Integra Resources Completes $61 Million Financing to Advance DeLamar Project

Integra Resources Corp. (TSXV: ITR | NYSE American: ITRG) has successfully concluded its previously announced bought deal public offering. The offering involved the sale of 18,121,600 common shares at a price of $3.40 per share, generating approximately $61.61 million in gross proceeds. This financing was overseen by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc., who acted as co-lead underwriters along with a syndicate that included notable firms such as ATB Capital Markets, Desjardins Securities, and Raymond James.

The shares were made available through a final prospectus supplement dated February 4, 2026, and could be purchased across all provinces in Canada except Quebec, and in the United States via a related prospectus supplement. Notably, the deal was oversubscribed, indicating strong investor interest amidst the current market challenges in the mining sector.

Integra intends to utilize the net proceeds from this funding to cover pre-production capital expenses related to the DeLamar Project. The planned activities include procurement, early works, and land purchases essential for advancing the project. According to George Salamis, Integra's President and CEO, the financing is particularly timely following significant permitting milestones achieved in early 2026. Among these milestones, the company received a favorable 15-month NEPA (National Environmental Policy Act) permitting timeline and achieved the FAST-41 project designation from United States federal regulators.

The reality that the Feasibility Study for the DeLamar Project has been filed further strengthens Integra’s position. This study has laid out integral early works that can progress ahead of receiving the Record of Decision. The focus on low-risk project components is designed to streamline the development process at DeLamar, thereby mitigating future financing risks while fostering a clearer path towards construction decisions.

Salamis emphasized the strategic importance of raising capital from a position of strength. The visibility provided by the permitting process helps ensure a disciplined capital allocation approach that not only enhances project readiness but also minimizes long-term shareholder dilution. He stated, “Following significant permitting milestones in early 2026... this oversubscribed financing positions Integra to capitalize on a clear execution window.”

As the mining world is often fraught with uncertainties, this event stands out as a strategic maneuver for Integra Resources. By confidently navigating the complexities of financing while enhancing project readiness at DeLamar, Integra is poised to effectively move towards a potential construction phase.

Investors interested in gaining deeper insights into this offering can find copies of relevant documents available free of charge on SEDAR+ and EDGAR websites. Integra emphasizes that this press release should not be construed as an offer to sell or solicit securities in jurisdictions where such offers would be illegal.

In conclusion, as Integra Resources embarks on this ambitious journey towards advancing the DeLamar Project, the successful completion of this substantial financing marks a critical step. The company remains committed to delivering sustainable growth for its shareholders through efficient project development and adherence to the highest standards in environmental, social, and governance practices. The evolving landscape of the mining sector is undoubtedly challenging, yet Integra appears well-positioned to navigate these waters with its proactive strategies and robust operational focus.