Tacora Resources Appoints Brian Penney as New CEO

Tacora Resources Inc. has named Brian Penney as its new President and CEO. Brian will take on his role in early September, following the completion of a transaction steered by an investor group comprising Cargill Incorporated, Millstreet Capital Management, and O'Brien-Staley Partners.

Brian joins Tacora with extensive experience in the iron ore mining industry. He most recently served as CEO of Baffinland Iron Mines, transforming it into a major producer of high-grade iron ore. His leadership focused on people, safety, and environmental stewardship.

Brian has deep ties to Labrador West, having worked in the region for 15 years earlier in his career. His return is both a professional milestone and a personal homecoming.

The investor group is optimistic about Brian's appointment. His expertise will be crucial in achieving Tacora's goal of producing 6 million tonnes of high-grade iron ore concentrate annually.