Aclara Resources (OTCPK: ARAAF) announced plans to build a $277 million heavy rare earths separation facility in Louisiana, marking the first facility of its kind in the United States. The plant will process feedstock from Aclara’s clay deposits in Brazil and Chile, producing dysprosium and terbium—key minerals used in EV and wind turbine magnets.
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The project is expected to be completed by the end of 2027, pending funding and offtake agreements. The state of Louisiana has committed $46.4 million in tax incentives and grants to support the project.
Once at full production, Aclara projects the plant could supply over 75% of the U.S. demand for dysprosium and terbium by 2028.
Aclara, 57% owned by the Hochschild Group, is advancing a $1 billion+ rare earths development strategy across Latin America and the U.S., including mining operations in Brazil and Chile. Last month, the U.S. International Development Finance Corporation (DFC) provided up to $5 million in funding for its Brazilian project, with an option to acquire shares in Aclara.
