Falco Thanks the Rouyn Noranda Chamber of Commerce and Industry for Its Support

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Company ") acknowledges the press release issued by the Rouyn-Noranda Chamber of Commerce and Industry (" CCIRN ") entitled " BAPE Report The Horne 5 Project: A Lever for the Local Economy and a Commitment to the Community " and thanks the CCIRN for its support.

After reviewing the BAPE report, the CCIRN indicates that, although challenges have been raised, it sees the Horne 5 Project as an exceptional opportunity for Rouyn-Noranda and the Abitibi-Témiscamingue region. The CCIRN is encouraged by Falco's efforts to meet community expectations and maximize local economic impacts. The CCIRN adds that by working together, we can make this project an engine of economic growth and sustainable development that will benefit everyone.

The press release refers in particular to (i) the major economic and social benefits from the Horne 5 Project, (ii) Falco's commitment to transparency and security, (iii) the fact that the Horne 5 Project is a promising project for regional expertise in Rouyn-Noranda and Abitibi Témiscamingue, and (iv) Falco's vision of sustainable and inclusive development that will allow the community to fully benefit from the advantages of the Project, while ensuring responsible management of social and environmental impacts. The CCIRN press release is available at the following link: CCIRN PRESS RELEASE

Falco is actively continuing its discussions with its experts and stakeholders in order to carry out a project that will meet environmental and social expectations.

About Falco Resources

Falco is one of the largest mineral claim holders in the province of Quebec, with an extensive portfolio of properties in the Abitibi-Témiscamingue greenstone belt. Falco holds rights to approximately 67,000 hectares of land in the Noranda Mining Camp, which represents 67% of the camp as a whole and includes 13 former gold and base metal mining sites. Falco's main asset is the Horne 5 project located beneath the former Horne mine, which 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, with a 16% interest in the Company.

For more information, please contact:
Hélène Cartier
Vice-President, Environment, Sustainable Development and Community Relations
514-216-8611
hcartier@falcores.com

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

Neither 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 release.

Cautionary Statement on Forward-Looking Information

This news release contains forward-looking statements and forward-looking information (together, " forward-looking statements ") within the meaning of applicable Canadian securities laws. Statements, other than statements of historical facts, may be forward-looking statements. Often, but not always, forward-looking statements can be identified by words such as "plans", "expects", "seeks", "may", "should", "could", "will", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", or variations including negative variations thereof of such words and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Without limiting the generality of the foregoing statements, the Corporation obtaining all required governmental and regulatory approvals, the benefits of the Horne 5 Project for the local community and the completion of a project that will meet environmental and social expectations are forward-looking statements. Forward- looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual plans, results, performance or achievements of Falco to differ materially from any future plans, results, performance or achievements expressed or implied by the forward-looking statements. These risk and uncertainties include, but are not limited to, the risk factors set out in Falco's annual and/or quarterly management discussion and analysis and in other of its public disclosure documents filed on SEDAR+ at www.sedarplus.ca, as well as all assumptions regarding the foregoing. 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.

News Provided by GlobeNewswire via QuoteMedia

tsxv:fpc fpc:cc base metals investing Base Metals Investing

FPC:CC

Falco Engages Nettlehurst Capital Advisors Inc.

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 Nettlehurst Capital Advisors Inc. (" NCA ") pursuant to which NCA has agreed to provide certain advisory services to the Corporation, including advice on capital markets, in accordance with Policy 3.4 of the TSX Venture Exchange (the " Exchange ").

Under the engagement, NCA will be paid a fee of $5,000 per month for the services it will render starting on February 5 ^th , 2025, for an initial six-month term, (the " Initial Term "). The Agreement can be extended for subsequent three-month terms following the Initial Term. There are no performance factors contained in the agreement and NCA will not receive common shares or options as compensation.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Falco Announces Extension of Certain Deadlines and Other Amendments Under the Silver Stream Transaction

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") is pleased to announce that the Corporation and Osisko Gold Royalties Ltd (" Osisko ") have entered into an amendment to the silver purchase agreement dated February 27, 2019 (the " Silver Stream ") relating to Falco's Horne 5 Project. The amendment postpones certain deadlines granted to Falco to achieve milestones set as conditions precedent to Osisko funding the remaining instalments of the stream deposit and certain other deadlines.

