Risk Management

Tacora Resources employs a comprehensive approach to risk management that addresses operational, environmental, financial, and workplace safety risks.

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Operational and Financial Risk Management

Tacora mitigates financial risks by maintaining robust financing and partnerships to support long term stability. Following recent restructuring under the Companies’ Creditors Arrangement Act (CCAA), Tacora secured a strong investment base from a group of investors, allowing us to stabilize financially and proceed with essential upgrades at Scully Mine. This restructuring included debt reduction and strategic partnerships, such as a 10-year offtake agreement with Cargill, which provides stable revenue and cash flow predictability.

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Environmental and Sustainability Risks

Recognizing the environmental impacts of mining, Tacora has implemented technological upgrades at Scully Mine to increase recovery rates and reduce waste. Projects like the Spiral Scavenger and Fines Bypass circuits minimize tailings, enhancing resource efficiency and reducing environmental footprint. Tacora’s high-grade iron ore, branded as Tacora Premium Concentrate, supports sustainable steel production, aligning with global decarbonization goals and adding resilience against regulatory risks related to emissions.

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Workplace Safety

Tacora’s commitment to workplace safety is at the core of our risk management framework. Tacora enforces strict occupational health and safety protocols, including hygiene assessments, exposure controls, and continuous monitoring. Tacora also ensures onsite medical readiness, with a Primary Care Paramedic and trained Advanced Medical First Responders present at all times. Emphasizing a “zero-harm” policy, Tacora involves employees in risk identification and preventive measures, empowering them to stop unsafe practices and fostering a collective responsibility for safety.

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By aligning these practices with risk management principles, we not only protect our workforce and community but also strengthen our operational resilience and support sustainable mining.