202622 releases
LaFleur Minerals Signs Definitive Gold and Silver Purchase Agreement with Ocean Partners
A definitive gold and silver purchase agreement effective October 1, 2026 has been signed with Ocean Partners UK Limited, under which LaFleur Minerals will sell 100% of gold and silver produced from the planned bulk sample at the Swanson Gold Project, processed at the Beacon Gold Mill in Val-d'Or, Québec, priced on LBMA prices less refining charges. The agreement includes an unsecured working capital advance of up to US$5 million, drawable from January 1, 2027, bearing interest at three-month CME SOFR plus 7.50% and repayable from metal deliveries, with no fees, equity or warrants. The Company will not proceed with the Trafigura Canada term sheet announced April 15, 2026.
FinancingLaFleur Minerals Intersects 6.05 g/t Au over 8.00 Metres, Including 14.96 g/t Au over 3.00 Metres, Near Surface at Bartec Target and Identifies Additional New Targets at the Swanson Property
Hole SW-26-124 at the historical Bartec showing on the Swanson Gold Project near Val-d'Or, Québec returned 6.05 g/t Au over 8.00 metres from 38.00 metres downhole, including 14.96 g/t Au over 3.00 metres, about 30 metres below surface. Other regional results include 27.80 g/t Au over 1.0 metre and 0.60 g/t Au over 44.0 metres at Jackson, and 0.58 g/t Au over 19.6 metres at Jolin. The release covers the final 35 holes (9,429 metres) of the 64-hole regional program, and notes continuing Trafigura offtake financing negotiations.
Drill resultsLaFleur Minerals Appoints Andrew Elinesky as Chief Executive Officer and Provides Update on Beacon Gold Mill Recommissioning Work and Swanson Bulk Sample Progress
Andrew Elinesky has been appointed Chief Executive Officer of LaFleur Minerals, effective immediately, and was granted 2,000,000 incentive stock options at $0.40 per share for a five-year term, vesting over two years; former CEO Paul Ténière continues as President and Director, overseeing technical and operational matters. Recommissioning of the Beacon Gold Mill in Québec's Abitibi Gold Belt is over 95% complete on an average per-item basis, with full recommissioning expected in Q4. Trafigura completed an August 10–11 site visit as due diligence continues on proposed prepayment and gold doré offtake arrangements.
ManagementLaFleur Minerals and Trafigura Progress Toward Definitive Agreement, Beacon Gold Mill Nearing Gold Production Restart
The exclusivity and due diligence period with Trafigura Canada Limited for a proposed prepayment facility of up to C$30 million and a gold doré offtake agreement has been extended to August 31, 2026, with a site visit to the Beacon Gold Mill and Swanson Gold Deposit in Val-d'Or, Québec targeted by August 15, 2026. Beacon Gold Mill reconditioning was approximately 84% complete as of July 1, 2026 and on budget, with staged commissioning anticipated in Q4 2026.
AcquisitionLaFleur Announces Closing of Bought Deal Equity Offerings for Gross Proceeds of C$11 Million
Closed a bought deal public offering and concurrent private placement for aggregate gross proceeds of C$11,015,760, including partial exercise of the over-allotment option, with Red Cloud Securities Inc. as sole underwriter and bookrunner. The public offering comprised 10,532,000 units at C$0.50 and 6,199,000 charity flow-through units at C$0.68, while the private placement sold 2,692,000 flow-through units at C$0.57; all warrants are exercisable at C$0.75 until June 9, 2029. Proceeds will fund the restart of gold production at the Beacon Gold Mine, exploration at the Swanson Gold Project in Québec, and working capital.
FinancingLaFleur Expands Swanson Gold Deposit System, Confirming Strong Continuity with 2.95 g/t Au over 80.00 metres and 2.37 g/t Au over 88.05 metres
Drilling at the Swanson Gold Project near Val-d'Or, Québec returned 2.95 g/t Au over 80.00 metres (SW-25-085), including 232.00 g/t Au over 0.50 metres, 2.37 g/t Au over 88.05 metres (SW-25-086), 1.29 g/t Au over 93.85 metres (SW-25-087), and 0.86 g/t Au over 103.55 metres plus 1.14 g/t Au over 56.65 metres (SW-25-090). Seven diamond drill holes were completed at 90 to 250 metres vertical depth over roughly 200 metres of plunge length, infilling gaps within and beyond the 2026 resource estimate and planned pitshell. Over 22,500 metres of drilling has been completed property-wide, with regional drilling underway at Bartec, Jolin, Marimac and Jackson.
