Integra Resources (ITRG) Acquires 6,600-Acre Ranch to Advance DeLamar Project

Integra Resources Corp. (NYSEAMERICAN:ITRG) is one of the most promising Canadian stocks according to analysts.. On February 17, Integra Resources announced the acquisition of a 6,600-acre ranch contiguous to its DeLamar Project in Owyhee County, Idaho, for a purchase price of $12.5 million. This land consolidation includes deeded acreage, a large US Bureau of Land Management grazing permit, and two Idaho State grazing leases.

By securing this property, Integra Resources Corp. (NYSEAMERICAN:ITRG) aims to de-risk the project’s advancement, extinguish underlying easements, and eliminate associated payment obligations while strengthening its alignment with the local ranching community. The acquisition provides significant operational and environmental benefits, including the procurement of prime mitigation habitat to support permitting efficiency for wetlands and streams. Additionally, the transaction secures surface and water rights that enhance the project’s overall resilience and flexibility.

President and CEO George Salamis noted that the purchase reflects a disciplined approach to capital allocation, utilizing funds from a recent $61 million financing to reduce execution risk ahead of the construction phase at DeLamar. The DeLamar Project, which encompasses the DeLamar and Florida Mountain deposits, was confirmed as a low-cost open-pit oxide heap leach operation in a late 2025 Feasibility Study. The study outlined a 10-year mine life with a total production of 1.1 million ounces of gold equivalent and an average annual output of 106,000 ounces.

Integra Resources Corp. (NYSEAMERICAN:ITRG) is a precious metals producer that acquires, explores, and develops mineral properties in the Great Basin of the Western US. It primarily explores for gold and silver deposits.

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