LaFleur Minerals Inc. has successfully completed a fully subscribed non-brokered private placement funding round, raising gross proceeds of C$2.88 million. The Canadian gold exploration and near-term production company anticipates additional offerings to be completed soon, signaling growing investor confidence in its Quebec-based operations.
The capital raise is strategically designed to support two key initiatives: restarting the company's fully permitted Beacon Gold Mill and advancing exploration and drilling efforts at its district-scale Swanson Gold Project located in the heart of the renowned Abitibi Greenstone Belt. This funding represents a significant step forward for the company's development plans in one of Canada's most productive gold regions.
LaFleur anticipates that its wholly-owned Beacon Gold Mill will generate near-term revenues through processing mineralized material from neighboring gold deposits. The facility also holds potential for processing material sourced from the company's Swanson Gold Deposit, located just 60 kilometers away. This dual-revenue strategy positions the company for both immediate cash flow and long-term production growth.
Exploration progress continues at the Swanson Gold Project, situated near the established Val-d'Or gold district. The company has already completed over seven diamond drill holes, with assay results currently pending. These drilling activities build upon extensive historical data from over 36,000 meters of previous exploration work, providing a solid foundation for the current development program.
The company's technical information has been reviewed and approved by Louis Martin, P.Geo. (OGQ), who serves as Exploration Manager and Technical Advisor and is considered a Qualified Person for the purposes of NI 43-101 standards. Additional information and updates relating to LaFleur Minerals are available in the company's newsroom at https://ibn.fm/LFLRF.
This successful funding round demonstrates market confidence in LaFleur's strategy to become a near-term gold producer while continuing exploration activities across its substantial 18,304-hectare land package in Quebec's prolific gold district.
