Falco Resources Engages Community for Horne 5 Project Vitality

Community Engagement on the Horne 5 Project

MONTREAL — Falco Resources Ltd (TSX.V: FPC) extends heartfelt gratitude to all organizations, businesses, and community members who participated in the recent hearings by the Office of Public Hearings on the Environment (BAPE). These hearings provided an invaluable platform for diverse voices to contribute to the discussion surrounding the Horne 5 Project.

A Venue for Collective Voices

During these critical public hearings, over 90 briefs were submitted, allowing participants to express their perspectives on the project. This significant engagement underscores a communal commitment to the future of Rouyn-Noranda and promotes a transparent dialogue between Falco Resources and local stakeholders.

Welcoming Support and Addressing Concerns

Falco Resources truly values the collective support shown by participants and is equally attentive to the concerns raised during this process. The second session of hearings was noted for its respectful and constructive atmosphere, reflecting the community’s dedication to planning for a sustainable future.

Planning for Responsible Development

The feedback gathered from these hearings plays a pivotal role in shaping the path forward for the Horne 5 Project. Falco plans to analyze all submissions carefully, paving the way for discussions with the Advisory Committee to address the insights and suggestions brought forth by the community.

Innovative Initiatives for Environmental Care

Falco is committed to an innovative approach that emphasizes rigorous ecological planning to alleviate environmental pressures. Many community members are already showing interest in collaborating for a sustainable development strategy, a testament to the positive response this proactive approach has generated.

Leadership Voices on Community Concerns

Hélène Cartier, Vice-President of Environment, Sustainable Development, and Community Relations, emphasized the importance of the community's voice. She stated, "The concerns expressed have been legitimate and we are keen to optimize our project based on this valuable feedback. The community’s readiness to prepare signifies a robust partnership moving forward. Our sincere gratitude goes to all participants and the commissioners who facilitated this important process."

Commitment from Company Leadership

Luc Lessard, President and CEO, acknowledged the significance of the input received: "We treat all information from participants with utmost diligence. The insights gained will enhance the project and benefit our communities. The Horne 5 Project holds remarkable potential not only as an economic catalyst but also as a social cornerstone for Rouyn-Noranda."

Anticipating Future Steps

The BAPE report is due for submission to the relevant minister by the end of December. Its findings are anticipated to provide further direction for the project during the approach to mid-January. This timeline is crucial as it allows for continued engagement with the community and stakeholders.

About Falco Resources

Falco Resources Ltd. stands as one of the largest mineral claim holders in Québec, boasting extensive land in the renowned Abitibi Greenstone Belt. With around 67,000 hectares in the Noranda Mining Camp, representing 67% of the entire area, Falco's primary asset is located under the site of the historical Horne Mine, which operated from 1927 to 1976, yielding significant amounts of gold and copper. Osisko Development Corp. is presently the largest shareholder, holding a 16.7% interest in the corporation.

Contact Information

For further inquiries, please contact:
Luc Lessard
President, Chief Executive Officer, and Director
514-261-3336
info@falcores.com

Frequently Asked Questions

What is the Horne 5 Project?

The Horne 5 Project involves exploring and developing mineral resources underlying the former Horne mine in Rouyn-Noranda, a site with a history of significant production.

What concerns were raised during the BAPE hearings?

Participating community members expressed various concerns about environmental impacts and shared suggestions for sustainable development strategies.

How is Falco Resources addressing community input?

Falco Resources is analyzing feedback from the hearings and plans to engage with its Advisory Committee to address concerns and implement solutions collaboratively.

What is the timeline for the BAPE report?

The BAPE report is expected to be submitted by the end of December, with publication scheduled for mid-January, which will inform the next steps for the project.

How can the community stay involved?

The community is encouraged to remain engaged through continuous dialogues with Falco Resources, as the company is committed to implementing environmentally friendly practices and developing beneficial social programs.

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