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FTSE 100 jumps 162 points to 10,466 Brent crude futures fall then rise UK economy contracts 0.1% in April Housebuilders show strong recovery

4.17pm: SpaceX and US consumer confidence

The Footsie is heading towards sealing its strongest session in a while, with a gain over over 160 points currently.

British Aiways owner IAG is top of the leaderboard, up 6.7%, followed by miners and banks.

Both the FTSE 100 and FTSE 250 are up over 1.5%, with mid-cap gains led by miners, air travel stocks and Ceres Power.

Oil prices are softening again, with Brent crude down below $85 a barrel now, 3.5% lower on the day and $10 a barrel below highs at the start of the week.

The SpaceX indicative price is still falling but remains well above the issue price.

Latest was $160 apiece, which would be around a 19% premium to the IPO price.

Elsewhere, the US consumer sentiment has improved this month, with the University of Michigan consumer sentiment index rose to 48.9 in June from 44.8 in May, above the consensus forecast of 46.0.

Grace Zwemmer at Oxford Economics says: "Easing gas prices helped lift consumer sentiment this month. However, consumers are still broadly anxious about the health of the economy.

"Both measures of inflation expectations ticked down in June but remain higher than their pre-war levels. Stability in inflation expectations could help the Federal Reserve view the oil price shock to inflation as a one-off."

3.41pm: SpaceX indicated opening price is higher, but falling

The indicative opening price of SpaceX is falling, but still well above the $135 issue price.

Trading may begin around 12:30pm ET (5.30pm UK) or maybe earlier.

Shares are indicated to open at just $168.75 each, a gain of around 25%.

First it was a $174, then $171 then $170, and now below that.

An extra nugget within the SpaceX story is that Elon Musk, who owns about 42% of SpaceX, is going to become the first dollar trillionaire if the price is much above the issue price.

3.21pm: Iran deal based on performance, says White House insider

A White House official is leaking more information on the Iran deal, presumably to counter the "fake news" statements from Tehran.

Reports citing a senior US administration official stress that any sanctions relief would be strictly conditional on Tehran meeting its commitments.

According to the official, the deal would immediately reopen the Strait of Hormuz, easing the blockage for global energy.

There will be "no money" released to Tehran "until they perform", the reports say, suggesting sanctions relief and access to frozen funds would be tied to verified compliance.

Story Continues

The official also said Iran's nuclear material would be "destroyed and removed" and that the country's nuclear programme would be dismantled under the agreement. In addition, the deal would require Iran to cease funding terrorist groups.

What do markets make of it? Brent crude is up above $86 a barrel again, down 1.1% on the day.

The FTSE is striding higher, led by coppper miners Antofagasta and Anglo American, sandwiching British Airways owner IAG, all up over 5.5%.

Next are banks, precious metals miners, and Rolls-Royce. SpaceX investors Scottish Mortgage is up 3.6%, while fellow big tech investor Polar Capital Tech Trust is up 4.3%, catching up with last night's gains.

There are only nine London blue-chjp names in the red, with losses for BP and Shell trimmed slightly, to 2.2% and 1.9%.

3.10pm: SpaceX price expected at 29% premium

Newswire reports suggest the SpaceX IPO attracted more than $350 billion of total investor demand, including over $250 billion from institutional investors alone, making it one of the most heavily oversubscribed offerings in market history.

Institutional allocations appear to have been skewed towards long-term investors, with around 70% of shares sold to institutions allocated to long-only funds and sovereign wealth fundsm, Reuters reported.

The reports confirm that retail investors received about 20% of the shares sold in the IPO, while lower than the mooted 30% is far larger allocation than is typical for a US mega-cap flotation.

According to pre-market indications, SpaceX shares are set to open at around $174, compared with the IPO price of $135, implying a gain of almost 29% on debut.

If that pricing holds, SpaceX's market value would surge well above the $1.75 trillion valuation established in the offering, nearer $2.3 trillion, just shy of Amazon's $2.5 trillion market cap.

2.52pm: Volatile US open after Trump slams Iran

US stocks opened higher but gains were immediately wiped out after some confusion emerged about the purported Iran peace deal.

The Nasdaq has dropped 0.7%, the S&P is down 0.3% and the Dow Jones is just above flat, having opened up around 0.6% higher in initial trades.

President Donald Trump posted on social media that terms Iran leaked out "have NOTHING to do with the terms that were agreed to, in writing". He says Tehran's statement is "dishonourable" and "bears no relation to the truth" and that "they better get their act together, and FAST".

Oil prices have also spiked back to where they were at midnight, with Brent back up to $89 a barrel.

2.10pm: Scottish Mortgage and other trusts that have SpaceX stakes

Nasdaq has announced that the IPO of SpaceX is to be released for stock price quotes at 9:50am Eastern Time (2.50pm London time).

As well as the retail investors excited about the IPO, there are also several investment trusts that have been long backers of the rocket and satellite company, such as Scottish Mortgage Investment Trust PLC (LSE:SMT), which invested as long ago as 2018.

