Blockchain Registration Transaction Record

LaFleur Minerals Inks Gold-Silver Deal with Ocean Partners

LaFleur Minerals signs gold & silver purchase deal with Ocean Partners for Swanson Gold Project; secures up to US$5M advance to support mine-to-mill strategy.

This agreement provides LaFleur Minerals with a clear path to monetize its Swanson Gold Project while securing potential working capital of up to US$5 million. The deal eliminates the need for equity dilution or warrants, which is favorable for existing shareholders. By processing material at its own Beacon Gold Mill, LaFleur maintains control over its production chain and could achieve cost efficiencies. The Abitibi Gold Belt is a proven mining jurisdiction, and the proximity to major operations like Agnico Eagle’s Canadian Malartic and Eldorado Gold’s Lamaque Complex highlights the region’s potential. For investors, this news signals progress in LaFleur’s mine-to-mill strategy and could de-risk the project as it moves toward production. The termination of the Trafigura term sheet suggests a more definitive and potentially more favorable arrangement. Overall, this development enhances LaFleur’s prospects and could lead to increased shareholder value if the bulk sample and recommissioning are successful.