Falco Resources Ltd. (TSX.V: FPC) has confirmed the election of all five nominees listed in its November 4, 2025, management information circular to the Board of Directors. Alexander Dann has been appointed Chair of the Board, succeeding Mario Caron, who continues as lead director. Shareholders approved the appointment of PricewaterhouseCoopers LLP as auditor and reaffirmed the Company's rolling 10% long-term incentive plan.
Shareholders also approved amendments to the existing OR Royalties convertible secured senior loan, including the issuance of warrants. Falco further confirmed the closing of previously announced senior debt transactions with OR Royalties Inc. and Glencore Canada Corporation, effective December 31, 2025. These financial arrangements provide critical capital structure for the company's operations.
Falco is one of the largest mineral claim holders in the province of Québec, with an extensive portfolio of properties in the Abitibi-Témiscamingue greenstone belt. The company holds rights to approximately 63,000 hectares of land in the Noranda Camp, which represents 63% of the camp as a whole and includes 13 former gold and base metal mining sites. For more information about the company's operations, visit https://www.falcores.com/.
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 Falco's largest shareholder, with an approximate 16% interest in the Corporation. The leadership changes and financial approvals come at a crucial time as the company advances its mining projects in a historically productive region.
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These corporate developments signal Falco's strategic positioning for project advancement and operational execution. The board leadership transition, combined with shareholder-approved financial instruments, creates a foundation for capital deployment and project development. The mining sector continues to face complex regulatory and operational challenges, making strong governance and financial structuring essential for companies operating in resource-intensive industries.
The Horne 5 project represents significant potential in a region with established mining infrastructure and historical production success. The combination of experienced leadership, shareholder support for financial arrangements, and strategic positioning in Québec's mining landscape positions Falco for potential growth in the competitive mining sector. These developments occur as global demand for minerals continues to evolve with technological advancements and energy transition initiatives.
