AUSTIN, Texas — January 20, 2026 — Leads & Copy — LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE:3WK0) is strategically positioned to restart production at its Beacon Gold Mill after securing $7.8 million in financing. The Québec-based gold company is transitioning from explorer to producer, a point where valuation re-ratings historically accelerate.
LaFleur controls advanced exploration assets and fully permitted production infrastructure in a prolific gold region. The company owns the Beacon Gold Mill outright, a modern facility that has already undergone substantial upgrades. LaFleur is also advancing its wholly owned Swanson Gold Project as a near-term source of mineralized material.
LaFleur’s near-term strategy involves feeding its Beacon Gold Mill with mineralized material from its Swanson Gold Project. The Swanson Gold Project is LaFleur’s flagship exploration and development asset. As LaFleur moves closer to production, the company is taking steps to de-risk its development pathway through bulk sampling and advanced economic analysis.
The Beacon Gold Mill is central to LaFleur’s investment thesis and has a replacement valuation nearly twice the company’s current market cap. Trial runs of processing on-site stockpiled material are targeted for Q1 2026.
Spot gold has recently climbed above $4,600 per ounce, and analysts have forecast that gold could trade above $5,000 per ounce in 2026. As gold prices hit these levels, producing gold-mining companies, particularly those nearing production, stand to benefit from expanded margins and stronger cash flows.
The C$7.8 million financing included the closing of an upsized LIFE offering with gross proceeds of approximately C$4.7 million, an oversubscribed flow-through offering generating about C$2.2 million and a final hard-dollar tranche of roughly C$900,000. These transactions provide the financial momentum required to advance mill restart activities and continued development of the Swanson Gold Project.
LaFleur prepares to complete its Preliminary Economic Assessment (PEA), outlining a plan for sourcing mineralized material from Swanson and processing that material at the nearby Beacon Gold Mill. The PEA is expected to incorporate updated geological data, mining scenarios, metallurgical performance and cost assumptions. The proximity of Swanson to the Beacon Gold Mill allows LaFleur to envision trucking ore for processing.
The Swanson Gold Project is supported by more than 36,000 meters of historical drilling that have delineated multiple gold-bearing structures across the property. Current mineral resource estimates stand at approximately 123,000 ounces of gold in the indicated category and 64,500 ounces inferred. Swanson’s land position encompasses more than 18,300 hectares.
LaFleur initiated a 7,500-meter diamond drilling program targeting more than 50 prospective zones across Swanson and satellite areas. The company is advancing a focused twin-hole drilling program at the main Swanson deposit to validate historical results, improve resource confidence, and collect fresh core for metallurgical and ore-sorting tests.
The permitting process is underway for a bulk sample of approximately 100,000 tonnes from the Swanson Gold Project, with an estimated average grade of around 1.9 grams per tonne gold.
Located in Val-d’Or, Québec, the Beacon Gold Mill is fully permitted and capable of processing more than 750 tonnes per day, with expansion potential. It was acquired out of the Monarch Mining CCAA process in 2024 and had already benefited from approximately C$20 million in upgrades completed as recently as 2022. The estimated cost to rehabilitate and restart the mill is in the range of C$5 to C$6 million.
LaFleur has outlined a budget of approximately C$5 to C$6 million to bring the mill back into operation over a six- to eight-month period. The objective is to begin ramp-up early this year, achieving steady-state operations within a few months.
Barrick Mining Corporation’s (NYSE: B) (TSX: ABX) Fourmile project in Nevada is cementing its position as one of the century’s greatest gold discoveries. Cartier Resources Inc. (TSX.V: ECR) reported results of the Updated Mineral Resource Estimate (MRE) on its 100% owned flagship Cadillac Project, located in the Abitibi region. Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) has announced its intention to spin-out its wholly owned subsidiary, Seabridge Gold (NWT) Inc. Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) has provided the latest results from the Novador in-fill drill program on its 100%-owned Novador property, which is located in Quebec.
Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of LaFleur Minerals, has reviewed and approved the scientific and technical information in the Market Awareness Profile.
Source: LaFleur Minerals Inc.
