Falco Reaches Another Major Milestone and Confirms Admissibility of Its Horne 5 Project’S Environmental Impact Assessment
For Immediate Release TSX.V - FPC
FALCO REACHES ANOTHER MAJOR MILESTONE AND CONFIRMS
ADMISSIBILITY OF ITS HORNE 5 PROJECT’S ENVIRONMENTAL IMPACT
ASSESSMENT
MONTREAL, March 27, 2024 - Falco Resources Ltd. (TSX.V: FPC) (“ Falco” or
the “Corporation”) is pleased to announce the receipt of confirmation of the admissibility of its
Environmental Impact Assessment (“ EIA”) for the Horne 5 Project located in Rouyn- Noranda
(the “Admissibility”) from the Ministry of the Environment, the Fight Against Climate Change,
Wildlife and Parks (“MEFCCWP”).
Since the initial EIA filing in 2018, Falco has completed extensive field work and studies, in
addition to providing the documentation in order to respond to questions and requests for
information raised by the MEFCCWP . Driven by ESG principles, the EIA was conducted by a
multidisciplinary team comprised of Falco’s employees, experts and partners, and highlights the
Horne 5 Project’s benefits and impacts on its physical, biological and human environments. The
EIA includes various measures to avoid, mitigate or compensate for these impacts , and to
enhance the project’s overall benefits, in a strong corporate governance environm ent. The EIA
and all related documentation are publicly available on the Environmental Assessment Register
of the MEFCCWP.
Luc Lessard, President and Chief Executive Officer of Falco noted: “In addition to the recent
conclusion of the Operating License and Indemnity Agreement with Glencore Canada Corporation
on January 23, 2024, the Horne 5 Project’s EIA Admissibility from the MEFCCWP constitutes
another significant milestone in advancing closer to the development and realization of the
Horne 5 Project. Falco’s team has been working extremely hard on the environmental permitting
process, and the EIA Admissibility provides the path forward for the advancement of the Project.
Although important steps remain, we strongly believe in the Horne 5 Project as a green and world-
class polymetallic project that will benefit the surrounding communities. We would like to thank
everyone involved at the MEFCCWP for their work and continued assistance throughout this
process. Falco would also like to thank the communities of Rouyn-Noranda for their engaged and
active participation and continuous support.”
Public Hearing Process
The EIA Admissibility allows Falco to progress towards the public hearing process to be
hosted by the Bureau d’audiences publiques sur l’environnement (“BAPE”) following the
issuance by the MEFCCWP of a BAPE mandate to conduct such public hearing process ,
which notably involves a 45-day public information period, beginning April 24, 2024, in addition
to a 4-month public hearing process. Falco’s stakeholders will be invited to this public
information period which will allow them to meet Falco’s team, ask questions and obtain
information on the Horne 5 P roject. For more information, please refer to the following
MEFCCWP link: https://www.ree.environnement.gouv.qc.ca/index.asp
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Since 2019, Falco has been interacting and working with its host milieu and stakeholders,
including its Consultation Committee. The comments, questions and ideas collected during these
discussions have helped Falco gain a better understanding of the challenges and concerns of our
stakeholders in order to develop a proposal for the Horne 5 Project that foster s the harmonious
cohabitation of all stakeholders in the region with this mining project of a new generation.
Hélène Cartier, Vice President, Environment , Sustainable Development and Community
Relations added: “We are extremely grateful to our stakeholders and host communities, who
participate in our consultation activities and initiatives, allowing us to develop a great project for
the Rouyn-Noranda region. We remain committed to continuing to develop a collaborative project
and making it a source of pride for our communities. Our team is ready and proud to initiate the
BAPE process.”
About Falco
Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Québec, with
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 th e entire camp and includes
13 former gold and base metal mine sites. Falco’s principal asset is the Horne 5 Project located
under the former Horne mine that 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 owning a 17.3% interest in the Corporation.
For further information, please contact:
Luc Lessard
President and Chief Executive Officer
514 261-3336
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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (together, “forward-looking
statements”) within the meaning of applicable securities laws , in particular Falco’s ability to complete the BAPE, to
obtain receipt of permits and approvals required to develop the Horne 5 Project and the ability of Falco to efficiently
develop and operate the Horne 5 Project based on the terms of the O perating License and Indemnity Agreement
concluded with Glencore Canada Corporation (“OLIA”). 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 ris k
factors, including, without limitation, the ability of Falco to provide the financial assurance guarantees required by the
OLIA and the exercise by Glencore Canada of rights under the OLIA which could affect the development and operation
of the Horne 5 Project, together with the other risk factors identified in Falco’s Annual Information Form and 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 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.