LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has taken significant steps towards restarting gold production at its Beacon Gold Mill in Val-d’Or, Québec, by securing corporate finance advisors and expanding its capital-raising efforts. The company announced on July 25 that it engaged FMI Securities Inc. and FM Global Markets Inc. to raise up to C$5 million in secured debt financing, aimed at funding the mill's restart. This move is part of LaFleur's strategy to leverage near-term production opportunities, with the Beacon Gold Mill being a fully permitted and recently refurbished facility.
In addition to the debt financing, LaFleur Minerals has launched two equity offerings: a LIFE private placement and a charity flow-through unit offering. These initiatives could collectively raise over C$5.4 million in additional capital, further supporting the company's operational restart plans. The Beacon Gold Mill is poised to process material from the Swanson Gold Deposit and other surrounding projects, with current gold prices and the mill's production-ready infrastructure highlighted as key advantages for the company.
The decision to restart production at the Beacon Gold Mill comes at a time when gold prices are favorable, presenting a timely opportunity for LaFleur Minerals to capitalize on its assets. The company's approach underscores its commitment to near-term production, with the potential to significantly impact its financial performance and contribute to the local economy in Québec. For more details on LaFleur Minerals' financing and production plans, visit https://ibn.fm/O5qUa.
