INTEGRA CLOSES US$61 MILLION BOUGHT DEAL FINANCING

Rhea-AI Summary

Integra Resources (NYSE American: ITRG) closed a bought deal financing of 18,121,600 common shares at US$3.40 per share for aggregate gross proceeds of US$61,613,440, including full exercise of the over-allotment option.

Net proceeds will fund pre-production capital expenditures at the DeLamar Project (procurement, early works, land purchases). The offering paid underwriter fees (5% standard; 2.5% for president's list) and remains subject to final TSXV approval. Recent permitting milestones and a filed Feasibility Study support execution timing.

Positive

• Proceeds of US$61,613,440 from the bought deal financing
• Sale of 18,121,600 shares at US$3.40 each with full over-allotment exercised
• Financing earmarked for pre-production capex including procurement, early works, and land purchase
• Permitting visibility: 15-month NEPA timeline and FAST-41 designation aiding project readiness

Negative

• Issuance of 18,121,600 new shares creates shareholder dilution
• Underwriting costs reduce cash: 5% fee of gross proceeds (2.5% for president's list)
• Transaction remains conditional on final TSXV approval, posing administrative risk to closing

Key Figures

Shares issued: 18,121,600 common shares Issue price: US$3.40 per share Gross proceeds: US$61,613,440 +3 more

6 metrics

Shares issued 18,121,600 common shares Bought deal public offering

Issue price US$3.40 per share Bought deal offering price

Gross proceeds US$61,613,440 Aggregate gross proceeds from offering

Underwriter fee 5% of gross proceeds Standard purchasers in the offering

Reduced fee 2.5% of gross proceeds President's list purchasers

NEPA timeline 15 months Permitting timeline referenced by management

Market Reality Check

Price: $3.47 Vol: Volume 3,696,688 is 16% a...

normal vol

$3.47 Last Close

Volume Volume 3,696,688 is 16% above the 20-day average of 3,188,952. normal

Technical Price $3.47 is trading above the 200-day MA at $2.62, indicating a pre-news uptrend.

Peers on Argus

ITRG was up 3.27% with multiple precious metals peers also higher: ASM +8.72%, M...

ITRG was up 3.27% with multiple precious metals peers also higher: ASM +8.72%, MUX +3.91%, SLSR +4.58%, NEWP +1.2%, MTA +1.52%, suggesting a supportive sector backdrop.

Historical Context

5 past events · Latest: Feb 04 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 04	Bought deal financing	Negative	-3.1%	Announced US$55.012M equity financing with 12% over-allotment option.
Feb 02	Feasibility study	Positive	-2.7%	Filed DeLamar Heap Leach Feasibility Study with strong NPV and IRR metrics.
Jan 26	Production results	Positive	+0.2%	Reported Florida Canyon 2025 gold production meeting guidance and major reinvestment.
Jan 14	FAST-41 selection	Positive	-2.1%	DeLamar selected for FAST-41 program with 15-month NEPA timeline disclosed.
Jan 12	Permitting schedule	Positive	+7.4%	BLM established formal NEPA schedule targeting Record of Decision in 2027.

Pattern Detected

Recent positive technical, permitting and production updates have produced mixed short-term price reactions, while the prior bought deal financing drew a modest negative move.

Recent Company History

Over the past month, Integra reported several DeLamar milestones and operating updates. On Jan 12 and Jan 14, it outlined a formal NEPA schedule and FAST-41 selection, targeting a Record of Decision in Q3 2027. A full Feasibility Study followed on Feb 2 with robust economics, and Florida Canyon 2025 production met guidance on Jan 26. On Feb 4, Integra announced a US$55M bought deal financing. Today’s release confirms closing of that upsized equity raise, directly tied to funding pre‑production work at DeLamar.

Market Pulse Summary

This announcement confirms closing of a bought deal equity financing for 18,121,600 shares at US$3.4...

Analysis

This announcement confirms closing of a bought deal equity financing for 18,121,600 shares at US$3.40, raising gross proceeds of US$61.6M to fund DeLamar pre‑production work. It follows a Feasibility Study with detailed economics and recent federal permitting milestones, all pointing to an advancing project pipeline. Investors may track how these funds are deployed into procurement, early works and land purchases, and monitor future updates on the permitting schedule and execution at DeLamar.

