LaFleur Minerals Inc. has successfully closed its upsized and fully subscribed LIFE and FT offering, raising gross proceeds exceeding $6.9 million. The financing is designated to fund the restart of the company's key asset, the Beacon Gold Mill, marking a pivotal milestone for the Canadian gold exploration and development company. The company is moving quickly to capitalize on unique processing opportunities at the mill and the overall strength of the gold market.
The funds will enable LaFleur to advance its district-scale Swanson Gold Project, located in Québec's prolific Abitibi Gold Belt, and progress toward the near-term restart of gold production. The company first aims to process the 10,000-20,000 metric tons of mineralized stockpiles remaining on site at the Beacon Gold Mill. Due to high demand, the company announced an upsizing of the investment opportunity last month, which now fully funds these restart activities.
LaFleur anticipates 2026 as an especially significant year, both for shareholders and for firmly establishing the company's position as the newest gold producer in the Abitibi belt. The company remains bullish about the gold market and its standing compared to peers. This financing follows significant progress made in November on the Swanson Gold Project, where the company kicked off a confirmation drilling program intended to bring it closer to near-term gold production and provide substantial valuation upside.
For company information, investors can visit LaFleur Minerals' website. The latest news and updates relating to the company are also available in its newsroom at IBN's financial media platform. All scientific and technical information in the announcement has been reviewed and approved by Louis Martin, P.Geo., the company's Exploration Manager and Technical Advisor, who is considered a Qualified Person for the purposes of NI 43-101.
