Integra Resources has secured a formal federal permitting schedule from the U.S. Bureau of Land Management for its DeLamar Heap Leach Project in southwestern Idaho. The schedule, now posted on the Federal Permitting Dashboard under the FAST-41 Transparency Projects Program, outlines a Notice of Intent publication in Q2 2026, followed by a 15-month NEPA review period and culminates in a Record of Decision in Q3 2027. Inclusion in FAST-41 provides a dedicated project advisor and quarterly compliance reporting to Congress, significantly reducing uncertainty around interagency coordination and environmental review timelines.

The 2025 DeLamar Feasibility Study confirms a low-cost, open-pit heap leach operation producing 1.1 million ounces of gold equivalent over a 10-year mine life, with average annual output of 106,000 ounces. At an all-in sustaining cost of $1,480 per ounce AuEq and under base-case assumptions, the project delivers an after-tax NPV (5% discount) of $774 million and an IRR of 46%. Under a higher metal price scenario reflecting recent market trends, after-tax NPV nearly doubles to $1.7 billion and IRR rises to 89%, underlining the project’s leverage to sustained gold and silver prices.

Integra’s Florida Canyon Mine in Nevada continues to generate positive cash flow, providing funding for DeLamar’s advancement without equity dilution. However, elevated all-in sustaining costs at Florida Canyon, coupled with ongoing capital expenditures to maintain production rates, constrain near-term free cash flow. Management is evaluating operational optimizations and cost control measures to bolster cash generation while DeLamar progresses through the permitting and development phases.