Falco Resources Ltd. is pleased to announce the filing of the updated feasibility study report prepared in accordance with National Instrument 43-101 Respecting Standards of Disclosure for Mineral Projects for the Corporation's Horne 5 Gold Project located in Rouyn-Noranda. The highlights of the Report were previously announced in a news release dated March 24, 2021 and its effective date is March 18, 2021. The Report is [...]
Falco Resources Ltd. is pleased to announce that it has concluded an agreement with Osisko Gold Royalties Ltd., to sell its portfolio of net smelter return royalties varying from 1% to 2% which were acquired on April 12, 2021 from IAMGOLD Corporation pursuant to the exercise of a right of first refusal it held over the Royalties. The Royalties relate to, among others, properties known as Flavrian and Central Camp and [...]
Falco Resources Ltd. announces that, pursuant to the exercise of a right of first refusal, it has bought back, a portfolio of net smelter return royalties varying from 1% to 2% from IAMGOLD Corporation relating to, among others, properties known as Flavrian and Central Camp. Such properties are not part of the Horne 5 properties. In consideration for the IAMGOLD NSR, IAMGOLD received a cash amount of US$500,000. About [...]
Falco Resources Ltd. is pleased to announce the results of the updated feasibility study , prepared in accordance with National Instrument 43-101 Respecting Standards of Disclosure for Mineral Projects for the Corporation's Horne 5 Gold Project located in Rouyn-Noranda. The UFS was updated to reflect the improved commodity prices, the silver stream financing arrangement with Osisko Gold Royalties Ltd. and the copper and [...]
Falco Resources Ltd. announces that both Mr. Benoit Brunet and Ms. Angelina Mehta have resigned as members of the Board of Directors, so that they may focus their efforts on their new professional opportunities. The Corporation also is pleased to report that Mr. Alexander Dann has joined the Board of Directors. Mr. Bryan A. Coates, Chair of the Board of Directors of Falco, stated: "We would like to thank Mr. Brunet and [...]
Falco Resources Ltd. Falco" or the "Corporation") is pleased to announce that it will be participating in two upcoming conferences. BMO 30TH GLOBAL METALS & MINING CONFERENCE Virtual Edition March 1-5, 2021 BMO Global Metals & Mining Conference is one of the sector's premier events. This five-day invitation-only conference brings together mining industry leaders and institutional investors from around the globe. Luc [...]
Falco Resources Ltd. is pleased to announce that significant progress has been made on the previously announced work plan collaboration with Glencore Canada Corporation . On October 27, 2020, Falco announced that the Work Plan would include additional technical work, modelling and studies towards the further identification, mitigation and allocation of risks at its flagship Horne 5 Project, located in Rouyn-Noranda [...]
Falco Resources Ltd. is pleased to announce the successful completion of its previously announced extension to the maturity of the Corporation’s existing senior secured loan with Osisko Gold Royalties Ltd. from December 31, 2020 to December 31, 2022. Senior Loan Amendment Under the terms of the extension of the maturity date of the Senior Loan , the Senior Loan was amended to become convertible after the first anniversary [...]
Falco Resources Ltd. announces that the seven nominees listed in the management information circular dated October 13, 2020, were elected as directors of Falco. Detailed results of the vote for the election of directors held at the annual meeting of shareholders on November 18, 2020 are set out below: ITEM No1 Nominee Votes Cast FOR Percentage of Votes Cast FOR Votes WITHHELD Percentage of Votes WITHHELD Benoit Brunet [...]
Falco Resources Ltd. is pleased to announce that it has entered into a binding agreement with Osisko Gold Royalties Ltd. in order to extend the maturity of the Corporation’s existing senior secured loan from December 31, 2020 to December 31, 2022. Together with capitalized interest, the principal amount outstanding under the Senior Loan as of November 17, 2020 is $17,596,136. Senior Loan Amendment In consideration for the [...]
Falco Resources Ltd. is pleased to announce that it launches its video on the Horne 5 Project in Rouyn-Noranda, Qu?bec. The video is now available on the Company’s website at https://www.falcores.com/en/investors/media/ and various social media platforms. The video presents the Horne 5 Project, which is located in the heart of Rouyn-Noranda, a vibrant city and the cradle of mining development in northwestern Quebec [...]
Falco Resources Ltd. is pleased to announce that it has entered into agreements with Glencore Canada Corporation and its affiliated companies related to its flagship Horne 5 Project, located in Rouyn-Noranda, Qu?bec. The agreements include a $10 million senior secured convertible debenture bridge financing to fund the continued advancement of the Horne 5 Project and life of mine copper and zinc concentrate offtake [...]
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