TSXV: ITR; NYSE American:
ITRG
www.integraresources.com
VANCOUVER, BC, Jan. 30,
2025 /CNW/ - Integra Resources Corp. ("Integra" or
the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to
offer its strong support for Idaho
Governor Brad Little's Executive
Order 2025-02, the Strategic Permitting, Efficiency, and Economic
Development Act (the "SPEED Act" or the "Act"). The recently signed
executive order creates a SPEED Council, comprised of Idaho state agency directors, to streamline
collaboration across state agencies and expedite the review of
state permits for development projects across all sectors in a
coordinated manner. The SPEED Act emphasizes Idaho's commitment to responsible resource
development and demonstrates that efficient permitting can
effectively coexist with stringent environmental safeguards.
The SPEED Act is an important step toward advancing important
Idaho based mining projects, such
as Integra's DeLamar and Florida Mountain Project ("DeLamar" or the
"Project"). In 2025, Integra is working to significantly advance
and accelerate permitting efforts at DeLamar with the planned
submission of a revised Mine Plan of
Operations ("MPO") to reflect ongoing work as part of the upcoming
Feasibility Study. Following the acceptance of the revised MPO, the
U.S. Bureau of Land Management is expected to publish the
Notice of Intent ("NOI") which will allow for the commencement of
work on the Draft Environmental Impact Statement ("DEIS"). The NOI
step of the National Environmental Policy Act ("NEPA") permitting
process is integral as it begins formal engagement with all
cooperating governmental agencies and stakeholders. DeLamar is one
of the most advanced gold-silver development projects in the
Western U.S. that will be actively moving forward through the NEPA
mine permitting process in the next few years, demonstrating the
significant scarcity value of the Project.
George Salamis, President, CEO and Director of Integra
commented: "The SPEED Act underscores Idaho's action-oriented leadership when it
comes to facilitating a competitive business jurisdiction. At a
time when federal administrative policies, such as the recent
Unleashing American Energy executive order, spell out clear
directives to expedite permitting to secure domestic production of
critical minerals, it is encouraging to see complementary federal
and state level directives. Relevant to our stakeholders and
shareholders alike, as owners of one of the largest and most
advanced gold-silver mining projects in the Western U.S., Integra
applauds both the federal and state initiatives designed to
significantly accelerate new mine permitting. As a result, Integra
is reiterating its commitment to significantly advancing its
permitting efforts at DeLamar in 2025 to match these new
initiatives."
Overview of State and Federal Initiatives
Governor Brad Little's Executive
Order establishes the SPEED Council to streamline and improve
Idaho's permitting process. By
bringing together key state agencies under a coordinated framework,
the Act aims to promote economic development while maintaining
transparent and rigorous environmental and safety standards. Key
responsibilities of the SPEED Council include:
- Early Consultation: Encouraging collaboration between
permitting agencies and project proponents from an early
stage.
- Coordinated Permitting: Implementing a unified,
predictable, and timely review process for qualifying
projects.
- Transparency and Efficiency: Requiring clear timelines,
public reporting, and ongoing accountability measures for project
approvals.
- Regulatory Optimization: Identifying and addressing
duplicative, outdated, or unnecessarily lengthy regulations to
support responsible growth.
The SPEED Council's stated goal is to foster responsible
development, create jobs, and maintain a high quality of life for
Idahoans by making permitting more efficient and transparent, all
while upholding strong environmental and safety considerations.
Details on the SPEED Act can be found on Idaho's official government website:
https://gov.idaho.gov/pressrelease/gov-little-signs-speed-act-to-further-streamline-state-permitting/
The United States Federal Government recently issued the
Unleashing American Energy Executive Order ("the Order"), aiming to
boost domestic energy and mineral production, reduce reliance on
foreign adversaries for sourcing of materials, and solidify
the United States' pathway towards
domestic energy and mineral security. Sections of The Order include
specific directives aimed to make federal permitting more efficient
and promote the responsible domestic production of minerals. The
federal and Idaho state directives
jointly recognize the importance of a clean and safe environment
while taking important steps to support the responsible development
of domestic mineral resources.
Details on the Order can be found on the official White House
website:
https://www.whitehouse.gov/presidential-actions/2025/01/unleashing-american-energy/
About Integra Resources
Integra is a growing precious metals producer in the Great Basin
of the Western United States.
Integra is focused on demonstrating profitability and operational
excellence at its principal operating asset, the Florida Canyon
Mine, located in Nevada. In
addition, Integra is committed to advancing its flagship
development-stage heap leach projects: the past producing DeLamar
Project located in southwestern Idaho and the Nevada North Project located in
western Nevada. Integra creates
sustainable value for shareholders, stakeholders, and local
communities through successful mining operations, efficient project
development, disciplined capital allocation, and strategic M&A,
while upholding the highest industry standards for environmental,
social, and governance practices.
ON BEHALF OF THE BOARD OF DIRECTORS
George Salamis
President, CEO and Director
Forward Looking and Other Cautionary 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 applicable United States
securities laws (referred to herein as forward‐looking statements).
Except for statements of historical fact, certain information
contained herein constitutes forward‐looking statements which
includes, but is not limited to, statements with respect to:
disclosure regarding the anticipated effects of the SPEED Act and
the Order; the future financial or operating performance of the
Company and the Company's mineral properties and project portfolio;
the results from work performed to date; the estimation of mineral
resources and reserves; the realization of mineral resource and
reserve estimates; the development, operational and economic
results of technical reports on mineral properties referenced
herein; magnitude or quality of mineral deposits; the anticipated
advancement of the Company' mineral properties and project
portfolios; exploration expenditures, costs and timing of the
development of new deposits; underground exploration potential;
costs and timing of future exploration; the completion and timing
of future development studies; estimates of metallurgical recovery
rates; exploration prospects of mineral properties; requirements
for additional capital; the future price of metals; government
regulation of mining operations; environmental risks; the timing
and possible outcome of pending regulatory matters; the realization
of the expected economics of mineral properties; future growth
potential of mineral properties; and future development plans.
Forward-looking statements are often identified by the use of
words such as "may", "will", "could", "would", "anticipate",
"believe", "expect", "intend", "potential", "estimate", "budget",
"scheduled", "plans", "planned", "forecasts", "goals" and similar
expressions. Forward-looking statements are based on a number of
factors and assumptions made by management and considered
reasonable at the time such information is provided. Assumptions
and factors include: 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, labour disputes and
other risks of the mining industry; delays in obtaining
governmental approvals or financing; 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 management's ability to
anticipate and manage the foregoing factors and risks. 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 report on
Form 20-F dated March 28, 2024 for
the fiscal year ended December 31,
2023 and Florida Canyon Gold Inc.'s listing application on
TSX Venture Exchange Form 2B, each of which are available on the
respective SEDAR+ issuer profiles for the Company and Florida
Canyon Gold Inc. available at www.sedarplus.ca.
There can be no assurance that forward‐looking statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The
Company undertakes no obligation to update forward‐looking
statements if circumstances or management's estimates or opinions
should change except as required by applicable securities laws. The
forward-looking statements contained herein are presented for the
purposes of assisting investors in understanding the Company's
plans, objectives and goals, and may not be appropriate for other
purposes. Forward-looking statements are not guarantees of future
performance and the reader is cautioned not to place undue reliance
on forward‐looking statements.
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
View original content to download
multimedia:https://www.prnewswire.com/news-releases/integra-highlights-idahos-speed-act-to-support-permitting-efficiency-new-federal-initiatives-and-reiterates-commitment-to-advancing-permitting-at-delamar-302364080.html
SOURCE Integra Resources Corp.
