LaFleur Minerals (CSE:LFLR) has arranged a non-brokered hard-dollar private placement for up to C$1 million ($1.08 million), due to the additional demand to participate in a finance offering.
Two million shares will be issued at C$0.50 per share, with each share comprising one common share and one common share purchase warrant. The warrants will be exercisable at C$0.75 per share within 36 months.
The placement is expected to close on or about 5 January 2026.
LaFleur Minerals says the funds will be used to commission and restart gold production operations at the Beacon Gold Mine in Québec, Canada, as well as activities at the Swanson Gold Project and general working capital.
In November 2025, the company conducted a brokered private placement to raise C$7 million, followed by an upsized non-brokered placement as previously reported.
FMI Securities acted as the lead agent and sole bookrunner to the November financing offer.
The Beacon Gold Mine uses a merrill crowe process and is capable of processing 750 tonnes per day of gold. The mill is fully permitted to process up to 1.8 million tonnes of tailings, with additional capacity if required.
The Swanson Gold Project lies within the Abitibi Gold Belt covering 18,304 hectares.
LaFleur Minerals is a gold-focused explorer and developer focused on discoveries in the Abitibi gold belt near Val d’Or, Québec, Canada.
Write to Aaliyah Rogan at Mining.com.au
Images: LaFleur Minerals