Key Terms

bought deal, over-allotment option, short form base shelf prospectus, registration statement, +4 more

8 terms

bought deal financial

"it has completed its previously announced bought deal public offering of 18,121,600"

A bought deal is a type of securities offering where an investment bank agrees to purchase the entire share or bond issue from a company up front and then resells it to investors, acting like a wholesaler who guarantees the sale. For investors, it matters because it gives the company fast, certain access to cash while potentially signaling pricing pressure or dilution—meaning the shares may be sold at a discount and existing holders could see their ownership reduced.

over-allotment option financial

"including the full exercise of the over-allotment option by the Underwriters"

An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.

short form base shelf prospectus regulatory

"to the short form base shelf prospectus of the Company dated January 16, 2024"

A short form base shelf prospectus is a pre-approved, reusable document that lets a company register a pool of securities (like stocks or bonds) it can sell over time without repeating a full disclosure process each time. Think of it as a menu the company files once so it can quickly offer items from that menu later; investors care because it speeds up capital raises, can dilute existing holdings, and signals the company’s ability to access funding when needed.

registration statement regulatory

"filed as part of an effective registration statement on Form F-10"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

multi-jurisdictional disclosure system regulatory

"under the Canada/U.S. multi-jurisdictional disclosure system"

A multi-jurisdictional disclosure system is a coordinated filing and publication process that lets companies share required financial, regulatory, or corporate information across several legal regions at once. Think of it like posting the same important notice on multiple community bulletin boards simultaneously so everyone who needs it — investors, regulators, and markets in different countries — sees the same, timely details. For investors this matters because it reduces delays and inconsistencies, making it easier to compare risks and make informed decisions when securities trade in more than one place.

NEPA regulatory

"including receipt of a 15-month NEPA permitting timeline and FAST-41 project"

The National Environmental Policy Act (NEPA) is a U.S. law that requires federal agencies to evaluate and report the environmental impacts of major projects, like permitting, construction, or resource development. For investors, NEPA is important because its reviews and required studies can delay, alter, or block projects—much like a safety inspection that must be passed before a vehicle is allowed on the road—affecting timelines, costs and the potential revenue of affected companies.

FAST-41 regulatory

"including receipt of a 15-month NEPA permitting timeline and FAST-41 project"

A FAST-41 designation comes from a U.S. law that sets up a coordinated, time-lined review process for large federal infrastructure projects, aiming to reduce delays by having agencies work together and meet clear deadlines. For investors, it matters because projects with FAST-41 oversight are likelier to reach permits and construction on schedule, reducing the risk of costly hold-ups much like a traffic controller clearing lanes so a convoy can move without unexpected stops.

Record of Decision regulatory

"advance ahead of a Record of Decision, enabling us to fund procurement"

A record of decision is an official written statement from a government regulator that explains and finalizes its approval or denial of a proposed project after reviewing environmental and legal factors. For investors, it matters because it removes a major regulatory uncertainty — like a referee’s final whistle — allowing a project to move forward, be funded, or be halted, which can change timelines, costs, and potential liabilities.

AI-generated analysis. Not financial advice.

TSXV: ITR; NYSE American: ITRG
www.integraresources.com

VANCOUVER, BC, Feb. 9, 2026 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce that it has completed its previously announced bought deal public offering of 18,121,600 common shares of the Company (the "Common Shares") at a price of US$3.40 per Common Share for aggregate gross proceeds of US$61,613,440 (the "Offering"), including the full exercise of the over-allotment option by the Underwriters (as defined below). The Offering was led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc. as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters that included ATB Capital Markets Corp., Desjardins Securities Inc. and Raymond James Ltd. (collectively, the "Underwriters").  

The Common Shares were offered pursuant to a final prospectus supplement of the Company dated February 4, 2026 (the "Prospectus Supplement") to the short form base shelf prospectus of the Company dated January 16, 2024 (the "Base Shelf Prospectus"), in all of the provinces of Canada, except Quebec, and in the United States pursuant to a prospectus supplement dated February 4, 2026 (the "US Prospectus Supplement") filed as part of an effective registration statement on Form F-10 (File No. 333-276530) (the "Registration Statement") under the Canada/U.S. multi-jurisdictional disclosure system. The Offering remains subject to the final approval of the TSX Venture Exchange (the "TSXV").

