TSX:ARA - Post Discussion
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Betteryear2 on Nov 15, 2023 11:04am
Aclara Announces R&D Tax Rebate
TORONTO, ON / ACCESSWIRE / November 15, 2023 / Aclara Resources Inc. ("Aclara" or the "Company") (TSX:ARA) is pleased to announce that REE UNO SpA, its wholly owned subsidiary that holds 100% stake in the Penco Module (the "Project"), has received a tax rebate of approximately US$ 2.1 million from the Corporacin de Fomento de la Produccin ("CORFO") for Research and Development ("R&D") expenses related to the installation and operations of the Pilot Plant. CORFO, which is the Chilean government institution in charge of promoting the production of goods and services and economic regional growth, has validated the pilot plant R&D expenses and determined this project to be key to the future production of the rare earths necessary for the manufacturing of permanent magnets used in wind turbines, electric vehicles, and other technologies vital to the energy transition. Aclara Announces R&D Tax Rebate from the Government of Chile (accesswire.com)
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