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Aclara Resources Inc. (T:ARA)

Business Focus: Rare Earth Minerals

Sector:  Basic Materials Industry:  Non-Gold Precious Metals & Minerals
Company Contact
Address: Av. Cerro el Plomo 5630, piso 15
Tel: N/A
IR: See website
Key People
Eduardo Hochschild Beeck
Chairman of the Board
Ramon Barua
Chief Executive Officer, Director
Francois Motte Sauter
Chief Financial Officer
Barry Murphy
Chief Operating Officer
Business Overview
Aclara Resources Inc, formerly 1303714 BC Ltd, is a Chile-based public company which engages in the Mineral Resources Business Sector. The Company is development-stage rare earth mineral resources company with approximately 450,500 hectares of mining concessions located in the Maule, Nuble, Biobio and Araucania regions of Chile. The Company focuses on the development and on the construction and operation of the Penco Module, which aims to produce a rare earth concentrate through a processing plant that is be fed by clays from nearby deposits. The Company also conducts exploration activities in order to determine if there are deposits within its other mining concessions that can be developed economically and with an adequate environmental footprint.
Financial Overview
For the nine months ended 30 September 2023, Aclara Resources Inc revenues was not reported. Net loss increased 3% to $5.4M. Higher net loss reflects Exploration expenses increase of 81% to $3.4M (expense), Depreciation and amortization increase from $207K to $676K (expense), Professional fees increase from $195K to $587K (expense). Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.03.
Employees: 78 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $0.00M as of Sep 30, 2023
EBITDA (TTM): -$13.42M as of Sep 30, 2023
Net annual income (TTM): -$11.50M as of Sep 30, 2023
Free cash flow (TTM): -$36.89M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 163,311,439 as of Dec 28, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization