Integrated Rail and Resources Acquisition Corp. announced it has entered into a material definitive agreement for the private placement of an unsecured promissory note with returning lender, Dhip Natural Resources Investments, Llc for an aggregate principal amount of $8,400,000 on August 14, 2023. All unpaid principal under the Promissory Note will be due and payable in full on the earlier of (i)February 15, 2024 (the maturity date) and (ii) the date on which the company consummates an initial business combination.