SMT's stake was 21% of its portfolio value, according to an update last week.

Edinburgh Worldwide Investment and Baillie Gifford US Growth Trust, also managed by Baillie Gifford, have sizeable stakes, along with the Schiehallion Fund Ltd.

Schiehallion said it had 14.5% of its assets in SpaceX, Baillie Gifford USA 16.5% and EWI 22%.

Also, Google parent Alphabet owns a stake of around 4.9% of the $1.77 trillion company, having bought in over a decade ago.

Existing backers like Scot Mort and Alphabet are subject to a lockup period after the IPO, liquidity limits and a potential tax hit on an outright sale.

There is a staggered lock-up structure, with expiration at 180 days for general insiders, while Musk and other significant stakeholders subject to a longer 366-day lock-up. Musk is not expected to sell shares at this point, though.

1.44pm: Market scepticism recovering

Oil prices are creeping up again. Brent crude, having fallen from $95 on Thursday night to almost $86 a barrel this morning, is now back up at almost $88.

A report from Axios suggested that both sides have agreed the text, which has been cleared at high levels in Iran but may still lack approval from Supreme Leader Mojtaba Khamenei.

The two sides are said to have agreed the text of a proposed memorandum that would immediately reopen the Strait of Hormuz, extend the ceasefire by 60 days and provide limited sanctions relief in exchange for Iranian commitments on its nuclear programme.

If signed, the agreement mediated by Qatar and Pakistan would be known as the Islamabad agreement.

"Markets are taking Trump’s latest declaration with a degree of caution", says market analyst Fawad Razaqzada at Forex.com.

Economist Kallum Pickering at Peel Hunt notes that President Trump has for the past two months "repeatedly signalled that a deal between the US and Iran to end the conflict and re-open the Strait of Hormuz is imminent".

"Each time, however, negotiations have broken down, or Iran has accused the US of making unjustified claims of a breakthrough."

After last night's announcement, "financial markets appear to be reacting as if a deal is underway"... though "let me emphasise, we have seen this before only for no breakthrough to emerge in the end".

Says Pickering: "If a deal is indeed reached, a big if, expect markets to raise expectations for growth in major economies as inflation worries ease, with expectations for further central bank rate hikes curtailed."

Razaqzada notes that while Trump's claim to have "ended the war with Iran" triggered an immediate risk-on reaction, with equities and bonds in demand as oil fell, "the follow-through remains surprisingly restrained for what would be a significant geopolitical breakthrough".

He adds that "there are still important hurdles to overcome", with Iranian officials have not publicly endorsed the reported framework, and questions remain over whether Tehran will seek additional concessions before signing any deal

1.07pm: US stocks to extend gains

Wall Street is heading for a firmer open, with futures ticking higher as investors weigh President Donald Trump’s sudden shift on Iran and turn attention to a blockbuster market debut.

Dow Jones futures are up over 0.7%, while those for the S&P 500 and the Nasdaq futures are up nearer 0.6%, all extending the strong gains from last night.

That rally came after Trump said US military strikes on Iran were "cancelled" and suggested a peace deal could be close, as "discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved".

The Nasdaq jumped 2.5%, the Dow finished up 1.9% and the S&P gained 1.8% as risk appetite returned.

Today, geopolitics looks set to fade into the background, with all eyes are on the much-anticipated SpaceX IPO, for which many are holding their breath.

12.34pm: Fall in UK GDP 'won't alter BoE outlook', says Barclays

UK monthly GDP contracting 0.1% in April will not alter the Bank of England's thinking much, says economist Jack Meaning at Barclays.

The monthly contraction was in line with other soft Q2 data, he points out, with PMI data weakening, particularly in services, as well as weaker spending signals from Barclays spend trends data.

"We continue to expect the impact of the Middle East conflict to feed into more subdued activity in the next few months," he adds, retain his expectation of 0.1% quarter-on-quarter growth in Q2.

"For the Bank of England, we think the data today will validate their expectation of Q2 growth of 0.1% q/q heading into the meeting next week (18 June), and won't alter their outlook for GDP growth.

"We now look to BoE​/​Ipsos inflation expectations data (12 June), the May inflation data (17 June) and April labour market release (18 June) for any surprises.

"We think the bar for coming data to change the outcome of the June meeting is high, although it may, at the margin, affect the vote split and tone of individual paragraphs."

11.54am: Shell, BP and BAE weigh

Weighing on the index today are falls for energy and defence groups, some heavyweights among only 16 London blue-chips that are in the red currently.

Oil giants BP and Shell are down 4.4% and 3.25%. Defence group BAE Systems is down 1.9%, followed by energy suppliers Centrica and SSE, down 1.9% and 1%.

Next are Sage Group, Bunzl, National Grid, LSE and British American Tobacco.

11.22am: SpaceX UK investors own almost $364 million of the shares

Some more precise details are available on the scale of UK retail participation in SpaceX's record-breaking IPO.

