LaFleur Minerals Inc. has secured more than $7.8 million in new capital through three financing mechanisms, positioning the company to restart gold production operations at its Beacon Gold Mill and Mine in Quebec's Abitibi Gold Belt. The funding, which came from a non-brokered hard-dollar private placement, a Listed Issuer Financing Exemption offering, and a tax flow-through eligible offering, will enable the company to commission and restart operations at its fully permitted mill. This capital raise represents a significant step for LaFleur Minerals as it transitions from exploration to near-term production status, with the company's ability to secure oversubscribed placements demonstrating investor confidence in its operational plans and the potential of the Abitibi region's mineral resources.
The Beacon Gold Mill, located on Route 117 in Val d'Or, Quebec, is capable of processing 750 metric tons of ore per day and is fully permitted to process up to 1.8 million metric tons of tailings. The mill is currently in a state of readiness pending restart, with LaFleur planning to use an existing stockpile of gold ore at the site for a trial processing run. The company's operations are situated at the eastern edge of the Abitibi Gold Belt (https://ibn.fm/OqYJZ), Canada's largest gold producing region, which provides strategic advantages for both production and regional partnerships.
LaFleur Minerals describes itself as a well-positioned gold play in a Tier 1 jurisdiction, with a rare combination of district-scale exploration and processing infrastructure. In addition to restarting its own gold production, the company plans to offer custom milling services as a secondary revenue stream, handling processing orders from regional operators. This dual revenue approach combines the company's gold exploration project and source of mineralized material with third-party processing capabilities, creating multiple pathways to revenue generation.
The funding injection of over $7.8 million (https://ibn.fm/B0qKe) comes as the company prepares to begin creating value in accordance with production plans for its wholly owned mill. LaFleur's operations include both the Beacon Gold Mill and Mine and the nearby Swanson Gold Project, located approximately 60 kilometers south of the mill site. With the funding now in place, LaFleur is positioned to advance toward revenue generation through both its own mining operations and custom milling services for other regional operators, leveraging its infrastructure in a premier mining jurisdiction.
