Curated News
By: NewsRamp Editorial Staff
October 13, 2026
LaFleur Minerals Inks Gold-Silver Deal with Ocean Partners
TLDR
- LaFleur Minerals secures a US$5 million working capital advance from Ocean Partners for the Swanson Gold Project, gaining a strategic funding edge.
- LaFleur Minerals will sell all gold and silver from the Swanson bulk sample to Ocean Partners, with an optional US$5 million advance repayable via delivery deductions.
- LaFleur Minerals' agreement with Ocean Partners supports responsible gold development in Quebec, potentially creating jobs and economic benefits for local communities.
- LaFleur Minerals' Swanson Gold Project is located in the Abitibi Gold Belt, a prolific region hosting mines like Agnico Eagle's Canadian Malartic.
Impact - Why it Matters
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.
Summary
LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced a definitive gold and silver purchase agreement with Ocean Partners UK Limited that covers 100% of the precious metals produced from a planned bulk sample at its Swanson Gold Project. The material will 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. This financing structure provides LaFleur with flexibility and aligns repayment with production.
The agreement supports LaFleur Minerals’ mine-to-mill development strategy as it advances the Swanson Gold Project and continues recommissioning work 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. The Swanson Gold Project is approximately 20,642 hectares and is located in the Abitibi Greenstone Belt, one of the world’s most prolific gold-producing regions. The 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 (refer to press release dated March 3, 2026).
LaFleur Minerals is focused on district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Quebec. The company’s mission is to advance mining projects with a laser focus on its PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The latest news and updates relating to LFLRF are available in the company’s newsroom at http://ibn.fm/LFLRF. This article has been disseminated on behalf of LaFleur Minerals and may include paid advertising.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, LaFleur Minerals Inks Gold-Silver Deal with Ocean Partners
