Falco Commits to a Partnership with the Collectif Territoire for the Rehabilitation of Lac Osisko
Falco advances permitting and strengthens community ties while facing a wide capital gap for its projects.
Falco Resources Ltd. announced a three-year, $90,000 financial partnership with the Collectif Territoire to support the rehabilitation of lac Osisko and community mobilization in Rouyn-Noranda. The release confirms the Government of Québec’s environmental assessment for the Horne 5 Project is at an advanced stage, with completion expected in fall 2026.
Falco reiterated core project economics, citing a $1.75 billion initial investment, a 15-year mine life, 500 permanent jobs, and over $4.4 billion in taxes and mining duties. Independent experts validated that mining operations and mitigation measures are compatible with the safety and continuity of the Rouyn-Noranda Radiation Oncology Centre. The next regulatory step is the completion of the environmental assessment, followed by a government decision on the authorization decree.
Falco Resources Ltd. (FPC) announced expected, incremental progress on its permitting timeline and community relations. The announcement does not introduce new financial data, alter project economics, or change the capital raise requirements.
Addressing the hospital proximity concern is a necessary regulatory step that had been flagged in prior BAPE reports. Its resolution reduces near-term permitting uncertainty but does not accelerate the project timeline or de-risk the massive capital requirement.
The market was already pricing in a fall 2026 environmental assessment completion, and the company has been actively managing community relations.
Falco Resources Ltd. (FPC) is advancing the Horne 5 Project, a large-scale underground polymetallic deposit situated beneath the historic Horne mine in Rouyn-Noranda, Québec. The project targets gold, copper, zinc, and silver production over a minimum 15-year life of mine.
Base-case economics from the June 2026 Feasibility Study project an after-tax NPV5% of $3.35 billion, an after-tax IRR of 28.2%, and an average annual gold production of 220,300 payable ounces at a competitive AISC of US$782/oz. The project benefits from existing regional infrastructure, a skilled workforce, and by-product credits from copper and zinc.
Falco holds rights to approximately 60,000 hectares in the Noranda camp, including 13 former mine sites, positioning it as a significant landholder in a world-class mining district.