en.Wedoany.com Reported - Aclara Resources Inc. (TSX:ARA), a company listed on the Toronto Stock Exchange, announced on June 26, 2026, that its heavy rare earth separation facility, the "Dynamo Project," located at the Port of Vinton in Louisiana, USA, has received final approval from the Louisiana state government under the Industrial Tax Exemption Program (ITEP). The approval, signed by Governor Jeff Landry, will provide an 80% property tax exemption for the facility over a five-year period. According to the company's estimates, this incentive is expected to save approximately $4.2 million annually during the initial five-year term, totaling over $20 million. The exemption also has the opportunity to be renewed for an additional five years.
The facility receiving this tax relief is a key component of Aclara's "Mine-to-Alloy" vertically integrated strategy. The plant will process mixed rare earth carbonates from Aclara's ionic clay deposits in Chile and Brazil to produce high-purity separated rare earth oxides. Once operational, the facility will mass-produce heavy rare earth elements such as dysprosium, terbium, yttrium, gadolinium, and samarium. These materials are critical raw materials for permanent magnets used in electric vehicles, robotics, wind turbines, and other advanced technologies. The project aims to establish a vertically integrated mine-to-magnet supply chain outside of China.
Ramón Barúa, CEO of Aclara Resources, stated that the final approval of the ITEP incentive is another significant milestone for the "Dynamo Project" and expressed gratitude for the support from the Louisiana Governor, the economic development department, and local partners. Aclara is continuing to advance engineering, permitting, and financing activities for the facility, with a target to break ground in the fourth quarter of 2026. Concurrently, the company is operating its rare earth separation pilot plant at Virginia Tech to validate its proprietary solvent extraction technology. This pilot plant is expected to provide approximately two years of operational data for commercial production, thereby reducing scaling risks.
The final approval of this tax relief marks a new phase for the "Dynamo Project," which aims to establish an independent and resilient heavy rare earth supply chain. Aclara Resources is a company focused on building a vertically integrated supply chain for rare earth alloys for permanent magnets. Its rare earth mineral resource development projects include the Carina Project (flagship project) in Goiás State, Brazil, and the Penco Module in the Biobío Region, Chile.
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