Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) and may include paid advertising.
- LaFleur Minerals Inc., a Canadian near-term gold producer, just announced the closure of a non-brokered hard dollar private placement yielding gross proceeds of $900,000
- This follows the recently closed LIFE offering that yielded $4,695,000 and a Flow-Through offering that brought in $2,205,421, bringing total proceeds to $7,800,421
- With these funds, LaFleur is set to commission and restart gold production operations at its wholly owned Beacon Gold Mine and Mill, which it acquired in Fall 2024
LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is a Canadian gold exploration and development company advancing its district-scale Swanson Gold Project in Québec’s prolific Abitibi Gold Belt and progressing toward the near-term restart of gold production at its wholly owned Beacon Gold Mill. The company just marked a strategic inflection point as it transitions from exploration to near-term gold production and value creation. LaFleur just announced the closure of a non-brokered hard-dollar private placement for 1,800,000 units at $0.50 per unit, yielding gross proceeds of $900,000. This follows the recently closed LIFE offering, which yielded gross proceeds of $4,695,000, and the Flow-Through offering, which brought in $2,205,421 in gross proceeds (https://nnw.fm/JrTdC).
With these funds, LaFleur is set to commission and restart gold production operations at its wholly owned Beacon Gold Mine and Mill, starting with the processing of 10,000 to 20,000 metric tons of existing mineralized stockpiles on-site for initial trial runs. In addition, it can begin work on its Swanson Gold Project in Val d’Or, Québec, the subject of an upcoming PEA and primary source of mineralized material for Beacon’s gold processing operations. The funds will also be utilized for general working capital purposes, bringing it closer to realizing its goal of transitioning from an exploration to a near-term gold production and value-creation company, demonstrating their commitment to achieve restart of production at the Beacon Gold Mill in early 2026 (https://nnw.fm/RflLA). LaFleur is strategically positioned for success with infrastructure, located in a top mining jurisdiction, a district-scale exploration project with high-grade occurrences, scalability and optionality in terms of footprint and at its Beacon Gold Mill, which can be expanded in capacity down the line and the company starts generating revenues.
LaFleur acquired the Beacon Gold Mill in Fall 2024. Before the acquisition, the facility had undergone over C$20 million in repairs and refurbishments. Immediately, LaFleur set out to complete a comprehensive PEA along with twinning historical holes that formed the basis of the mineral resource at its Swanson Gold Deposit. “Advancing the Beacon Gold Mill to restart gold production with gold prices at record levels above $4,000 per ounce offers amazing economic potential,” noted Paul Teniere, LaFleur’s CEO (https://nnw.fm/zf8s9). Beacon Gold Mill, with a replacement cost estimated by an independent valuation conducted to exceed $70 million, is a rare asset to have by a junior gold miner with a current market cap nearly half its value worth in infrastructure.
For company information, visit the company’s website at www.LaFleurMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://nnw.fm/LFLRF
Qualified Person Statement:
All scientific and technical information contained in this article has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, and considered a Qualified Person for the purposes of NI 43-101.
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