Lafleur closes $4.69M LIFE, $2.2M FT offerings

Executive Summary

• Lafleur Minerals Inc. has closed an upsized, fully subscribed non-brokered private placement of units under the Listed Issuer Financing Exemption (LIFE) and a flow-through offering (FT), raising a combined total of approximately $6.9 million.
• The capital raise is intended to fund the restart of the company's wholly owned, permitted Beacon gold mill and advance exploration at the nearby Swanson gold project, with preliminary economic assessment (PEA) results expected in mid-January 2026.
• The transaction included significant warrant components for both offerings and involved multiple investment banks as advisers, with gross proceeds allocated to exploration, mill operations, and working capital.

Key Details

• LIFE Offering Details:
  • Closed as an upsized, fully subscribed non-brokered private placement.
  • Price: $0.50 per unit.
  • Gross Proceeds: $4,695,000.
  • Structure: Each unit consists of one common share and one transferable common share purchase warrant.
  • Warrant Terms: Exercisable at $0.75 per share for 36 months from issuance.
  • Exemption: Listed Issuer Financing Exemption (NI 45-106); no hold period.
  • Use of Proceeds: Advancement of exploration at Swanson gold project, operational purposes for Beacon mill restart, working capital, and general corporate expenses.
• Flow-Through Offering (FT) Details:
  • Closed as an oversubscribed flow-through offering.
  • Price: $0.60 per flow-through unit.
  • Gross Proceeds: $2,205,421.
  • Structure: Each unit consists of one flow-through common share and one transferable common share purchase warrant.
  • Warrant Terms: Exercisable at $0.75 per share for 24 months from issuance.
  • Accelerated Expiry: Warrants expire early if the share price closes at or above $0.90 for 14 consecutive trading days (notice given 30 business days prior).
• Finder’s Fees and Costs:
  • Aggregate cash finder’s fees paid: $480,229.43.
  • Aggregate non-transferable finders’ warrants issued: 909,466 warrants.
  • Finder’s Warrant Terms: Exercisable at $0.75 per share for 24 months.
• Strategic Context & Operations:
  • Beacon Gold Mill: Wholly owned, fully permitted, 750-tonne-per-day capacity, refurbished, and ready for restart. Located in the Abitibi gold belt near Val d'Or, Quebec.
  • Swanson Gold Project: High-grade gold project located in close proximity to the mill, intended as the primary source of mill feed to reduce haulage costs.
  • Production Timeline: Company intends to start with 10,000 to 20,000 metric tonnes of mineralized stockpiles remaining on the Beacon mill site. Preliminary Economic Assessment (PEA) results for the mill restart and Swanson project are expected mid-January 2026.
  • Advisers: FMI Securities Inc. (special adviser/selling group), Red Cloud Securities Inc., Ventum Financial Corp., Canaccord Genuity Group Inc., Research Capital Corp., Raymond James Ltd., and Stonegate Securities Ltd.

Notable Quotes

• "With both these financings closed, upsized due to demand and oversubscribed, Lafleur is financed for the restart of its Beacon gold mill, intending to source mineralized material from its nearby Swanson gold project and starting with an estimated 10,000 to 20,000 metric tonnes of mineralized stockpiles remaining on the site of its wholly owned Beacon gold mill."
• "The completion of these financings materially derisks Lafleur's business model, enabling the company to advance directly into gold production at its Beacon gold mill while simultaneously unlocking value from its nearby Swanson gold project."
• "Management believes this milestone places Lafleur in a strong position to deliver near-term production, establish cash flow and build a scalable gold platform in Quebec, creating long-term value for shareholders as the company advances toward becoming a sustainable gold producer."