Integra Resources Corp. has purchased a 6,600‑acre ranch in Owyhee County, Idaho, for $12.5 million. The property sits directly next to the company’s DeLamar heap‑leach project and includes a U.S. Bureau of Land Management grazing permit and two Idaho State grazing leases, giving Integra greater control over the surrounding area and reducing potential conflicts with local ranchers.
The acquisition is a strategic move to consolidate land around DeLamar, streamlining permitting, expanding environmental mitigation options, and providing flexibility for future expansion or infrastructure projects. By owning the ranch, Integra can better coordinate with federal and state agencies, mitigate environmental impacts, and secure a contiguous footprint that supports the project’s long‑term operational plans.
Federal permitting for DeLamar is now expected to begin in early 2026, with the Notice of Intent step of the NEPA review slated for the second quarter. The company released a comprehensive feasibility study on February 4 2026 that projects 1.1 million ounces of gold equivalent over ten years, an all‑in sustaining cost of $1,480 per ounce, a net present value of $774 million, and an internal rate of return of 46% at base‑case commodity prices.
President and CEO George Salamis said the land consolidation “advances our long‑term strategic objectives by enhancing our ability to responsibly develop DeLamar in alignment with the local ranching community.” He added that the purchase “demonstrates how we are deploying capital from our recently completed $61 million equity raise into initiatives that reduce execution risk ahead of construction.”
The acquisition, financed through the $61 million equity raise rather than cash reserves, underscores Integra’s disciplined capital allocation and its focus on de‑risking the DeLamar project. The move positions the company to move forward with permitting and construction in a more secure and streamlined environment, supporting its broader growth strategy in the precious‑metals sector.
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