Integra Resources Corp. closed a $61.6 million bought‑deal public offering of 18,121,600 common shares at $3.40 per share, generating $61,613,440 in gross proceeds on February 9, 2026. The deal was led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc., with ATB Capital Markets, Desjardins Securities and Raymond James as syndicate underwriters.
The proceeds are earmarked for pre‑production capital expenditures at the DeLamar heap‑leach project in Idaho, including procurement, early works and land acquisition. The financing follows a 15‑month NEPA permitting timeline, the project’s designation as a FAST‑41 transparency project, and the filing of a feasibility study that outlines low‑risk activities that can advance the project ahead of a Record of Decision expected in Q3 2027. Oversubscription of the offering, with the full exercise of the over‑allotment option, signals strong investor confidence in the project’s near‑term execution window.
Integra’s strategy to fund growth with cash flow from its Florida Canyon mine is reinforced by the recent conversion of its convertible debenture facility with Beedie Capital, eliminating corporate‑level debt. The mine’s 2025 production guidance was met, and its heap‑leach operation continues to generate robust margins that support both operational reinvestment and new capital projects. Management views the equity raise as a way to accelerate DeLamar without diluting existing shareholders more than necessary.
President and CEO George Salamis said the oversubscribed financing “positions Integra to capitalize on a clear execution window.” He added that the feasibility study’s early‑works plan will allow the company to move procurement and land acquisition ahead of the Record of Decision, shortening the development timeline and reducing execution risk.
The offering’s completion strengthens Integra’s balance sheet and provides the capital needed to advance DeLamar toward a construction decision, positioning the company for continued growth while maintaining a self‑sustaining growth engine.
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