Drill resultsLaFleur Minerals Engages Leading Executive Search Firm to Recruit Senior Mining Executive as Company Advances Toward Gold Production
The Bedford Consulting Group Inc. has been engaged to recruit a senior mining executive as the company advances toward restarting gold production at its 100%-owned Beacon Gold Mill in Québec. The mandate targets candidates with a history of building early-stage mining companies toward production or PFS stage with sale or merger exits in excess of $750 million. LaFleur also will not proceed with the appointment of Mike Petrina as Vice President, Mining Operations, and continues searching for a mining engineer from the Val-d'Or region.
ManagementLaFleur Minerals Strengthens Leadership with Former Probe Gold and Probe Mines Executives to Accelerate Exploration Growth and Beacon Gold Mill Restart
Marc Ducharme has been appointed Vice President of Exploration and Mike Petrina Vice President Mining Operations at LaFleur Minerals, which is advancing the Swanson Gold Project and preparing to restart the wholly-owned Beacon Gold Mill in Québec's Abitibi Gold Belt. Ducharme was previously VP Exploration at Probe Gold; Petrina was COO of Probe Mines. The Company is increasing its previously announced option grant from 2,500,000 to 3,000,000 options at $0.65, expiring in three years, and has engaged Emerging Markets Consulting for a six-month campaign for USD $300,000.
ManagementLaFleur Minerals Acquires McKenzie East Gold Project Expanding Val-d’Or Gold Portfolio; Advances Aggressive Drilling at Swanson Gold Project
An arm's-length agreement will give LaFleur Minerals a 100% interest in the McKenzie East Gold Project in Québec's Val-d'Or district, comprising 46 mineral claims over 1,781.18 hectares, for $30,000 cash and 175,000 common shares, subject to exchange approval. The property adjoins Fresnillo plc's McKenzie Break deposit. Recent drilling at the wholly owned Swanson Gold Project returned 2.29 g/t Au over 68.30 metres (SW-25-079), 1.18 g/t Au over 255.04 metres (SW-25-080) and 1.65 g/t Au over 136.1 metres (SW-25-081).
AcquisitionLaFleur Minerals Files PEA Technical Report Supporting Restart of Gold Production at Beacon Gold Mill, Québec
An NI 43-101 technical report supporting the Preliminary Economic Assessment for the 100%-owned Swanson Gold Deposit and Beacon Gold Mill in Québec's Abitibi Gold Belt has been filed, dated March 27, 2026 with an effective date of March 16, 2026 and prepared by ERM Consultants Canada Ltd. The PEA shows a 65% after-tax IRR, C$101 million NPV (5%) and US$1,569/oz AISC at a US$2,750/oz gold base case, with throughput of about 1,250 tpd. The Company states no material differences from its March 3, 2026 news release.
Study resultsLaFleur Minerals Bolsters Executive Team and Announces Webinar to Present Positive PEA for Beacon Gold Mill Restart
Paul Ténière, Peter Espig and Jeff Swinoga were appointed to LaFleur Minerals' board, while Preet Gill and Harveer Sidhu resigned effective March 15, 2026. Management will host a webinar on March 24, 2026 at 9:00 am PST / 12:00 pm EST covering the Swanson Gold Project PEA, which outlined a C$101 million after-tax NPV (5%), 65% IRR, 1.8-year payback, AISC of US$1,569/oz and C$31 million initial capex, plus the Beacon Gold Mill restart in Québec. The company also engaged Native Ads, InvestorsHub and Mayfair Media for marketing.
ManagementLaFleur Minerals Progressing Towards Gold Pour at Beacon Gold Mill in Val-d’Or, Québec
Refurbishment of the 100%-owned Beacon Gold Mill in Val-d'Or, Québec is advancing, with electrical upgrades and winterization largely complete, mechanical components repaired, structural inspections confirming good condition, and safety upgrades installed; approximately 30% of the total budget has been spent. The mill is fully permitted, capable of processing over 750 tonnes per day, and last produced gold in 2022 following more than $20 million in upgrades. A Preliminary Economic Assessment is targeted for completion in March 2026, with pre-operational tests and system checks planned in the coming months.
CorporateLaFleur Minerals Reports Assay Results Highlighting 2.05 g/t Au over 158.25 metres, Confirming Strong Gold Continuity at Swanson Gold Project
Validation drilling at the Swanson Gold Deposit in Québec returned 2.05 g/t Au over 158.25 metres (SW-25-066, including 121.0 g/t Au over 1.1 metres), 1.15 g/t Au over 80.3 metres (SW-25-073), 1.37 g/t Au over 80.8 metres (SW-25-074), 2.97 g/t Au over 66.0 metres (SW-25-075) and 3.15 g/t Au over 51.4 metres (SW-25-077), from 12 holes totalling 2,619 metres. Regional drilling of 28 holes (6,617 metres) returned 1.58 g/t Au over 11.05 metres near the Jackson Showing. A PEA is anticipated within the next month.
