LaFleur Minerals ( (TSE:LFLR) ) has shared an announcement.
LaFleur Minerals has signed a Memorandum of Understanding with Granada Gold Mine Inc. to assess the feasibility of processing mineralized material from the Granada Gold Project at the Beacon Gold Mill. This collaboration could lead to a commercial agreement and further studies to evaluate the project’s economics. The MOU facilitates technical data exchange and preliminary assessments, with the potential to create a low-cost, profitable mining operation. The Beacon Gold Mill’s restart aligns with LaFleur’s strategy to benefit from elevated gold prices, aiming for significant revenue generation.
More about LaFleur Minerals
LaFleur Minerals Inc. operates in the mining industry, focusing on gold production and processing. The company owns the Beacon Gold Mill in Val-d’Or, Québec, which is capable of processing over 750 tonnes per day. LaFleur Minerals aims to capitalize on rising gold prices by restarting the Beacon Gold Mill and targeting custom milling of mineralized materials from nearby deposits.
YTD Price Performance: 4900.0%
Average Trading Volume: 6,423
Technical Sentiment Signal: Sell
Current Market Cap: $7.72M
Learn more about LFLR stock on TipRanks’ Stock Analysis page.