06:13:24 EDT Fri 04 Jul 2025
Enter Symbol
or Name
USA
CA



Integra Resources Corp (3)
Symbol ITR
Shares Issued 168,571,712
Close 2025-01-29 C$ 1.495
Market Cap C$ 252,014,709
Recent Sedar Documents

Integra cheers SPEED Act in Idaho

2025-01-30 09:59 ET - News Release

Mr. George Salamis reports

INTEGRA HIGHLIGHTS IDAHO'S SPEED ACT TO SUPPORT PERMITTING EFFICIENCY, NEW FEDERAL INITIATIVES, AND REITERATES COMMITMENT TO ADVANCING PERMITTING AT DELAMAR

Integra Resources Corp. is offering its strong support for Idaho Governor Brad Little's Executive Order 2025-02, the Strategic Permitting, Efficiency, and Economic Development Act (the SPEED Act). The recently signed executive order creates a SPEED Council, comprising 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 co-ordinated manner. The SPEED Act emphasizes Idaho's commitment to responsible resource development and demonstrates that efficient permitting can effectively co-exist 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 projects. 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 continuing work as part of the coming 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 co-operating governmental agencies and stakeholders. DeLamar is one of the most advanced gold-silver development projects in the Western United States 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, chief executive officer 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

Mr. Little's executive order establishes the SPEED Council to streamline and improve Idaho's permitting process. By bringing together key state agencies under a co-ordinated 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;
  • Co-ordinated permitting -- implementing a unified, predictable and timely review process for qualifying projects;
  • Transparency and efficiency -- requiring clear timelines, public reporting and continuing 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.

The U.S. federal government recently issued the Unleashing American Energy Executive Order, aiming to boost domestic energy and mineral production, reduce reliance on foreign adversaries for sourcing of materials, and solidify the United States' pathway toward 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.

About Integra Resources Corp.

Integra is a growing precious metal 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 (mergers and acquisitions) while upholding the highest industry standards for environmental, social and governance practices.

We seek Safe Harbor.

© 2025 Canjex Publishing Ltd. All rights reserved.