Drill resultsLaFleur Minerals Closes LIFE, Flow Thru and Final Hard Dollar Offering for $900,000 to Complete Total of $7,800,421 Funding to Restart Beacon Gold Mill Production Operations in Abitibi Greenstone Belt
A non-brokered hard dollar private placement of 1,800,000 units at $0.50 closed for gross proceeds of $900,000, with each unit comprising one common share and one warrant exercisable at $0.75 for 36 months; finders and brokers received $63,000 in cash commission and 126,000 broker warrants. Combined with the previously closed LIFE Offering of $4,695,000 and Flow-Through Offering of $2,205,421, total financing is $7,800,421. Proceeds will fund commissioning and restart of the Beacon Gold Mine and Mill, work at the Swanson Gold Project in Val d'Or, Québec, and working capital. A Preliminary Economic Assessment is expected to be completed this month.
Financing
202525 releases
LaFleur Minerals Closes Upsized, Fully Subscribed LIFE Offering and FT Offering
Two financings closed for combined gross proceeds of about $6.9 million: a non-brokered LIFE private placement of units at $0.50 for $4,695,000, and a flow-through offering at $0.60 per FT unit for $2,205,421, each unit including a warrant exercisable at $0.75 for 36 and 24 months respectively, subject to accelerated expiry above $0.90 for 14 consecutive trading days. Finders received $480,229.43 cash and 909,466 warrants. Proceeds will fund the Beacon Gold Mill restart and Swanson Gold Project exploration in Québec, with PEA results expected mid-January.
FinancingLaFleur Minerals Announces Non‐Brokered Private Placement for Gross Proceeds of up to C$1,000,000
A non-brokered hard dollar private placement of up to 2,000,000 units at $0.50 per unit for gross proceeds of up to $1,000,000 was announced, with each unit comprising one common share and one warrant exercisable at $0.75 for 36 months from closing, expected on or about January 5, 2026. Proceeds will fund commissioning and restart of gold production at the wholly-owned Beacon Gold Mine and Mill, work at the Swanson Gold Project in Val d'Or, Québec, and working capital. Finders receive 7.0% cash and 7.0% broker warrants.
FinancingLaFleur Minerals Upsizes LIFE and Flow-Through Unit Offerings
A previously disclosed non-brokered private placement has been upsized to up to 9,000,000 units at $0.50 per unit for gross proceeds of up to $4,500,000 under the listed issuer financing exemption, with each unit comprising one common share and one warrant exercisable at $0.75 for 36 months; the warrants are no longer subject to accelerated expiry. Proceeds are for commissioning and restart of gold production at the Beacon Gold Mine and Mill, work at the Swanson Gold Project in Quebec, and working capital. Finders receive 7.0% cash and 7.0% broker warrants; closing is expected on or about December 31, 2025. Terms of the previously announced flow-through offering are unchanged.
FinancingLaFleur Minerals Announces LIFE and Flow-Through Unit Offerings
A non-brokered private placement of up to 6,000,000 units at $0.50 per unit for gross proceeds of up to $3,000,000 under the listed issuer financing exemption, plus up to 2,500,000 flow-through units at $0.60 for up to $1,500,000. Each unit includes one warrant exercisable at $0.75 for 24 months, subject to acceleration if shares close at or above $0.90 for 14 consecutive trading days. Proceeds fund the Beacon Gold Mine and Mill restart and the Swanson Gold Project in Quebec, with closing expected about December 31, 2025. Finders receive 7.0% cash and 7.0% broker warrants.
FinancingLafleur Minerals Provides Update on Confirmation Drilling for PEA at Swanson Gold Deposit and Beacon Gold Mill, Val-d’Or, Québec
A 10-hole twinned-hole drilling program is nearing completion at the Swanson Gold Deposit in Val-d'Or, Québec, to validate historical drilling that underpins the current mineral resource and supply data for a Preliminary Economic Assessment being prepared by ERM for restarting the Beacon Gold Mill. Swanson has more than 36,000 metres of historical drilling in 242 holes, including SW-03-07 with 69.3 metres at 3.03 g/t Au and BAR31-84 with 51.0 metres at 3.46 g/t Au. The PEA is targeted once twinned-hole assays are received in the coming weeks.
Drill resultsLaFleur Minerals Closes $1.66 Million Flow-Through Offering to Advance Drilling and PEA-Related Work at its Swanson Gold Deposit
A non-brokered flow-through private placement closed for gross proceeds of $1,663,370, comprising 2,410,682 FT units at $0.69 per unit, each with one common share and one warrant exercisable at $0.75 for 24 months, subject to accelerated expiry if shares trade at a VWAP of at least $0.90 for 14 consecutive days. Finder's fees of $104,652.14 in cash and 151,668 finder's warrants were paid. Proceeds will fund drilling, ore-sorting and metallurgical testwork at the Swanson Gold Project in Val-d'Or, Québec, and the Beacon Gold Mill, with expenses renounced effective no later than December 31, 2025.
Financing