LaFleur Minerals Inc. has closed its upsized, fully subscribed LIFE offering and FT offering, raising gross proceeds exceeding $6.9 million to fund the restart of its key asset, the Beacon Gold Mill. The Canadian near-term gold producer is moving quickly to capitalize on unique processing opportunities offered by its mill and the overall strength of the gold market.
The financing represents a pivotal milestone for the gold exploration and development company, allowing it to advance its district-scale Swanson Gold Project in Québec's prolific Abitibi Gold Belt. LaFleur will use these funds to progress toward the near-term restart of gold production at its wholly owned Beacon Gold Mill, with the company remaining bullish about both the gold market and its competitive standing within the industry.
Last month, the company announced an upsizing of its investment opportunity due to high demand for the offering. This increased funding now enables LaFleur to launch gold production activities at its Beacon Gold Mill, initially aiming to process the 10,000-20,000 metric tons of mineralized stockpiles remaining on site. The company anticipates 2026 as an especially significant year, both for shareholders and for firmly establishing LaFleur's position as the newest gold producer in Canada's Abitibi belt.
In November, LaFleur made significant progress on its district-scale Swanson Gold Project by initiating a confirmation drilling program. This strategic move was intended to bring the company closer to near-term gold production while providing substantial valuation upside and helping validate historical data. For comprehensive company information, investors can visit https://www.LaFleurMinerals.com.
The successful financing round demonstrates strong investor confidence in LaFleur's operational strategy and the underlying value of its assets. As gold prices remain favorable and demand for precious metals continues in uncertain economic climates, LaFleur's progress toward production represents a significant development in the Canadian mining sector. The company's focus on restarting an existing mill rather than building new infrastructure provides potential operational advantages and faster time-to-production compared to greenfield projects.
All scientific and technical information has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, who is considered a Qualified Person for the purposes of NI 43-101. The latest news and updates relating to LaFleur Minerals are available in the company's newsroom at https://ibn.fm/LFLRF.
