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A positive exercise for Falco
MONTREAL, June 10, 2024 (GLOBE NEWSWIRE) — Falco Resources Ltd. (TSX.V: FPC) (“Falco« or the »Company« ) would like to thank all those who participated and enriched the discussions during the public information period of the Bureau d’audiences publique sur l’environnement (BAPE) and reiterates its commitment to working in close collaboration with the community, the groups environmental authorities and the authorities for the success of Falco’s Horne 5 project (« Falco Horne 5 Project« or the »Project »).
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This information period, which was held from April 24 to June 10, 2024, allowed citizens, groups, the municipality and organizations to become aware of 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.
April 23rd, Falco officially wrote to the responsible minister and requested a public review from the BAPE on Falco’s Horne 5 project. By adding his voice to those of the municipality of Rouyn-Noranda and several local organizations, Falco stressed the importance of holding public hearings for this major project.
Hélène Cartier, Vice-President, Environment, Sustainable Development and Community Relations, declared: “We firmly believe that the active participation of the community and various stakeholders is essential to the development of Falco’s Horne 5 project. Holding public consultation hearings through the BAPE will ensure a neutral consultation process with greater transparency and guarantee that citizens’ concerns are heard and responded to..”
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Luc Lessard, President and CEO declared: “We would like to express our sincere gratitude to the community for their participation in the public information period. Your commitment and contribution demonstrate the importance placed by the community in ensuring that the project is developed collaboratively and for the benefit of all communities. Integrated into its environment, Falco’s Horne 5 project should generate social and economic benefits for future generations and thus contribute to the development of Rouyn-Noranda and the entire Abitibi-Témiscamingue region..”
At the end of this public information period, a report will be sent to the minister and distributed on the BAPE’s digital platforms. A decision by the Minister of the Environment, the Fight against Climate Change, Wildlife and Parks will be made regarding the obligation to hold a public review of the BAPE on the social, ecological and economic aspects of the Project.
Falco would like to emphasize that it took note of each of the concerns raised during the public information session and once again invites the population to come and meet the team at Espace Falco, premises located at 157 avenue Principale, in Rouyn-Noranda.
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About
Falco
Resources
Ltd.
Falco Resources Ltd. is one of the largest mining claim holders in the province of Quebec, owning 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 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 the largest shareholder of Falco and holds a 17.3% interest in the Company.
For
further
information,
please
contact:
Luc Lessard
President and CEO
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.
Precautionary
Statement
on
Prospective
Information
This press release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements) within the meaning of applicable securities laws, in particular Falco’s ability to complete the BAPE, obtain receipt of permits and approvals required to develop Falco’s Horne 5 Project and Falco’s ability to effectively develop and operate Falco’s Horne 5 project based on the terms of the operating license and compensation agreement (“OLIA« ) entered into with Glencore Canada Corporation (« Glencore Canada« ). These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. The occurrence of such events or the making of such representations 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 Glencore Canada’s exercise of rights under the OLIA. that could affect the development and operation of Falco’s Horne 5 Project, as well as 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 speak only as of the date of this press release, and no warranty cannot be given that such events will occur within the disclosed time frame or at all. Except as required by applicable law, Falco disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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