Aclara Resources has confirmed final that it will receive $20 million in state property tax exemptions for the planned heavy rare earth separation facility at the Port of Vinton, reports Mining Weekly. It marks a key milestone in Aclara’s effort to build a vertically integrated mine-to-magnet supply chain outside of China.
The incentive is expected to save about $4.2 million per year over the initial five-year term as Aclara advances engineering, permitting and financing ahead of a targeted fourth-quarter 2026 groundbreaking.
The Louisiana facility will process heavy rare earth feedstock from Aclara’s projects in Chile and Brazil into high-purity oxides used in electric vehicles, robotics, wind turbines, defense system, and other advanced technologies. Read more from Mining Weekly.
