Falco Thanks the Community for Its Participation at the BAPE Public Information Session

Falco Thanks the Community for Its Participation at the BAPE Public Information Session

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") provides a positive assessment of the public information meeting of the Bureau d'audiences publiques sur l'environnement (" BAPE ") held on May 21 st at the Petit Théâtre du Vieux-Noranda. More than 200 people came for information and to ask questions about Falco's Horne 5 Project (" Falco's Horne 5 Project " or the " Project ") not counting webcast participants, which demonstrates the population's high level of interest in the Project for all the surrounding communities.

This public information session allowed the population and various organizations to obtain details on the Project and answers on subjects of concern to them. Falco's team has been engaged and listening to citizens since day one. To that effect, Falco has heard each of the concerns raised during the public information session and again invites the population to come meet the team at Espace Falco, located at 157 Avenue Principale, in Rouyn-Noranda.

Hélène Cartier, Vice-President, Environment, Sustainable Development and Community Relations, declared: " I would like to thank the citizens who took the time to attend the public information session. This process is essential and allows us to establish a climate of trust in complete transparency. From the very beginning, we have worked to establish an open and ongoing dialogue with the community. I invite the population to continue to learn and express themselves on Falco's Horne 5 Project in order to build a unifying and beneficial project for Rouyn-Noranda and the entire region. "

Falco's Horne 5 Project is an underground mining project of a world-class historic deposit. The Corporation plans to produce a copper concentrate, a zinc concentrate, gold and silver over a 15-year life of mine. Falco plans to reuse old infrastructures and restore environmental liabilities. It therefore plans to use the old Quemont 2 shaft as access infrastructure to the Horne 5 mineral zone and dispose of the tailings underground in the historic and new mining openings. Excess tailings will be deposited on the site of the former Norbec mine.

Luc Lessard, President and CEO declared: " The BAPE process is an important and essential step for Falco. It will demonstrate that Falco's Horne 5 Project is a high-quality project integrated into its community and that it will have major benefits beyond the city of Rouyn-Noranda. Our teams have been working for years to push technological boundaries in order to sustainably exploit this historic deposit. "

The BAPE public information period relating to Falco's Horne 5 Project has been held since April 24, 2024 and will end on June 10, 2024. Citizens, groups, municipalities or organizations who wish the BAPE to carry out a public examination on the social, ecological and economic aspects of the Project have until June 10, 2024 to send a request for public consultation or mediation to the Minister of the Environment, the Fight against Climate Change, Wildlife and Parks. At the end of the public information period, a report will be sent to the Minister and made public on the BAPE digital platforms.

On April 23, 2024, Falco wrote to the Minister of the Environment, Fight and Climate Change, Wildlife and Parks and asked that a public review be held, led by the BAPE, regarding Falco's Horne 5 Project. Falco joined its voice to that of the municipality of Rouyn-Noranda and to local organizations, reiterating to the government that holding public hearings is essential given the interest of the Project for the community and for regional development.

About Falco

Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Québec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns approximately 67,000 hectares of land in the Noranda Mining Camp, which represents 67% of the entire camp and includes 13 former gold and base metal mine sites. Falco's principal asset is Falco's Horne 5 Project located under the former Horne mine that was operated by Noranda from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper. Osisko Development Corp. is Falco's largest shareholder owning a 17.3% interest in the Corporation.

For further information, please contact:

Luc Lessard
President and Chief Executive Officer
514 261-3336
info@falcores.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (together, " forward-looking statements ") within the meaning of applicable securities laws, in particular Falco's ability to complete the BAPE, to obtain receipt of permits and approvals required to develop Falco's Horne 5 Project and the ability of Falco to efficiently develop and operate Falco's Horne 5 Project based on the terms of the Operating License and Indemnity Agreement (" OLIA ")concluded with Glencore Canada Corporation (" Glencore Canada "). These statements are based on information currently available to the Corporation and the Corporation provides no assurance that actual results will meet management's expectations. The occurrence of such events or the realization of such statements is subject to a number of risk factors, including, without limitation, the ability of Falco to provide the financial assurance guarantees required by the OLIA and the exercise by Glencore Canada of rights under the OLIA which could affect the development and operation of Falco's Horne 5 Project, together with the other risk factors identified in Falco's continuous disclosure documents available at www.sedarplus.com . Although Falco believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by applicable law, Falco disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

FPC:CC
Falco Resources

Falco Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Falco Resources (TSXV:FPC)

Falco Resources


Keep reading...Show less
End of the BAPE Public Information Period 

End of the BAPE Public Information Period 

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") would like to thank all those who participated and enriched the discussions during the public information period of the Bureau d'audiences publiques sur l'environnement (BAPE) and reiterates its commitment to working closely with the community, environmental groups, and authorities for the success of Falco's Horne 5 Project (" Falco's Horne 5 Project " or the " Project" ).

