MONTREAL and QUEBEC, August 1, 2022 /PRNewswire/ — Tacora Resources Inc. (“Tacora” or the “Company”) today announced that Heng Vuong will join the Company as Executive Vice President and Chief Financial Officer effective September 12, 2022. Mr. Vuong will lead Tacora’s finance, treasury, tax, risk management, business development and accounting functions and will report directly to Joe BrokeragePresident and CEO.

“I’m very happy to welcome Heng to the Tacora team,” Broking said. “Heng’s experience and proven track record will be extremely valuable as we build Tacora into a leading producer of high quality iron ore for green steel process advancement and, subject to final verification of process and economic evaluation, perhaps the only North American supplier of high quality iron ore. purity manganese for the development of advanced battery technology.”

Mr. Vuong will join Tacora with over 18 years of global investment banking and capital markets experience in Toronto, New York and beijing, with most of those years spent in the metals and mining sector at Goldman, Sachs & Co., a leading global financial institution. In his most recent role as Managing Director, Investment Banking, he advised companies in the natural resources, industrials, technology and real estate sectors.

Mr. Vuong holds a bachelor’s degree in business administration from HEC Montreal, is a native of Montreal and is fluent in English and French and proficient in Mandarin Chinese.

Contact investors and analysts:

Joe Brokerage
President and CEO
T-+1 (218) 398-0079
E- [email protected]

About Tacora Resources Inc.

Tacora is a privately held company focused on producing and selling high quality iron ore products that improve the efficiency and environmental performance of steelmaking and, subject to final process verification and an economic evaluation, the development of a high purity manganese. product for advanced battery technology. The Company owns and operates the Scully Mine, an iron ore concentrate producer located in Wabush, Newfoundland and Labrador, Canada with a production capacity of 6 million tonnes per year, and owns the Sydvaranger Mine, a mine located in Sør-Varanger, Norway which is currently idle with a recently completed feasibility study for an expansion to 4 million tonnes per annum of iron ore concentrate. The Company’s equity investors include funds managed by Proterra Investment Partners LP; Aequor Holdings LLC; Cargill, Inc.; a fund managed by Orion Mine Finance; Titlis Mining AS; and MagGlobal LLC. 100% of the concentrate from the Scully mine is purchased and marketed globally by a subsidiary of Cargill Inc. Additional company information is available at www.tacoraresources.com.

Forward-looking statements

This press release contains statements that are forward-looking and relate to our expectations, beliefs and intentions. All statements other than statements of historical facts are statements that could be considered forward-looking. Although Tacora believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements involve known and unknown risks, uncertainties and other factors and are not guarantees of future performance and therefore actual results may differ materially from those in the forward-looking statements. statements, and these statements are subject to risks, uncertainties and assumptions that could cause actual results to differ from our expectations. The forward-looking information set forth herein reflects Tacora’s expectations as of the date of this press release and is subject to change after such date. Tacora disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE Tacora Resources Inc.