Environmental Authorization

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Falco Files Requested Documentation for the Horne 5 Project’s Environmental Authorization Process
Globenewswire· 2025-05-12 10:25
Core Viewpoint - Falco Resources Ltd. has successfully addressed all inquiries from the Direction de l'évaluation environnementale regarding the Horne 5 project, moving closer to obtaining environmental authorization [1][2][5]. Group 1: Project Development - The responses submitted by Falco will assist the Ministry in completing its analysis of the Horne 5 project in accordance with standard evaluation processes [2]. - The Ministry is currently analyzing its interpretation of section 197 of the Clean Air Regulations, with expectations for clarity in the coming weeks [3]. - A technical committee has been formed by the Abitibi-Témiscamingue Public Health Department to assess potential risks posed by the project to local health facilities [4]. Group 2: Company Background - Falco Resources is a significant holder of mining titles in Québec, with approximately 67,000 hectares of land in the Noranda Mining Camp, representing 67% of the area [6]. - The Horne 5 project is located beneath the former Horne mine, which historically produced 11.6 million ounces of gold and 2.5 billion pounds of copper [6]. - Osisko Development Corp. is the largest shareholder of Falco, holding a 16.0% interest in the company [6]. Group 3: Stakeholder Support - Recent independent surveys indicate strong majority support for the Horne 5 project within the Rouyn-Noranda and Abitibi-Témiscamingue regions [5].