LaFleur Minerals Inc. (CSE: LFLR) has announced a board change effective September 15, 2026, appointing Delta, British Columbia-based paralegal Rauni Malhi as a director while acknowledging the resignation of Michael Kelly, who stepped down on September 7, 2026. Alongside the appointment, the company granted Malhi 500,000 incentive stock options exercisable at $0.40 per share. The changes reshape the composition of both the board and the audit committee, and investors may be watching how the updated governance structure supports LaFleur's Abitibi Gold Belt development strategy.

Key Points

  • LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0) is a Quebec-focused gold developer
  • Rauni Malhi appointed as director effective September 15, 2026; Michael Kelly resigned September 7, 2026
  • 500,000 stock options granted at $0.40 per share, expiring September 15, 2031, with split vesting schedule
  • Investors may be watching how the reconstituted board and audit committee influence project advancement

Rauni Malhi Joins LaFleur Minerals Board With Established Capital Markets Experience

The company announced that Rauni Malhi, a paralegal currently employed at Delta Law Office in Delta, British Columbia, has joined the board effective September 15, 2026. The release states that Malhi has previously served on the boards of several TSX Venture Exchange listed issuers, including a role in establishing Cairo Resources as a capital pool company, which was subsequently rebranded as Gladiator Metals Corp. (TSXV: GLAD). The appointment follows the resignation of Michael Kelly, who departed the board on September 7, 2026, with the company expressing gratitude for his contributions.

Board and Audit Committee Reconstituted Following Director Transition

Following the board change, LaFleur Minerals' directors now consist of Kulwant Malhi as Chairman, Paul Teniere as President, Jeff Swinoga, Peter Espig as Senior Advisor, and newly appointed Rauni Malhi. The management team remains headed by CEO Andrew Elinesky and CFO Harry Nijjar, supported by Jean Lafleur and technical leads Marc Ducharme and Louis Martin. The audit committee has also been reconstituted and will now comprise Jeff Swinoga as Chairman, along with Peter Espig and Kulwant Malhi, according to the announcement.

Stock Option Grant Terms and Vesting Schedule for Incoming Director

The company disclosed the grant of 500,000 incentive stock options to Rauni Malhi under its stock option plan. The options are exercisable at $0.40 per share and expire on September 15, 2031. Of the total granted, 250,000 options vest immediately, with the remaining 250,000 vesting six months from the date of grant. The grant remains subject to the policies of the Canadian Securities Exchange. The immediate share price impact was not clear from available public information.

LaFleur Minerals' Focus Remains on Abitibi Gold Belt Projects

LaFleur Minerals is focused on district-scale gold development near Val-d'Or, Québec, within the Abitibi Gold Belt. The company's key assets include the PEA-stage Swanson Gold Project, encompassing 481 claims and one mining lease covering 200.7 km², and the Beacon Gold Mill, capable of processing over 750 tonnes per day. The release notes a positive Preliminary Economic Assessment has been completed for the Swanson project, though it includes inferred mineral resources and carries no certainty of being realised, as mineral resources that are not mineral reserves do not have demonstrated economic viability.