LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) announced a definitive gold and silver purchase agreement with Ocean Partners UK Limited covering 100% of the precious metals produced from a planned bulk sample at its Swanson Gold Project, to be processed at the company’s wholly owned Beacon Gold Mill in Val-d’Or, Quebec. The agreement includes an option for an unsecured working capital advance of up to US$5 million, available beginning Jan. 1, 2027, to support mining and processing activities. This deal is significant because it provides both a clear offtake route for the company’s gold and silver production and a potential source of non-dilutive financing, strengthening LaFleur’s mine-to-mill development strategy.
The working capital advance carries interest at three-month CME SOFR plus 7.50% and is repayable through deductions from gold and silver deliveries, with no prepayment penalties, arrangement fees, equity or warrants. This structure is particularly favorable for a junior miner, as it avoids equity dilution and preserves shareholder value while providing the necessary funds to advance the Swanson Gold Project. The agreement also supports LaFleur Minerals’ mine-to-mill development strategy as it advances the Swanson Gold Project and continues recommissioning work at the Beacon Gold Mill. The company is also conducting environmental and geotechnical studies to support required permits.
Following execution of the agreement, LaFleur will not proceed with its previously announced nonbinding term sheet with Trafigura Canada Limited. This decision underscores the company’s confidence in the Ocean Partners deal, which offers more concrete and favorable terms. The agreement represents a key milestone for LaFleur Minerals, as it transitions from exploration to production. The Beacon Gold Mill, recently refurbished, is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. The Swanson Gold Project is approximately 20,642 hectares (206 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining.
LaFleur Minerals has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold targets and several others that make up the Swanson Gold Project. The project is located approximately 55 kilometres north of Val-d’Or in the Abitibi Greenstone Belt, one of the world’s most prolific gold-producing regions. The Val-d’Or-Malartic mining district, 50 to 75 kilometres south and southwest of Swanson, hosts several operating mines and advanced projects, including Agnico Eagle’s Canadian Malartic, Goldex and LaRonde mines, Eldorado Gold’s Lamaque Complex, Fresnillo’s Novador project, and Cartier Resources’ Chimo Mine project.
Further northeast, Gold Fields is advancing the Windfall deposit, while Bonterra Resources is advancing the Barry and Gladiator deposits in the Urban-Barry gold camp. Mineralization at these properties is not necessarily indicative of mineralization at the Swanson Gold Project. LaFleur Minerals recently released the results of a positive Preliminary Economic Assessment (“PEA”) results for the Company’s Swanson Gold Project and the planned restart of the Beacon Gold Mill (refer to press release dated March 3, 2026). The latest news and updates relating to LFLRF are available in the company’s newsroom at http://ibn.fm/LFLRF.
This news is important because it demonstrates LaFleur Minerals’ ability to secure favorable financing and offtake arrangements, which are critical for advancing mining projects in a capital-intensive industry. The agreement with Ocean Partners provides financial flexibility and validates the economic potential of the Swanson Gold Project. It also positions LaFleur Minerals as a emerging gold producer in the Abitibi Gold Belt, a region known for its rich mineralization and mining-friendly jurisdiction. For more information about the company, visit LaFleur Minerals and LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0).
The full press release can be viewed at https://ibn.fm/m8kAT. This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising. Rocks & Stocks is a specialized communications platform delivering deep insights into the mining industry. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries. For more information, please visit Rocks & Stocks. Please see full terms of use and disclaimers on the Rocks & Stocks website applicable to all content provided by R&S, wherever published or re-published: https://RocksAndStocks.news/Disclaimer.
