LaFleur Minerals (CSE:LFLR) has upsized a non-brokered private placement to C$4.5 million ($4.94 million) to fund the commissioning and restart of production at the Beacon Gold Mine and mill in Québec.
Under the offer, units will be issued at C$0.50 per unit. Each unit consists of one common share and one common share purchase warrant, exercisable at C$0.75 within a 36-month period.
The placement originally sought to raise a minimum of C$4 million, as reported by Mining.com.au.
The funds will also be used for activities at the Swanson Gold Project in Québec and general working capital.
Beacon is a fully permitted mill to process up to 1.8 million tonnes of tailings, with additional capacity if required.
Swanson has an extensive footprint, multiple target zones, and proximity to key infrastructure – spanning more than 183km2.
LaFleur Minerals is a near-term gold producer focused on producing from its Beacon Gold Mill in 2026.
Write to Aaliyah Rogan at Mining.com.au
Images: LaFleur Minerals
