Sightful Invest
  • Business
  • Investing
  • Politics
  • Stock
Top Posts
Michelle Obama facing backlash over claim about women’s...
Hamas agrees to release 10 more hostages
ROBERT MAGINNIS: 9 signs Beijing’s Taiwan invasion may...
Iran condemns Austria over report on advanced nuclear...
Israel hostage deal in doubt as Hamas adds...
White House urges Iran to accept nuclear deal...
Trump warns Rand Paul he’s playing into ‘hands...
Senate Republicans eye changes to Trump’s megabill after...
Trump shares post saying Biden was executed, replaced...
House Dems’ campaign chair says her party’s ‘on...
  • Business
  • Investing
  • Politics
  • Stock

Sightful Invest

Investing

Horne 5 Project Update

by admin March 26, 2025
March 26, 2025
Horne 5 Project Update

Falco Resources Ltd. (TSX.V: FPC) (‘ Falco ‘ or the ‘ Corporation ‘) announced today that since its March 3 rd press release (the ‘ March 3 rd Press Release ‘), the Corporation has received complementary correspondence (the ‘ Complementary Correspondence ‘) from the Direction de l’évaluation environnementale des projets industriels et minières, at the Ministère de l’Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the ‘ Ministry ‘), which aims to clarify the Ministry’s position regarding the ongoing process regarding the Horne 5 Project (the ‘ Project ‘).

The Complementary Correspondence confirms, among other things, that the list of comments and questions previously received and discussed in the March 3 rd Press Release (the ‘ Additional Questions ‘) is part of the standard process and that at this stage of the process, as with any other project, no conclusions can be drawn, whether regarding the acceptability or otherwise of the Project or the recommendation that may subsequently be made to the Minister.

The Ministry’s position regarding its interpretation of section 197 of the Clean Air Regulations (‘ CAR ‘) was not reiterated in the Complementary Correspondence. The Complementary Correspondence specifies that ‘ only the responses that the Corporation is invited to provide to the Ministry will allow the analysis to continue in accordance with the usual process.’ The Corporation understands that the Ministry’s position regarding its interpretation of section 197 of the CAR remains under review. The Corporation submitted responses to the additional questions, along with an explanatory letter to the Ministry on March 21, 2025.

Luc Lessard, President and CEO of Falco, commented: ‘ Falco continues its discussions with representatives of the Ministry with the aim of obtaining the necessary authorizations to continue the Project. ‘

Furthermore, the results of the recently conducted independent survey show that the Corporation enjoys strong majority support in Rouyn-Noranda, where 72% of respondents are in favor of the Horne 5 Project, as well as in Abitibi-Témiscamingue, where support reaches 74%. These results demonstrate significant public support for the Project. For more information about the survey, refer to the Corporation’s press release dated March 18, 2025, by clicking on the following link. https://bit.ly/4hQlLNM

The Corporation reiterates that there is no certainty or guarantee that Falco will be able to raise the necessary funds to pursue the Project or that the Project will obtain the required government authorizations.

About Falco

Falco Resources is one of the largest holders of mining titles in the province of Québec, with a large portfolio of properties in the Abitibi greenstone belt. Falco holds rights to approximately 67,000 hectares of land in the Noranda Mining Camp, representing 67% of the entire camp and including 13 former gold and base metals mining sites. Falco’s principal 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 16.0% interest in the Corporation.

For further information, please contact:

Luc Lessard
President and Chief Executive Officer
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 Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, ‘ forward-looking statements ‘) within the meaning of applicable securities laws. These statements include references to the social acceptability of the Project, the Ministry’s interpretation of section 197 of the CAR, the issues identified in the course of the BAPE process and noted by the Ministry, the development of the Horne 5 Project and the granting of environmental authorizations. 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 risk factors identified in Falco’s annual management’s discussion and analysis and in other 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 press release, and no assurance can be given that such events will occur in the disclosed time frames or at all. As mentioned by Falco in its public disclosure and in its previous press releases, certain major issues have been raised by the Ministry in the context of the development of the project and in the BAPE process, including the compliance of the Project with section 197 of the CAR. There is no certainty or guarantee that the Ministry will change its position regarding the application of section 197 of the CAR to the Project, that Falco will be able to respond to the numerous additional requests from the Ministry in a timely manner or that Falco will be able to raise the necessary funds to continue the additional studies requested by the Ministry, which could significantly delay or prevent the granting of the required authorizations and therefore have an adverse impact on the development of the Project and on Falco’s financial situation. 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.

News Provided by GlobeNewswire via QuoteMedia

This post appeared first on investingnews.com

previous post
Rio Silver Acquires the Minas Maria Norte Project in a Prolific Mining District in Southern Peru
next post
SCRi Announces Seventh Consecutive Quarter of Revenue Growth Averaging 300% Year on Year

You may also like

PDAC Urges Long-term METC Extension Ahead of 2025...

April 3, 2025

Newmont to Sell Éléonore Gold Mine in Québec...

November 27, 2024

High Grade surface silver results up to 920g/t...

May 15, 2025

SAGA Metals Completes Final Preparations for Maiden Drill...

January 27, 2025

Stunalara Acceptances Reach 54%

March 14, 2025

First Quantum Introduces Voluntary Retirement Scheme Amid Cobre...

September 18, 2024

Feedback of U.S. Department of Defense Award Funding

May 19, 2025

Coniagas Battery Metals Identifies Cobalt-Copper Concentrates for Processing...

August 6, 2024

Mining Industry’s Exploration Spending Lagging, Will Budgets Grow...

March 19, 2025

Global AI Safety Network to Address Opportunities and...

September 23, 2024

Recent Posts

  • Michelle Obama facing backlash over claim about women’s reproductive health
  • Hamas agrees to release 10 more hostages
  • ROBERT MAGINNIS: 9 signs Beijing’s Taiwan invasion may be imminent
  • Iran condemns Austria over report on advanced nuclear weapons program
  • Israel hostage deal in doubt as Hamas adds demands, US envoy calls terms ‘unacceptable’

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (752)
    • Investing (2,219)
    • Politics (2,748)
    • Stock (4)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sightfulinvest.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 Sightful Invest. All Rights Reserved.