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FAQ: LaFleur Minerals Inc. Financing and Strategic Transition to Gold Production
TL;DR
LaFleur Minerals secured $7.8 million in financing, positioning investors to benefit from the near-term restart of gold production at its Beacon Gold Mine.
LaFleur Minerals raised funds through three offerings totaling $7.8 million, enabling the commissioning and restart of gold production at its Beacon Gold Mine and Mill.
LaFleur Minerals' funding supports restarting gold production, creating jobs and contributing to economic development in Québec's mining communities.
LaFleur Minerals raised $7.8 million to restart gold production, processing 10,000-20,000 metric tons of existing stockpiles at its Beacon Gold Mine in Québec.
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LaFleur Minerals Inc. has announced the closure of a non-brokered hard dollar private placement yielding $900,000, following previously closed LIFE and Flow-Through offerings, bringing total financing to $7,800,421.
This financing marks a strategic inflection point for the company as it transitions from exploration to near-term gold production and value creation, providing the capital needed to restart operations.
The hard dollar private placement raised $900,000, the LIFE offering raised $4,695,000, and the Flow-Through offering raised $2,205,421, totaling $7,800,421.
The funds will be used to commission and restart gold production operations at its wholly owned Beacon Gold Mine and Mill, starting with processing 10,000 to 20,000 metric tons of existing mineralized stockpiles for initial trial runs.
The content does not specify the exact location of the Beacon Gold Mine and Mill, but mentions the company's Swanson Gold Project is in Québec's Abitibi Gold Belt.
LaFleur Minerals acquired the Beacon Gold Mine and Mill in Fall 2024.
LaFleur Minerals is a Canadian gold exploration and development company advancing its district-scale Swanson Gold Project and progressing toward near-term restart of gold production at its Beacon Gold Mill.
Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, is the Qualified Person who reviewed and approved all scientific and technical information.
The latest news and updates relating to LFLRF are available in the company's newsroom at https://ibn.fm/LFLRF.
LaFleur Minerals trades under CSE: LFLR, OTCQB: LFLRF, and FSE: 3WK0.
Curated from InvestorBrandNetwork (IBN)
