“The Quebec government is committed to becoming a leader in the global transition of the electrification of the economy… Falco, because of our type of ore – we have zinc and copper – is a good fit with that plan, and that will secure the supply chains in the future,” Falco Resources' president and CEO Luc Lessard said.
Falco Resources (TSXV:FPC) has entered the final stages of the environmental authorization process for its flagship Horne 5 gold project in Quebec, with a government decision expected by late 2025.
“(An environmental analysis) report should be submitted to the minister in the next few months, and the final decision has to be done by decree,” said Luc Lessard, president and CEO of Falco Resources, in an interview with Investingnews.com. The company is hoping the decision will come sometime late in 2025, Lessard added.
Located in the prolific Abitibi region, the Horne 5 project is central to Falco’s strategy to support Quebec’s ambition to lead the energy and technological transition. Lessard emphasized that the project’s mineral profile, particularly its zinc and copper content, makes it well-positioned to align with Quebec’s broader critical and strategic minerals development plan.
The chief executive also noted the Horne 5 project leverages several environmental innovations, including a set of measures to protect waterways and drinking water intake, the Implementation of a dust collection system to reduce metal emissions from mine ventilation by 98.64 percent, and the use of already disturbed sites unlikely to be rehabilitated without the mining project.
Falco is also looking to the future with significant exploration potential for the Horne 5 project, beyond its current deposit.
Falco owns about 67,000 hectares of land package in the Abitibi, Lessard noted. “That gives us the possibility to increase additional resources closer to the surface, add some feed to the central mill of the Horne 5 project, and that will increase the life of mine.”
Watch the full interview with Falco Resources President and CEO Luc Lessard above.
Jeff Clark, founder of the Gold Advisor, shares his outlook for gold and silver.
However, he emphasizes that he's less concerned about prices and more interested in making sure his portfolio is prepared to weather global uncertainty.
That means having exposure to physical metal, as well as stocks.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Rob McEwen, chairman and chief owner of McEwen Inc. (TSX:MUX,NYSE:MUX), outlines his gold price outlook as well as future plans for his company.
"If I look at history and the cycles gold has gone through, we have all the ingredients needed to drive it much higher," he told the Investing News Network.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Shane Williams, CEO, president and director at West Red Lake Gold Mines (TSXV:WRLG,OTCQB:WRLGF), shares his thoughts on gold's path to US$4,000 per ounce.
"It's established a base, and now as that new institutional money begins to move into gold, that's where I think we'll get that next leg up," he said.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Andy Schectman, president of Miles Franklin, lays out his takeaways from the latest BRICS meeting, saying he sees a reset happening now.
He also weighs in on the implications for gold and explains why he sees massive potential in silver.
"The word that I think of is asymmetrical — low downside, high upside," he said.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Dr. Nomi Prins of Prinsights Global discusses the real asset uprising and how to invest.
"The uprising actually means that real assets don't have value just for what they are in terms of price — they have value for their positioning in the geopolitical power battle," she explained.
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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
