LaFleur Minerals Extends Trafigura Exclusivity, Reports Beacon Gold Mill 84% Complete

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced an extension of its 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. This financing 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.

In a separate update, LaFleur Minerals 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 progress at the Beacon Gold Mill is a key milestone for LaFleur Minerals, which is focused on district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The company's Swanson Gold Project encompasses approximately 19,214 hectares and includes the Swanson, Bartec, and Jolin gold deposits. The Beacon Gold Mill, capable of processing over 750 tonnes per day, is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. LaFleur recently released positive Preliminary Economic Assessment (PEA) results for the Swanson Gold Project and the planned restart of the Beacon Gold Mill, as detailed in a press release dated March 3, 2026.

The extension of the exclusivity period with Trafigura underscores the potential for a significant non-dilutive financing arrangement that could accelerate development at Swanson and the mill restart. Investors can find the full press release at https://ibn.fm/7rTzA and stay updated on LaFleur Minerals news at http://ibn.fm/LFLRF.