Falco Resources (TSXV:FPC)

Falco Resources: Canadian Explorer in the Rouyn-Noranda Mining Camp


Falco Resources (TSXV:FPC) focuses on developing gold and base metal projects in the Rouyn-Noranda region of Quebec, an established mining camp with a long history of exploration and development. The camp has historically produced 19 million ounces (Moz) of gold and 2.9 billion pounds (Blbs) of copper, and yet it is still under-explored for gold.

Falcon’s principal property, Horne 5 project, holds 67,000 acres or nearly 67 percent of the total area of the entire mining camp and is located under the former Horne mine which produced 11.6 Moz of gold and 2.5 Blbs of copper. The 2021 feasibility study on the Horne 5 project suggests strong project economics with a total mine life of 15 years, after-tax NPV at 5 percent of US$761 million, and a payback period of 4.8 years, assuming gold prices at $1,600/oz. At the current gold prices of over $2,300/oz, the project economics will be even better.

Falco Resources

Falco Resources operating license and indemnity agreement (OLIA) with Glencore Canada will enable Falco to utilize a portion of Glencore's lands. The agreement entails establishing a technical committee comprising two representatives from Glencore and two from Falco, tasked with safeguarding the uninterrupted operations of Glencore’s Horne copper smelter. Additionally, a parallel strategic committee will be formed. Glencore will nominate one representative to join Falco's board of directors.

The successful completion of the OLIA, coupled with life-of-mine copper-zinc concentrate offtake agreements with Glencore, positions Falco to advance its Horne 5 project towards construction. The company is advancing with the permitting and financing processes for the project.

Company Highlights

  • Falco Resources is a Canadian explorer of base and precious metals focused on developing its mineral properties in the Rouyn-Noranda region in Quebec, Canada.
  • The company holds 67,000 acres of mining claims in the Rouyn-Noranda mining camp, accounting for nearly 67 percent of the entire mining camp.
  • Rouyn-Noranda has a long history of mining and exploration. The area has established infrastructure and has been host to 50 former producers, including 20 base metal mines and 30 gold mines.
  • Falco’s principal asset is the Horne 5 project which is a gold project with significant base metal by-products. It is located under the former Horne Mine which produced 11.6 Moz of gold and 2.5 billion pounds of copper.
  • The Horne 5 is a world-class deposit containing 7.6 Moz gold equivalent in measured and indicated resources and 1.7 Moz gold equivalent in inferred resources.
  • The Horne 5 project represents a robust, high-margin, 15-year underground mining project with attractive economics. The 2021 feasibility study indicates after-tax NPV at 5 percent of US$761 million and after-tax IRR of 18.9 percent.
  • The operating lease and indemnity agreement (OLIA) with Glencore coupled with EIA admissibility receipt from the government body positions Falco to advance its Horne 5 project towards construction.

This Falco Resources profile is part of a paid investor education campaign.*

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Falco Resources (TSXV:FPC)

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Canadian explorer in the Rouyn-Noranda mining camp

Falco Files Requested Documentation for the Horne 5 Project's Environmental Authorization Process

Falco Files Requested Documentation for the Horne 5 Project's Environmental Authorization Process

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") is pleased to announce that it has responded to all questions and comments requested by the Direction de l'évaluation environnementale (" DEE ") des projets industriels et miniers on February 27, 2025 (the " Correspondence "), as more fully described in Falco's press release dated March 3, 2025.

The responses, commitments, and explanatory letter submitted (the " Responses ") follow the meetings and clarifications obtained from representatives of the Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the " Ministry ") and other ministries, regarding the principal issues raised by the Horne 5 project (the " Project "), in the Correspondence. The Responses will allow the Ministry to complete its analysis in accordance with the standard evaluation process.

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Horne 5 Project Update

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Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") announced today that since its March 3 rd press release (the " March 3 rd Press Release "), the Corporation has received complementary correspondence (the " Complementary Correspondence ") from the Direction de l'évaluation environnementale des projets industriels et minières, at the Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the " Ministry "), which aims to clarify the Ministry's position regarding the ongoing process regarding the Horne 5 Project (the " Project ").

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REPEAT -- Independent Survey Confirms Public Support for Falco Horne 5 Project

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Falco Resources Ltd. (TSX.V: FPC) (" Falco" or the " Company" ) is pleased to publish the results of an independent survey of the population of Rouyn-Noranda and Abitibi-Témiscamingue conducted by Léger regarding the understanding and social acceptability of the Falco Horne 5 underground mine project (the " Project" ).

Three out of four people support the Project

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Independent Survey Confirms Public Support for Falco Horne 5 Project

Falco Resources Ltd. (TSX.V: FPC) (" Falco" or the " Company" ) is pleased to publish the results of an independent survey of the population of Rouyn-Noranda and Abitibi-Témiscamingue conducted by Léger regarding the understanding and social acceptability of the Falco Horne 5 underground mine project (the " Project" ).

Three out of four people support the Project

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Falco Receives Additional Comments and Questions From the Ministry of the Environment on the Horne 5 Project

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Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Company ") announces today that it has received a letter from the Direction de l'évaluation environnementale des projets industriels et minières at the Ministère de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the " Ministry ") regarding the Horne 5 Project (the " Project ").

This letter includes observations regarding the application of section 197 of the Clean Air Regulations (" CAR "), and identifies certain issues related to the Project further to the analysis of the environmental acceptability of the Project. A comprehensive list of comments, questions and requests for additional technical studies is also attached to the letter.

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Falco Resources

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