Marex, which operated the UK retail offer through the Winterflood Retail Access Platform, said 2,696,175 shares were allocated to UK retail investors at the IPO price of $135 (£100.65) per share.

This means UK investors own almost $364 million of SpaceX shares.

Investors who applied for up to $2,700 worth of stock received their allocations in full, while larger applications were scaled back. No investor received more than 1,000 shares, Marex said.

Overall, 61% of retail investors received a full allocation, highlighting both the strong demand for the flotation and the relatively generous treatment of smaller investors.

As well as the $75 billion of shares sold in the IPO, underwriters also have the option to sell a further 83.3 million shares.

11.04am: SpaceX touching down

SpaceX’s much-anticipated IPO "has been a roaring success", says Kathleen Brooks at XTB, with huge demand for the shares.

The IPO has raised $75 billion, making it the largest ever, valuing the company at $1.77 trillion, the seventh largest firm on the US stock market.

Trading in New York's Nasdaq begins later, with the company worth more than JP Morgan, Meta, Eli Lilly, Berkshire Hathaway and Tesla, Brooks notes.

It's free float of $75 billion is more on a par with the market caps of Airbnb, Ross Stores and General Motors, though.

"Today comes the real test," says Brooks, as the shares trade on the open market for the first time.

"After Thursday’s stock market rally the scene is set for a strong start, but any sign of weakness on the main US tech exchange could send shivers across financial markets."

She notes reports that the allocation of shares to the retail market has been lower than originally reported at roughly 20% versus the mooted 30%.

"This is still far higher than the usual allocation to the retail trading community and suggests that institutional demand far outstripped supply.

"This signals that everyone wants a slice of SpaceX right now, which could lead to more shares coming to market, should the underwriters exercise their right to sell additional shares in the coming weeks."

10.30am: More market movers

The FTSE 100 has pared some of the morning's gains, and is now 141 points up at 10,445.02. Here's a look at some of the other stocks making big moves today.

Kier Group PLC (LSE:KIE) rose 3.8% after securing a £140 million contract extension with South West Water, part of Pennon Group PLC (LSE, OTC), running through to 2028. The deal extends a 20-year partnership and keeps Kier as sole contractor on the network services alliance. Read more

BSF Enterprise PLC (LSE:BSFA, OTC:BSFAF) plunged 42% after its first T-Rex Leather handbag failed to meet its reserve at a Paris auction. The €150,000 top bid fell short, leaving the item unsold. The company has now withdrawn it for private sale, but says interest in its bio-leather technology remains strong, with ongoing talks in the sportswear and automotive sectors. Read more

Virgin Wines UK PLC (AIM:VINO) fell 14% to 28.8p after warning of a swing to a £1.5 million pre-tax loss for 2026 despite modest revenue growth. Higher duties and weaker consumer confidence weighed on profits. The group still highlighted improving sales momentum and rising customer acquisition, alongside plans for a new £700,000 warehouse investment funded from cash reserves. Read more

MedPal AI plc (AIM:MPAL) surged 25% to a three-month high around 3.88p after UK approval of Novo Nordisk’s oral weight-loss drug boosted sentiment around its new clinic model. The company says the timing is ideal, with its New Health service launching just as demand for GLP-1 treatments expands. It expects oral options to widen uptake beyond injectables, supported by strong US prescription trends. Read more

Cizzle Biotechnology Holdings PLC (LSE:CIZ) shares jumped 10.9% to 3.05p after the company secured a US patent covering methods used to detect its CIZ1B lung cancer biomarker. The patent strengthens its position in a key market and supports plans with partner Cizzle Bio Inc to commercialise the test across North America and the Caribbean. Read more

9.20am: Footsie bounces higher

The FTSE 100 has extended its gains as the morning progresses, now up 148 points at 10,451.84 for a gain of close to 1.5%.

BA-owner International Consolidated Airlines Group SA (LSE:IAG) is now leading the pack, with a 5.5% gain, while Rolls-Royce Holdings PLC (LSE:RR.) has edged into second place, up 4.5%.

"Global equities are ending the week with a powerful relief rally as markets price a rising chance of a US-Iran diplomatic breakthrough," commented Tickmill Group's Patrick Munnelly. "President Trump said the US is nearing a deal with Tehran, raising hopes that a conflict which has driven volatility for more than three months could be moving toward resolution."

Munnelly pointed out that oil is the clearest expression of the shift in risk premia. Brent has fallen another 2% to around $88.50/bbl after President Trump softened military threats and pointed to high-level talks with Iranian officials.

"A formal signing ceremony could reportedly take place as soon as this weekend in Europe, with JD Vance expected to attend," he added. "The market is moving from pricing escalation risk to pricing de-escalation relief. That does not remove geopolitical uncertainty, but it materially reduces the immediate threat of a sustained energy shock."

9am: Housebuilders perk up

UK housebuilders surged on Friday as investors warmed to the prospect of lower interest rates and easing tensions in the Middle East.

