LaFleur Minerals Inc. has upsized a previously announced investment offering due to strong investor demand, increasing the potential proceeds to $4.5 million through a non-brokered private placement. This financing is designed to fund the production restart at the company's Beacon Gold Mill, which was acquired in a state of readiness requiring only minor equipment upgrades before operations can resume. The offering is regulated under Canada's Listed Issuer Financing Exemption and is expected to close around December 31.
Concurrently, the company is conducting a flow-through-eligible offering for up to $1.5 million to fund operations at its Swanson Gold Project, an advanced stage exploration project located approximately 50 kilometers from the Beacon Gold Mill. This project will serve as the primary source of mineralized material for the mill once production begins. The combined financing provides LaFleur with full capital to support gold production restart at a capacity of up to 750 tons per day.
The timing of this financing coincides with exceptionally strong gold market conditions, with the precious metal reaching record territory 50 times during 2025 and sustaining prices above $4,000 per ounce for several consecutive months. This sustained price strength creates favorable conditions for gold producers and near-term producers like LaFleur Minerals. The company positions itself as providing investors with a straightforward and accessible way to participate in what it describes as a developing long-term gold rush.
LaFleur's operations are strategically located in Quebec's renowned Abitibi Gold Belt near Val d'Or, one of the world's most productive gold mining regions. The company's flagship operation is scheduled to launch early in the new year, marking its transition from gold explorer to near-term producer. This development represents a significant milestone for the company and its investors, as production capability typically enhances revenue potential and operational stability compared to pure exploration companies.
Investors seeking additional information about LaFleur Minerals can find the latest news and updates in the company's newsroom at https://ibn.fm/LFLRF. The scientific and technical information regarding the company's projects has been reviewed and approved by Louis Martin, P.Geo., who serves as Exploration Manager and Technical Advisor and is considered a Qualified Person under NI 43-101 standards. This financing development comes as the broader mining industry continues to adapt to evolving market conditions and investor expectations regarding precious metal exposure.
