LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has extended its exclusivity and due diligence period with Trafigura Canada Ltd. through Aug. 31, 2026, as the two 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 facility is intended to support the development of the Swanson Gold Deposit and the restart of the Beacon Gold Mill in Québec. The extension will allow additional technical due diligence, including a planned site visit to the mill and deposit, along with the completion of definitive documentation and required approvals.
LaFleur 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 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 near Val-d'Or, Québec, covers approximately 19,214 hectares (192 km²) and includes several gold and critical metals prospects. The project is easily accessible by road, providing direct access to several nearby gold mills. LaFleur recently released positive results from a Preliminary Economic Assessment for the Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026). The Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson as well as for custom milling operations for other nearby gold projects.
The extension of the exclusivity period with Trafigura underscores the progress being made toward securing financing that would be non-dilutive for shareholders. The proposed prepayment facility and offtake agreement are critical to advancing the Swanson Gold Deposit and bringing the Beacon Gold Mill back into operation. For more details, the full press release is available at https://ibn.fm/7rTzA.
LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt. The company's mission is to advance mining projects with a focus on its PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings. The company's recently refurbished Beacon Gold Mill enhances its development potential by providing processing capabilities for its own material and for custom milling.