The amendment comprises additional changes to reflect the execution of the operating license and indemnity agreement (" OLIA ") with Glencore in January 2024, including that the funding of the second and third instalment of the stream deposit will be subject to Falco demonstrating that financial assurances in favour of Glencore under the OLIA can be satisfied. The amendment also increases the minimum equity financing required as a condition precedent to funding the second and third instalments to reflect inflation since the initial execution of the Silver Stream as well as a revised provision on the calculation of interest payable to Osisko once production has commenced or should commencement of production be postponed. A copy of the amendment has been filed under Falco's profile at www.sedarplus.ca .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Falco Horne 5 Mining Project Bape Report

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Company ") welcomes the report of the Bureau d'audiences publiques sur l'environnement (BAPE), in which the commission of inquiry brings to the attention of the relevant decision-making bodies various elements that require commitments, actions or modifications, with a view to issuing government authorizations. This commission examined the Falco Horne 5 mining project (the " Project ") from a sustainable development perspective, and, at this stage of the project's development, it is customary for the commission to request additional studies and analyses in order to clarify certain aspects of the Project. It is important to note that to date, more than 90% of the commission's opinions related to the Project have already been considered, planned or initiated. Falco has summarized its main findings in a summary of highlights .

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Falco Announces Election of Directors and Closing of Its Senior Debt Transactions

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") announces that the five (5) nominees listed in the management information circular dated November 4, 2024, were elected as directors of Falco.

Detailed results of the vote for the election of directors held at the annual and special meeting of shareholders on December 10, 2024, are set out below:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Red Metal Resources Planning 2025 Work Program on 100% Owned Hydrogen-Prospective Mineral Claim Package Spanning Quebec and Ontario

Red Metal Resources Ltd. (CSE: RMES) (OTC Pink: RMESF) (FSE: I660) ("Red Metal" or the "Company") is pleased to announce that it is planning a Phase 1 work program and data compilation for its recently acquired, 100% owned, portfolio of highly prospective mineral claims and mineral claim applications, consisting of seven separate claim packages, covering 172 mineral claims and totaling over 4,546 hectares.

These highly prospective claim packages are located to the North, Northeast and the Southwest of Quebec Innovative Materials Corp.'s ("QIMC") recent hydrogen-in-soil discovery in the Saint-Bruno-de-Guigues area, of over 1,000 ppm, announced on September 4^th 2024, as well as covering similar geology to the west located in the Larder Lake Mining District of Ontario, along the Quebec border near the town of Ville-Marie, QC.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

World Copper Enters into Letter Agreement to Sell Zonia Project

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") announces that the Company has entered into a binding letter agreement made as of February 12, 2025 (the "Letter Agreement") to sell its interest in the Zonia copper project located in the Walnut Grove Mining District, Yavapai County, Arizona ("Zonia" or the "Project") to an arm's length third party (the "Purchaser") in consideration for CAD $26.0 million cash (the "Purchase Price"), payable in tranches (the "Proposed Transaction").

The Letter Agreement provides for a 90-day due diligence period and sets forth the proposed commercial terms for the Proposed Transaction. It is currently expected that the Proposed Transaction will be effected by way of a share purchase and sale transaction pursuant to which the Purchaser would acquire all of the issued and outstanding shares of the Company's Arizona subsidiary, Cardero Copper (USA) Ltd. ("Subco"). Following completion of due diligence to the satisfaction of the Purchaser, the parties will have 15 days to enter into a definitive agreement. The payment of the Purchase Price shall be payable as to CAD $8.0 million to World Copper at closing of the Proposed Transaction (the "Closing"), an additional instalment of CAD $8.0 million on or before the 15-month anniversary of Closing, and a final instalment of CAD $10.0 million on or before the 30-month anniversary of Closing, subject to the Purchaser's right to accelerate the additional instalments. Until the payment in full of the Purchase Price, it is proposed that the shares of Subco will be held in escrow, and the Purchaser will grant World Copper a security interest over such shares and the Project. If the Purchaser fails to make any instalment payment for the Purchase Price, the shares of Subco will be returned to World Copper and the Purchaser would retain no interest in the Subco shares or the Project.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Silver47 Announces $3 Million Private Placement

