Falco Resources Ltd. confirmed that all five nominees listed in its management information circular were elected to the Board of Directors, with Alexander Dann appointed as Chair, succeeding Mario Caron, who continues as lead director. Shareholders approved the appointment of PricewaterhouseCoopers LLP as auditor and reaffirmed the company's rolling 10% long-term incentive plan. The approval of amendments to the existing OR Royalties convertible secured senior loan, including warrant issuance, and the closing of previously announced senior debt transactions with OR Royalties Inc. and Glencore Canada Corporation, effective Dec. 31, 2025, were also confirmed.
These developments matter because they represent significant governance and financial milestones for Falco Resources, which holds extensive mineral claims in Québec's Abitibi-Témiscamingue greenstone belt. The company's portfolio includes approximately 63,000 hectares in the Noranda Camp, representing 63% of the camp and encompassing 13 former gold and base metal mining sites. Falco's main asset is the Horne 5 project located beneath the former Horne mine, which historically produced 11.6 million ounces of gold and 2.5 billion pounds of copper during its operational period from 1927 to 1976.
The implications of these approvals extend beyond corporate governance, as they facilitate continued development of Falco's mineral properties. The financial transactions with OR Royalties and Glencore Canada Corporation provide crucial funding for exploration and development activities. Osisko Development Corp., Falco's largest shareholder with approximately 16% interest, stands to benefit from these strengthened corporate structures and financial arrangements. The long-term incentive plan reaffirmation helps align management and shareholder interests, potentially driving value creation through focused execution of the company's strategic objectives.
For additional information about Falco Resources, visit https://www.falcores.com/. The original press release detailing these developments can be accessed at https://ibn.fm/bstga. These corporate decisions position Falco Resources to advance its mineral projects while maintaining robust governance standards and financial discipline.
