Aclara Resources Inc (TSX:ARA, OTC:ARAAF) announced that it has received two awards from the 2024 Mining Technology Excellence Awards in the “Innovation” and “Environmental Sustainability” categories.
The Mining Technology Excellent Awards celebrate achievements and innovation within the mining industry, highlighting companies and individuals who drive progress and transformation.
Aclara's proprietary Circular Mineral Harvesting (CMH) technology, which allows for the production of high-purity heavy rare earth carbonates with minimal environmental impact, saw it take home the Innovation award.
Regarding Environmental Sustainability, the CMH process eliminates the need for explosives, crushing, milling, and tailings dams, and in turn, significantly reduces the environmental footprint of mining activities.
"We are honored to receive these two awards, which reflect our unwavering commitment to sustainable innovation and environmental stewardship," Aclara CEO Ramon Barua said in a statement.
"Our patented Circular Mineral Harvesting process exemplifies our dedication to creating a positive impact on both our industry and the planet. The Innovation Award highlights our distinctive approach to vertical integration, which focuses on creating a robust supply chain for ESG-compliant permanent magnets, essential to supporting the increasing demand for a reliable, transparent source in the clean technology sector."
Aclara Resources is focused on heavy rare earth mineral resources hosted in ion-adsorption clay deposits.