- CEO
- Luc Lessard
- Full Time Employees
- 502
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 1100, avenue des Canadiens-de-MontrEal Montreal QC Canada H3B 2S2
- IPO Date
- Aug 14, 2014
- Business
- Falco Resources Ltd. is a Canada-based mineral exploration and development company focused on advancing its polymetallic properties in the Rouyn-Noranda mining camp of Quebec's Abitibi Greenstone Belt; it holds approximately 67,000 hectares of mining claims representing 67% of the camp, including 13 former gold and base metal mine sites. The company's principal asset is the Horne 5 Project, a large subvertical gold-rich volcanogenic massive sulphide deposit located beneath the historic Horne mine, which operated from 1927 to 1976 and produced 11.6 million ounces of gold and 2.5 billion pounds of copper; the project encompasses underground mining operations to produce copper and zinc concentrates, payable gold and silver, with life-of-mine estimates of 3.3 million ounces payable gold, 27.3 million ounces payable silver, 247 million pounds copper and 1.19 billion pounds zinc based on the 2021 Updated Feasibility Study. Falco's operations target base and precious metals exploration, evaluation and development exclusively in Quebec, serving institutional investors and strategic partners in the mining sector. Founded in 2010 and headquartered in Montreal at 1100 Avenue des Canadiens-de-Montreal, Suite 300, the company maintains key strategic relationships, including Osisko Development Corp. as its largest shareholder with a 16% interest. Recent developments include the January 2024 Operating License and Indemnity Agreement with Glencore Canada establishing frameworks for project development synergies, technical and strategic committees, offtake for copper-zinc concentrates, and financial assurances; October 2024 binding term sheets with Glencore and Osisko Gold Royalties Ltd. extending convertible debt maturities to December 31, 2025 with capitalized interest, adjusted terms and new warrants; an upsized $12 million bought deal private placement closed in October 2025 led by Cantor Fitzgerald; a $6 million private placement in December 2024; extension of the Silver Stream Agreement with Osisko Gold in January 2025 linking further funding to Glencore assurances and equity milestones; progression through public hearings with the Bureau d'audiences publiques sur l'environnement concluding in October 2024; and extension of the First Quantum option for tailings properties to December 2025.