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QUEBEC PEGMATITE HOLDINGS CORP. (WPNNF) is a North American junior mining exploration company specializing in lithium with 100% ownership of properties in Quebec's James Bay and Mazérac regions. The company recently appointed Paul Ténière, a seasoned Professional Geologist and expert in exploration and capital markets, as its new Chief Executive Officer. With significant experience in the industry, Mr. Ténière brings a wealth of knowledge that will drive the company's growth and strategic direction. QPC's flagship properties, Vieux Comptoir and Mazérac, are strategically located near key lithium projects, positioning the company for success in the booming critical minerals sector.
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: WPNNF) has announced the issuance of 4,000,000 common shares as part of exercising its option to acquire a 100% interest in 76 mining claims located in Quebec. The shares were issued at a deemed price of $0.3556 per share. This issuance is related to an Option Agreement with Prospectus Capital Inc., Sukhdeep Sekhon, Fiona Hanson, and Elaine Cooper for the acquisition of the Prospectus Property (24 claims) and the Sekhon Property (52 claims). The properties are situated in Carpentier Township, Barraute Township, and La Morandiere Township in Quebec. This share issuance follows the company's previous announcement on September 5, 2024, regarding the Option Agreement.
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: WPNNF) has announced two significant developments:
1. Uplisting to OTCQB Venture Market: The company's common shares began trading on the OTCQB under the symbol 'WPNNF' on October 7, 2024. This uplisting is expected to provide greater liquidity and a more seamless trading experience for U.S. shareholders. The company will continue to trade on the CSE under 'LFLR'.
2. Appointment of Senior Advisor: Jean Lafleur, a Professional Geologist with 45 years of experience, has been appointed as a Senior Advisor. He will advise on the exploration and development of the Swanson Gold Project, assist with project generation, corporate strategy, and capital raises. Mr. Lafleur's extensive experience in geology and mineral exploration, particularly in Québec and Ontario, is expected to benefit the company significantly.
LaFleur Minerals Inc. (CSE: LFLR) (OTC Pink: WPNNF) announces court approval for the acquisition of Beacon Mill and Property from Monarch Mining The acquisition, valued at $1,100,000, includes $250,000 in cash and $850,000 in common shares. Closing is expected by October 30, 2024.
The company has also begun exploration work on its Swanson Gold Project in the Abitibi Gold Belt, including a high-resolution airborne geophysical survey, soil geochemistry survey, and prospecting/geological mapping. LaFleur Minerals is reviewing a 2009 Agnico Eagle scoping study for the Swanson deposit and evaluating potential mining scenarios.
The Swanson Gold Project recently reported an Indicated Mineral Resource of 123,400 oz gold and an Inferred Mineral Resource of 64,500 oz gold. The company aims to use these exploration programs to guide future drilling and project development.
LaFleur Minerals Inc. (CSE: LFLR) (OTC Pink: WPNNF) has entered into an Option Agreement with Bull Run Capital Inc. to acquire a 100% interest in the Monarch Property, part of the Swanson Gold Project in Quebec's Abitibi Gold Belt. To exercise the option, LaFleur must:
- Issue 8,000,000 shares to the Optionor in two tranches
- Pay $800,000 in cash over one year
- Incur $2,500,000 in exploration expenditures over three years
Upon exercising the option, LaFleur will grant a 2% gross metals returns royalty. The company must also issue 4,000,000 additional shares if it announces an Inferred Mineral Resource Estimate of at least 500,000 gold equivalent ounces. The transaction is considered a "related party transaction" under MI 61-101, as the Optionor's principal is a LaFleur director.
LaFleur Minerals (CSE: LFLR) (OTC Pink: WPNNF) has agreed to acquire the Beacon Gold Mill and Property in the Abitibi Gold Belt, Québec. The fully permitted mill, capable of processing 750 tonnes per day, is located 40 km from LaFleur's Swanson Gold Project. Key highlights include:
- Existing infrastructure and a permitted tailings management pond
- Authorization to process 1.8 million tonnes of tailings
- Property includes mining lease, concession, and 11 mining claims
- Underground infrastructure with ramps, shaft, and surface buildings
The acquisition, subject to court approval on October 4, 2024, positions LaFleur to potentially process material from its Swanson deposit and offer custom milling services. CEO Paul Ténière expressed excitement about creating a district-scale gold project in the Abitibi Gold Belt.
LaFleur Minerals (CSE: LFLR) (OTC Pink: WPNNF) has announced an updated Mineral Resource Estimate (MRE) for its Swanson Property in Québec's Abitibi Gold Belt. The MRE shows:
- Indicated Resource: 2,113,000 t at 1.8 g/t gold for 123,400 oz
- Inferred Resource: 872,000 t at 2.3 g/t gold for 64,500 oz
This represents an 8% increase in Indicated ounces and a 626% increase in Inferred ounces compared to the 2021 estimate. The update incorporates 31 additional drill holes totaling 11,194 m. LaFleur plans to commence further exploration, including geophysical surveys, soil sampling, and drilling in late 2024 and early 2025.
LaFleur Minerals Inc. (CSE: LFLR) (OTC Pink: WPNNF) has announced a strategic partnership with Altitude Capital Consultants Inc. and ECM Capital Advisors Inc. for market advisory and digital marketing services. This collaboration aims to enhance LaFleur's market presence and investor outreach as the company advances its Swanson Gold Project in Quebec's Abitibi Gold Belt.
Key points:
- Altitude will receive a $10,000 monthly fee for 12 months, totaling $120,000
- LaFleur will grant Altitude 2,500,000 share purchase options at $0.35 per share
- Michael A. Wekerle (Altitude) and Eugene C. McBurney (ECM) bring extensive experience in capital markets and mining sector advisory
- LaFleur representatives will attend the 2024 Precious Metals Summit in Beaver Creek, Colorado, from September 10-13
LaFleur Minerals Inc. (CSE: LFLR) (OTC PINK: WPNNF) has entered into an Option Agreement to acquire a 100% interest in 76 mining claims in Quebec, expanding its Swanson Gold Project. The project, located in the Abitibi Gold Belt, now covers approximately 400 mining claims and one Mining Lease spanning over 15,000 ha. LaFleur is finalizing a mineral claims consolidation and expects a NI 43-101 report with an updated Mineral Resource Estimate in September.
To acquire the property, LaFleur must issue 8 million shares, pay $175,000 cash, and incur $1.5 million in exploration expenditures over three years. The company has $1M in flow-thru funds and plans to commence an airborne survey, soil geochemistry survey, mapping, and prospecting, with drilling targets planned for winter 2024-2025.
Lafleur Minerals announced a new loan agreement with Flowing Lithium Exploration. Under this agreement, Flowing Lithium will provide Lafleur Minerals with a $300,000 loan, bearing an annual interest rate of 10%. The loan must be repaid by June 17, 2025.
The funds will be utilized to cover general and administrative expenses.
LaFleur Minerals has exercised its option to acquire 141 mineral claims spanning 5,579 hectares in Quebec's Abitibi Greenstone Belt.
This acquisition, announced on June 17, 2024, from Abcourt Mines Inc. (ABI), involves an initial $500,000 payment for a 25% interest, with the remaining 75% paid through issuing 4,299,211 shares at $0.3489 per share.
Post-acquisition, LaFleur granted ABI a 2% net smelter returns royalty and assumed existing royalty obligations. The property hosts significant gold and polymetallic showings, including 553.28 g/t Au over 0.8m at the Jackson Showing. However, the historical data hasn't been fully verified yet.
The property's geology extends 30 km along a NW to SE trend, providing potential for future mineral exploration and development.
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