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Falco Resources ( (TSE:FPC) ) just unveiled an announcement.
Falco Resources Ltd. announced an amendment to its silver purchase agreement with Osisko Gold Royalties for the Horne 5 Project, which extends certain deadlines and modifies conditions for funding installments. The amendments account for new agreements with Glencore, require increased equity financing, and adjust interest calculations. These changes reflect financial obligations and economic conditions, impacting Falco’s operational timeline and financial strategy.
More about Falco Resources
Falco Resources Ltd. is a significant player in the mineral resources sector, holding extensive claims in Québec’s Abitibi Greenstone Belt. The company owns a substantial portion of the Noranda Mining Camp, which includes numerous former gold and base metal mine sites. The Horne 5 Project, located under a historic mine, is Falco’s principal asset. Osisko Development Corp is a major stakeholder, holding a 16% interest in Falco.
YTD Price Performance: -31.67%
Average Trading Volume: 196,495
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$62.35M
Find detailed analytics on FPC stock on TipRanks’ Stock Analysis page.
