic sector for the development of electromobility, renewable energies and for making progress on climate change. It is also a major step forward in our 2030 Strategy, through which we seek to lead in critical materials for decarbonisation and reaffirm our commitment to innovation as a tool to drive sustainable growth,” said Nicolás Burr, general manager of Grupo CAP.

Part of the funds raised in this capital increase, which was also subscribed by companies linked to the Hochschild Group, will be used to finance the Carina project and the development of a rare earth separation plant in the United States.