Persimmon PLC (LSE:PSN) rose 3.9%, Barratt Redrow PLC (LSE:BTRW) gained 3.7%,Taylor Wimpey PLC (LSE:TW.) added 2.9%, while Vistry Group PLC (LSE:VTY) led the sector with a 5.1% jump.

The gains came despite data showing the UK economy shrank by 0.1% in April. Instead of spooking markets, the weaker GDP reading fuelled expectations that the Bank of England may cut rates sooner rather than later to support growth. The BoE's rate-setting committee meets next week.

Hopes of a peace agreement in the Middle East also lifted sentiment. Oil prices retreated on the prospect of fewer supply disruptions, easing inflation concerns and reducing pressure on policymakers to keep rates higher for longer.

Government bond prices rose, and yields fell as investors increasingly priced in rate cuts rather than hikes. For housebuilders, cheaper borrowing costs could mean more affordable mortgages and stronger demand, helping a sector that has struggled under the weight of higher interest rates.

8.15am: Footsie bounces at the open

The FTSE 100 jumped at the open, gaining 89 points to 10,392.88 in the first 15 minutes of trading on hopes that an end to the conflict in the Middle East is near.

Antofagasta PLC (LSE:ANTO) led the gainers, with a 5.3% gain as copper prices surged on the potential end to the war. Fresnillo PLC (LSE:FRES) was close behind, up 4.9%, while housebuilder Persimmon PLC (LSE:PSN) rose 4.5% after a report suggesting that recent buying activity had been brisk. International Consolidated Airlines Group SA (LSE:IAG) added 4.4% as oil prices fell below $90 a barrel.

BP PLC (LSE:BP.) and Shell PLC (LSE:SHEL, NYSE:SHEL) have come under pressure due to the lower oil prices, down 3.3% and 2.4% respectively.

"The FTSE100 rode on the coattails of improved global investor sentiment, with a strong open which built on a resilient performance in the previous session," commented interactive investor's Richard Hunter. "The gains came despite the oil majors following the oil price south, with a broad rally which included the housebuilders after a report suggesting that recent buying activity had been brisk."

While markets staged a strong recovery on hopes that the Middle East conflict could finally be coming to an end, Hunter noted that for the US there is only one show in town today.

"The highly anticipated SpaceX IPO will debut today after what has been an unusual run-up," Hunter said. "The price of $135 per share was announced in advance, Elon Musk reportedly negotiated special deals with Wall Street advisors, and the percentage of shares available to retail investors is much higher than would normally be the case. The offering will raise $75 billion for the company, which will be valued at $1.75 trillion."

7.55am: Fickle markets

Markets look set for a positive end to the week after President Trump made a massive about-turn on his plan to "hit Iran hard."

It's not the first time he's indicated a peace deal is at hand. According to a CNBC review of the president’s social media posts and public remarks, Trump has signalled or stated outright more than 30 times that a deal is nearly at hand. CNN puts it higher at 38 times since before April's ceasefire was announced.

"The past 24 hours has seen a sharp reversal in the trajectory of the US–Iran conflict, as mounting hopes of a deal have seen Brent crude fall -1.62% overnight, leaving it on track for a 3-month low of $88.80/bbl. So that’s led to a huge rally across bonds and equities, as lower oil prices have eased fears about a prolonged stagflationary shock," commented Deutsche Bank's Jim Reid.

"With oil prices coming down sharply, alongside hopes that the Strait of Hormuz will reopen, that’s seen investors price out the chance of rapid rate hikes this year. Indeed, as we go to press, markets are now pricing in just a 77% chance of a Fed rate hike by December, having been fully priced in earlier this week."

7.35am: Middle East conflict hits the economy

The UK economy hit a small bump in April, with GDP slipping 0.1% after solid growth in February and March. The monthly decline was largely down to a 0.2% drop in the services sector, while construction edged higher and production was flat.

The bigger picture, though, remains more encouraging. The economy expanded by 0.7% over the three months to April, marking the fifth consecutive period of three-month growth. Services continued to do much of the heavy lifting, with information and communication performing particularly well, alongside retail and professional services. Construction also made a strong contribution.

There were some headwinds. Businesses across sectors said conflict in the Middle East affected trading conditions, with some reporting weaker demand and higher energy and fuel costs.

Even so, GDP was still 1.2% higher than a year earlier, suggesting the UK's growth story remains intact despite a softer start to the second quarter.

FTSE 100 pre-market open

Stocks in London are expected to open higher after US President Donald Trump backtracked on a threat to "hit Iran hard" as he hinted at a major breakthrough in talks.

The FTSE 100 has been called 81 points higher, after closing Thursday's session 49 points up at 10,304. Brent crude has fallen 2% to $88.58 a barrel, while US WTI futures are also lower.

"What’s unbelievable is that after three months of this nonsense, markets still move on words that have little substance," commented Swissquote's Ipek Ozkardeskaya. "This morning, US crude is testing the $85pb level to the downside, its lowest level since the early days of the Iranian conflict. Yet there is no confirmation from Iranian media, and there is nothing to suggest that this time will be the charm."

