LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) announced it has extended the exclusivity and due diligence period with Trafigura Canada Ltd. through Aug. 31, 2026, as the parties continue to advance proposed definitive agreements for a non-dilutive prepayment facility of up to C$30 million and a related gold doré offtake agreement. The facility is intended to support development of the Swanson Gold Deposit and restart of the Beacon Gold Mill in Québec.
The extension will allow additional technical due diligence, including a planned site visit to the Beacon Gold Mill and Swanson Gold Deposit, along with completion of definitive documentation and required approvals. This move signals continued confidence from Trafigura, a global commodities trading firm, in LaFleur's projects.
LaFleur also reported that refurbishment of its wholly owned Beacon Gold Mill reached approximately 84% completion as of July 1, 2026, and remains on budget. Major work on the crushing, grinding, filtration, ore-storage and thickening circuits has been substantially completed. Remaining work is focused on the leaching circuit, refinery commissioning and supporting infrastructure. Subject to delivery of remaining equipment and other conditions, the company expects to complete mechanical work and begin staged commissioning using existing stockpiles during the fourth quarter of 2026.
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. The Swanson Gold Project, located in the Abitibi Gold Belt near Val-d’Or, Québec, spans approximately 19,214 hectares and includes several prospects rich in gold and critical metals. LaFleur recently released positive Preliminary Economic Assessment (PEA) results for the Swanson Gold Project and the planned restart of the Beacon Gold Mill.
The extension of the exclusivity period and the progress at the mill are critical steps toward bringing the Swanson Gold Deposit into production. For investors, the non-dilutive prepayment facility could provide funding without diluting existing shareholders. The successful restart of the Beacon Gold Mill could also position LaFleur as a regional milling hub, potentially generating revenue from custom milling services.
For more information, visit the company's newsroom at http://ibn.fm/LFLRF and the full press release at https://ibn.fm/7rTzA.
