Falco Announces Creation of Technical and Strategic Committees With Glencore Canada Corporation
26 Agosto 2024 - 7:15AM
Falco Resources Ltd. (TSX.V: FPC) (“
Falco” or
the “
Corporation”) is pleased to announce the
creation and establishment of Technical and Strategic Committees
(collectively the “
Committees”), as contemplated
by the terms of the Operating Licence and Indemnity Agreement
(“
OLIA”) concluded with Glencore Canada
Corporation (“
Glencore”) on January 23, 2024.
The creation of the Committees confirms the
parties’ recognition that the successful development, construction,
operation and closure of the Falco Horne 5 Project in a manner that
ensures the safety and operational integrity of the Horne Smelter
operations, requires coordination and communication between Falco
and Glencore at multiple levels.
Technical Committee
The Technical Committee will focus among others,
on determining ongoing operating parameters within which Falco can
conduct operations of the Falco Horne 5 Project so as to (i) not
interfere with the Horne Smelter, (ii) minimize and control risks
to the Horne Smelter, (iii) determine and adopt mitigation measures
as required, (iv) determine further monitoring, data collection
and/or studies as required and (v) determine any other matters with
respect to potential risks to the Horne Smelter from Falco’s
operations.
The Technical Committee will be composed of four
members as follows:
Mr. Wouter Vanaarde, Engineering Manager -
GlencoreMs. Marie-Élise Viger, Environnemental Manager -
GlencoreMr. Luc Lessard, President and CEO - FalcoMs. Hélène
Cartier, Vice President, Environment, Sustainable Development and
Community Relations – Falco
Strategic Committee
The Strategic Committee will be a forum for
discussion and the exchange of information on matters of strategic
importance to the interaction of the development, construction,
operation and closure of the project with the Horne Smelter
operations, the search for synergies, matters relating to community
and regulatory agency engagement and stakeholder concerns and the
sharing of information on the Falco Horne 5 Project and Horne
Smelter.
The Strategic Committee will be composed of
three members as follows:
Mr. Danny Tremblay, Manager for Commercial &
Recycling Sites Operations - GlencoreMr. Luc Lessard, President and
CEO - FalcoMs. Hélène Cartier, Vice President, Environment,
Sustainable Development and Community Relations - Falco
The Committees are composed of experienced
professionals with extensive experience in various areas including
environment, construction, development and production, and most of
whom have been collaborating closely over the past years.
Luc Lessard, President and Chief Executive
Officer of Falco commented: “The creation of the Committees
reflects the parties’ continued dedication and extensive
collaboration to pursue and prepare, within the framework
established by the OLIA, a solid foundation for the project’s next
development phase. We would like to thank everyone involved at
Glencore for their work, continued assistance and engaged
participation, in addition to their support of the Falco Horne 5
Project.”
As previously announced by the inquiry
commission of the Bureau of Public Hearings on the Environment
(BAPE), the first part of the public hearing on the Falco Horne 5
Project will commence on August 27, 2024 at 7 p.m. The hearing will
continue on August 28, 2024, at 1:30 p.m. and 7 p.m., and
other sessions could be added as required. Falco’s team and experts
are looking forward to initiating this formal process of the
BAPE.
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 the entire camp and includes 13 former
gold and base metal mine sites. Falco’s principal asset is the
Falco 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 16.7% interest in the
Corporation.
For further information, please
contact:
Luc LessardPresident and Chief Executive
Officer514 261-3336info@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.
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, including reference to the
development, construction, operation and closure of the Falco Horne
5 Project, the mitigation of risks and interference to the Horne
Smelter of Glencore and the ability of Falco to successfully
develop the Falco Horne 5 Project in compliance with the terms of
the 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 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 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.
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