Overnight, US stocks staged a powerful comeback, with investors piling back into risk assets after President Trump said he had cancelled planned military strikes against Iran and suggested a diplomatic agreement could be close at hand.

The tech-heavy Nasdaq led the advance, jumping 2.5% as traders reversed much of Wednesday's sharp sell-off. The Dow Jones Industrial Average surged 1.9%, and the S&P 500 climbed 1.8%.

As Friday trade draws to a close in Asia, Tokyo's Nikkei is up 2.9%, Hong Kong's Hang Seng is 1.7% higher, and Shanghai's SSE Composite has gained 1.2%. In Seoul, the Kospi has rallied 4.4% after earlier trading 8% higher as foreign investors shifted to net buying for the first time in 25 trading days. Sydney's ASX 200 closed 2% firmer.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Acquires a 100% interest in 27 mineral claims totalling approximately 701.7 hectares adjoining the McKenzie East and Fresnillo's McKenzie Break Gold projects

Vancouver, British Columbia--(Newsfile Corp. - June 10, 2026) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LRLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce that it has acquired a 100% right, title and interest in a package of 27 mineral claims (the "Property") totalling approximately 701.7 hectares in the Val-d'Or mining district within Québec's prolific Abitibi Gold Belt adjacent to the Company's McKenzie East Project. The Property was acquired from an arm's-length third party via a rights purchase agreement dated May 20, 2026 (the "Agreement").

Transaction Highlights

100% interest - Acquisition of a 100% right, title and interest in 27 mineral claims covering approximately 701.7 hectares. Strategic location - The claims lie within the Val-d'Or-Senneterre corridor of the Abitibi Gold Belt (NTS sheets 32C/05 Barraute and 32C/06 Senneterre), adjoining the Company's McKenzie East Project and Fresnillo's McKenzie Break Gold Project, within the same prolific mining district that hosts the Company's Swanson Gold Project and 100%-owned Beacon Gold Mill.

The acquisition is consistent with LaFleur Mineral's strategy of consolidating ground at its McKenzie East Gold Project and acquiring prospective, district-scale ground in the Val-d'Or region of the Abitibi Gold Belt, where the Company is advancing its PEA-stage Swanson Gold Project and preparing its fully permitted Beacon Gold Mill for a return to gold production. The Property adds to the Company's growing land position in one of the most prolific gold-producing districts in the world at a modest cost.

"This is a strategic addition to our growing land position in the Val-d'Or mining district and McKenzie East Gold Project," said Marc Ducharme, P.Geo., Vice President of Exploration for LaFleur Minerals. "Consolidating prospective, historically explored ground in the heart of the Abitibi Gold Belt in the same belt as our Swanson Gold Project and Beacon Gold Mill is central to our district-scale strategy. The Property covers ground that hosts the historical Maruska gold showing within the Pascalis-Tiblemont batholith, and we look forward to compiling the available historical data and conducting aggressive exploration strategies and drilling potential historical targets as we continue to build long-term value for our shareholders."

Swanson Gold Project Update - Drilling Continues to Deliver Promising Results

Story Continues

Building on the success of its recent resource expansion drilling programs and positive Preliminary Economic Assessment ("PEA"), LaFleur Minerals is preparing to resume diamond drilling at the Swanson Gold Deposit to test the down-plunge and depth extensions of the mineralized system. Recent deep drilling at Swanson has confirmed the presence of a large-scale gold system that remains open at depth and along strike, returning broad intervals including 1.18 g/t Au over 255 metres, 1.65 g/t Au over 136 metres and 2.29 g/t Au over 68.3 metres (see LaFleur Minerals news release dated April 21, 2026), followed by additional strong results of 2.95 g/t Au over 80 metres and 2.37 g/t Au over 88 metres (see LaFleur Minerals news release dated May 12, 2026). These drill holes successfully extended gold mineralization hundreds of metres below the current pit-constrained resource and demonstrate continuity within the Swanson gold system. The upcoming drill program will target priority zones below the current resource model where recent drilling has highlighted the potential for higher-grade shoots and continued resource growth, supporting the Company's objective of expanding the mineral resource and advancing the Swanson Gold Deposit as a long-term source of mill feed for the fully permitted Beacon Gold Mill.

Transaction Details

Under the terms of the Agreement, the Company acquired a 100% right, title and interest in the Property for total cash consideration of C$35,000. The consideration was satisfied in cash, and no securities of the Company were issued in connection with the acquisition. No finder's fee is payable in connection with the acquisition. The transaction is governed by the laws of the Province of Québec, and the claims are subject to customary assessment work obligations under Québec's Mining Act in order to be maintained in good standing. There is no NSR associated to this acquisition.

About the Property

The Property consists of 27 map-designated cell claims covering approximately 701.7 hectares on NTS map sheets 32C/05 (Barraute) and 32C/06 (Senneterre), located approximately 30 kilometres northeast of Val-d'Or near Belcourt Township, in the La Vallée-de-l'Or regional county municipality of the Abitibi-Témiscamingue region of Québec. The claims sit within the Val-d'Or-Senneterre corridor of the Abitibi Greenstone Belt, one of the most prolific gold-producing regions in the world and are accessible via the regional road network connecting Val-d'Or and Senneterre. All claims are currently active and in good standing to June 12, 2027.

