LaFleur Minerals Closes Upsized, Fully Subscribed LIFE Offering and FT Offering

Core Viewpoint - LaFleur Minerals Inc. has successfully completed two financing rounds, raising a total of $6,900,421 to fund the restart of its Beacon Gold Mill and advance its Swanson Gold Project, positioning the company for near-term gold production and cash flow generation [1][2][4]. Financing Details - The non-brokered private placement (LIFE Offering) raised gross proceeds of $4,695,000 at a price of $0.50 per unit, while the Flow-Through Offering generated $2,205,421 at a price of $0.60 per unit [1][2]. - Each LIFE Unit consists of one common share and one warrant, allowing the purchase of an additional share at $0.75 for 36 months [8]. - Each Flow-Through Unit includes one common share and one warrant, with similar purchase terms as the LIFE Offering but valid for 24 months [9]. Operational Strategy - The funding will enable the restart of the Beacon Gold Mill, which has a capacity of 750 tonnes per day and is fully permitted and in good condition, significantly reducing execution risk compared to new mill construction [5][4]. - The company plans to source mineralized material from the nearby Swanson Gold Project, which is expected to provide 10,000-20,000 metric tons of stockpiles for initial operations [2][6]. Project Potential - The Swanson Gold Project is strategically located within the Abitibi Greenstone Belt, known for its historical gold production exceeding 200 million ounces, and is expected to be a primary source of mill feed [6][4]. - The company aims to define high-grade zones at Swanson to transition quickly into production, supporting a low-capex, staged production model [6][7]. Value Creation - The combination of a restart-ready gold mill and a high-grade gold project positions LaFleur as a differentiated junior gold company with a clear growth strategy, aiming to establish cash flow and long-term shareholder value [7][4].