Targeting Production Start in Early 2026

LFLR has risen 74% since our October 2024 report, with plans to restart the 750 tpd Beacon gold mill in Quebec’s Abitibi Gold Belt by early 2026. The company’s Swanson gold project and fully permitted mill are key assets. An independent study pegs mill restart costs at $4M, with full replacement at $72M, against a $39M market cap, suggesting undervaluation. Total restart costs, including Swanson pre-development, are now estimated at US$10M. A bulk sampling program at Swanson could yield 4 Koz of...