Figure 1: McKenzie Break Project and McKenzie East Gold Project with Newly Acquired Claims Package

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/6526/300809_074a020f1496882d_001full.jpg

Note: the source of the historical estimate on the McKenzie Break Project is a technical report completed in accordance with NI 43-101 with an effective date of February 1, 2021 and filed on SEDAR+ under Monarch Mining Corp. Please note that scientific and technical information including historical estimates disclosed on adjacent properties is not necessarily indicative of the mineralization on the Company's McKenzie East Project that is the subject of this news release.

Geology and Exploration History

The Property lies within the Pascalis-Tiblemont batholith in the eastern part of the Abitibi Subprovince of the Superior Province of the Canadian Shield and covers ground that hosts the historical Maruska gold showing. The batholith is composed predominantly of diorite, granodiorite and tonalite, and is bordered along its northern margin by the Manneville Deformation Corridor, a regional structure interpreted as the eastward extension of the Manneville Fault. Gold mineralization in the area has historically been described as free gold occurring within quartz veins and veinlets hosted by silicified and pyritized diorite and granodiorite, a structurally controlled, intrusion-hosted style of gold mineralization that occurs widely throughout the Abitibi Gold Belt.

The Property has been the subject of intermittent historical exploration dating from the 1950s. Reported historical work includes ground electromagnetic and magnetometer surveys carried out between 1976 and 1991, the discovery of free gold in surface outcrop in 1989, and a surface stripping, trenching and channel/grab sampling program in 1990, which reported the presence of gold within quartz veins in the showing area. No drilling has been completed on the Property. This historical work was carried out by previous operators and is summarized in a NI 43-101 technical report dated September 9, 2021 prepared for the Vendor and filed on SEDAR+ under G.E.T.T. Gold's profile.

Historical surface sampling reported gold within quartz veins hosted by diorite and granodiorite. Grab samples collected from the surface showing in 1989 were reported to return values up to 241.8 g/t gold and 97.2 g/t silver, with two further veins reported to return up to approximately 12.7 g/t gold and 6.7 g/t gold, respectively, and other samples across the outcrop reported to return anomalous values ranging from approximately 0.3 to 4.4 g/t gold. A total of 78 surface samples were reported to have been collected in 1989 and 1990.

Cautionary Statements: The exploration information described above is historical in nature, was obtained from the Vendor's technical report with an effective date of September 9, 2021 and public assessment records prepared by or for previous owners of the Property and predates the Company's involvement. The Company's Qualified Person has not independently verified this historical information, and it should not be relied upon. The historical samples described above are grab and outcrop samples, which are selective in nature and are therefore not necessarily representative of the mineralization on the Property. Furthermore, values from grab samples can vary significantly and higher-grade samples are unlikely to reflect average grades. The historical results are not necessarily indicative of the results that may be obtained from future exploration, and the Company is not treating the historical information as current. The Property is an early-stage exploration property that does not contain any mineral resources or mineral reserves as defined under NI 43-101, and there is no assurance that exploration will result in the delineation of a mineral resource.

Qualified Person Statement

The scientific and technical information disclosed in this news release was prepared and approved by Marc Ducharme, P.Geo. (OGQ), Vice President of Exploration for LaFleur Minerals and considered a Qualified Person under NI 43-101.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. The Company's mission is to advance mining projects with a laser focus on our PEA-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is over 200 km2 in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals' recently refurbished 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 the results of a positive Preliminary Economic Assessment ("PEA") results for the Company's Swanson Gold Project and the planned restart of the Beacon Gold Mill.

ON BEHALF OF LAFLEUR MINERALS INC.

Paul Ténière, M.Sc., P.Geo. Chief Executive Officer & Director E: info@lafleurminerals.com T: 1 (604) 805-4602

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding "Forward-Looking" Information

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, but are not limited to, statements regarding the Offering, the anticipated timing of closing the Offering, the ability of the Company to satisfy all conditions to closing of the Offering.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300809

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Investoren sollten sich auf Fresnillo PLC (FNLPF) konzentrieren, da es kürzlich von einer Zacks-Rating #2 (Kauf) aufgerüstet wurde. Diese Bewertungserhöhung spiegelt einen Aufwärtstrend in den Earnings-Schätzungen wider – eines der mächtigsten Kräfte, die sich auf Aktienpreise auswirken.

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Während das britische Markt mit globalen wirtschaftlichen Hintergrundschwierigkeiten zu kämpfen hat, insbesondere der schwache Wiederaufbau in China, der auf abhängige Aktien von Rohstoffen wirkt, beobachten Investoren sorgfältig Dividendenaktien für ihre potenzielle Stabilität und Einkommensgenerierung. In solchen unsicheren Zeiten kann die Auswahl von Dividendenauszahlern mit starken Grundlagen und einer Geschichte konsistenter Auszahlungen eine Art von Resilienz in der breiteren Marktturbulenz bieten.

