LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) announced that it has extended the exclusivity and due diligence period with Trafigura Canada Ltd. through Aug. 31, 2026, as the parties continue advancing proposed definitive agreements for a non-dilutive prepayment facility of up to C$30 million and a related gold doré offtake agreement to support development of the Swanson Gold Deposit and restart of the Beacon Gold Mill in Québec. The extension will allow additional technical due diligence, including a planned site visit to the Beacon Gold Mill and Swanson Gold Deposit, along with completion of definitive documentation and required approvals.
LaFleur Minerals also reported that refurbishment of its wholly owned Beacon Gold Mill reached approximately 84% completion as of July 1, 2026, and remains on budget. The company said major work on the crushing, grinding, filtration, ore-storage and thickening circuits has been substantially completed, with remaining work focused on the leaching circuit, refinery commissioning and supporting infrastructure. Subject to delivery of remaining equipment and other conditions, the company expects to complete mechanical work and begin staged commissioning using existing stockpiles during the fourth quarter of 2026.
The extension of the exclusivity period with Trafigura underscores the strategic importance of the potential financing, which would provide non-dilutive capital to advance the Swanson Gold Project. The project, located in the Abitibi Gold Belt near Val-d'Or, Québec, encompasses approximately 19,214 hectares and hosts several gold and critical metals prospects. The recently refurbished Beacon Gold Mill, capable of processing over 750 tonnes per day, is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.
LaFleur Minerals recently released results of a positive Preliminary Economic Assessment (PEA) for the Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026). The PEA highlights the economic viability of the project, which benefits from existing infrastructure and road access to several nearby gold mills.
The advancement of the Swanson Gold Project and the Beacon Gold Mill restart are significant for LaFleur Minerals as they aim to establish a district-scale gold production hub in a historically prolific mining region. The potential Trafigura facility would provide the necessary capital without diluting existing shareholders, while the mill completion timeline positions the company for near-term production.
For more details, visit the full press release at https://ibn.fm/7rTzA.
