Research Report Highlights LaFleur Minerals' Fast-Track Gold Production Potential at Swanson Project

Fundamental Research Corp. has reiterated a BUY rating for LaFleur Minerals Inc. with a fair value estimate of C$1.10 per share, driven by higher gold prices and the company's accelerated production strategy. The research firm's analysis highlights the advanced-stage Swanson gold project in Quebec, noting that mineralized material is expected to be processed at the company's fully permitted 750-tonne-per-day Beacon mill located approximately 50 kilometers away. This proximity enables a fast-track path to production with estimated initial capital expenditures of only US$20 million to US$30 million.

According to the report, the current resource at Swanson is expected to support more than 10 years of operations with average annual production of 10,000 to 15,000 ounces of gold. At current gold prices, this would generate estimated operating profit of approximately US$25 million per year. The research emphasizes that the market is significantly undervaluing both the Beacon mill and the Swanson resource relative to LaFleur's market capitalization. The full research report is available at https://ibn.fm/WQm8q.

Near-term catalysts identified in the report include a preliminary economic assessment and updated resource estimate scheduled for January 2026, along with bulk sampling, mill restart activities, and potential toll milling agreements. These developments could unlock additional shareholder value as the company progresses toward production. The Swanson project benefits from easy road access to several nearby gold mills, further enhancing its development potential beyond the Beacon facility.

The research coverage comes as LaFleur Minerals focuses on developing district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. The company has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings. The Beacon Gold Mill, which is fully permitted and refurbished, is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. Investors can access the latest news and updates relating to the company at http://ibn.fm/LFLRF.

The significance of this research coverage lies in its identification of what appears to be a significantly undervalued asset with clear, near-term production potential. In an industry where development timelines often stretch for years or decades, LaFleur's combination of an advanced-stage project with existing processing infrastructure represents a relatively low-risk path to gold production. The modest capital requirements compared to typical mining projects, combined with the potential for immediate cash flow generation, create a compelling investment thesis that could attract attention from both institutional and retail investors seeking exposure to the gold sector.