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The latest announcement is out from LaFleur Minerals ( (TSE:LFLR) ).
LaFleur Minerals Inc. has successfully completed the first tranche of a private placement, raising $175,019.70 through the issuance of 583,399 units. Each unit consists of a common share and a purchase warrant, with proceeds intended for advancing the company’s mineral properties and general working capital. The company aims to raise a total of up to $1.5 million, with the next tranche planned. This funding supports LaFleur’s strategic focus on resource development, enhancing its industry standing and offering potential benefits to stakeholders.
More about LaFleur Minerals
LaFleur Minerals Inc. is focused on developing district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The company concentrates on advancing the Swanson Gold Project and the Beacon Gold Mill and Property, both of which offer significant potential for long-term value. The Swanson Gold Project spans over 15,000 hectares and includes several gold-rich prospects formerly held by notable mining entities. The project benefits from substantial infrastructure, including road access and a rail line, enhancing its development potential, while the Beacon Gold Mill is equipped to process substantial tonnage and is considered for both Swanson and custom milling operations.
YTD Price Performance: 580.0%
Average Trading Volume: 2,612
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.59M
See more data about LFLR stock on TipRanks’ Stock Analysis page.
