LaFleur Minerals Inc. has closed an upsized and fully subscribed financing, raising gross proceeds exceeding $6.9 million. The funds are designated specifically to restart operations at the company's Beacon Gold Mill, representing a critical step for the Canadian gold exploration and development firm. This capital injection enables LaFleur to move swiftly, leveraging current gold market conditions and unique processing opportunities at the mill to advance toward production.
The financing will directly support the district-scale Swanson Gold Project, located within Québec's prolific Abitibi Gold Belt. Initial efforts will focus on processing the 10,000 to 20,000 metric tons of mineralized stockpiles already on site at the Beacon Gold Mill. Due to strong investor demand, the company upsized the offering last month, ensuring full funding for these restart activities. The company anticipates 2026 as a pivotal year for establishing itself as the newest gold producer in the Abitibi belt and delivering value to shareholders.
This financing follows significant progress made in November on the Swanson Gold Project, where LaFleur initiated a confirmation drilling program. That program aims to advance the project toward near-term gold production and unlock substantial valuation upside. The company maintains a bullish outlook on the gold market and its competitive position relative to peers. All scientific and technical information in the announcement was reviewed and approved by Louis Martin, P.Geo., the company's Exploration Manager and Technical Advisor and a Qualified Person under NI 43-101 standards. For further details, investors can refer to the company's official website and the latest updates available through its designated financial media platform.
