Proterra’s Tacora Resources seeks up to $144 mln in public debut

Tacora Resources, an iron ore mining and processing business backed by U.S. private equity firm Proterra Investment Partners, this week priced its recently filed initial public offering in Canada. The company is seeking to raise $125 million, the updated prospectus shows, an amount that could increase to $144 million if the IPO’s greenshoe option is fully exercised. Tacora will use the proceeds to help finance the restart of the Scully Mine in Wabush, Newfoundland and Labrador, which the company acquired last year.

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