Integra Resources Corp. (NYSE American: ITRG) provided an update on its DeLamar Gold-Silver Project in southwestern Idaho, announcing the appointment of GenCap Mining Advisory as project financing advisor as the company advances toward a potential Final Investment Decision (FID).

According to a company statement, detailed engineering, permitting, procurement, and site infrastructure work are all progressing. An FID is expected to follow the publication of an Environmental Impact Statement (EIS) and Record of Decision (RoD), which are anticipated in the second half of 2027.

The DeLamar Feasibility Study, completed in December 2025, estimated initial capital of approximately US$389 million. The study projected an after-tax net present value of US$774 million and an after-tax internal rate of return of 46%, based on gold prices of US$3,000 per ounce and silver at US$35 per ounce. Average annual production was estimated at approximately 119,000 gold-equivalent ounces in years one through five and 106,000 ounces over the life of mine.

Integra entered the National Environmental Policy Act permitting review process in May 2026. The public scoping comment period concluded in June 2026, and the company is now working with the U.S. Bureau of Land Management on EIS preparation.

Lead engineering partner Ausenco Engineering USA South Inc., supported by SLR Consulting, is advancing detailed engineering on heap leach pad design, water treatment systems, and electrical power infrastructure. Integra expects to complete orders for long-lead equipment, including the Merrill-Crowe plant, crushing facility, and electrical equipment, by the end of 2026.

A crushing pilot plant mobilized to the site in July 2026 has processed approximately 39,000 tons of historical backfill material to test assumptions from the Feasibility Study.

GenCap has been engaged to evaluate and structure potential financing alternatives for the project. Integra also entered into an agreement with Idaho Power Company for procurement of long-lead electrical equipment, with a subsequent construction agreement expected by the end of 2026 to bring electrical capacity to approximately 6 megawatts by 2030.