Integra Resources expands DeLamar project footprint in Idaho

Integra Resources (TSXV: ITR; NYSE-A: ITRG) says it has acquired a strategically located ranch contiguous with the company’s DeLamar project in Owyhee county, Idaho for $12.5 million.

The acquisition, Integra said, supports the company’s strategy for de-risked and efficient project advancement by consolidating land ownership surrounding key infrastructure at DeLamar, while concurrently securing significant permitting, environmental, operational and community-alignment benefits.

The DeLamar project, about 100 km from the capital of Boise, comprises a historic gold mine of the same name and the Florida Mountain gold-silver deposit. The DeLamar mine was previously owned by Kinross Gold (TSX: K) and sold to Integra with existing infrastructure in place.

The ranch covers 6,600 deeded acres, along with a large US Bureau of Land Management (BLM) grazing permit and two Idaho State grazing leases.

The land consolidation extinguishes underlying easements and access agreements, eliminating associated payment obligations, and secures prime mitigation habitat in close proximity to the project, the company said.

“This acquisition represents a significant land consolidation for Integra and the DeLamar project,” Integra CEO George Salamis said in a news release. “Beyond the acreage itself, the transaction advances our long-term strategic objectives by enhancing our ability to responsibly develop DeLamar.”

Since acquiring the project in 2017, Integra has advanced it through the feasibility stage. The report released in late 2025 outlined a potential 10-year mine with total production of 1.1 million oz. of gold equivalent, generating an after-tax net present value (at 5% discount) of $774 million with an internal rate of return of 46% 

“After many years of collaborating with the ranching community to help shape our future operations, we are proud to now be joining that community through an acquisition that underscores our long-term commitment to the land and the people of the region,” Salamis added.

By market close in Toronto on Tuesday, Integra’s stock was down 4.7%. The company has a C$852 million ($624m) market capitalization.