Integra Resources Signs Agreement with Canaccord Genuity to Issue 16.18 Million Shares for $55.01 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Should l Buy ITRG?
Integra Resources is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and Stifel Nicolaus Canada as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters, pursuant to which the Underwriters have agreed to purchase, on a "bought deal" basis, 16,180,000 common shares of the company at a price of $3.40 per common share for gross proceeds of $55,012,000. The offering is expected to close on or about February 9.
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Analyst Views on ITRG
Wall Street analysts forecast ITRG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ITRG is 5.16 USD with a low forecast of 4.13 USD and a high forecast of 5.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.360
Low
4.13
Averages
5.16
High
5.75
Current: 3.360
Low
4.13
Averages
5.16
High
5.75
About ITRG
Integra Resources Corp. is a precious metals producer in the Great Basin of the Western United States. Its principal operating asset is the Florida Canyon Mine, located in Nevada. In addition, it is engaged in 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. The Florida Canyon Mine is located about 125 miles east of Reno Nevada, and immediately south of Interstate 80. The mine produces gold by conventional hard rock open pit mining with processing by two-stage crushing and Run of Mine (ROM) heap leaching. The DeLamar Project is a gold and silver mining development project located in Owyhee County in southwest Idaho. The Nevada North Project includes the Wildcat and Mountain View deposits in northwestern Nevada. The Wildcat Deposit is a resource stage gold-silver deposit. The Mountain View Deposit is located within the Deephole mining district in Nevada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Integra Resources Secures $55M Financing Deal
- Financing Agreement Reached: Integra Resources has entered into a bought-deal financing agreement with Canaccord Genuity and Stifel Nicolaus Canada, with underwriters agreeing to purchase 16.18 million common shares at $3.40 each, expected to generate approximately $55 million in gross proceeds.
- Over-Allotment Option Granted: Integra has granted underwriters an over-allotment option to purchase up to 1.94 million additional shares, representing 12% of the offering, providing the company with additional financing flexibility if needed.
- Clear Use of Proceeds: The net proceeds from this financing will be allocated to pre-production capital expenditures at the DeLamar Project, including early works, procurement, and land acquisition, aimed at accelerating project development and mitigating risks.
- Negative Market Reaction: Despite the successful financing, Integra Resources' shares fell by 5% in after-hours trading, indicating market concerns regarding the company's future performance, which may impact investor confidence.
See More
Integra Resources Corp. Completes Financing Agreement
- Financing Agreement Reached: Integra Resources Corp. has entered into an agreement with Canaccord Genuity and Stifel Nicolaus to issue 16.18 million common shares at $3.40 each, expecting gross proceeds of $55.01 million to fund pre-production capital expenditures at the DeLamar Project.
- Over-Allotment Option: The company has granted underwriters an over-allotment option to purchase an additional 12% of shares, potentially increasing capital inflow post-offering and enhancing financial flexibility for project execution.
- Expected Closing Date: The offering is anticipated to close around February 9, 2026, subject to customary closing conditions, including approvals from the TSX Venture Exchange and the SEC, ensuring compliance and transparency in the process.
- Investor Information Disclosure: The company has filed a preliminary prospectus supplement to provide detailed information to prospective investors, demonstrating a commitment to transparency and investor protection in the financing process.
See More
Integra Resources Corp. Provides Q4 2025 Operational Update
- Production Meets Guidance: Florida Canyon Mine produced 70,927 ounces of gold in 2025, aligning with the production guidance of 70,000-75,000 ounces, demonstrating the company's operational stability and reliability in gold mining.
- Significant Capital Investment: The company completed approximately $60 million in capital investments at Florida Canyon, covering mining, infrastructure, and equipment upgrades, aimed at enhancing production capacity and future growth potential.
- Enhanced Mine Flexibility: Key infrastructure and equipment improvements position Florida Canyon for greater production consistency and flexibility in 2026, supporting long-term operational performance.
- Cash Flow Supports Strategy: Cash flow from Florida Canyon not only funded mine reinvestments but also advanced technical progress and risk mitigation at the DeLamar and Nevada North projects, validating the strategic rationale behind acquiring Florida Canyon.
See More
Integra Resources Corp's DeLamar Project Selected for U.S. Federal FAST-41 Transparency Program
- Project Milestone: Integra Resources Corp's DeLamar Heap Leach Project has been selected for the U.S. Federal FAST-41 Transparency Projects Program, marking a significant enhancement in transparency regarding environmental reviews and authorizations, thereby accelerating the project's advancement.
