Scully Mine Sale a Step in Reopening Wabush Mine

Tacora Resources has purchased Scully Mine as it works to reopen the mine, the Government of Newfoundland and Labrador in ensuring financial obligations were maintained for remaining environmental liabilities at Wabush Mines.

Tacora plans to complete a feasibility study in 2017 after which it will seek to raise additional capital needed to re-start Wabush Mines.