Falco Resources Ltd. (TSX.V: FPC) has confirmed the election of all five nominees to its Board of Directors and announced leadership changes following its recent shareholder meeting. Alexander Dann has been appointed Chair of the Board, succeeding Mario Caron, who will continue as lead director. The company also reported that shareholders approved the appointment of PricewaterhouseCoopers LLP as auditor and reaffirmed the rolling 10% long-term incentive plan.
Shareholders 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 the company with additional capital to advance its mining projects in Québec.
Falco is one of the largest mineral claim holders in 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, representing 63% of the camp and including 13 former gold and base metal mining sites. 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 company's website at https://www.falcores.com/ provides additional information about its operations and projects. The recent governance and financial approvals position Falco to continue developing its significant mineral holdings in one of Canada's most productive mining regions.
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