Business
Granada Gold Completes MOU Review Period with Lafleur Minerals
(TheNewswire) June 25 2025 – TheNewswire - Rouyn Noranda, Quebec - G...
About this update from Granada Gold Mine Inc.
[{"type":"text","content":"Granada Gold Completes MOU Review Period with Lafleur Minerals\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n June 25 2025\n \n\n –\n \n\n TheNewswire -\n \n\n Rouyn\nNoranda, Quebec -\n \n\n Granada Gold Mine Inc. (TSXV:\nGGM) (the “Company” or “Granada”)\n \n\n reports that the non-binding Memorandum of Understanding\n(\"MOU\") with Lafleur Minerals for custom milling at the\nBeacon Mill\n \n\n has\nconcluded\n \n\n following the expiration of its 90-day\nterm on June 23, 2025.\n \n\n\n\n During the evaluation period, both parties conducted\ntechnical reviews and exchanged data room information. Following\ncomprehensive assessment, the companies have determined not to proceed\nwith a definitive milling agreement at this time.\n \n\n\n\n \"The three-month evaluation with Lafleur provided\nvaluable technical insights that will inform our go-forward\nstrategy,\" stated Frank J. Basa,  CEO of Granada Gold Mine.\n\"Granada continues to assess multiple near-term production\nscenarios, with our existing permits providing flexibility for various\napproaches including potential open-pit mining and ore transportation\narrangements. We are actively engaged in discussions with several\nparties regarding processing alternatives and other strategic\ninitiatives designed to monetize our 543,000-ounce measured and\nindicated resource.\"\n \n\n\n\n Key Strategic Considerations:\n \n\n\n\n\n\n Granada Gold Property remains fully permitted for\nmining and ore shipment\n \n\n\n\n\n\n Multiple processing pathways under active\nevaluation\n \n\n\n\n\n\n Strong interest from industry participants in the\nregion\n \n\n\n\n\n\n Focus on near-term revenue generation while advancing\ndeep drilling program\n \n\n\n\n\n\n The Company anticipates providing further updates on\nits strategic initiatives as discussions advance and material\ndevelopments warrant disclosure.\n \n\n\n\n Qualified person\n \n\n\n\n The technical information in this news release was\nreviewed and approved by Matthew Halliday, P.Geo., Director of\nGranada Gold Mine Inc., and member of the Ordre des Géologues du\nQuébec, who is a Qualified Person in accordance with National\nInstrument 43-101.\n \n\n\n\n Mineral Resource Estimate\n \n\n\n\n On August 22, 2022 the Company filed an update...