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. The facility is intended to support development of the Swanson Gold Deposit and the restart of the Beacon Gold Mill in Québec. The extension allows additional technical due diligence, including a planned site visit to the mill and deposit, along with completion of definitive documentation and required approvals.
LaFleur Minerals also 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 focuses 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. LaFleur recently released positive Preliminary Economic Assessment (PEA) results for the Swanson Gold Project and the planned restart of the Beacon Gold Mill (see press release dated March 3, 2026). The 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.
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