Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.
- Junior Canadian near-term gold developer LaFleur Minerals is preparing to restart operations at its Beacon Gold Mill in the prolific Abitibi Greenstone Belt, starting with a bulk sample from the company’s nearby Swanson Gold Project in Quebec
- LaFleur is strengthening its readiness to begin production by entering into a term sheet with Trafigura Canada Limited that will provide agreements for a prepayment financing facility and gold doré purchase
- The Beacon Gold Mill will restart gold production operations in the next quarter, processing 750 metric tons per day (“TPD”) at first but building toward a 1,250 TPD target
- The Swanson Gold Project is strategically located near the Beacon Gold Mill with easy access, and is within a 20-minute drive of the town of Val d’Or, Quebec, where technical resources and skilled labor for the industry are located
LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) has received terms for an up-to-C$30 million prepayment financing facility and gold doré purchase agreement from one of the world’s largest independent physical commodity trading companies that helps to secure commercial production and restart capital for its Beacon Gold Mill, expected to begin next quarter, in the prolific Abitibi Gold Belt of eastern Canada.
The agreements with Trafigura Canada Limited or one of its affiliates, subject to definitive documentation, due diligence and closing conditions, mean that LaFleur has the underpinnings for the mill’s planned ramp-up from 750 metric tons per day (“TPD”) in its first anticipated gold pour to the company’s 1,250 TPD target. These terms mark a significant step toward advancing the company’s processing and production strategy, as Trafigura is also granted right of first refusal to participate in future funding for a potential Beacon Gold Mill expansion to 3,000–4,000 tpd, as outlined in LaFleur’s recently completed positive PEA (refer to press release dated March 3, 2026).
The non-dilutive credit agreement also benefits LaFleur’s efforts to advance development of its nearby Swanson Gold Deposit, part of the company’s 192-square-kilometer Swanson Project.
“The last quarter has been an extremely busy time full of major developments for LaFleur and also a run in the price of gold from the US$4,000 range in 2025, to a high of US$5,400 and now volatile trading in the US$4,500-$5,000/ounce range,” LaFleur CEO and Director Paul Ténière stated in the company’s April 15 announcement of the agreements (https://nnw.fm/wIcNZ). “Our Preliminary Economic Assessment is based on an AISC of US$1,569/oz gold and calculated on a base case $2,750/oz gold, with compelling economics outlining an after-tax IRR of 65% and C$101 million NPV (5%), which has attracted several serious well established investment groups.”
Under the term sheet for the proposed prepayment facility, Trafigura will deliver a first tranche of C$15 million and LaFleur will grant Trafigura a right of first refusal on subsequent funding as the company pursues additional Beacon Gold Mill upgrades to add circuits and greater capacity.
LaFleur’s project is located within a 20-minute drive of the town of Val d’Or, Quebec, an established base for skilled labor and other pertinent resources for sustaining the numerous mineral exploration efforts throughout the Abitibi region.
The Abitibi greenstone belt is an unrivaled source of gold production, accounting for more than 300 million ounces when historic and current reserves are factored together (https://nnw.fm/SuBK3). LaFleur has employed strategic acquisitions and experienced management to protect shareholder value through efficient financing, and the gold market’s recent prosperity has only increased the company’s overall prospects.
The company also has been in talks with rail officials to improve transit between the project and the Beacon Gold Mill, proposing a new spur that would extend directly from the rail line running crossing the property to the mill.
LaFleur also anticipates the potential of additional open-pit gold recovery across the length of the Swanson Project, which includes 445 mineral claims and one mining lease. Diamond drilling intercepts have shown some findings of 2.05 g/t Au over 158.25 meters, with narrow high-grade results including 121.0 g/t Au over 1.1 meters.
For more information, visit the company’s website at 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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