This information period, which was held from April 24 to June 10, 2024, allowed citizens, groups, the municipality and organizations to learn about the various environmental, economic and social aspects of the Project. During this period, it was also possible to make requests for public consultation or mediation to the Minister of the Environment, the Fight against Climate Change, Wildlife and Parks.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Falco Announces Brokered Private Placement for Gross Proceeds of Up to C$5.0 Million

Falco Announces Brokered Private Placement for Gross Proceeds of Up to C$5.0 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Falco Resources Ltd. (TSX-V: FPC) (" Falco " or the " Corporation ") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner on behalf of a syndicate of agents including Canaccord Genuity Corp. and Paradigm Capital Inc. (collectively, the " Agents "), in connection with a "best efforts" private placement for aggregate gross proceeds of up to C$5,000,000 from the sale of the following:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Falco Appoints Red Cloud to Provide Promotional Services

Falco Appoints Red Cloud to Provide Promotional Services

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") is pleased to announce that it has entered into a services agreement (the " Agreement ") with Red Cloud Financial Services Inc. (" RCFS ") pursuant to which RCFS has agreed to provide certain advisory services to the Corporation, including advice on marketing and social media activities, in accordance with Policy 3.4 of the TSX Venture Exchange (the " Exchange ").

Under the engagement, RCFS will be paid a fee of $10,000 per month for the services it will render starting on April 4 th , 2024, for an initial twelve-month term, which may be reduced to six months in certain circumstances (the " Initial Term "). The Agreement will transition to a month-to-month basis following the Initial Term. There are no performance factors contained in the agreement and RCFS will not receive common shares or options as compensation.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Falco Announces Granting of Stock Options

Falco Announces Granting of Stock Options

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") announces that the Board of Directors approved the grant of incentive stock options to key employees, officers and directors to purchase up to an aggregate of 3,440,000 common shares in the capital stock of the Corporation. Grants are subject to a three-year vesting period and a five-year term. The options were granted at an exercise price of $0.36 per share being the closing price of the common shares of the Corporation on the TSX Venture Exchange on April 2, 2024.

About Falco

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Falco Reaches Another Major Milestone and Confirms Admissibility of Its Horne 5 Project's Environmental Impact Assessment

Falco Reaches Another Major Milestone and Confirms Admissibility of Its Horne 5 Project's Environmental Impact Assessment

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") is pleased to announce the receipt of confirmation of the admissibility of its Environmental Impact Assessment (" EIA ") for the Horne 5 Project located in Rouyn-Noranda (the " Admissibility ") from the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks (" MEFCCWP ").

Since the initial EIA filing in 2018, Falco has completed extensive field work and studies, in addition to providing the documentation in order to respond to questions and requests for information raised by the MEFCCWP. Driven by ESG principles, the EIA was conducted by a multidisciplinary team comprised of Falco's employees, experts and partners, and highlights the Horne 5 Project's benefits and impacts on its physical, biological and human environments. The EIA includes various measures to avoid, mitigate or compensate for these impacts, and to enhance the project's overall benefits, in a strong corporate governance environment. The EIA and all related documentation are publicly available on the Environmental Assessment Register of the MEFCCWP.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Canadian Critical Minerals Receives Update on Drill Results from Thierry Copper Project

Canadian Critical Minerals Receives Update on Drill Results from Thierry Copper Project

Canadian Critical Minerals Inc. (TSXV: CCMI) (OTCQB: RIINF) ("CCMI" or the "Company") has received results from the remaining five drill holes at the Thierry Copper Project near Pickle Lake, Ontario that were drilled by CCMI in July 2023 as part of a 2,600 metre drill program. The Thierry Copper Project is 100% owned by Cuprum Corp. CCMI owns 23.2 million shares of Cuprum and is the second largest shareholder with approximately 30% of the issued shares of Cuprum. Orecap Invest Corp. is the largest shareholder owning 29.5 million shares of Cuprum.

