LaFleur Minerals Secures Financing and Offtake Deal with Trafigura for Beacon Gold Mill Restart

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has taken a significant step toward restarting operations at its Beacon Gold Mill by securing a term sheet with Trafigura Canada Limited for a prepayment financing facility and gold doré purchase agreement. The deal, subject to definitive documentation and closing conditions, could provide up to C$30 million in prepayment financing, underpinning the company's plan to resume commercial production in the next quarter.

The Beacon Gold Mill, located in the prolific Abitibi Greenstone Belt in Quebec, is expected to initially process 750 metric tons per day (TPD), with a target to ramp up to 1,250 TPD. The mill's restart will begin with processing a bulk sample from LaFleur's nearby Swanson Gold Project, situated within a 20-minute drive of Val d'Or, Quebec—a hub for mining technical resources and skilled labor.

Trafigura Canada Limited, part of one of the world's largest independent physical commodity trading companies, will provide the financing and offtake agreements. This partnership helps secure the restart capital needed for the mill and ensures a market for the gold production. The company's first anticipated gold pour is expected soon after operations begin.

The Swanson Gold Project's proximity to the mill offers logistical advantages, reducing transportation costs and enabling efficient processing. The project is strategically located to leverage the existing infrastructure in the region, which has a long history of gold mining.

All scientific and technical information in the announcement has been reviewed by Louis Martin, P.Geo., Exploration Manager and Technical Advisor of LaFleur, who is a Qualified Person under NI 43-101. The company's newsroom at https://ibn.fm/LFLRF provides further updates on LFLRF.

This development is important for LaFleur as it transitions from a near-term gold developer to a producer. The financing and offtake agreement with a major commodity trader like Trafigura lends credibility to the project and mitigates financial risk. For investors, it signals that the company has secured the necessary backing to advance its production plans in a Tier 1 mining jurisdiction.

The Abitibi Greenstone Belt is one of Canada's most prolific gold-producing regions, hosting numerous past and present mines. LaFleur's ability to restart the Beacon Gold Mill quickly, given its existing infrastructure, positions the company to capitalize on current gold prices. The mill's scalable capacity allows for future expansion as additional resources are defined.

As LaFleur moves toward production, the company will need to meet remaining conditions, including finalizing definitive agreements and completing due diligence. However, the term sheet with Trafigura marks a critical milestone in de-risking the project and advancing toward the first gold pour.

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