LaFleur Minerals (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. The 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.
The deal matters because it provides both a confirmed offtake route and potential non-dilutive funding for LaFleur as it advances the Swanson Gold Project toward production. The agreement supports the company’s mine-to-mill development strategy, which aims to integrate mining at Swanson with processing 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.
LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Quebec. The Swanson Gold Project is approximately 20,642 hectares in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. 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 company’s recently refurbished Beacon Gold Mill 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. LaFleur recently released positive Preliminary Economic Assessment results for the Swanson Gold Project and the planned restart of the Beacon Gold Mill, as detailed in a press release dated March 3, 2026.
For investors seeking the latest news and updates relating to LFLRF, the company maintains a newsroom at http://ibn.fm/LFLRF. The full press release can be viewed at https://ibn.fm/m8kAT.
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