Falco Resources

company

About

Falco Resources is a junior resource exploration company focusing on acquiring and exploring mineral properties.

  • 11 - 50

Details

Last Funding Type
Post-IPO Debt
Last Funding Money Raised
$5M
Industries
Business Intelligence,Mining,Precious Metals,Real Estate
Founded date
Jan 1, 2010
Number Of Employee
11 - 50
Operating Status
Active

Falco Resources is a junior resource exploration company focusing on acquiring and exploring mineral properties. Falco's genesis was from the acquisition of one of Canada's most established VMS mining camps, the Rouyn Noranda Mining Camp, including the Horne Mine Complex area (birth-place of Noranda in the 1920's) and 13 other former producers. Falco Resources has 100% ownership of 74,000 hectares of property, which represents 70% of the entire camp.

Falco Resources employed a highly technical digitization and data mining strategy to move over 80 years of historical data into the 21st century. The bundling of this proprietary data with modern day technology, allowed Falco to 'rediscover' the Horne 5 deposit, culminating in a NI 43-101 inferred mineral resource estimate. The inferred resource consists of 2.15 million oz gold (2.8 million oz gold equivalent) at: 25.3 million tonnes @ 2.64 g/t gold, 0.23% copper, 0.70% zinc (3.41 g/t gold equivalent).

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$46.39M
Falco Resources has raised a total of $46.39M in funding over 2 rounds. Their latest funding was raised on Jun 28, 2017 from a Post-IPO Debt round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 28, 2017 Post-IPO Debt $5M 1 National Bank of Canada Detail
Jun 7, 2017 Post-IPO Equity $39.54M 2 Detail
Jul 22, 2015 Post-IPO Equity $1.85M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
3
Falco Resources is funded by 3 investors. National Bank of Canada and Ressources Québec are the most recent investors.
Investor Name Lead Investor Funding Round
National Bank of Canada Yes Post-IPO Debt
Ressources Québec Post-IPO Equity
Capital croissance PME Post-IPO Equity