Falco Resources Confirms Board Elections, Leadership Changes and Key Shareholder Approvals

Falco Resources Ltd. (TSX.V: FPC) has confirmed the election of all five nominees listed in its management information circular to the Board of Directors, alongside significant leadership changes and shareholder approvals that solidify the company's governance and financial structure. Alexander Dann has been appointed Chair of the Board, succeeding Mario Caron, who will continue in the role of lead director. These developments follow the company's Nov. 4, 2025, circular and were ratified by shareholders, marking a pivotal step in Falco's strategic oversight.

Shareholders also approved the appointment of PricewaterhouseCoopers LLP as auditor and reaffirmed the company's rolling 10% long-term incentive plan, which is designed to align management interests with shareholder value. Additionally, amendments to the existing OR Royalties convertible secured senior loan, including the issuance of warrants, received approval. Falco further confirmed the closing of previously announced senior debt transactions with OR Royalties Inc. and Glencore Canada Corporation, effective Dec. 31, 2025. These financial maneuvers are critical for providing the capital necessary to advance Falco's mining projects, particularly in a competitive industry landscape.

The importance of these corporate actions lies in their potential to enhance operational stability and investor confidence. With a strengthened board and clear leadership under Alexander Dann, Falco is better positioned to execute its strategic initiatives, such as developing the Horne 5 project. This project is Falco's main asset, located beneath the former Horne mine in Québec, which historically produced 11.6 million ounces of gold and 2.5 billion pounds of copper. As one of the largest mineral claim holders in Québec, with rights to approximately 63,000 hectares in the Noranda Camp, Falco's success could have broader implications for the regional mining sector and economic development.

For stakeholders, these approvals and changes signal a commitment to robust governance and financial prudence, which may mitigate risks associated with mining ventures. The debt transactions with entities like OR Royalties and Glencore Canada provide essential funding, potentially accelerating project timelines and resource extraction. In an industry where capital access and regulatory compliance are paramount, Falco's moves could set a precedent for other junior mining companies seeking to balance growth with shareholder accountability. More information on Falco's operations can be found at https://www.falcores.com/.

The broader impact extends to the mining industry and investment community, as Falco's progress may influence market perceptions of Québec's mining potential. With Osisko Development Corp. as its largest shareholder, holding an approximate 16% interest, the company's trajectory is closely watched. These corporate developments, while administrative in nature, underpin the practical steps needed to unlock value from significant mineral holdings, emphasizing why such news matters for investors, industry observers, and local economies reliant on resource extraction.