LaFleur Minerals Secures C$30 Million Financing and Offtake Agreement with Trafigura for Québec Gold Development
LaFleur Minerals has secured up to C$30 million in financing and a gold offtake agreement with Trafigura to advance its Swanson Gold Project and Beacon Gold Mill in Québec, positioning the company for production by 2026.
LaFleur Minerals Inc. has announced a significant financing arrangement with Trafigura Canada Limited, securing up to C$30 million in prepayment financing along with a gold doré offtake agreement. This development supports the advancement of the Swanson Gold Deposit and operations at the Beacon Gold Mill in Québec, subject to definitive agreements and due diligence. The agreement represents a crucial step forward for the company's development plans in the Abitibi Gold Belt region.
The proposed facility includes an initial tranche of up to C$15 million and notably contains no commodity hedging requirements. This financing is expected to fund the ramp-up toward achieving 1,250 tonnes per day processing capacity at the Beacon Gold Mill, while also providing a clear pathway for future expansion to 3,000–4,000 tonnes per day. The company is advancing toward a targeted first gold pour in the second quarter of 2026, making this financing timely for development activities.
The Swanson Gold Project encompasses approximately 19,214 hectares and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a substantial land package along a major structural break that hosts multiple gold deposits and showings. The project's accessibility by road allows direct access to several nearby gold mills, enhancing its development potential significantly.
LaFleur's recently refurbished Beacon Gold Mill is currently capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson as well as for custom milling operations for other nearby gold projects. The company recently released positive Preliminary Economic Assessment results for the Swanson Gold Project and the planned restart of the Beacon Gold Mill, as detailed in their March 3, 2026 press release available at https://ibn.fm/hiCsw.
This financing arrangement with Trafigura, a major global commodities trader, provides LaFleur with both capital and market access through the offtake agreement. The partnership validates the economic potential of the Swanson Gold Project and supports the company's mission to advance mining projects with a focus on delivering long-term value. The latest news and updates relating to LaFleur Minerals are available in the company's newsroom at http://ibn.fm/LFLRF.
The development comes as the mining sector continues to seek financing for new projects amid evolving market conditions. LaFleur's ability to secure this level of financing without commodity hedging requirements demonstrates confidence in the project's economics and the company's development strategy. The arrangement positions LaFleur to advance toward production while maintaining flexibility in future gold sales.