Aclara Resources Inc.
$59,500,000.00
35,000,000.00 Common Shares at $1.70
Initial Public Offering - Closed - Friday, December 10, 2021
Company Description
Aclara Resources Inc. is a development-stage rare earth mineral resources company with 451,585 hectares of mining concessions located in the Maule, Ñuble, Biobío and Araucanía regions of Chile. Aclara is initiating the development of its resources through a project called the Penco Module, which covers a surface area of approximately 600 hectares and which has ionic clays that are rich in rare earth elements. Aclara is currently focused on the development and on the future construction and operation of the Penco Module, which will aim to produce a rare earth concentrate through a processing plant that will be fed by clays from nearby deposits.
| Address: |
Suite 1700, 666 Burrard Street Vancouver, British Columbia, V6C 2X8 |
|---|---|
| Phone Number: | 56 953504011 |
| Fax Number: | |
| Website: |
| Industry: | Metals & Mining |
|---|---|
| Closing Date: | Friday, December 10, 2021 |
| 1st Day of Trading: | Friday, December 10, 2021 |
| Primary Symbol: | ARA |
| Exchange: | Toronto |
Proceeds
The net proceeds from the offering and the concurrent private placement to advance the exploration and development of the Penco Module, exploration of potential new modules, and working capital and general corporate purposes.
| Gross Proceeds: | $59,500,000.00 |
|---|---|
| Underwrting Fees: | $2,564,723.00 |
| Expense Offering: | $3,700,000.00 |
| Net Proceeds: | $53,235,277.00 |
| Lead Underwriter: | RBC Dominion Securities Inc. |
|---|---|
| Other Underwriter(s): |
BMO Nesbitt Burns Inc. Scotia Capital Inc. Canaccord Genuity Corp. Sprott Capital Partners LP BofA Securities |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 2.86 % | 7.46 % | -5.26 % | 60.00 % | -57.65 % |
| Post IPO Performance | -5.88 % | -5.88 % | -73.82 % |
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