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LaFleur Minerals ( (TSE:LFLR) ) has provided an update.
LaFleur Minerals has closed an upsized, fully subscribed non-brokered private placement under the Listed Issuer Financing Exemption for gross proceeds of $4.7 million, alongside an oversubscribed flow-through unit offering that raised an additional $2.2 million. The financings, supported by a syndicate of Canadian investment dealers, provide the capital needed to restart the company’s 750 tpd Beacon Gold Mill in Val-d’Or and to advance exploration and development at the nearby Swanson Gold Project. With a fully permitted, restart-ready mill and high-grade exploration potential close to the plant, LaFleur aims to move quickly into gold production, pursue early cash flow, and potentially generate incremental revenue by processing third-party material, strengthening its position among junior producers in the Abitibi Gold Belt.
The most recent analyst rating on (TSE:LFLR) stock is a Buy with a C$1.10 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 is a junior Canadian gold company focused on advancing its wholly owned, fully permitted Beacon Gold Mill and the nearby Swanson Gold Project in the Abitibi/Val-d’Or mining district of Québec. By owning existing processing infrastructure and a proximal gold deposit within one of the world’s most prolific gold belts, the company is pursuing a vertically integrated model that seeks to control the full value chain from mineralized material to doré, with potential to process both its own ore and third-party feed.
Average Trading Volume: 163,004
Technical Sentiment Signal: Buy
Current Market Cap: C$36.15M
See more data about LFLR stock on TipRanks’ Stock Analysis page.