Welcome to our dedicated page for Integra Resources news (Ticker: ITRG), a resource for investors and traders seeking the latest updates and insights on Integra Resources stock.
Integra Resources Corp. (ITRG) is a development-stage company focused on the acquisition, exploration, and development of precious metal deposits across the Great Basin of the Western USA. Led by a management team with a successful track record from Integra Gold Corp., Integra Resources’ main assets include two flagship oxide heap leach projects: the past-producing DeLamar Project in southwestern Idaho and the Nevada North Project, which consists of the Wildcat and Mountain View deposits in northwestern Nevada. The company also holds a diverse portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.
At the DeLamar Project, Integra Resources has demonstrated significant growth and conversion of resources since acquiring the project in 2017. The project includes the DeLamar and Florida Mountain gold and silver deposits and boasts robust economic studies through its Preliminary Economic Assessment and Preliminary Feasibility Study. Recently, the company made strategic advancements by acquiring seventeen unpatented claims in the Rich Gulch area, which are located adjacent to the Florida Mountain Deposit. This acquisition will enhance operational flexibility and support future mining and processing scenarios.
The Nevada North Project encompasses the Wildcat and Mountain View deposits. Wildcat, located in Pershing County, Nevada, is characterized by gold-dominated, low-sulphidation, epithermal vein systems. Integra plans to commence a 2,000-meter Phase 1 exploration drill program at Wildcat in June 2024, aiming to expand the existing mineral resource and uncover high-grade breccia targets.
Financially, Integra Resources is well-positioned following a successful bought deal public offering, raising approximately C$14.95 million. The funds will be used to further explore and develop its key projects, as well as for general corporate purposes. Additionally, Integra continues to advance its projects through the regulatory framework in the USA. The DeLamar Project's Mine Plan of Operations has been accepted by the U.S. Bureau of Land Management, allowing progression into the National Environmental Policy Act process.
Integra Resources Corp.'s long-term vision is to become a leading USA-focused mid-tier gold and silver producer, underpinned by responsible mining practices, environmental protection, and community engagement.
Integra Resources has received the final cash installment of $4.875 million from Wheaton Precious Metals in connection with the DeLamar royalty sale. This marks the completion of a $9.75 million transaction, where Wheaton acquired a 1.5% net smelter returns royalty on metal production from DeLamar and Florida Mountain. The funds will be used for the continued development of the DeLamar Project, including supporting a Feasibility Study and advancing the National Environmental Policy Act permitting process in the U.S. Integra’s CEO, Jason Kosec, indicated that this final payment will aid the project's progression toward a construction decision.
Integra Resources Corp. (TSXV: ITR, NYSE American: ITRG) has announced the results of its Annual General Meeting (AGM) held on June 21, 2024. A total of 41,654,580 common shares were voted, representing 47.09% of the company's outstanding shares. Key outcomes include the approval of setting the number of directors at nine, election of the board members, appointment of MNP LLP as auditors, and approval of the Amended and Restated Equity Incentive Plan. Additionally, Integra will host a webinar on June 25, 2024, featuring a presentation by President, CEO & Director Jason Kosec.
Integra Resources (TSXV: ITR; NYSE American: ITRG) announced an option agreement with GreenLight Metals for the Cerro Colorado Copper Porphyry target in Arizona. A wholly-owned Integra subsidiary, Millennial Silver Nevada Inc. (MSN), has granted GreenLight an exclusive 12-month option to acquire Millennial Arizona , which holds rights to Cerro Colorado. As part of the deal, GreenLight will deliver shares valued at no less than C$500,000 to Integra in two tranches. GreenLight intends to list on the TSX Venture Exchange. Cerro Colorado, within the Laramide porphyry copper belt, spans 10,097 acres with 229 unpatented claims and 14 mineral leases.
Integra Resources Corp. (TSXV: ITR, NYSE American: ITRG) announced a major milestone for its DeLamar Project, which includes the Florida Mountain Project. The U.S. Bureau of Land Management (BLM) accepted the Mine Plan of Operations (MPO), allowing the project to proceed with the National Environmental Policy Act (NEPA) process. This acceptance follows nearly three years of environmental studies and engineering design. The next steps involve publishing a Notice of Intent (NOI) to prepare a Draft Environmental Impact Statement (DEIS), incorporating public and governmental stakeholder engagement. The project is notable for its scarcity and is one of the few gold-silver projects advancing through the NEPA process in the Western U.S. Integra will continue to work on various required permits and engage with Tribal Nations on potential cultural impacts.
Integra Resources announces its upcoming 2,000-meter Phase 1 drill program at the Wildcat Deposit in Nevada, scheduled for June 2024. The Wildcat Deposit, part of the Nevada North Project, currently hosts significant gold and silver resources. The drill program aims to expand the oxide mineralization and explore high-priority targets identified previously. Highlights include a 746,297-ounce gold and 6,437,869-ounce silver resource in measured and indicated categories, and a recent Preliminary Economic Assessment (PEA) indicating an after-tax NPV of $490 million at current metal prices. The program follows successful exploration by Millennial Precious Metals in 2022, which expanded the mineralized footprint. The new drill campaign will also target geophysical anomalies and high-grade breccia pipe targets.
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