LaFleur Minerals Secures $1.66 Million in Flow-Through Funding for Abitibi Gold Project Development

LaFleur Minerals Inc. has successfully closed a flow-through private placement offering generating aggregate gross proceeds exceeding $1.66 million to support the company's strategic initiatives in the Abitibi Gold Belt. The funding will primarily finance exploration activities and Preliminary Economic Assessment-related work at the Swanson Gold Project, while also supporting eligible ore sorting and metallurgical test work necessary for restarting operations at the company's wholly owned Beacon Gold Mill by early next year.

The Swanson Gold Project represents LaFleur's flagship advanced-stage exploration property, featuring district-scale potential with over 36,000 metres of historic drilling already completed. Initial assay results from test drilling have revealed multiple mineralized zones and geological conditions favorable for developing a near-surface, open-pit mining operation. The project's strategic location within the prolific Abitibi Gold Belt provides significant advantages for gold exploration and development, with the company planning to use Swanson as a source for gold bulk sample extraction from its proposed open-pit mining activities.

The flow-through financing structure enables investors to receive tax benefits while providing essential capital for the company's exploration programs. This funding mechanism is particularly important for mineral exploration companies operating in Canada, as it helps accelerate discovery and development timelines. The company's technical team, led by Qualified Person Louis Martin, P.Geo., has reviewed all scientific information related to the project, ensuring compliance with NI 43-101 standards for mineral resource disclosure.

Investors seeking additional information about LaFleur Minerals can access the latest updates through the company's dedicated newsroom at https://ibn.fm/LFLRF. The successful completion of this financing round demonstrates continued investor confidence in LaFleur's strategy to advance toward gold production in one of Canada's most established mining regions. The combination of the Swanson Gold Project's exploration potential and the existing Beacon Gold Mill infrastructure positions the company for potential near-term production capabilities, subject to successful exploration results and regulatory approvals.