{"id":17657,"date":"2025-05-12T13:54:35","date_gmt":"2025-05-12T13:54:35","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/05\/12\/falco-files-requested-documentation-for-the-horne-5-projects-environmental-authorization-process\/"},"modified":"2025-05-12T13:54:35","modified_gmt":"2025-05-12T13:54:35","slug":"falco-files-requested-documentation-for-the-horne-5-projects-environmental-authorization-process","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/05\/12\/falco-files-requested-documentation-for-the-horne-5-projects-environmental-authorization-process\/","title":{"rendered":"Falco Files Requested Documentation\u00a0for the Horne 5 Project\u2019s Environmental Authorization Process"},"content":{"rendered":"<\/p>\n
\n

Falco Resources Ltd. (TSX.V: FPC) (\u2018 Falco \u2018 or the \u2018 Corporation \u2018) is pleased to announce that it has responded to all questions and comments requested by the Direction de l\u2019\u00e9valuation environnementale (\u2018 DEE \u2018) des projets industriels et miniers on February\u00a027, 2025 (the \u2018 Correspondence \u2018), as more fully described in Falco\u2019s press release dated March 3, 2025.<\/p>\n

The responses, commitments, and explanatory letter submitted (the \u2018 Responses <\/strong> \u2018) follow the meetings and clarifications obtained from representatives of the Minist\u00e8re de l\u2019Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs (the \u2018 Ministry <\/strong> \u2018) and other ministries, regarding the principal issues raised by the Horne 5 project (the \u2018 Project <\/strong> \u2018), in the Correspondence. The Responses will allow the Ministry to complete its analysis in accordance with the standard evaluation process. <\/p>\n

Advancement of Certain Issues <\/strong>
Regarding the Ministry\u2019s interpretation of section 197 of the Clean Air Regulations <\/em> (\u2018 CAR <\/strong> \u2018), the Ministry representatives are continuing their analysis, and Falco is confident that the Ministry\u2019s position on this issue will be known in the coming weeks. For more information, refer to the Corporation\u2019s press release dated March 3, 2025, by clicking on the following link . <\/p>\n

Regarding the potential impacts of the Project on the Centre de radio-oncologie r\u00e9gional de Rouyn-Noranda (Rouyn-Noranda Regional Radiation Oncology Centre), la Direction de sant\u00e9 publique de l\u2019Abitibi-T\u00e9miscamingue (the Abitibi-T\u00e9miscamingue Public Health Department) confirmed that it has selected its seismologist expert to form part of its technical committee of experts who will work to assess the risks posed by the Project on the equipment, structures, and activities of the Centre int\u00e9gr\u00e9 de la sant\u00e9 et de services sociaux de l\u2019Abitibi-T\u00e9miscamingue (the Abitibi-T\u00e9miscamingue Integrated Health and Social Services Centre) and to identify mitigation measures to ensure the safety and proper operation of the facilities and activities. A first meeting of the technical committee will be held in the coming weeks. <\/p>\n

Luc Lessard, President and CEO of Falco, commented: \u2018 I would like to thank our employees and experts for the work they have done to enable the submission of responses to the Ministry, which brings us closer to a conclusion regarding the environmental authorization process for our Horne\u00a05 Project. Falco believes that the Ministry has all the relevant information to complete its analysis and make its recommendation to the Members of Cabinet. <\/em> \u2018 <\/p>\n

As previously disclosed, the results of the independent survey recently conducted by L\u00e9ger demonstrate strong majority support for the Project in Rouyn-Noranda and Abitibi-T\u00e9miscamingue. <\/p>\n

About Falco <\/strong>
Falco Resources is one of the largest holders of mining titles in the province of Qu\u00e9bec, 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\u2019s 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\u2019s largest shareholder with a 16.0% interest in the Corporation. <\/p>\n

For further information, please contact: <\/strong>
Luc Lessard
President and Chief Executive Officer
514 261-3336
info@falcores.com <\/p>\n

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. <\/em><\/p>\n

Cautionary Note Regarding Forward-Looking Statements <\/strong><\/p>\n

This press release contains forward-looking statements and forward-looking information (collectively, \u2018 <\/em> forward-looking statements <\/em><\/strong> \u2018) within the meaning of applicable securities laws. These statements include references to the social acceptability of the Project, the Ministry\u2019s 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\u2019s 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\u2019s annual management\u2019s discussion and analysis and in other continuous disclosure documents available at <\/em> www.sedarplus.com <\/em> . <\/em><\/p>\n

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\u2019s 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. <\/em><\/p>\n<\/p>\n<\/p>\n<\/div>\n

News Provided by GlobeNewswire via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Falco Resources Ltd. (TSX.V: FPC) (\u2018 Falco \u2018 or the \u2018 Corporation \u2018) is pleased to announce that it has responded to all questions and comments requested by the Direction de l\u2019\u00e9valuation environnementale (\u2018 DEE \u2018) des projets industriels et miniers on February\u00a027, 2025 (the \u2018 Correspondence \u2018), as more fully described in Falco\u2019s press […]<\/p>\n","protected":false},"author":0,"featured_media":17658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-17657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/17657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=17657"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/17657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/17658"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=17657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=17657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=17657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}