A complete review of the drill results has been disclosed by Orecap Invest Corp. earlier this morning and is available on Sedar Plus in their press release dated June 20, 2024, or on their website at www.orecap.ca. Further to CCMI's disclosure of September 20, 2023, which is available on Sedar Plus, the results are as good or better than expected.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Aston Bay Holdings Closes Final Tranche of Non-brokered Private Placement for $4,130,460 Total Proceeds

Aston Bay Holdings Closes Final Tranche of Non-brokered Private Placement for $4,130,460 Total Proceeds

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Aston Bay Holdings Ltd. (TSX-V:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") is pleased to announce that it has closed a final tranche of the Company's non-brokered private placement, previously announced on April 24, 2024 (the "Offering"). Pursuant to the final tranche of the Offering, the Company has issued 230,000 non-flow through units (each a "Unit") at a price of $0.12 per Unit (the "LIFE Offering") and 3,900,000 flow through shares (each an "FT Share") at a price of $0.15 per FT Share, for aggregate gross proceeds of $612,600. The closing is subject to final acceptance of the TSX Venture Exchange

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Grid Battery Metals Completes Phase 2 of its 2024 Clayton Valley Project 2024 Exploration Plan

Grid Battery Metals Completes Phase 2 of its 2024 Clayton Valley Project 2024 Exploration Plan

(TheNewswire)

Grid Battery Metals Inc..

Coquitlam, BC TheNewswire - June 20, 2024 - Grid Battery Metals Inc. (the "Company" or "Grid") ( TSXV: CELL, OTCQB: EVKRF FRA: NMK2 ) is pleased to announce the conclusion of a second phase of soil samples and the construction of a geologic model incorporating mapped geology, magnetotelluric (MT) geophysics, and soil geochemistry. Grid's exploration team has determined that a multilayered approach to drill targets would improve the chances of intercepting lithium bearing brines.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
VIZSLA COPPER ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$5.46 MILLION

VIZSLA COPPER ANNOUNCES CLOSING OF BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$5.46 MILLION

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Vizsla Copper Corp. (TSXV: VCU) (OTCQB: VCUFF) (" Vizsla Copper " or the " Company ") is pleased to announce the closing of its previously announced marketed best efforts brokered private placement (the " Offering ") for aggregate gross proceeds of approximately C$5,463,000 . Under the Offering, the Company sold 9,379,088 units of the Company (the " Units ") at a price of C$0.11 per Unit and 36,923,800 flow-through units of the Company (the " FT Units ", and together with the Units, the " Offered Units ") at a price of C$0.12 per FT Unit.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Canadian North Resources Inc. Announces Results of Annual General Meeting

Canadian North Resources Inc. Announces Results of Annual General Meeting

Canadian North Resources Inc. ("CNRI" or "the Company," TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to announce the voting results for the election of its Board of Directors at its Annual and Special Meeting of Shareholders held on June 18, 2024, in Mississauga, Ontario. A total of 75,369,669 common shares were voted at the Meeting, representing 65.81% of the common shares outstanding (114,527,617).

Shareholders approved the re-election of all Directors as listed in the Management Information Circular dated May 28, 2024, and the reappointment of MNP LLP, Chartered Professional Accountants, as auditors of the Company at a remuneration to be fixed by the directors. In addition, the resolution to ratify and approve the Company's Stock Option Plan was passed.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Heritage Mining Announces Fully Subscribed Non Brokered Private Placement Totaling $750,000

Heritage Mining Announces Fully Subscribed Non Brokered Private Placement Totaling $750,000

(TheNewswire)

Heritage Mining Ltd.

VANCOUVER, BC TheNewswire - June 1 8 2024 Heritage Mining Ltd. (CSE: HML ) ( FRA:Y66) (" Heritage " or the " Company ") is pleased to announce that its $750,000 non-brokered private placement previously announced on June 12, 2024 (the " Offering ") is now fully subscribed. Peter Schloo, President, CEO and Director of Heritage, has subscribed for 2,430,000 Units (as defined below) at an aggregate purchase price of C$121,500.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Falco Resources

Falco Resources Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×