Falco Resources ( (TSE:FPC) ) has shared an update.
Falco Resources announced updates regarding the Horne 5 Project, receiving clarification from the Ministry of Environment on the project’s evaluation process. The Ministry’s correspondence confirmed that the list of additional questions is standard procedure, and no conclusions about the project’s acceptability have been drawn yet. Falco has submitted responses to these questions and continues discussions with the Ministry to secure necessary authorizations. An independent survey indicates strong public support for the project in Rouyn-Noranda and Abitibi-Témiscamingue, with 72% and 74% approval rates, respectively. Despite this support, Falco acknowledges the uncertainty of securing funding and government approvals.
More about Falco Resources
Falco Resources is a significant holder of mining titles in Québec, with a portfolio in the Abitibi greenstone belt. It controls approximately 67,000 hectares in the Noranda Mining Camp, which includes 13 former gold and base metals mining sites. Its main asset is the Horne 5 project, located beneath the former Horne mine, a site with a rich history of gold and copper production. Osisko Development Corp. is its largest shareholder.
YTD Price Performance: -25.00%
Average Trading Volume: 205,727
Technical Sentiment Signal: Buy
Current Market Cap: C$68.43M
See more data about FPC stock on TipRanks’ Stock Analysis page.