INTEGRA ANNOUNCES ACCEPTANCE OF MINE PLAN OF OPERATIONS FOR DELAMAR PROJECT
TSXV: ITR; NYSE American: ITRG
www.integraresources.com
Highlights:
- The BLM's determination of administrative completeness is a critical step in permitting DeLamar and considers nearly three years of environmental baseline studies, initial engineering design, and mine plan optimization. Integra's description of mining and reclamation activities proposed for the Project will serve as the basis for the BLM's environmental review in accordance with the National Environmental Policy Act ("NEPA").
- The updated MPO was submitted to the BLM earlier in 2025 and underwent the initial completeness review as prescribed by the CFR. Integra worked closely with the BLM to address comments provided on the MPO to achieve this milestone for DeLamar.
- The updated MPO includes several refinements from prior iterations:
- Addresses agency comments and concerns.
- Prioritizes placement of mine features on previously disturbed ground and relocates select features to reduce potential for impacts to surface and water quality.
- Leverages the refining capacity of
Integra's Florida Canyon Mine to reduce ore processing activities and associated electrical power demands at DeLamar. Incorporates Project updates as part of the ongoing Feasibility Study for DeLamar, which is expected to be announced in the fourth quarter of 2025.
- Key next steps include the BLM developing the Project schedule and publishing the Notice of Intent ("NOI"), which will allow for the commencement of work on the Environmental Impact Statement ("EIS"). The NOI step of the NEPA permitting process is crucial as it begins formal engagement with all cooperating governmental agencies and stakeholders.
- DeLamar is one of the few gold-silver development projects in the
Western United States that will be actively advancing through the NEPA mine permitting process, demonstrating the significant scarcity value of the Project. - Integra recently entered into a Relationship Agreement with the Shoshone-Paiute Tribes of the
Duck Valley Indian Reservation (the "Shoshone-Paiute Tribes"), establishing a transformative and long-term partnership for the development of DeLamar. Refer to the news release here.
Next Steps
The BLM will publish the NOI in the
The EIS process includes an analysis of potential environmental effects from Project implementation on resources including air, water, wildlife habitat, land use, Native American concerns, socio-economic, visual resources, cultural resources, vegetation, soils, recreation, range resources, and potential risks to human health. It also evaluates reasonable alternatives to the proposed action to minimize adverse effects and prevent undue degradation.
Throughout the EIS process, the Company will continue work on various permits, several of which are required to be in place prior to construction, including a groundwater Point of Compliance Permit to protect beneficial use of groundwater, Idaho Pollution Discharge Elimination System Permit to determine appropriate surface water discharge quality criteria for treated industrial wastewater, a Cyanidation Permit, an Air Quality Permit to Construct, as well as Section 404 of the Clean Water Act with the
The Company continues to engage with Tribal Nations as it advances towards the initiation of the Programmatic Agreement ("PA") process. The PA is a formal document established between the Company, governmental agencies, and Tribal Nations. The PA includes framework for identifying, managing, and mitigating any potential impacts on culturally sensitive areas or historical sites.
DeLamar Project Overview
The past producing
About Integra
Integra is a growing precious metals producer in the
ON BEHALF OF THE BOARD OF DIRECTORS
President, CEO and Director
Forward Looking Statements
Certain information set forth in this news release contains "forward‐looking statements" and "forward‐looking information" within the meaning of applicable Canadian securities legislation and in applicable
Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Projects; satisfying ongoing covenants under the Company's loan facilities; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Projects economic, as applicable; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward‐looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward‐looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated
Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.
Neither the
Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves
National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure referred to in this news release has been prepared in accordance with NI 43-101 and the
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