MARKET WIRE NEWS

INTEGRA CLOSES US$61 MILLION BOUGHT DEAL FINANCING

MWN-AI** Summary

Integra Resources Corp. has successfully completed a bought deal public offering, raising approximately US$61.6 million through the sale of 18,121,600 common shares at a price of US$3.40 per share. This substantial financing has been underwritten by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc., alongside a syndicate that includes ATB Capital Markets Corp., Desjardins Securities Inc., and Raymond James Ltd. Notably, the offering was oversubscribed and included the full exercise of an over-allotment option by the underwriters.

The company plans to utilize the net proceeds from this offering to fund pre-production capital expenditures at its DeLamar Project, which involves procurement work, land purchases, and early works. This strategic financing comes on the heels of significant regulatory permitting advancements, specifically the receipt of a 15-month permit timeline under the National Environmental Policy Act (NEPA) and designation under the FAST-41 project by U.S. federal regulators, as well as the completion of the feasibility study for the DeLamar Project.

George Salamis, the President and CEO of Integra, emphasized that this financing positions Integra favorably to take advantage of an execution window regarding project development. The funds will enable the company to expedite low-risk activities that can commence before a formal Record of Decision, thereby reducing timelines and execution risks associated with the project.

This move reflects Integra’s commitment to disciplined capital allocation and aims to enhance project readiness, while minimizing future financing risks and potential shareholder dilution. As the company advances its operations in the Great Basin area, this financial boost underscores its strategy for sustainable growth and operational excellence in precious metal production.

MWN-AI** Analysis

Integra Resources Corp.'s recent closing of a US$61 million bought deal financing marks a significant milestone for the company as it positions itself for upcoming developments at the DeLamar Project in Idaho. The financing, led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc., demonstrates strong investor confidence, underscored by an oversubscribed offering. The funds will primarily support pre-production capital expenditures, crucial for advancing project timelines and reducing overall execution risk.

As Integra leverages this capital, investors should take note of several critical factors influencing the company's market potential. Firstly, the successful completion of the feasibility study and the recent NEPA permitting timeline indicate a favorable regulatory environment, which is essential for progressing in the mining sector. This regulatory transparency should enhance investor sentiment, alleviating some concerns around long-term execution.

Moreover, the strategic focus on early works and procurement at the DeLamar Project could lead to accelerated development timelines, which is a positive signal in a sector where delays can often lead to cost overruns and diminishing investor confidence.

Financial analysts also recommend monitoring gold and silver prices, as fluctuations in these commodity markets can significantly impact mining operations and profitability. With Integra positioned as a growing precious metals producer in the Great Basin, its financial health will be closely tied to global commodity trends.

Overall, while the initial capital raise positions Integra for potential success, investors should remain cognizant of the inherent risks within the mining industry, including regulatory hurdles and fluctuating market conditions. Thus, maintaining a balanced investment approach that incorporates both the potential upside of Integra’s developments and the associated risks is advisable. Keeping abreast of company announcements and market conditions will be crucial for stakeholders looking to capitalize on opportunities while mitigating risks.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Canada Newswire

Canada NewsWire

TSXV: ITR; NYSE American: ITRG
www.integraresources.com

VANCOUVER, BC, Feb. 9, 2026 /CNW/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce that it has completed its previously announced bought deal public offering of 18,121,600 common shares of the Company (the "Common Shares") at a price of US$3.40 per Common Share for aggregate gross proceeds of US$61,613,440 (the "Offering"), including the full exercise of the over-allotment option by the Underwriters (as defined below). The Offering was led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc. as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters that included ATB Capital Markets Corp., Desjardins Securities Inc. and Raymond James Ltd. (collectively, the "Underwriters").  

The Common Shares were offered pursuant to a final prospectus supplement of the Company dated February 4, 2026 (the "Prospectus Supplement") to the short form base shelf prospectus of the Company dated January 16, 2024 (the "Base Shelf Prospectus"), in all of the provinces of Canada, except Quebec, and in the United States pursuant to a prospectus supplement dated February 4, 2026 (the "US Prospectus Supplement") filed as part of an effective registration statement on Form F-10 (File No. 333-276530) (the "Registration Statement") under the Canada/U.S. multi-jurisdictional disclosure system. The Offering remains subject to the final approval of the TSX Venture Exchange (the "TSXV").

