Tacora Resources
High-quality iron ore concentrate production exceeding industry benchmarks for steelmakers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | $250m | Growth Equity non VC | |
| Total Funding | 000k | ||
Tacora Resources Inc. is a mining company specializing in the extraction and processing of iron ore. The company operates primarily in the mining sector, focusing on the Scully Mine located in Wabush, Labrador. Tacora Resources serves steelmakers, the primary end-users of iron ore, by producing a high-quality iron ore concentrate with a grade of 65.9% Fe, surpassing both the standard 62% benchmark and the high-grade 65% benchmark. The business model revolves around identifying, mining, and processing iron ore mineral reserves and resources, and then selling the high-grade concentrate to steel manufacturers. Revenue is generated through the sale of this iron ore concentrate, which is in high demand due to its superior quality and grade. Tacora Resources emphasizes a team-based, inclusive work environment and maintains efficient communication channels between operations and management to achieve collective goals. The company is committed to reenergizing the Scully Mine and optimizing output while reducing risk.
Keywords: iron ore, mining, steelmakers, Scully Mine, high-grade concentrate, 65.9% Fe, mineral reserves, processing, Labrador, team-based.