# LaFleur Minerals Signs Gold and Silver Offtake Agreement With Ocean Partners

- URL: https://stocks.freetheai.org/news/lafleur-minerals-signs-gold-and-silver-offtake-agreement-with-ocean-partners-fde317
- Published: 2026-10-14T14:59:22Z
- Category: company_news; sentiment: mixed; impact: medium
- Symbols: [CSE:LFLR](https://stocks.freetheai.org/symbols/CSE-LFLR)
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LaFleur Minerals Inc. (LFLR) has entered into a gold and silver purchase agreement with Ocean Partners for all metal recovered from a planned bulk sample at its Swanson project. As part of the arrangement, the company also secured an option to receive an unsecured working capital advance of up to $5 million beginning January 1, 2027.

The deal establishes a confirmed buyer for near-term production while giving LaFleur access to non-dilutive liquidity to support mining and milling operations. The advance carries an interest rate of three-month CME SOFR plus 7.50%, with repayment handled directly through future metal deliveries rather than equity or warrant issuance. In connection with the agreement, a prior term sheet with Trafigura was dropped, consolidating the company's offtake and funding arrangements under Ocean Partners.

Investors will likely track upcoming operational developments, including regulatory permits, the start of bulk sampling, and performance at the Beacon Mill. Shares of LaFleur Minerals Inc. were trading down 6.15% at 0.305 CAD following the announcement.

## Key points

- LaFleur Minerals signed a purchase agreement with Ocean Partners covering 100% of gold and silver from its Swanson bulk sample.
- The company holds an option for an unsecured working capital advance of up to $5 million starting January 1, 2027.
- The advance carries an interest rate of 3M CME SOFR plus 7.50% and is repayable through future metal deliveries with no equity dilution.
- A previous term sheet with Trafigura was terminated as financing and purchase terms were consolidated with Ocean Partners.

## Questions and answers

### What agreement did LaFleur Minerals sign with Ocean Partners?

LaFleur Minerals signed a purchase agreement giving Ocean Partners 100% of the gold and silver produced from its planned Swanson bulk sample, along with an option for up to $5 million in working capital.

### What are the terms of LaFleur Minerals' $5 million financing advance?

Starting January 1, 2027, LaFleur can access an unsecured advance repayable through metal deliveries at an interest rate of 3-month CME SOFR plus 7.50%, with no equity or warrant fees.

### What happened to LaFleur Minerals' term sheet with Trafigura?

LaFleur dropped its term sheet with Trafigura to consolidate its metal purchase and financing arrangements with Ocean Partners.