LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has secured more than C$11 million through public and private offerings, marking a significant step toward restarting gold production at its Beacon Gold Mill and advancing exploration across its Quebec properties. The company plans to process mineralized material from its Swanson Gold Deposit, initially targeting 750 metric tons per day (TPD) with plans to increase throughput to 1,250 TPD as mining operations expand. This financing strengthens LaFleur's path to becoming a near-term gold producer in Canada's prolific Abitibi Gold Belt.
The Swanson Gold Project, along with the recently acquired McKenzie East Gold project, encompasses approximately 23,000 hectares within the Abitibi region. LaFleur continues drilling programs to expand its resource base, with the goal of feeding the Beacon Mill, which has been recently refurbished and is capable of processing over 750 tonnes per day. The mill is also being considered for custom milling operations for other nearby gold projects, providing additional revenue streams.
With gold prices having risen substantially since early 2025 and the company's base-case planning reflecting lower historical prices, LaFleur expects its planned production operations to generate strong profitability. The company recently released a positive Preliminary Economic Assessment (PEA) for the Swanson Gold Project and the planned restart of the Beacon Gold Mill. The PEA highlights the project's economic viability and potential for long-term value creation.
LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. The Swanson Gold Project is approximately 19,214 hectares in size and includes several prospects rich in gold and critical metals. The project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits.
Investors can view the full article at https://ibn.fm/iHccC. For the latest news and updates relating to LFLRF, visit the company's newsroom at https://ibn.fm/LFLRF. This announcement underscores LaFleur's commitment to advancing its projects and capitalizing on favorable gold market conditions.
