top of page
  • Writer's pictureJeffrey White

Big Falco News!

Updated: Nov 3, 2020

Exciting Falco announcement! Recall that Falco has been working with Glencore for over 2 years to advance its flagship Horne 5 Project, located in Rouyn-Noranda, Québec.

Key elements of Falco's announcement include:

  • A $10 million 7% senior secured convertible debenture financing to fund the continued advancement of the Horne 5 Project, including the Work Plan;

  • Offtake agreements, under which Glencore will purchase from Falco the produced copper and zinc concentrate during the life of mine of the Horne 5 Project, currently estimated at 15 years;

  • Falco and Glencore have agreed to a detailed Work Plan, to be managed by Falco, which includes additional technical work, modelling and studies, all with the goal of working towards a Principal Operating License and Indemnity Agreement.

Full details of the announcement can be found in the press release.

8 views0 comments

Recent Posts

See All

Akumin Releases Q3 Results and 2022 Guidance

It has been a busy week at Akumin! There have been a number of important developments including: The release of our Q3 consolidated financial results on Dec 13th/21, which includes 1 month of combined


bottom of page