Falco Resources Confirms Board Elections, Leadership Changes and Shareholder Approvals

Falco Resources Ltd. (TSX.V: FPC) has confirmed the election of all five nominees listed in its November 4, 2025, management information circular to the company's Board of Directors. Alexander Dann has been appointed as the new Chair of the Board, succeeding Mario Caron, who will continue in the role of lead director. This leadership transition occurs as the company advances its primary asset, the Horne 5 project located in the prolific Abitibi-Témiscamingue greenstone belt of Québec.

During the same shareholder meeting, several critical financial and corporate governance items received approval. Shareholders ratified the appointment of PricewaterhouseCoopers LLP as the company's auditor and reaffirmed the existing rolling 10% long-term incentive plan. Furthermore, shareholders approved amendments to the existing OR Royalties convertible secured senior loan, which includes provisions for the issuance of warrants. These approvals provide Falco with continued financial and strategic flexibility as it progresses its mining operations.

Concurrently, Falco confirmed the closing of previously announced senior debt transactions with OR Royalties Inc. and Glencore Canada Corporation, effective December 31, 2025. The completion of these transactions strengthens the company's balance sheet and provides capital essential for the development of its projects. Falco is one of the largest mineral claim holders in Québec, with rights to approximately 63,000 hectares of land in the Noranda Camp, representing 63% of the entire camp and encompassing 13 former gold and base metal mining sites.

The company's flagship Horne 5 project is situated beneath the historic 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. The successful shareholder votes and completed debt financing are pivotal steps in unlocking the potential of this significant asset. Osisko Development Corp. remains Falco's largest shareholder, with an approximate 16% interest in the corporation. For more detailed corporate information, visit https://www.falcores.com/.

The implications of these corporate developments are substantial for the mining sector and investors. A stabilized and approved board and leadership structure reduce governance uncertainty, while the reaffirmed incentive plan helps align management interests with shareholder value. The approved loan amendments and closed senior debt deals provide the necessary capital infusion to advance the Horne 5 project from planning to potential production, which could significantly impact regional employment and economic activity in Québec. For the global mining industry, the progress at Horne 5 represents the potential revitalization of a historically productive mining camp, contributing to the supply of critical metals. The full press release detailing these announcements is available at https://ibn.fm/bstga.