- Economic Viability Confirmed: The 2025 feasibility study indicates that the DeLamar project is expected to produce 1.1 million ounces of gold equivalent over a 10-year mine life, with an average annual production of 106,000 ounces and an all-in sustaining cost of $1,480 per ounce, showcasing strong economic return potential.
- Increased Internal Rate of Return: Under base case gold and silver prices, the DeLamar project achieves an after-tax net present value of $774 million and an internal rate of return of 46%, while recent price increases elevate the after-tax NPV to $1.7 billion and IRR to 89%, indicating a substantial enhancement in profitability.
- Commitment to Environmental Review: Integra is committed to advancing the project under a rigorous NEPA process, with an anticipated 15-month review period by the BLM, which not only aids in compliance but also strengthens stakeholder collaboration, ensuring the project's sustainable development.
See More
Integra Resources Corp's DeLamar Project Selected for U.S. Federal FAST-41 Transparency Projects Program
- Enhanced Project Transparency: Integra Resources Corp's DeLamar Heap Leach Project has been selected for the U.S. Federal FAST-41 Transparency Projects Program, aimed at improving visibility and predictability in federal environmental reviews by establishing project-specific timetables, thereby enhancing the efficiency and transparency of project advancement.
- Optimized Coordination Mechanism: The project will be assigned a dedicated project advisor from the Permitting Council, responsible for monitoring progress and facilitating coordination among federal agencies, ensuring active engagement during the environmental review process to expedite approvals.
- Clear Decision Timeline: According to the Bureau of Land Management's timeline, the DeLamar Project is expected to publish a Record of Decision in Q3 2027, marking an efficient 15-month National Environmental Policy Act (NEPA) review process, indicating a promising development outlook for the project.
- Significant Economic Potential: The feasibility study for the DeLamar Project indicates an expected production of 1.1 million ounces of gold equivalent over a 10-year mine life, with an average annual output of 106,000 ounces, and at base case gold and silver prices, the project's after-tax net present value reaches $774 million with a 46% internal rate of return, showcasing strong economic return potential.
See More
Integra Resources Corp. Secures Federal Permitting Timeline for DeLamar Project
- Federal Permitting Schedule: The U.S. Bureau of Land Management (BLM) has established a federal permitting timeline for Integra's DeLamar Project, with a Notice of Intent expected in Q2 2026 and a 15-month NEPA review period concluding in Q3 2027, significantly enhancing project feasibility and certainty.
- Significant Economic Benefits: The feasibility study for the DeLamar Project indicates an expected production of 1.1 million ounces of gold equivalent over a 10-year mine life, with an average annual output of 106,000 ounces at an all-in sustaining cost of $1,480 per ounce, showcasing strong economic return potential.
- Thorough Environmental Review Preparation: Since acquiring the project in 2017, Integra has completed nearly a decade of environmental baseline data collection and engineering studies, ensuring the project is well-prepared for rigorous environmental review and compliance with stringent standards.
- Enhanced Community Engagement: The project has actively engaged with surrounding communities and Tribal Nations during its development, gathering feedback to refine project design and ensuring that environmental impact assessments address various stakeholder concerns, promoting sustainable development.
See More
Integra Resources Secures $55M Financing Deal
- Financing Agreement Reached: Integra Resources has entered into a bought-deal financing agreement with Canaccord Genuity and Stifel Nicolaus Canada, with underwriters agreeing to purchase 16.18 million common shares at $3.40 each, expected to generate approximately $55 million in gross proceeds.
- Over-Allotment Option Granted: Integra has granted underwriters an over-allotment option to purchase up to 1.94 million additional shares, representing 12% of the offering, providing the company with additional financing flexibility if needed.
- Clear Use of Proceeds: The net proceeds from this financing will be allocated to pre-production capital expenditures at the DeLamar Project, including early works, procurement, and land acquisition, aimed at accelerating project development and mitigating risks.
- Negative Market Reaction: Despite the successful financing, Integra Resources' shares fell by 5% in after-hours trading, indicating market concerns regarding the company's future performance, which may impact investor confidence.
See More
Integra Resources Corp. Completes Financing Agreement
- Financing Agreement Reached: Integra Resources Corp. has entered into an agreement with Canaccord Genuity and Stifel Nicolaus to issue 16.18 million common shares at $3.40 each, expecting gross proceeds of $55.01 million to fund pre-production capital expenditures at the DeLamar Project.
- Over-Allotment Option: The company has granted underwriters an over-allotment option to purchase an additional 12% of shares, potentially increasing capital inflow post-offering and enhancing financial flexibility for project execution.
- Expected Closing Date: The offering is anticipated to close around February 9, 2026, subject to customary closing conditions, including approvals from the TSX Venture Exchange and the SEC, ensuring compliance and transparency in the process.
