Beedie Investments Ltd. Announces Filing of Updated Early Warning Report in Relation to Integra Resources

Rhea-AI Summary

Beedie Investments Ltd. completed an internal reorganization on Dec 23, 2025 that moved its Integra Resources (ITRG) holdings into wholly owned subsidiaries.

As a result, Beedie transferred 19,085,762 common shares and 1,250,000 warrants to Beedie Capital Investments, now owned by Beedie Capital Holdings. Immediately before and after the reorganization, Beedie controls 19,085,762 shares (≈10.51% of issued common shares) on a non-diluted basis and 20,335,762 shares (≈11.12%) on a partially diluted basis assuming full warrant conversion. All securities are held for investment; the company may buy, sell or pursue corporate transactions in future market conditions. The early warning report will be filed on SEDAR+.

Positive

• Holdings of 19,085,762 shares (≈10.51% non-diluted)
• Partially diluted stake 20,335,762 shares (≈11.12% including 1,250,000 warrants)

Negative

• None.

Key Figures

Common shares transferred 19,085,762 shares Beedie Capital internal reorganization of Integra Resources holdings

Warrants transferred 1,250,000 warrants Beedie Capital internal reorganization of Integra Resources holdings

Non-diluted ownership 10.51% Beedie Capital ownership of Integra Resources common shares

Partially diluted ownership 11.12% Beedie Capital ownership assuming full warrant conversion

Market Reality Check

$4.41 Last Close

Volume Volume 1,757,661 is close to the 20-day average of 1,768,561. normal

Technical Price 4.41 is trading above the 200-day MA of 2.19 and below the 52-week high of 4.69.

Peers on Argus

Peers show mixed moves: NEWP up 1.06% while ASM, MTA, MUX, and SLSR are down between 0.74% and 2.01%, suggesting stock-specific dynamics for ITRG.

Common Catalyst Beedie-related early warning filings also appeared in the sector, including a report for Metalla (MTA).

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 22	Debt facility resolution	Positive	+0.9%	Full conversion and repayment of Beedie Capital convertible debenture facility.
Dec 17	Feasibility study	Positive	+1.7%	Feasibility Study showing strong project economics and mine life metrics.
Nov 12	Quarterly earnings	Positive	+6.6%	Record Q3 revenue, strong production, and improved cash position.
Oct 23	Operational update	Positive	+4.2%	Strong Q3 gold production and higher cash and equivalents balance.
Oct 16	Sustainability report	Positive	-4.1%	Publication of sustainability report with ESG performance highlights.

Pattern Detected

Recent fundamentally positive updates (debt retirement, feasibility study, strong Q3 results) were followed by positive price reactions, while an ESG-focused sustainability report coincided with a negative move.

Recent Company History

Over the last few months, Integra reported a robust feasibility study for DeLamar, strong Q3 2025 production and financial results, and the full conversion and repayment of the Beedie Capital convertible debenture, leaving no amounts owing. Institutional ownership disclosures via Schedules 13G/13G/A highlighted additional passive holders. Against this backdrop, today’s early warning report reflects an internal reorganization of Beedie’s existing ≈10.51% non-diluted and ≈11.12% partially diluted position rather than a change in overall exposure.

Market Pulse Summary

This announcement detailed an internal reorganization of Beedie Capital’s stake in Integra Resources, with no change in overall exposure. Beedie continues to hold 19,085,762 common shares and 1,250,000 warrants, representing 10.51% on a non-diluted and 11.12% on a partially diluted basis. Placed alongside recent debt repayment, feasibility, and operational updates, it underscores continuity of a significant shareholder rather than a change in strategic direction.

Key Terms

early warning report regulatory

"Beedie Investments Ltd. Announces Filing of Updated Early Warning Report in Relation to Integra Resources"

An early warning report is a regulatory filing that publicly discloses when an investor or insider has taken a large or potentially influential position in a company's shares or plans significant actions with those shares. It matters to investors because it flags possible shifts in control, takeover attempts, or concentrated influence—like a neighborhood notice that someone is buying several houses on the block—helping readers reassess risk, valuation, and trading strategy.

common share purchase warrants financial

"and 1,250,000 common share purchase warrants ("Warrants") in the capital of Integra Resources"

A common share purchase warrant is a tradable right that lets its holder buy a company’s ordinary shares at a fixed price for a set period, like a coupon that can be redeemed later to buy stock at a predetermined rate. Investors care because warrants offer leverage on future upside—they can magnify gains if the share price rises above the set price—but they can also dilute existing shareholders if used, and they expire worthless if unused.

warrants financial

"and assuming conversion in full of the 1,250,000 Warrants, 20,335,762 Common Shares"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

TSX Venture Exchange regulatory

"Neither TSX Venture Exchange nor its Regulation Services Provider ... accepts responsibility"

A junior stock exchange in Canada where smaller, early-stage companies list shares to raise capital and gain public visibility. Think of it as a farmers’ market for young businesses: it offers investors a chance to buy into fast-growing but higher-risk ventures, with looser listing rules and typically lower liquidity than major exchanges. It matters because performance and financing on this exchange can signal growth prospects or risk for investors.

