INTEGRA ENTERS INTO EQUITY AGREEMENT WITH THE SHOSHONE-PAIUTE TRIBES
Integra Resources (TSXV: ITR, NYSE American: ITRG) entered an equity agreement with the Shoshone-Paiute Tribes related to the DeLamar Project.
Rhea-AI Summary
Integra Resources (TSXV: ITR, NYSE American: ITRG) entered an equity agreement with the Shoshone-Paiute Tribes related to the DeLamar Project. Integra will grant 517,103 common shares, valued at US$1.5 million and priced at C$3.97 per share, subject to NYSE American approval.
The equity grant is designed to support a long-term partnership, giving the Shoshone-Paiute a direct ownership interest linked to DeLamar. According to Integra, this builds on prior collaboration in baseline data collection, tribal monitoring, and mine plan co-development for the project.
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Details
News Market Reaction – ITRG
On May 14, the first trading day after this news, ITRG closed 1.77% below the previous close.
Data tracked by StockTitan Argus for the May 14 session.
Key Figures
- Equity grant value
- US$1,500,000
- Aggregate value of equity grant to Shoshone-Paiute Tribes
- Common shares granted
- 517,103 shares
- Number of Integra common shares granted under the Equity Grant
- Grant share price
- C$3.97 per share
- Price based on TSXV closing before agreement execution
Historical Context
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Stronger Q1 revenue, earnings, and cash yet shares fell about 1.71%.
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May 07
Project update
- 24h Move
- -1.1%
Imwelo project drilling and financing progress followed by a modest price dip.
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May 06
Financing and MRE
- 24h Move
- +7.9%
Upsized financing and resource work coincided with a near 8% gain.
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Wildcat EPO approval for Nevada North aligned with a price rise of 2.27%.
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Record Florida Canyon metrics and stronger balance sheet yet shares slipped.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
TSXV: ITR; NYSE American: ITRG
www.integraresources.com
Today's announcement reflects the significant work undertaken by Integra and the Shoshone-Paiute to collaboratively design and implement processes and initiatives to address their respective interests in respect of the DeLamar Project ("DeLamar" or the "Project"), including significant work undertaken with respect to participation in baseline data collection, tribal monitoring, and mine plan co-development. The Equity Grant is a tangible step toward the parties building further consensus regarding the Project and supports the Shoshone-Paiute to participate as a long-term partner with a direct interest in value creation associated with the Project. The Equity Grant represents a further step in an evolving relationship between Integra and the Shoshone-Paiute, grounded in mutual respect, shared outcomes, and alignment on how the DeLamar Project is advanced.
Completion of the Equity Grant is subject to customary closing conditions, including the approval of the NYSE American.
George Salamis, President and CEO of Integra Resources, commented: "Integra views this as a further step in building a long-term partnership with the Shoshone-Paiute in relation to the DeLamar Project. The work we have done together to date has helped shape a Project that is better understood, more predictable, and better positioned to earn support locally and across the region by all stakeholders. Our focus is on advancing DeLamar responsibly and aggressively - creating jobs, supporting the regional economy, and building a Project with a positive legacy that communities can stand behind over the long term."
Chairman Brian Mason of the Shoshone-Paiute commented: "Our Nation takes a generational view in evaluating opportunities to ensure they align with Shoshone-Paiute values, protect our cultural resources, and support lasting benefits for our people. Equity ownership reflects the progress we have made in building a relationship with Integra based on respect and transparency. This allows us to participate with projects where there is alignment, furthering our goals for economic independence and diversification and a healthy future for our Nation, while maintaining our sovereignty in how projects move forward."
The DeLamar Project, developed with demonstrated dedication to early engagement and alignment of broad interests, has evolved with a maintained focus on efficient and predictable advancement through permitting, so that it may contribute to regional economic growth, and create long-term opportunities for local communities. As the DeLamar Project continues to advance, the Company remains focused on transparency, responsible development, and building broad-based support across all stakeholders. The Equity Grant announced today is intended to support long-term economic opportunities for the Shoshone-Paiute Tribes while reinforcing a collaborative framework for engagement specific to the DeLamar Project.
About Integra Resources Corp.
Integra is a growing precious metals producer in the Great Basin of the
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
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 in applicable
Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Company's mineral properties including absence of any equipment or infrastructure failures; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Company's 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: 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, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; 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 other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. 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 Information Form dated March 24, 2026 for the fiscal year ended December 31, 2025, which is available on the SEDAR+ issuer profile for the Company at www.sedarplus.ca and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at www.sec.gov.
Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at www.sedarplus.ca.
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.
The securities have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and may not be offered or sold in
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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SOURCE Integra Resources Corp.
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