LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF; FSE: 3WK0) announced on September 15, 2026, the appointment of Rauni Malhi as a director, effective the same date, following the resignation of Michael Kelly on September 7, 2026. Alongside the board change, the company granted Malhi 500,000 incentive stock options exercisable at $0.40 per share. The announcement also confirmed a reconstituted audit committee, a development investors in this Abitibi Gold Belt-focused junior may be watching closely.

Key Points

  • LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF; FSE: 3WK0) is a gold-focused explorer in the Abitibi Gold Belt, Québec.
  • Rauni Malhi appointed as director effective September 15, 2026, replacing Michael Kelly who resigned September 7, 2026.
  • 500,000 stock options granted at $0.40 per share, expiring September 15, 2031; 250,000 vest immediately and 250,000 vest six months from grant date.
  • Investors may watch for CSE acceptance of the option grant and the reconstituted audit committee's impact on governance.

Rauni Malhi Joins LaFleur Minerals Board Following Kelly Resignation

LaFleur Minerals confirmed that Rauni Malhi, a Delta, British Columbia-based paralegal currently employed at Delta Law Office, joined the board on September 15, 2026. The release states Malhi has prior board experience with 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). Michael Kelly's departure, effective September 7, 2026, prompted the change. The company expressed gratitude for Kelly's contributions and extended best wishes for his future endeavours.

Reconstituted Board and Audit Committee Composition

Following the appointment, LaFleur Minerals' board now comprises Kulwant Malhi as Chairman, Paul Teniere as President, Jeff Swinoga, Peter Espig as Senior Advisor, and Rauni Malhi. The company's management team includes Andrew Elinesky as CEO, Harry Nijjar as CFO, Jean Lafleur as Senior Advisor, Marc Ducharme, P.Geo as VP Exploration, and Louis Martin, P.Geo as Technical Advisor and Exploration Manager. The audit committee has been reconstituted to include Jeff Swinoga as Chairman, Peter Espig, and Kulwant Malhi, reflecting a governance update tied to the board change.

Stock Option Grant Terms for Incoming Director

As part of Malhi's appointment, LaFleur Minerals granted her 500,000 incentive stock options under the company's existing stock option plan. The options are exercisable at $0.40 per share until September 15, 2031. Of the total, 250,000 options vest immediately and the remaining 250,000 vest six months from the grant date. The release notes the grant remains subject to the policies of the Canadian Securities Exchange. The immediate share price impact was not clear from available public information.