LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has extended the exclusivity and due diligence period with Trafigura Canada Ltd. through Aug. 31, 2026, as the parties continue to advance proposed definitive agreements for a non-dilutive prepayment facility of up to C$30 million and a related gold doré offtake agreement. The extension allows for additional technical due diligence, including a planned site visit to the Beacon Gold Mill and Swanson Gold Deposit, along with completion of definitive documentation and required approvals. The facility is intended to support development of the Swanson Gold Deposit and the restart of the Beacon Gold Mill in Québec.
The company also reported that refurbishment of its wholly owned Beacon Gold Mill 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, with remaining work 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, is a district-scale project covering approximately 19,214 hectares. It includes several gold and critical metals prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining. The project is easily accessible by road, providing direct access to several nearby gold mills. LaFleur recently released positive Preliminary Economic Assessment (PEA) results 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, 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. The extension of the exclusivity period with Trafigura and the progress on the mill refurbishment underscore the company's commitment to advancing its assets and securing financing on favorable terms. For more details, visit the full press release at https://ibn.fm/7rTzA.
