Aclara appoints new general manager to accelerate development of Penco modules towards construction readiness

Aclara appoints new general manager to accelerate development of Penco modules towards construction readiness

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TORONTO, ONTARIO / ACCESS Newsline / February 2, 2026 / Aclara Resources Inc. (“Aclara” or the “Company”) (TSX:ARA,OTC:ARAAF) is pleased to announce the appointment of Enrique Donoso Moscoso as General Manager of Aclara Chile, effective February 2, 2026. This leadership appointment strengthens Aclara’s organizational structure as the Company advances the Penco module through accelerated technical development towards construction readiness.

“We are very pleased to welcome Enrique as our new General Manager in Chile,”said Ramón Barúa, CEO of Aclara.“Enrique brings more than 35 years of leadership experience in complex industrial, energy, infrastructure and natural resources projects in Chile and internationally. His proven track record of operational excellence, project execution and stakeholder engagement will be key as Aclara enters this next phase of development.”

Mr. Donoso holds a degree in civil engineering from Pontificia Universidad Católica de Chile and a degree in business administration from Universidad Adolfo Ibáñez. He has held senior leadership positions at leading national and multinational organizations, including CMPC, Colbún, Aguas Andinas and Endesa, in the energy, infrastructure, industrial services and natural resources sectors.

Over the course of his career, Mr. Donoso has led large multi-disciplinary teams and capital-intensive projects, with extensive expertise in operations management, project development, environmental permitting, contract management and engagement with authorities, communities and other key stakeholders. His professional background is distinguished by a strong commitment to safety, sustainability, efficiency and long-term value creation.

As part of this leadership transition, Nelson Donoso, who has been managing director since 2023, will assume the newly created role of director of business development for Aclara Chile. In this role, Mr. Donoso will continue to play a strategic role in strengthening Aclara’s relationships with authorities, academia, industry associations, media and other high-priority stakeholders, while leading the development strategy for Aclara’s future modules in Chile.

This improved organizational structure reflects Aclara’s commitment to combining continuity and innovation, strengthening execution capabilities while maintaining a strong focus on stakeholder engagement and long-term sustainable development.

About Aclara

Aclara Resources Inc. (TSX: ARA,OTC:ARAAF), a Toronto Stock Exchange listed company, is focused on building a vertically integrated supply chain for rare earth alloys used in permanent magnets. This strategy is supported by Aclara’s development of rare earth metals housed in ionic clay deposits, which contain high concentrations of the scarce heavy rare earth metals, providing the company with a reliable long-term source of these critical materials. The company’s rare earth development projects include the Carina project in the state of Goiás, Brazil as a flagship project, and the Penco module in the Biobío region of Chile. Both projects utilize Aclara’s patented technology called Circular Mineral Harvesting, which provides a sustainable and energy-efficient extraction process for rare earth metals from ionic clay deposits. The Circular Mineral Harvesting process is designed to minimize water consumption and overall environmental impact through recycling and circular economy principles. Through its wholly owned subsidiary, Aclara Technologies Inc., the company is further enhancing its product value by developing a rare earth separation facility in the United States. This facility will process mixed rare earth carbonates sourced from Aclara’s mineral resource projects and separate them into pure individual rare earth oxides. In addition, through a joint venture with CAP, Aclara is improving its alloy manufacturing capabilities to convert these refined oxides into the alloys needed to manufacture permanent magnets. This joint venture leverages CAP’s extensive expertise in metal refining and special ferro-alloy steels. In addition to the Carina Project and the Penco Module, Aclara is committed to expanding its mineral resource portfolio by exploring new opportunities and further developing projects within its existing concessions in Brazil, Chile and Peru, with the aim of increasing future production of heavy rare earths.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable securities laws, which reflects the Company’s current expectations regarding future events, including statements regarding the expected contributions of Enrique Donoso Moscoso as Managing Director of Aclara Chile; strengthening the company’s organizational structure and execution capabilities; the advancement of the Penco module through accelerated technical development towards construction readiness; the Company’s ability to successfully execute its project development plans, including environmental permitting, stakeholder engagement and project execution; Nelson Donoso’s expected role as director of business development; and the development strategy for Aclara’s future modules in Chile. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the company’s control. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in the Company’s annual information form dated as of March 20, 2025 filed on the Company’s SEDAR profile. Actual results and timing may differ materially from those projected herein. Unless otherwise indicated or the context otherwise indicates, the forward-looking information contained in this press release is made as of the date hereof and the Company undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.

For more information please contact:

Ramón Barua Costa
General manager
investorrelations@aclara-re.com

SOURCE: Aclara Resources Inc.

View the original press release on ACCESS Newswire

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