The Offering was completed pursuant to an underwriting agreement dated February 4, 2026 entered into among the Company and the Underwriters. The Company paid the Underwriters a cash fee of 5% of the aggregate gross proceeds of the Offering, other than in respect of the purchasers on the president's list, for which a cash fee of 2.5% was paid.

The Company intends to use the net proceeds to fund pre-production capital expenditures at the DeLamar Project, including procurement work, early works and land purchase.

George Salamis, President, CEO and Director of Integra, commented: "Following significant permitting milestones in early 2026 — including receipt of a 15-month NEPA permitting timeline and FAST-41 project designation from U.S. federal regulators — together with the recent filing of the DeLamar Project Feasibility Study, this oversubscribed financing positions Integra to capitalize on a clear execution window. The Feasibility Study has defined the early works that can advance ahead of a Record of Decision, enabling us to fund procurement, land acquisition, and other low-risk activities that shorten the development timeline and reduce execution risk at DeLamar. Raising capital from a position of strength, supported by permitting visibility, reflects a disciplined approach that enhances project readiness, lowers future financing risk, and supports a more efficient path toward a construction decision while minimizing long-term shareholder dilution."

Copies of the applicable offering documents can be obtained free of charge under the Company's profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. Delivery of the Base Shelf Prospectus and the Prospectus Supplement and any amendments thereto will be satisfied in accordance with the "access equals delivery" provisions of applicable Canadian securities legislation. An electronic or paper copy of the Prospectus Supplement, the US Prospectus Supplement, the Base Shelf Prospectus and the Registration Statement may be obtained, without charge, from the Company or in Canada from Canaccord Genuity Corp., 40 Temperance Street, Suite 2100, Toronto, ON M5H 0B4 or by e-mail at ecm@cgf.com, or in the United States from Canaccord Genuity LLC, 99 High Street, Suite 1200, Boston, Massachusetts 02110, Attn: Syndicate Department, by telephone at (617) 317-3900 or by email at prospectus@canaccordgenuity.com, by providing the contact with an email address or physical address, as applicable

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such province, state or jurisdiction. The securities being offered and the contents of this press release have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the Prospectus Supplements, the Base Shelf Prospectus or the Registration Statement.

About Integra

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

CONTACT INFORMATION
Corporate Inquiries: ir@integraresources.com
Company website: www.integraresources.com
Office phone: 1 (604) 416-0576

Forward Looking Statements

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian and United States securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the use of the net proceeds from the Offering; anticipated advancement of mineral properties or programs; the receipt of final TSXV approval; future operations; future growth potential of Integra; and future development plans.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business. Management believes that these assumptions are reasonable. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others: risks related to the speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Such factors are described in detail in the Prospectus Supplements and the documents incorporated by reference in the Prospectus Supplements.

Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.

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.

SOURCE Integra Resources Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2026/09/c8402.html

FAQ**

How does Integra Resources Corp. ITRG plan to allocate the US$61 million raised from the bought deal financing toward the pre-production capital expenditures at the DeLamar Project?

Integra Resources Corp. (ITRG) plans to allocate the US$61 million raised from the bought deal financing primarily towards pre-production capital expenditures at the DeLamar Project, focusing on advancing construction, infrastructure, and related activities to expedite project development.

What specific milestones and progress have occurred at the DeLamar Project that influenced Integra Resources Corp. ITRG's decision to pursue this financing at this time?

Integra Resources Corp. decided to pursue financing for the DeLamar Project following significant milestones, including the completion of a positive feasibility study, advancements in resource delineation, and strategic land acquisitions that enhanced project viability.

Can you provide details on the expected timeline for the completion of activities funded by the recent US$61 million financing for Integra Resources Corp. ITRG at the DeLamar Project?

The expected timeline for the completion of activities funded by the recent US$61 million financing for Integra Resources Corp. at the DeLamar Project is projected to unfold over the next 18 to 24 months, focusing on planned exploration and resource development activities.

How will the successful completion of this financing impact Integra Resources Corp. ITRG's overall project execution strategy and goals for minimizing shareholder dilution?

The successful completion of the financing will enhance Integra Resources Corp.'s ITRG project execution strategy by securing necessary capital, enabling timely advancements in project development while minimizing shareholder dilution through efficient fund allocation and potential value creation.

**MWN-AI FAQ is based on asking OpenAI questions about Integra Resources Corp. (TSXVC: ITR:CC).

Integra Resources Corp.

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