Integra Resources has secured a detailed federal permitting schedule from the U.S. Bureau of Land Management for its flagship DeLamar Heap Leach Project in southwestern Idaho. The BLM timeline calls for publication of a Notice of Intent in the second quarter of 2026, followed by a 15-month NEPA review process leading to an Environmental Impact Statement and Record of Decision by the third quarter of 2027. This clear, accelerated pathway materially reduces permitting risk, positioning DeLamar among the most advanced development-stage precious metals projects in the United States.

Complementing its permitting progress, Integra’s recently released Feasibility Study demonstrates strong gold and silver economics for DeLamar, including an after-tax net present value at a 5% discount rate that exceeds US$250 million under conservative metal price assumptions. The study projects average annual production of 120,000 ounces of gold and 800,000 ounces of silver over a 10-year mine life, with all-in sustaining costs below US$1,100 per gold ounce equivalent, highlighting both scale and cost competitiveness in the current market.

Analyst consensus assigns Integra a 2–3x multiple on its current valuation, reflecting substantial upside should gold sustain levels above US$1,800 per ounce and silver remain near US$25 per ounce. The company’s Florida Canyon asset generates immediate free cash flow, funding ongoing DeLamar development without equity dilution, though elevated all-in sustaining costs and ongoing capital expenditures at Florida Canyon are expected to limit near-term surplus cash. Collectively, these dynamics underpin a strategic growth trajectory with significant leverage to precious metal price strength.