Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.
Gold near-term producer and explorer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) recently closed three financing drives for a total of $7.8 million to restart its gold production operations at wholly-owned Beacon Gold Mill located in the renowned Abitibi Gold Belt in Quebec, Canada’s largest gold producing region.
LaFleur’s Beacon Gold Mill is located along Route 117 in Val d’Or, Quebec, and its Swanson Gold Project is situated about 50 km to the north from there, ideal trucking distance to supply the mill with feed. The mill contains crushing, grinding, flotation, regrind, leaching and Merrill‑Crowe circuits capable of processing 750 metric tons of ore each day, while the gold project is building on data from historical drilling and a soon-available Preliminary Economic Assessment (“PEA”) to prepare for new exploration.
LaFleur’s combination of near-term production potential, permitted infrastructure and potential for growth at scale has caught the industry’s attention and the company recently strengthened its public visibility through a report issued by market research agency Zacks SCR, indicating the company is currently priced well below its intrinsic value and growth potential, making it a compelling opportunity for new investors.
“The company is advancing confirmation drilling, a new resource estimate, and a Preliminary Economic Assessment, all of which will underpin a bulk sample permit,” the Zacks announcement states (https://ibn.fm/A8yqL). “With grades and recoveries that could generate more than $25 million in revenue from a 100,000-tonne sample, Swanson represents a credible path to cash flow.”
The recently closed oversubscribed and upsized financings are funding the company’s near-term value pivot and production milestone, with a hard dollar offering, Listed Issuer Financing Exemption (“LIFE”) offering and a tax flow-through eligible offering providing coverage for the modest costs (~$5 million) anticipated to restart the Beacon Gold Mill, which was acquired for just $1.2 million during the prior owner’s bankruptcy proceedings and remains in great operating condition.
The mill has an estimated asset replacement value of about $70 million, highlighting LaFleur’s asset-rich, capital-ready position. Beacon represents a potential secondary revenue stream opportunity for the company outside of processing ore from its wholly owned Swanson, as it can be used to contract for processing projects with other explorers in the region. Agnico Eagle, Eldorado Gold, and Probe Gold/Fresnillo are among some of the major operators in the nearby projects, highlighting the attractiveness of the jurisdiction and greenstone belt.
“Strategically, LaFleur sits adjacent to Fresnillo’s newly acquired Novador project, creating potential transaction value through consolidation or partnership,” the Zacks report adds.
The Swanson Gold Project includes 445 mineral claims and one mining lease, positioning it as a key district-scale gold exploration play. The project covers more than 33 kilometers of strike length with exploration potential and is one of the largest land and mineral packages in the Abitibi belt.
LaFleur’s key positioning in the gold market coincides with a period of banner activity among investors, as the precious metal has repeatedly achieved new record prices well over the $4,500 per ounce mark during the past year and generated expectations that prices may continue to climb (https://ibn.fm/ahFvn).
For more information, visit the company’s website at LaFleurMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF
Qualified Person Statement:
All scientific and technical information contained in this article has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.
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