LaFleur Minerals Secures C$30 Million Financing and Offtake Agreement with Trafigura for Québec Gold Development

LaFleur Minerals Inc. has announced a significant financing arrangement with Trafigura Canada Limited that includes a prepayment facility of up to C$30 million and a gold doré offtake agreement to support development of the company’s mining operations in Québec. The agreement, subject to definitive documentation and due diligence, is designed to fund the ramp-up of the Beacon Gold Mill toward processing capacity of 1,250 tonnes per day while providing a pathway for future expansion to 3,000–4,000 tonnes per day.

The financing facility includes no commodity hedging requirements and features an initial tranche of up to C$15 million. This capital injection is expected to accelerate development toward a targeted first gold pour in the second quarter of 2026. The arrangement represents a strategic partnership that provides both immediate funding and long-term market access for LaFleur’s gold production through Trafigura’s global commodities network.

The funding will primarily support development of the Swanson Gold Deposit and operations at the Beacon Gold Mill, both located in the Abitibi Gold Belt near Val-d’Or, Québec. The Swanson Gold Project encompasses approximately 19,214 hectares and includes several gold and critical metals prospects previously held by established mining companies including Monarch Mining, Abcourt Mines, and Globex Mining. The company has consolidated a substantial land package along a major structural break that hosts multiple gold deposits and showings.

LaFleur’s recently refurbished Beacon Gold Mill currently has capacity to process over 750 tonnes per day and is being considered for processing mineralized material from the Swanson project as well as potential custom milling operations for other nearby gold projects. The company recently released positive Preliminary Economic Assessment results for the Swanson Gold Project and the planned restart of the Beacon Gold Mill, as detailed in their March 3, 2026 press release available at https://ibn.fm/hiCsw.

The strategic importance of this financing arrangement extends beyond immediate capital needs. By securing both funding and a guaranteed market for future gold production through Trafigura, LaFleur has addressed two critical challenges facing mining development projects: access to capital and product marketing. The absence of commodity hedging requirements provides additional flexibility in managing price risk, while the offtake agreement ensures a ready market for the gold doré produced.

This development represents a significant step forward for LaFleur’s district-scale gold projects in one of Canada’s most established mining regions. The Abitibi Gold Belt has historically been a prolific gold-producing region, and the Swanson Gold Project’s accessibility by road and proximity to multiple gold mills enhances its development potential. The company’s latest news and updates relating to its operations are available in their newsroom at http://ibn.fm/LFLRF.

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