LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced an extension of the exclusivity and due diligence period with Trafigura Canada Ltd. through August 31, 2026, as both parties continue to negotiate definitive agreements for a non-dilutive prepayment facility of up to C$30 million and a related gold doré offtake agreement. The funding is intended to support the development of the Swanson Gold Deposit and the restart of the Beacon Gold Mill in Québec. The extension allows for additional technical due diligence, including a planned site visit to the mill and deposit, along with the completion of definitive documentation and required approvals.
In a separate update, LaFleur reported that refurbishment of its wholly owned Beacon Gold Mill has reached approximately 84% completion as of July 1, 2026, and remains on budget. Major work on the crushing, grinding, filtration, ore-storage, and thickening circuits has been substantially completed. Remaining work is 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 Swanson Gold Project, located in the Abitibi Gold Belt near Val-d’Or, Québec, spans approximately 19,214 hectares and includes several gold and critical metals prospects. The project is easily accessible by road, providing direct access to nearby gold mills. A positive Preliminary Economic Assessment (PEA) for the Swanson project and the planned restart of the Beacon Mill was released earlier this year. The Beacon 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 projects.
For further details, the full press release is available at https://ibn.fm/7rTzA. More information about LaFleur Minerals can be found at http://ibn.fm/LFLRF.
