Integra Resources Corp. ("Integra" or the "Company") (TSXV:ITR) (NYSE:ITRG) and the Shoshone-Paiute Tribes (the "Shoshone-Paiute") are pleased to announce they have entered into an agreement pursuant to which Integra will grant 517,103 common shares of the Company (the "Common Shares") to the Shoshone-Paiute with an aggregate value of US$1,500,000 (the "Equity Grant"). The Common Shares are priced at C$3.97, which reflects the closing price of the Common Shares on the TSX Venture Exchange immediately prior to execution of the agreement.
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.
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