LaFleur Minerals Secures Financing and Offtake Terms with Trafigura for Beacon Gold Mill Restart

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has taken a significant step toward restarting gold production at its Beacon Gold Mill in Quebec by entering into a term sheet with Trafigura Canada Limited for a prepayment financing facility and gold doré purchase agreement. The deal, subject to definitive documentation and due diligence, provides up to C$30 million in financing, securing the capital needed for the mill's restart and initial ramp-up.

The Beacon Gold Mill, located in the prolific Abitibi Greenstone Belt, is expected to begin operations in the next quarter, processing 750 metric tons per day (TPD) initially, with a target of 1,250 TPD. The company plans to source ore from its nearby Swanson Gold Project, which is within a 20-minute drive of Val d'Or, Quebec, providing access to skilled labor and technical resources.

This arrangement with Trafigura, one of the world's largest independent commodity trading companies, underscores the viability of LaFleur's production plans. The prepayment facility will provide upfront cash in exchange for future gold deliveries, while the offtake agreement ensures a market for the gold doré produced. This financial structure reduces the need for equity dilution and de-risks the restart process.

The restart of the Beacon Gold Mill is a key milestone for LaFleur, which aims to become a near-term gold producer. The company's strategy leverages existing infrastructure and a permitted mill to accelerate production. The Abitibi region is one of Canada's most prolific gold-producing areas, with a long history of mining and established infrastructure.

Louis Martin, P.Geo., the company's Exploration Manager and Technical Advisor, has reviewed and approved the scientific and technical information in this release as a Qualified Person under NI 43-101. For more information, visit the company's newsroom at https://ibn.fm/LFLRF.

The successful execution of the definitive agreements with Trafigura would provide LaFleur with the financial foundation to advance its production timeline and potentially unlock value for shareholders. The company's focus on restarting an existing mill with a nearby resource positions it to capitalize on current gold prices and market conditions.