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LaFleur Minerals ( (TSE:LFLR) ) has shared an announcement.
LaFleur Minerals Inc. has announced an increase in its non-brokered private placement offering, raising it to 9,000,000 units at $0.50 per unit, with gross proceeds expected to reach $4,500,000. The funds will be used to restart gold production at the Beacon Gold Mine and Mill and for work on the Swanson Gold Project in Quebec. The offering is part of the company’s strategy to enhance its operations and strengthen its position in the gold mining industry, with implications for stakeholders including potential growth and increased project development.
The most recent analyst rating on (TSE:LFLR) stock is a Buy with a C$1.04 price target. To see the full list of analyst forecasts on LaFleur Minerals stock, see the TSE:LFLR Stock Forecast page.
More about LaFleur Minerals
LaFleur Minerals Inc. is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The company aims to advance mining projects with a focus on the Swanson Gold Deposit and the Beacon Gold Mill, which have significant potential for long-term value. The Swanson Gold Project spans approximately 18,304 hectares and includes several gold and critical metal prospects.
Average Trading Volume: 169,096
Technical Sentiment Signal: Buy
Current Market Cap: C$42.06M
Find detailed analytics on LFLR stock on TipRanks’ Stock Analysis page.