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LaFleur Minerals Extends Trafigura Exclusivity and Reports Beacon Gold Mill Progress
LaFleur Minerals extended its exclusivity with Trafigura Canada for a C$30 million prepayment facility and gold offtake agreement to support the Swanson Gold Deposit and Beacon Gold Mill restart, while the mill reached 84% completion and remains on budget.
LaFleur Minerals extended the exclusivity and due diligence period with Trafigura Canada Ltd. through Aug. 31, 2026, as they continue working toward definitive agreements for a non-dilutive prepayment facility of up to C$30 million and a gold doré offtake agreement.
The proposed agreement includes a prepayment facility and offtake agreement to support the development of the Swanson Gold Deposit and the restart of the Beacon Gold Mill in Québec.
As of July 1, 2026, the refurbishment of the Beacon Gold Mill is approximately 84% complete and remains on budget, with major work on crushing, grinding, filtration, ore-storage, and thickening circuits substantially finished.
Subject to delivery of remaining equipment and other conditions, mechanical work is expected to be completed and staged commissioning using existing stockpiles is expected to begin during the fourth quarter of 2026.
The Swanson Gold Project is a district-scale gold project in the Abitibi Gold Belt near Val-d’Or, Québec, covering approximately 19,214 hectares and including several gold and critical metals deposits such as Swanson, Bartec, and Jolin.
The Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.
LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) is a mining company focused on developing gold projects in the Abitibi Gold Belt, particularly the Swanson Gold Project and the Beacon Gold Mill.
The full press release is available at https://ibn.fm/7rTzA, and the latest news and updates about LFLRF can be found in the company's newsroom.