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Die europäischen Märkte öffneten am Freitag niedriger, was eine zweitägige Siegesfolge beendete. Die Bergbauaktien führten den Rückgang aufgrund der sinkenden Edelmetallpreise an. Der Silber- und Goldabbau von Fresnillo ist um 5,3% zurückgegangen, während die Antofagasta- und Anglo American-Aktien um 4% sanken.

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Wenn Sie fragen, ob der Aktienkurs von Fresnillo noch Wert bietet, nachdem er kürzlich um 239% gestiegen ist, sind Sie nicht allein. Die Antwort hängt davon ab, wie man die Bewertung ansieht. Der Aktienkurs schloss bei £34,62, mit Renditen von 11,2% über 7 Tagen, 0,8% über 30 Tagen, 3,3% bis zum Jahresende und 238,8% im letzten Jahr und 435,3% in den letzten drei Jahren. Dies wirft naturgemäß Fragen auf, wie viel der Geschichte bereits im Preis reflektiert ist. Die jüngste Berichterstattung hat sich auf Fresnillo als Investoren die Metalle und Bergbauaktien neu bewerten, mit Preissenkungen, die erneut Aufmerksamkeit für die Widerstandsfähigkeit der Produzenten gegenüber ihren Peers lenken. Diese Schlagzeilen geben nützliche Kontextinformationen für das Nachdenken darüber, ob der aktuelle Aktienkurs mit den zugrunde liegenden Grundlagen übereinstimmt.

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LaFleur Minerals Inc. Vancouver, British Columbia, 5. Mai 2026 (GLOBE NEWSWIRE) -- LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) ("LaFleur Minerals" oder das "Unternehmen") freut sich, die Ernennungen von Marc Ducharme als Vice President of Exploration und Mike Petrina als Vice President Mining Operations bekannt zu geben. Diese strategischen Ergänzungen stärken das Unternehmen erheblich in technischer, operativer und kapitalmarktorientierter Hinsicht an einem wichtigen Punkt, während LaFleur seine Swanson Gold Project vorantreibt und sich auf die Wiederaufnahme des Goldabbaus an seinem zu 100 % gehaltenen Beacon Gold Mill in Québecs reichem Abitibi-Goldgürtel vorbereitet. Beide Exekutiven bringen Jahrzehnte bewährter Erfolge in der Entdeckung, Projektentwicklung und Bergbauoperation mit, einschließlich Marc Ducharmes, ehemaliger Vice President of Exploration bei Probe Gold Inc., und Mike Petrinas, ehemaligen Vice President Mining Operations bei Probe Mines Limited. Die Ernennungen werden von Louis Martin, P.Geo. (OGQ), Exploration Manager und Technical Advisor des Unternehmens, unterstützt, der als qualifizierter Person für die Zwecke von NI 43-101 gilt.

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VANCOUVER, BC, 4. Mai 2026 /CNW/ - Orex Minerals Inc. (TSXV: REX) ("Orex" oder das "Unternehmen") freut sich, bekannt zu geben, dass es den zuvor angekündigten Verkauf des Coneto-Silber-Gold-Projekts ("Coneto" oder das "Projekt") an Silver Viper Minerals Corp. (TSX-V: VIPR) ("Silver Viper") abgeschlossen hat. Orex Minerals Inc. (CNW Group/Orex Minerals Inc.) Pursuant to dem Verkauf, Orex und Fresnillo plc ("Fresnillo", zusammen mit Orex, die "Verkäufer" genannt werden) verkauften alle ausstehenden Aktien der gemeinsamen Tochtergesellschaft, die das Coneto-Projekt hält, an Silver Viper. Silver Viper gab insgesamt 25.531.875 Stammaktien heraus, um den Kaufpreis von US$15 Millionen (C$20.425.500) zu erfüllen, wobei jeder VIPR-Aktie bei einem bezeichneten Preis von C$0,80 ausgegeben wurde. Die an Orex auf Abschluss des Verkaufs ausgegebenen VIPR-Aktien unterliegen einer gesetzlichen 4-monatigen Haltefrist gemäß den anwendbaren kanadischen Wertpapiergesetzen. John Eren, Chief Executive Officer von Orex, kommentierte: "Die Abschließung des Coneto-Verkaufs markiert einen wichtigen strategischen Meilenstein für Orex. Die Monetarisierung eines nicht-kernrelevanten Vermögenswerts durch Aktien in Silver Viper ermöglicht es uns, eine bedeutsame Exposition zu Coneto's Explorationspotenzial beizubehalten, während wir unsere Bilanz stärken und unseren Fokus auf die Weiterentwicklung unserer Kernprojekte Sandra Silber-Gold und Jumping Josephine Gold projektiere. Wir glauben, dass Silver Viper gut positioniert ist, um das volle Potenzial von Coneto zu entfalten." Über das Coneto-Silber-Gold-Projekt: Das Projekt befindet sich etwa 100 Kilometer nördlich von Durango City, innerhalb des historischen Coneto-Bergbaubezirks, eines der ältesten und produktivsten Silber-Gold-Kampfs in Mexiko. Der Bezirk beherbergt einige der bedeutendsten Lagerstätten des Landes, einschließlich Fresnillo, Guanajuato und Zacatecas, sowie nahegelegene Entwicklungsprojekte wie La Preciosa (Avino Silber & Gold Mines Ltd.) und La Pitarrilla (Endeavour Silber Corp.). Das Projekt umfasst 4.995 Hektar Mineralgrundstücke. Mehr als 40 bekannte epithermale Quarzadern wurden über mehrere Kilometer Streich entlang kartiert, wobei einige bis zu 20 Meter breit und über einen Kilometer lang sind. ÜBER OREX MINERIALS INC. Orex Minerals Inc. ist ein Unternehmen für Edelmetalle und Buntmetallexploration mit Projekten in Mexiko und Kanada. Das Portfolio umfasst das Sandra-Silber-Gold-Projekt (Durango-Staat, Mexiko), in Partnerschaft mit Pan American Silber Corp., und das Jumping Josephine Gold-Projekt in British Columbia, Kanada. Orex wird von einer erfahrenen Mannschaft aus Bergbau- und Explorationsexperten geleitet, die sich auf Wertschöpfung durch strategische Projektfortschritte und Partnerschaften konzentriert.

