Aclara Resources (TSX:ARA) COO Barry Murphy shared how his company is pursuing every opportunity to reduce the environmental impact of operations at its rare earth project in Chile.
“The way we approach this is we don’t want to try to solve one problem by creating another problem,” Murphy said. “So we want to be part of the electric revolution, and the whole spirit of the electric revolution is to safeguard the planet. So if we want to be a part of that, we also need to be true to that spirit.”
Aclara Resources has developed a proprietary extraction process for rare earths in ionic clay deposits, which it developed with the University of Toronto in Canada and the Universidad de Concepción in Chile. The process allows you to recycle approximately 95 percent of the water used, as well as 99 percent of your main reagent.
“For the Earth to move down the path of electrification, we are going to need minerals to get it done,” he said. “Mining has to be part of the solution. I think a lot of companies are doing what they can, and certainly a lot more now than 10 or 20 years ago. In our case, the advantage we have (is) a very energy efficient process. We don’t have to deal with a huge carbon footprint just because of the nature of the mineral composition that we have in the clay.”
Watch the full interview with Aclara Resources COO Barry Murphy above.
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