LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has raised more than C$11 million through public and private offerings to support the restart of gold production at its Beacon Gold Mill and advance exploration across its Quebec properties, according to a press release. The company plans to process mineralized material from its Swanson Gold Deposit at Beacon, initially targeting 750 metric tons per day before increasing throughput to 1,250 TPD as mining operations expand.
LaFleur's Swanson and recently acquired McKenzie East Gold projects encompass approximately 23,000 hectares within Canada's prolific Abitibi Gold Belt, with the company continuing drilling programs to expand its resource base. With gold prices having risen substantially since early 2025 and the company's base-case planning reflecting lower historical prices, LaFleur expects its planned production operations to generate strong profitability.
The company recently released the results of a positive Preliminary Economic Assessment ("PEA") for the Swanson Gold Project and the planned restart of the 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. The Swanson Gold Project is approximately 19,214 hectares (192 km²) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings.
The Beacon Gold Mill, recently refurbished, 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. The company's mission is to advance mining projects with a laser focus on its PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is easily accessible by road, allowing direct access to several nearby gold mills, further enhancing its development potential.
This announcement is significant because it demonstrates LaFleur's progress toward gold production in a region with established infrastructure and high-grade potential. The successful capital raise and positive PEA indicate that the company is well-positioned to capitalize on favorable gold market conditions. Investors can view the full article at https://ibn.fm/iHccC and the latest news and updates relating to LFLRF are available in the company's newsroom at https://ibn.fm/LFLRF.
