LaFleur Minerals Secures $6.9 Million to Restart Gold Production at Beacon Mill

LaFleur Minerals Inc. has closed its upsized, fully subscribed LIFE offering and FT offering, raising gross proceeds of over $6.9 million. This financing is intended to fund the restart of its key asset, the Beacon Gold Mill, marking a pivotal milestone for the Canadian gold exploration and development company. The successful offering demonstrates investor confidence in LaFleur's strategy to capitalize on processing opportunities at the Beacon Gold Mill and the overall strength of the gold market.

With these funds, LaFleur will advance its district-scale Swanson Gold Project in Québec's prolific Abitibi Gold Belt and progress toward the near-term restart of gold production at its wholly owned Beacon Gold Mill. The company announced last month that it had upsized the investment opportunity due to high demand, allowing it to fund restart activities to launch gold production. Initial plans involve processing the 10,000-20,000 metric tons of mineralized stockpiles remaining on site at the Beacon Gold Mill.

LaFleur now anticipates 2026 as an especially significant year, both for shareholders and for firmly establishing the company's position as the newest gold producer in Canada's Abitibi belt. The company remains bullish about the gold market and its standing compared to peers. This financing enables LaFleur to move quickly to capitalize on its unique processing opportunities and advance toward production.

In November, LaFleur made significant progress on its Swanson Gold Project by kicking off a confirmation drilling program. This move was intended to bring the company closer to near-term gold production and provide substantial valuation upside. The drilling program also helped validate historical data and advance the project toward development. For company information, investors can visit the company's website at https://www.LaFleurMinerals.com.

The latest news and updates relating to LaFleur Minerals are available in the company's newsroom at https://ibn.fm/LFLRF. This successful financing round represents a critical step in LaFleur's transition from exploration to production, with the Beacon Gold Mill serving as the cornerstone asset for near-term revenue generation. The company's focus on the Abitibi Gold Belt, one of the world's most prolific gold-producing regions, provides additional strategic advantage as it moves toward production.