LaFleur Minerals Inc. has upsized a previously announced investment offering to $4.5 million due to investor demand, providing full capital for restarting gold production at its Beacon Gold Mill in Quebec. The non-brokered private placement, regulated under Canada's Listed Issuer Financing Exemption, is occurring alongside a separate flow-through-eligible offering for up to $1.5 million to fund operations at the company's Swanson Gold Project. The financing comes as the company prepares to launch operations in the renowned Abitibi Gold Belt early in the new year.
With this funding, LaFleur will be fully funded for restart of gold production operations at its Beacon Gold Mill, located approximately 50 kilometers from its advanced stage exploration project and primary source of mineralized material, the Swanson Gold Project. The mill was acquired by LaFleur in a state of readiness to resume operations pending equipment upgrades, with this financing providing capital for up to 750 tons per day gold production restart. The timing coincides with gold enjoying a banner year, striking record territory 50 times during 2025 and sustaining prices above $4,000 per ounce for the last few months.
According to the company, this provides investors with a simple and affordable way of investing in what is developing as a long-term gold rush. The offering is expected to close on or about December 31 but is no longer subject to an accelerated expiry clause that was part of the original announcement. All scientific and technical information has been reviewed and approved by Louis Martin, P.Geo., Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.
The latest news and updates relating to the company are available in the company's newsroom at https://ibn.fm/LFLRF. The announcement was disseminated by Rocks & Stocks, a specialized communications platform delivering insights into the mining industry that is part of the Dynamic Brand Portfolio at IBN, which provides various corporate communications solutions including access to wire solutions via InvestorWire and article syndication to thousands of outlets.