The Offering was completed pursuant to an underwriting agreement dated February 4, 2026 entered into among the Company and the Underwriters. The Company paid the Underwriters a cash fee of 5% of the aggregate gross proceeds of the Offering, other than in respect of the purchasers on the president's list, for which a cash fee of 2.5% was paid.

The Company intends to use the net proceeds to fund pre-production capital expenditures at the DeLamar Project, including procurement work, early works and land purchase.

George Salamis, President, CEO and Director of Integra, commented: "Following significant permitting milestones in early 2026 — including receipt of a 15-month NEPA permitting timeline and FAST-41 project designation from U.S. federal regulators — together with the recent filing of the DeLamar Project Feasibility Study, this oversubscribed financing positions Integra to capitalize on a clear execution window. The Feasibility Study has defined the early works that can advance ahead of a Record of Decision, enabling us to fund procurement, land acquisition, and other low-risk activities that shorten the development timeline and reduce execution risk at DeLamar. Raising capital from a position of strength, supported by permitting visibility, reflects a disciplined approach that enhances project readiness, lowers future financing risk, and supports a more efficient path toward a construction decision while minimizing long-term shareholder dilution."

Copies of the applicable offering documents can be obtained free of charge under the Company's profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Delivery of the Base Shelf Prospectus and the Prospectus Supplement and any amendments thereto will be satisfied in accordance with the "access equals delivery" provisions of applicable Canadian securities legislation. An electronic or paper copy of the Prospectus Supplement, the US Prospectus Supplement, the Base Shelf Prospectus and the Registration Statement may be obtained, without charge, from the Company or in Canada from Canaccord Genuity Corp., 40 Temperance Street, Suite 2100, Toronto, ON M5H 0B4 or by e-mail at ecm@cgf.com, or in the United States from Canaccord Genuity LLC, 99 High Street, Suite 1200, Boston, Massachusetts 02110, Attn: Syndicate Department, by telephone at (617) 317-3900 or by email at prospectus@canaccordgenuity.com, by providing the contact with an email address or physical address, as applicable

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. The securities being offered and the contents of this press release have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Prospectus Supplements, the Base Shelf Prospectus or the Registration Statement.

About Integra

Integra is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.

ON BEHALF OF THE BOARD OF DIRECTORS

George Salamis
President, CEO and Director

CONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576

Forward Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian and United States securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the use of the net proceeds from the Offering; anticipated advancement of mineral properties or programs; the receipt of final TSXV approval; future operations; future growth potential of Integra; and future development plans.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others: risks related to the speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Such factors are described in detail in the Prospectus Supplements and the documents incorporated by reference in the Prospectus Supplements.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.

Neither the 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 release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/integra-closes-us61-million-bought-deal-financing-302682609.html

SOURCE Integra Resources Corp.

FAQ

How much did Integra (ITRG) raise in the February 9, 2026 bought deal financing?

Integra raised US$61,613,440 in gross proceeds from the bought deal. According to the company, the financing comprised 18,121,600 shares at US$3.40 per share, including full exercise of the over-allotment option.

What will Integra (ITRG) use the US$61.6 million financing for at DeLamar?

The company plans to use net proceeds for pre-production capital expenditures at DeLamar. According to the company, that includes procurement work, early works and land purchases to shorten the development timeline and reduce execution risk.

Did Integra (ITRG) pay fees to underwriters for the bought deal and how much?

Yes, Integra paid underwriting fees on the offering equal to 5% of aggregate gross proceeds. According to the company, a reduced 2.5% fee applied to purchasers on the president's list.

Is the Integra (ITRG) financing final or subject to approvals?

The offering closed but remains subject to final TSXV approval. According to the company, the sale was completed under the prospectus supplements and the Registration Statement, pending the exchange's final clearance.

What permitting progress supports Integra's DeLamar financing and timeline?

Permitting progress includes a 15-month NEPA timeline and FAST-41 project designation. According to the company, these milestones plus a filed Feasibility Study provide visibility to advance early works ahead of a Record of Decision.