- Investor Information Disclosure: The company has filed a preliminary prospectus supplement to provide detailed information to prospective investors, demonstrating a commitment to transparency and investor protection in the financing process.
See More
Integra Resources Corp. Provides Q4 2025 Operational Update
- Production Meets Guidance: Florida Canyon Mine produced 70,927 ounces of gold in 2025, aligning with the production guidance of 70,000-75,000 ounces, demonstrating the company's operational stability and reliability in gold mining.
- Significant Capital Investment: The company completed approximately $60 million in capital investments at Florida Canyon, covering mining, infrastructure, and equipment upgrades, aimed at enhancing production capacity and future growth potential.
- Enhanced Mine Flexibility: Key infrastructure and equipment improvements position Florida Canyon for greater production consistency and flexibility in 2026, supporting long-term operational performance.
- Cash Flow Supports Strategy: Cash flow from Florida Canyon not only funded mine reinvestments but also advanced technical progress and risk mitigation at the DeLamar and Nevada North projects, validating the strategic rationale behind acquiring Florida Canyon.
See More
Integra Resources Corp's DeLamar Project Selected for U.S. Federal FAST-41 Transparency Program
- Project Milestone: Integra Resources Corp's DeLamar Heap Leach Project has been selected for the U.S. Federal FAST-41 Transparency Projects Program, marking a significant enhancement in transparency regarding environmental reviews and authorizations, thereby accelerating the project's advancement.
- Economic Viability Confirmed: The 2025 feasibility study indicates that the DeLamar project is expected to produce 1.1 million ounces of gold equivalent over a 10-year mine life, with an average annual production of 106,000 ounces and an all-in sustaining cost of $1,480 per ounce, showcasing strong economic return potential.
- Increased Internal Rate of Return: Under base case gold and silver prices, the DeLamar project achieves an after-tax net present value of $774 million and an internal rate of return of 46%, while recent price increases elevate the after-tax NPV to $1.7 billion and IRR to 89%, indicating a substantial enhancement in profitability.
- Commitment to Environmental Review: Integra is committed to advancing the project under a rigorous NEPA process, with an anticipated 15-month review period by the BLM, which not only aids in compliance but also strengthens stakeholder collaboration, ensuring the project's sustainable development.
See More
Integra Resources Corp's DeLamar Project Selected for U.S. Federal FAST-41 Transparency Projects Program
- Enhanced Project Transparency: Integra Resources Corp's DeLamar Heap Leach Project has been selected for the U.S. Federal FAST-41 Transparency Projects Program, aimed at improving visibility and predictability in federal environmental reviews by establishing project-specific timetables, thereby enhancing the efficiency and transparency of project advancement.
- Optimized Coordination Mechanism: The project will be assigned a dedicated project advisor from the Permitting Council, responsible for monitoring progress and facilitating coordination among federal agencies, ensuring active engagement during the environmental review process to expedite approvals.
- Clear Decision Timeline: According to the Bureau of Land Management's timeline, the DeLamar Project is expected to publish a Record of Decision in Q3 2027, marking an efficient 15-month National Environmental Policy Act (NEPA) review process, indicating a promising development outlook for the project.
- Significant Economic Potential: The feasibility study for the DeLamar Project indicates an expected production of 1.1 million ounces of gold equivalent over a 10-year mine life, with an average annual output of 106,000 ounces, and at base case gold and silver prices, the project's after-tax net present value reaches $774 million with a 46% internal rate of return, showcasing strong economic return potential.
See More
Integra Resources Corp. Secures Federal Permitting Timeline for DeLamar Project
- Federal Permitting Schedule: The U.S. Bureau of Land Management (BLM) has established a federal permitting timeline for Integra's DeLamar Project, with a Notice of Intent expected in Q2 2026 and a 15-month NEPA review period concluding in Q3 2027, significantly enhancing project feasibility and certainty.
- Significant Economic Benefits: The feasibility study for the DeLamar Project indicates an expected production of 1.1 million ounces of gold equivalent over a 10-year mine life, with an average annual output of 106,000 ounces at an all-in sustaining cost of $1,480 per ounce, showcasing strong economic return potential.
- Thorough Environmental Review Preparation: Since acquiring the project in 2017, Integra has completed nearly a decade of environmental baseline data collection and engineering studies, ensuring the project is well-prepared for rigorous environmental review and compliance with stringent standards.
- Enhanced Community Engagement: The project has actively engaged with surrounding communities and Tribal Nations during its development, gathering feedback to refine project design and ensuring that environmental impact assessments address various stakeholder concerns, promoting sustainable development.
See More
