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FAQ: LaFleur Minerals Inc.'s Financing and Gold Production Plans
TL;DR
LaFleur Minerals raised over $6.9 million to restart its Beacon Gold Mill, positioning investors to capitalize on gold market strength and gain early entry into Canada's Abitibi belt.
LaFleur Minerals secured funding through upsized LIFE and FT offerings, enabling the restart of its Beacon Gold Mill to process 10,000-20,000 metric tons of stockpiles by 2026.
LaFleur Minerals' funding supports restarting gold production, contributing to economic development in Québec's Abitibi region and advancing sustainable resource extraction practices.
LaFleur Minerals plans to process mineralized stockpiles at its Beacon Gold Mill, tapping into Québec's historic Abitibi Gold Belt known for rich gold deposits.
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LaFleur Minerals Inc. has closed its upsized, fully subscribed LIFE and FT offering, raising gross proceeds of over $6.9 million to fund the restart of its Beacon Gold Mill and advance its district-scale Swanson Gold Project.
This financing provides the capital needed to restart gold production at the Beacon Gold Mill, allowing the company to capitalize on processing opportunities and the strong gold market, positioning it as a near-term gold producer in Canada's Abitibi belt.
The company raised gross proceeds of over $6.9 million from the upsized, fully subscribed LIFE and FT offering.
The funds will be used to restart gold production at the wholly owned Beacon Gold Mill, first aiming to process the 10,000-20,000 metric tons of mineralized stockpiles on site, and to further advance the district-scale Swanson Gold Project.
The company's key assets are located in Québec's prolific Abitibi Gold Belt, specifically the Beacon Gold Mill and the district-scale Swanson Gold Project.
LaFleur now anticipates 2026 as an especially significant year for establishing its position as the newest gold producer in Canada's Abitibi belt.
In November, LaFleur kicked off a confirmation drilling program on its Swanson Gold Project, intended to bring it closer to near-term gold production and provide substantial valuation upside.
All scientific and technical information has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, who is considered a Qualified Person under NI 43-101.
For company information, visit www.LaFleurMinerals.com, and for the latest news and updates relating to LFLRF, visit the company's newsroom at https://ibn.fm/LFLRF.
LaFleur Minerals trades under the symbols CSE: LFLR, OTCQB: LFLRF, and FSE: 3WK0.
Curated from InvestorBrandNetwork (IBN)
