Message From Leadership

At Tacora, our core values—Safety, Sustainability, Teamwork, Determination, and Respect—are the foundation upon which every key decision is made. These values guide us in our pursuit of a future where mining not only supports economic growth but also contributes positively to the environment and the communities we serve. Our commitment to these values ensures that the benefits of unlocking the value of Tacora’s ore body extend to all stakeholders, including our dedicated employees, the surrounding communities, our Indigenous partners, the province, and ultimately, all of Canada.

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As we move forward, we recognize the critical role that high-grade iron ore plays in the global effort to reduce carbon emissions. Tacora’s product is at the forefront of the Green Steel Market, where its high quality and environmental advantages are key to driving sustainable industrial progress. A significant portion of the energy used in our production process comes from hydroelectric power, further reducing our environmental impact.

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We understand that mining must evolve if the world is to meet its decarbonization targets. At Tacora, we embrace this challenge. We are actively working on strategies to decrease our emissions and have set an ambitious goal to become carbon neutral. We recognize that achieving this objective requires collaboration, transparency, and sustained commitment.

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This transition can only be realized through:

• Transparent communication at every step
• Valuable input from our communities, employees, and Indigenous partners
• A commitment of the necessary capital to drive change

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The world needs Tacora, and Canada’s iron ore industry, to play a central role in decarbonizing the global economy. I am proud to say that Tacora’s employees are ready and determined to deliver on this vital mission. Together, we will continue to shape a sustainable future for generations to come.

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Sincerely,

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Brian Penney

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President and CEO, Tacora Resources.