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ACLARA REPORTS ON VOTING RESULTS FROM THE 2024 ANNUAL GENERAL MEETING OF SHAREHOLDERS

TORONTO, May 6, 2024 /CNW/ - The Annual General Meeting of Shareholders (the "Meeting") of Aclara Resources Inc. ("Aclara" or the "Company") (TSX: ARA) was held today in Toronto, Ontario. Each of the matters voted upon at the Meeting is discussed in detail in the Company's management information circular dated April 5, 2024 (the "Circular"), which can be found under the Company's profile on SEDAR+ at www.sedarplus.ca.

Aclara Resources Inc. Logo (CNW Group/Aclara Resources Inc.)
Aclara Resources Inc. Logo (CNW Group/Aclara Resources Inc.)

The total number of votes cast by shareholders of the Company in person and by proxy at the Meeting was 104,205,909 votes, representing 62.62%. Each of the matters put forward before shareholders for consideration and approval at the Meeting, as described in the Circular, was duly approved by the requisite number of votes. These matters included the election of directors and the appointment of the auditor. The voting results are detailed below:

1. Election of Directors

Name of Nominee


Votes FOR


%


Votes WITHHELD


%

Eduardo Hochschild


92,464,826


94.14


5,754,485


5.86


Ramon Barua


92,872,513


94.56


5,346,798


5.44


Paul Adams


94,030,588


95.74


4,188,723


4.26


Eduardo Landin


92,538,800


94.22


5,680,511


5.78


Catharine Farrow


97,933,632


99.71


285,679


0.29


Maria Recart


98,131,039


99.91


88,272


0.09


Sanjay Sarma


97,905,072


99.68


314,239


0.32


Nicolás Hochschild


92,593,016


94.27


5,626,295


5.73


Joao Miranda


95,554,235


97.29


2,665,076


2.71


Jorge Born


92,589,487


94.27


5,629,824


5.73


2. Appointment of Auditor

Name of Auditor


Votes FOR


%


Votes WITHHELD


%

EY Servicios Profesionales
de Auditoría y Asesorías SpA


104,188,072


99.98


17,837


0.02

The Company has filed a report of voting results on all resolutions voted on at the Meeting under its profile on SEDAR+ at www.sedarplus.ca.

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About Aclara

Aclara Resources Inc. (TSX: ARA) is a development-stage company that is focused on heavy rare earth mineral resources hosted in Ion-Adsorption Clay deposits. The Company's rare earth mineral resource development projects include the Penco Module in the Bio-Bio Region of Chile and the Carina Module in the State of Goiás, Brazil.

Aclara's rare earth extraction process offers several environmentally attractive features. Circular mineral harvesting does not involve blasting, crushing, or milling, and therefore does not generate tailings and eliminates the need for a tailing's storage facility. The extraction process developed by Aclara minimizes water consumption through high levels of water recirculation made possible by the inclusion of a water treatment facility within its patented process design. The ionic clay feedstock is amenable to leaching with a common fertilizer main reagent, ammonium sulfate. Further, harmful levels of radionuclides, typical of hard rock rare earth deposits, are not concentrated within the Aclara's processing flowsheet. In addition to the development of the Penco Module and the Carina Module, the Company will continue to identify and evaluate opportunities to increase future production of heavy rare earths through greenfield exploration programs and the development of additional projects within the Company's concessions in Brazil, Chile, and Peru.

SOURCE Aclara Resources Inc.

Cision
Cision

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2024/06/c3133.html