Silver47 Exploration Corp. (TSXV: AGA) ("Silver47" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of units of the Company (the "Units"), at a price of $0.50 per Unit, for aggregate gross proceeds of up to $3 million (the "Private Placement").

Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to purchase one Common Share (each a "Warrant Share") at a price of $0.75 per Warrant Share for a period of 36 months after the closing date of the Private Placement.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Awalé Included in 2025 TSX Venture 50 List of Top Performing Companies

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to announce that it has been recognized as one of the top 50 performing companies on the TSX Venture Exchange ("TSXV").

TSX Venture 50 is an annual ranking of the top-performing companies over the last year on the TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. The companies are ranked based on three equally-weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

*ITEM N* ^o 1 Nominee	Votes Cast FOR	Percentage (%) of Votes Cast FOR	Votes AGAINST	Percentage (%) of Votes AGAINST
Mario Caron	117,113,938	99.637	426,433	0.363
Alexander Dann	109,446,599	93.114	8,093,772	6.886
Paola Farnesi	117,103,520	99.628	436,851	0.372
Luc Lessard	117,473,626	99.943	66,745	0.057
Chantal Sorel	113,119,685	96.239	4,420,686	3.761

*ITEM N* ^o 2	*Votes cast* *FOR*	Percentage (%) of Votes Cast FOR	Votes WITHHELD	Percentage (%) of Votes WITHHELD
Appointment and Remuneration of Auditor	122,925,232	99.311	852,564	0.689

*ITEM N* ^o 3	Votes Cast FOR	Percentage (%) of Votes Cast FOR	Votes AGAINST	Percentage (%) of Votes AGAINST
Ordinary resolution to approve the LTIP	101,288,332	86.173	16,252,039	13.827

*ITEM N* ^o 4	Votes Cast FOR	Percentage (%) of Votes Cast FOR	Votes AGAINST	Percentage (%) of Votes AGAINST
Ordinary resolution of disinterested shareholders to approve the amendment of the Osisko Loan and the issuance of the Osisko Warrants	70,256,713	99.844	109,858	0.156

Table 1 - StrategX Assay Results (2024)
Northing	Easting	Silver (Ag) ppm	Copper (Cu) ppm	Copper (Cu) %
488362	6903463	24.9	>10000	1.28
488374	6903459	54.5	>10000	5.11
488415	6903479	7.0	>10000	6.05
488440	6903303	0.7	336	0.03
488395	6903282	1.9	267	0.03
488384	6903272	1.4	661	0.06
488376	6903258	2.8	1320	0.13
488432	6903261	1.1	52.5	0.01
488444	6903278	0.6	249	0.03
488483	6903343	10.0	>10000	2.65
488559	6903391	42.6	>10000	10.10
488585	6903403	33.2	>10000	2.91

Falco Thanks the Rouyn Noranda Chamber of Commerce and Industry for Its Support

Falco Resources Investor Kit

GET YOUR FREE INVESTOR KIT

Investor Insight

Overview

Company Highlights

Key Project

Horne 5 Project

Management Team

Luc Lessard – President, Chief Executive Officer and Director

Anthony Glavac – Chief Financial Officer

Helene Cartier – Vice-president Environment, Sustainable Development and Community Relations

Mireille Tremblay – Vice-president Legal Affairs and Corporate Secretary

Mario Caron – Independent Chair

Alexander Dann – Non-independent Director

Paola Farnesi – Independent Director

Chantal Sorel – Independent Director

Latest News

Falco Resources Investor Kit

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

TOP STOCKS