#Canada #Vancouver #Integra Resources #DeLamar Project #GenCap Mining

Integra Resources Corporation Advances DeLamar Gold-Silver Project

Integra Resources Corp., a growing precious metals producer, is excited to update stakeholders on the remarkable advancements being made on the DeLamar Gold-Silver Project, situated in the rugged landscape of southwestern Idaho. This project encompasses the DeLamar and Florida Mountain deposits, crucial assets for Integra as they move closer to finalizing preparations for project execution.

Current Developments at DeLamar

Since the completion of the DeLamar Feasibility Study in December 2025, Integra has spearheaded a series of important initiatives aimed at enhancing project readiness and mitigating execution risks. The focus of these advancements includes detailed engineering, permitting, procurement, and site infrastructure enhancements, all aligned with the company’s strategic timeline leading up to a Final Investment Decision (FID), anticipated after the Environmental Impact Statement (EIS) and Record of Decision (RoD) are published.

The Feasibility Study showcased a strong foundation for a sustainable operation set to produce approximately 119,000 gold-equivalent ounces annually during the initial five years, plateauing at 106,000 ounces throughout the mine's life. Key financial estimates from the study indicate a capital requirement of roughly $389 million, projecting a post-tax net present value of $774 million with a compelling 46% internal rate of return, based on base case metal prices.

Engineering and Permitting Progress

Prominent developments are visible as Integra collaborates with Ausenco Engineering USA South Inc. and SLR Consulting. This partnership emphasizes strategic infrastructure development essential for heap leach processing, including a focus on water management systems and energy solutions. Detailed engineering is progressing, with vital advancements on heap leach pad systems, solution reticulation, and water treatment facilities.

The permitting efforts entered a critical phase in May 2026, initiating the National Environmental Policy Act (NEPA) review process by the U.S. Bureau of Land Management (BLM). This phase involved substantial public engagement, allowing local stakeholders to provide input, essential for the EIS that is projected to be revealed by late 2027.

Financial Strategies to Propel Development

Adding strength to its financing strategy, Integra has appointed GenCap Mining Advisory as its project finance advisor. This strategic move is aimed at assessing and structuring diverse financing options that align with the long-term vision of the DeLamar Project. GenCap's extensive experience in the mining finance landscape is expected to be invaluable in navigating the financial complexities characteristic of such undertakings.

Innovative Pilot Plant Testing

To further substantiate the Feasibility Study outcomes, Integra has mobilized a crushing pilot plant at the site, successfully processing approximately 39,000 tons of historical backfill material. This testing is critical for validating material handling assumptions critical to future project operations.

Commitment to Community and Environment

Integra’s ethos is not only focused on operational success but also emphasizes community engagement and environmental stewardship. During the recent Big Grass Fire, the dedicated efforts of the DeLamar team, local firefighters, and community members exemplified a collective commitment to safeguard local properties and wildlife. CEO George Salamis expressed pride in the team's efforts, highlighting their commitment to community welfare during crises.

Future Steps Toward Project Realization

With detailed engineering, permitting, procurement, and state restoration initiatives harmoniously progressing, Integra Resources is on a carefully planned trajectory toward construction readiness. The concurrently managed operations play a vital role in ensuring that the DeLamar Project not only adheres to its proposed timeline but also secures the necessary endorsements and infrastructure development for a successful launch. Furthermore, as regulatory compliance and community engagement remain paramount, Integra seeks to uphold transparency and maintain a proactive approach toward all stakeholders involved.

In summary, the DeLamar Gold-Silver Project stands at the cusp of progressing from development to operational execution, demonstrating Integra’s robust planning, commitment to excellence, and readiness to tackle the complexities of mining project management.