Falco Resources Ltd. is pleased to announce that it has entered into an agreement with CIBC Capital Markets as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters pursuant to which the Underwriters have agreed to buy on a bought deal private placement basis, 25,000,000 Units at a price of C$0.40 per Unit, representing aggregate gross proceeds to Falco of C$10 million. Each Unit will consist of [...]
Falco Resources Ltd. is pleased to announce that it has entered into an option agreement with First Quantum Minerals Ltd. pursuant to which First Quantum grants the Corporation the sole and exclusive right to acquire an undivided one hundred percent ownership interest in the Norbec and Millenbach sites located in the vicinity of the City of Rouyn-Noranda . The Properties will serve as the Corporation's tailings management [...]
Falco Resources Ltd. is pleased to announce that it has entered into an agreement in principle with Glencore Canada Corporation establishing the framework of the terms and conditions pursuant to which the parties will enter into the Principal Operating License and Indemnity Agreement in order to enable Falco to develop and operate its flagship Horne 5 Project, as further described in the updated feasibility study filed on [...]
Falco Resources Ltd. is pleased to announce the release of its sustainability report, providing an overview of the Corporation's environmental, social and governance strategies, policies, and commitments, and highlighting the progress made in relation to its activities in Qu?bec, including its flagship Horne 5 Project, located in Rouyn-Noranda, Canada. Luc Lessard, President and Chief Executive Officer of the Corporation [...]
Falco Resources Ltd. is pleased to announce that it has closed the previously announced sale to Osisko Gold Royalties Ltd., of its portfolio of net smelter return royalties varying from 1% to 2%, for a cash consideration of CDN$700,000. The Royalties relate to, among others, properties known as Flavrian and Central Camp which are exploration properties surrounding the main Horne 5 properties. Related Party Transaction [...]
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 [...]
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