#United States #Idaho #Integra Resources #DeLamar Project #FAST-41 Program

Integra Resources Announces Selection of DeLamar Heap Leach Project for FAST-41 Program

Integra Resources Corp., a notable player in the precious metals sector, has made an exciting announcement regarding its DeLamar Heap Leach Project. Situated in the rich mineral ground of southwestern Idaho, this project has been chosen to partake in the United States Federal Permitting Improvement Steering Council’s FAST-41 Transparency Projects Program, a significant milestone for both the project and the company.

Benefits of the FAST-41 Transparency Projects Program

The FAST-41 framework aims to refine the federal permitting process, promoting improved coordination among various agencies. This initiative notably emphasizes:

• - Enhanced Visibility and Predictability: All agencies involved are required to create and maintain a clear schedule for environmental reviews and permitting actions, ensuring that these timelines are transparently displayed.

• - Improved Coordination: A designated project advisor from the Permitting Council will oversee the advancement of the project, ensuring active communication between federal agencies throughout the process.

• - Increased Accountability: The Council will oversee compliance with set timetables, contributing quarterly reports to Congress on agency adherence to the program's standards.

With respect to DeLamar's timeline, as outlined by the Bureau of Land Management (BLM), a Record of Decision (ROD) publication is projected for the third quarter of 2027, indicative of a streamlined National Environmental Policy Act (NEPA) process that is anticipated to last approximately 15 months.

Insights from Leadership

George Salamis, the President and CEO of Integra, emphasized the importance of this selection, referring to DeLamar as Integra's flagship project and a promising opportunity in a top-tier region. Salamis expressed gratitude for being part of the Permitting Council’s initiative, which aims to deliver greater transparency in federal environmental evaluations. This commitment reflects a dedication to both rigorous, inclusive NEPA processes and active engagement with stakeholders, fostering trust and cooperation.

The comprehensive studies prepared by Integra have reinforced the project’s potential, evident in its thorough Preliminary Economic Assessment, Pre-feasibility Study, and most notably, its Feasibility Study (FS) released in late 2025. This FS showcases an efficient, low-cost heap leach operation set to yield approximately 1.1 million ounces of gold equivalent over a ten-year operational span, with an attractive average annual production of 106,000 ounces. Moreover, the after-tax Net Present Value (NPV) of the project stands at an impressive $774 million, further enhancing its economic appeal.

The DeLamar Project’s Economic Viability

Critical metrics demonstrate DeLamar's economic viability. The project calculates an after-tax Internal Rate of Return (IRR) of 46% based on conservative metal prices, with remarkable potential for even greater returns given recent market conditions. This project not only underscores Integra’s operational excellence but also aligns with its goal of establishing a premier portfolio of heap-leach operations across the Great Basin.

As Integra moves forward, the company remains committed to balancing operational needs with environmental, social, and governance (ESG) responsibilities, ensuring long-term value realization for shareholders while fostering community engagement. The anticipated efficiencies in permitting promise a faster transition to production, ultimately supporting Integra's mission in the competitive mining landscape.

Conclusion

The selection of the DeLamar Heap Leach Project for the FAST-41 program signifies a pivotal advancement for Integra Resources. As federal approvals begin to materialize, and with strategic oversight from the Permitting Council, DeLamar could soon emerge as a cornerstone asset with a significant impact on the company’s portfolio and the broader precious metals market. Interested stakeholders can monitor the progress through updates on the Federal Permitting Dashboard as further developments unfold, establishing a notable precedent in the mining sector's regulatory framework.