LaFleur Minerals secures $7.8M funding to restart Beacon Gold Mill in Abitibi Greenstone Belt, Quebec
LaFleur Minerals Inc. [CSE: LFLR; FSE: 3WK0] reported that, further to its news release dated December 29, 2025, it has closed a non-brokered hard dollar private placement for a total of 1,800,000 units of the company at a price of $0.50 per Unit, for gross proceeds of $900,000 (the “Hard Dollar Offering”). Each Unit issued consists of one common share in the capital of the company and one Common Share purchase warrant granting the holder the right to purchase one additional Common Share of the company (a Warrant Share) at a price of $0.75 on or before 36 months from the Closing Date.
Gross proceeds from the Hard Dollar Offering will be used for the commissioning and restart of gold production operations at the company’s wholly-owned Beacon Gold Mine and Mill, as well as work at the company’s Swanson Gold Project in Val d’Or, Québec, and for general working capital purposes.
The Company has paid qualified finders and brokers a cash commission of $63,000, or 7% of the aggregate gross proceeds of the Hard Dollar Offering, and a total of 126,000 broker warrants. Each Broker Warrant will entitle the holder to purchase one Common Share at an exercise price equal to the Offering Warrant Price for 24 months following the Closing Date.
This milestone is a strategic inflection point for LaFleur as the company transitions from exploration to near-term gold production and value creation, providing strong financial momentum as the company advances toward restarting gold production at its wholly-owned and recently updated Beacon Gold Mill and as it accelerates development of its Swanson Gold Project in the heart of Quebec’s prolific Abitibi Gold Belt. With the previously announced closing of its LIFE Offering for an upsized amount and gross proceeds of $4,695,000 and Flow-Through Offering for an oversubscribed amount and gross proceeds of $2,205,421, and the last Hard Dollar $900,000 offering, the company is well on its way to restart production at its Beacon Gold Mill with the total financing of $7,800,421. The company’s previously announced Preliminary Economic Assessment (PEA) is on its way to completion this month, which intends to outline a comprehensive, economic study for the sourcing of mineralized material from its nearby Swanson Gold Project and process at its nearby 100% Owned Beacon Gold Mill.
LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential to deliver long-term value.
The Swanson Gold Project is approximately 18,304 hectares (183 km2) in size and includes several gold- and critical-metal-rich prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. Lafleur Mineral’s fully refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.
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