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LaFleur Minerals ( (TSE:LFLR) ) has issued an update.
LaFleur Minerals has closed a non-brokered hard dollar private placement of 1.8 million units at $0.50 per unit for gross proceeds of $900,000, with each unit comprising one common share and one warrant exercisable at $0.75 for 36 months. Together with previously completed LIFE and flow-through financings, the company has now raised a total of approximately $7.8 million to fund the commissioning and restart of production at its Beacon Gold Mill, advance work at the Swanson Gold Project in Val-d’Or, Québec, and support general working capital, marking a key shift from exploration to near-term production and strengthening its financial footing in the Abitibi gold sector as it finalizes a preliminary economic assessment for integrating Swanson ore with the Beacon mill.
The most recent analyst rating on (TSE:LFLR) stock is a Hold with a C$0.42 price target. To see the full list of analyst forecasts on LaFleur Minerals stock, see the TSE:LFLR Stock Forecast page.
Spark’s Take on TSE:LFLR Stock
According to Spark, TipRanks’ AI Analyst, TSE:LFLR is a Neutral.
The score is driven primarily by weak financial performance (no revenue, widening losses, and substantial cash burn), which increases reliance on external funding despite currently modest leverage. Technicals also weigh on the score, with a bearish trend and negative MACD, while oversold readings only partially mitigate. Valuation is constrained by a negative P/E and no dividend yield data.
To see Spark’s full report on TSE:LFLR stock, click here.
More about LaFleur Minerals
LaFleur Minerals Inc. is a Canadian mineral exploration and development company focused on district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Its primary assets include the resource-stage Swanson Gold Project, covering roughly 18,304 hectares with multiple gold- and critical metal-rich prospects, and the fully refurbished and permitted Beacon Gold Mine and Mill, positioning the company to transition from exploration toward near-term gold production in a well-established mining camp.
YTD Price Performance: -2.22%
Average Trading Volume: 178,655
Technical Sentiment Signal: Hold
Current Market Cap: C$32.47M
Find detailed analytics on LFLR stock on TipRanks’ Stock Analysis page.