TSXV: ITR; NYSE American: ITRG
www.integraresources.com
Highlights:
- The acceptance of the MPO by the BLM is a critical step in permitting for DeLamar and incorporates nearly three years of environmental baseline studies, initial engineering design, and detailed descriptions of mining and reclamation activities proposed for the Project.
- The preliminary MPO was submitted to the BLM in
December 2023 and underwent the initial completeness review as prescribed by the Code of Federal Regulations.- During the MPO process, the Company worked closely with the BLM to address comments provided on the preliminary MPO, including the need for additional advanced engineering and reclamation studies, project revisions, and general edits.
- Following the acceptance of the MPO, the BLM will publish the Notice of Intent ("NOI") which will allow for the commencement of work on the Draft Environmental Impact Statement ("DEIS"). The NOI step of the NEPA permitting process is integral 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 U.S. that will be actively advancing through the NEPA mine permitting process, demonstrating the significant scarcity value of the Project.
Next Steps
The BLM will publish the NOI in the
The DEIS process includes an analysis of various environmental factors such as air and water quality, wildlife habitat, land use, socio-economic impacts, and potential risks to human health. It also evaluates alternative courses of action for mining and infrastructure to minimize adverse effects. During the DEIS stage, a public review and comment period will be held, during which stakeholders can provide feedback on the analysis and suggest changes or additional considerations. The comments collected, along with public consultation efforts, will be considered and addressed in the final EIS which informs the permitting decision.
Throughout the EIS process, the Company will continue work on various other permits, several of which are required to be in place prior to construction, including Point of Compliance Permitting, Cyanidation Permits, Air Permitting 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.
The past producing DeLamar project, which includes the adjacent DeLamar and Florida Mountain gold and silver deposits, is located in
Integra is one of the largest precious metals exploration and development companies in the
ON BEHALF OF THE BOARD OF DIRECTORS
Jason Kosec
President, CEO and Director
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 applicable
Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", "believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such information is provided. Assumptions and factors include: the Company's ability to complete its planned exploration programs; the absence of adverse conditions at mineral properties; no unforeseen operational delays; no material delays in obtaining necessary permits; the price of gold remaining at levels that render mineral properties economic; 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: integration risks; 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; 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 management's ability to anticipate and manage the foregoing factors and risks. 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 report on Form 20-F dated
There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward‐looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The forward-looking statements contained herein are presented for the purposes of assisting investors in understanding the Company's plans, objectives and goals, and may not be appropriate for other purposes. Forward-looking statements are not guarantees of future performance and the reader is cautioned not to place undue reliance on forward‐looking statements.
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 contained in this news release has been prepared in accordance with NI 43-101 and the
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