CAP updates Penco economics with USD 344 million project NPV for CAP stock

Published on 10/25/2026 at 02:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CAP's Penco project has a USD 344 million after-tax net present value. A 26.10 percent IRR gives CAP stock a project backdrop.

Development economics and milestones

CAP's Penco project reached a USD 344 million after-tax net present value on October 19, 2026.
The rare earth demonstration plant launched on October 7, 2026, with capacity of 175 kilograms per day.
CAP's market capitalization stood at CLP 648.3 billion as of October 23, 2026.

CAP, CLP256251073, Illustration mit AI erstellt.

CAP (CLP256251073) is advancing its Penco rare earth project after an updated study put its after-tax net present value at USD 344 million on October 19, 2026. Yahoo Finance reported that CAP holds a 20.00 percent interest in the project and has an option to increase it to 40.00 percent.

Penco economics improve

The updated preliminary economic assessment projects an after-tax internal rate of return of 26.10 percent and a payback period of 3.20 years. The study also estimates average annual production of 732 tonnes of rare earth oxides over a 17-year mine life, according to Yahoo Finance.

What does Penco mean for value?

The project economics are stronger than the 2021 assessment's USD 178 million net present value, while the updated study carries a higher 8.00 percent discount rate. The comparison matters because the new plan processes 30.80 million tonnes of resources, versus 19.90 million tonnes in the earlier study.

Three milestones shape the project

On June 8, 2026, the Biobío Regional Environmental Evaluation Commission approved the first-stage environmental assessment, supporting approximately the first 5.50 years of operations. On October 7, 2026, CAP and Aclara opened a demonstration plant with nominal capacity of up to 175 kilograms of rare earth metal per day and targeted purity of 99.50 percent, reported BNamericas. On October 19, 2026, the updated Penco assessment set the USD 344 million net present value and 26.10 percent internal rate of return.

Next dates for CAP

The Penco feasibility study is targeted for the first quarter of 2027, followed by early construction work subject to financing. The wider construction schedule targets completion in the second half of 2028, according to Yahoo Finance.

CAP's market position

CAP's market capitalization stood at CLP 648.3 billion as of October 23, 2026. The stock closed at CLP 4,338.00 on the Santiago exchange that day. The Penco project remains subject to financing, permitting and the preliminary nature of the economic assessment.