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LaFleur Minerals has signed an arm's length agreement to acquire the McKenzie East Gold Project in Québec's highly productive Val-d’Or mining district, the largest gold-producing region in Canada.

The McKenzie East Gold Project is directly adjacent to the McKenzie Break Gold Deposit, which is owned by Fresnillo, a global gold producer and primary silver miner.

Fresnillo obtained the McKenzie Break asset through its acquisition of Probe Gold in January 2026.

The McKenzie Break Deposit covers 183 mineral claims over 78.5km², with infrastructure including underground development extending to around 80m and all-year road access.

It is situated approximately 20km north of both the Novador Project and LaFleur's Beacon Gold Mill.

The McKenzie East property includes 46 mineral claims covering 1,781.18 hectares (ha), as issued by Québec’s Ministry of Natural Resources and Forests.

This site has undergone historical exploration by First Atlas Resources (vendor) and its predecessors, involving induced polarisation geophysics, mobile metal ion soil geochemistry, airborne magnetics and diamond drilling.

LaFleur plans to intensively explore the McKenzie East site to define new gold resources and potentially supply its nearby Beacon Gold Mill.

The terms of the acquisition involve a cash payment of C$30,000 ($21,960.2) and the issuance of 175,000 common shares of LaFleur Minerals to the vendor, contingent upon exchange approval.

LaFleur intends to leverage this acquisition to enhance its vertically integrated mine-to-mill strategy within the Val-d’Or district.

The company has also reported strong drilling results at its Swanson Gold Project.

Recent diamond drilling has shown extensive mineralisation beyond the current resource estimates, with notable results including 2.29 grams per tonne (g/t) gold over 68.3m and 1.18g/t gold over 255.04m.

These findings highlight significant depth potential and continuity, with additional high-grade zones identified.

In tandem with the acquisition of the McKenzie East Gold Project, LaFleur is advancing its strategy to expand gold resources near its Beacon Gold Mill.

The company is also exploring additional acquisitions to strengthen its production capacity, with an eye on sustainable gold production from the Val-d’Or area.

"LaFleur signs agreement to acquire McKenzie East in Canada" was originally created and published by Mining Technology, a GlobalData owned brand.

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

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mining ©digger bulldozer

LaFleur Minerals Inc (CSE:LFLR) (USOTC:LFLRF) is making a confident stride forward in its growth strategy with the acquisition of the McKenzie East Gold Project in the renowned Val-d’Or mining district of Québec. This move strengthens the company’s position in one of Canada’s most productive gold regions and underscores its commitment to building a scalable, district-wide gold platform.

Located beside a significant deposit owned by Fresnillo plc, the McKenzie East project offers strong exploration upside with promising early drill results and established geological potential. The acquisition comes at a relatively low cost, yet opens the door to meaningful resource expansion and future development opportunities.

At the same time, LaFleur continues to deliver impressive drilling results at its Swanson Gold Project, where recent intercepts confirm a large and growing gold system extending to depth. These results highlight both the scale and consistency of mineralization, reinforcing confidence in the project’s long-term value.

Together, the McKenzie East acquisition and Swanson exploration success align perfectly with LaFleur’s vision of a fully integrated “mine-to-mill” operation centered around its Beacon Gold Mill. By consolidating high-potential assets within close proximity, the company is positioning itself for efficient production, reduced costs, and accelerated timelines.

Overall, this latest development reflects a company gaining momentum, strategically expanding, delivering strong exploration results, and building a solid foundation for future gold production in a world-class mining district.

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