SEDAR+ regulatory

"will be available under Integra Resources' profile on SEDAR+ at www.sedarplus.ca"

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - Beedie Investments Ltd. ("Beedie Capital") announces it has completed an internal reorganization (the "Reorganization") of the holdings of Beedie Capital, pursuant to which: (i) Beedie Capital assigned and transferred 19,085,762 common shares ("Common Shares") in the capital of Integra Resources Corp. ("Integra Resources") and 1,250,000 common share purchase warrants ("Warrants") in the capital of Integra Resources to Beedie Capital Investments Ltd. ("Beedie Capital Investments"); and (ii) Beedie Capital assigned and transferred all of the outstanding shares of Beedie Capital Investments to Beedie Capital Holdings Ltd. ("Beedie Capital Holdings"), resulting in Beedie Capital Investments being a wholly-owned subsidiary of Beedie Capital Holdings. The aforementioned securities were valued at their original acquisition cost when transferred by Beedie Capital to Beedie Capital Investments as part of the Reorganization.

Each of Beedie Capital Investments and Beedie Capital Holdings is a wholly-owned subsidiary of Beedie Capital.

Immediately prior to the completion of the internal Reorganization, Beedie Capital, directly or indirectly, would own or control a total of 19,085,762 Common Shares, representing approximately 10.51% of the issued and outstanding Common Shares on a non-diluted basis, and assuming conversion in full of the 1,250,000 Warrants, 20,335,762 Common Shares, representing approximately 11.12% of the issued and outstanding Common Shares on a partially diluted basis.

Immediately following the completion of the internal Reorganization, Beedie Capital, indirectly through Beedie Capital Investments, would continue to own or control a total of 19,085,762 Common Shares, representing approximately 10.51% of the issued and outstanding Common Shares on a non-diluted basis, assuming conversion in full of the 1,250,000 Warrants, 20,335,762 Common Shares, representing approximately 11.12% of the issued and outstanding Common Shares on a partially diluted basis.

All of the securities held by Beedie Capital in Integra Resources, including the Common Shares and the Warrants, are being held for investment purposes. Beedie Capital may in the future take such actions in respect of its Integra Resources securityholdings as it deems appropriate in light of the market circumstances then existing, including the potential purchase of additional shares of Integra through open market purchases or privately negotiated transactions, a corporate transaction, such as a merger, reorganization or liquidation, involving Integra Resources, or the sale of all or a portion of such holdings in the open market or in privately negotiated transactions to one or more purchasers, or Beedie Capital may continue to hold its current positions.

A copy of the early warning report relating to the Common Shares and the Warrants will be available under Integra Resources' profile on SEDAR+ at www.sedarplus.ca, and may also be obtained by contacting Beedie Investments Ltd. at 604-435-3321. Beedie Capital's head office is located at Suite 900 - 1111 West Georgia St. Vancouver, BC V6E 4M3.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278974

FAQ

What did Beedie Investments announce about its Integra Resources (ITRG) holdings on December 23, 2025?

Beedie announced an internal reorganization moving 19,085,762 shares and 1,250,000 warrants into wholly owned subsidiaries while retaining the same economic stake.

How large is Beedie’s stake in Integra Resources (ITRG) after the reorganization?

Beedie controls 19,085,762 shares, representing approximately 10.51% on a non-diluted basis and 11.12% on a partially diluted basis assuming warrant conversion.

Will the Beedie reorganization change voting control of Integra Resources (ITRG)?

No material change in ownership percentage was reported; Beedie retains the same number of shares and economic interest after the reorganization.

Are Beedie’s Integra Resources (ITRG) securities being held for investment or sale?

The securities are being held for investment purposes, though Beedie said it may buy or sell shares or pursue corporate transactions in the future.

Where can investors find Beedie’s early warning report for Integra Resources (ITRG)?

The early warning report will be available under Integra Resources’ profile on SEDAR+ and by contacting Beedie Investments Ltd.

Did Beedie report any change in the number of Integra Resources (ITRG) shares it owns on December 23, 2025?

No; the filing states Beedie owned and continued to control 19,085,762 shares before and after the internal reorganization.