Aclara Resources - Strategic Alliance with VAC To Develop Permanent Magnet Supply Chain
Francois Motte, CFO of Aclara Resources (TSX:ACA) joins me to recap the July 9th news release, reporting a strategic alliance with VACUUMSCHMELZE GmbH & Co. (“VAC”) to explore the development of a permanent magnet supply chain.
We start by discussing VAC's extensive history and expertise in rare earth permanent magnets. The alliance aims to develop a competitive magnet supply chain outside of China, addressing geopolitical concerns. This partnership focuses on sourcing heavy rare earth minerals from Aclara's projects in Brazil and Chile and VAC's production capabilities. The discussion also highlights VAC's contract with General Motors and their factory under construction in South Carolina, set to supply electric vehicle magnets by 2026.
We also discuss the technical, economic, and operational details of the alliance, the importance of heavy rare earth minerals such as Dysprosium and Terbium, and the broader impact on the electric vehicle market.
If you have any follow up questions for Francois please email me at Fleck@kereport.com.
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