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INTEGRA ANNOUNCES CLOSING OF ROYALTY TRANSACTION WITH WHEATON PRECIOUS METALS AND RECEIPT OF FIRST CASH INSTALLMENT OF US$4.875 MILLION
INTEGRA ANNOUNCES CLOSING OF ROYALTY TRANSACTION WITH WHEATON PRECIOUS METALS AND RECEIPT OF FIRS...
About this update from Integra Resources Corp
[{"type":"text","content":"\n \n \n \n INTEGRA ANNOUNCES CLOSING OF ROYALTY TRANSACTION WITH WHEATON PRECIOUS METALS AND RECEIPT OF FIRST CASH INSTALLMENT OF US$4.875 MILLION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSXV: ITR; NYSE American: ITRG\n \n \n \n \n www.integraresources.com\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n March 7, 2024\n \n \n /CNW/ -\n \n Integra Resources Corp. (\"Integra\" or the \"Company\")\n \n (TSXV: ITR) (NYSE American: ITRG) is pleased to announce that is has closed the previously announced royalty transaction between its wholly-owned subsidiary, DeLamar Mining Company, and Wheaton Precious Metals (Cayman) Co., a wholly-owned subsidiary of Wheaton Precious Metals Corp. (\"Wheaton\"), pursuant to which Wheaton acquired a 1.5% net smelter returns royalty (\"NSR\") on metal production from all claims of the DeLamar and Florida Mountain Deposit (together \"DeLamar\" or the \"Project\") for an aggregate cash purchase price of\n \n US$9.75 million\n \n , to be paid in two installments (the \"Transaction\"). Integra has received the first installment of\n \n US$4.875 million\n \n and expects to receive the second installment of\n \n US$4.875 million\n \n in approximately four months, subject to certain closing conditions. The net proceeds from the Transaction will be used for the continued development of DeLamar, including work to support a Feasibility Study and the advancement of the National Environmental Policy Act permitting process in\n \n the United States\n \n (\"U.S.\").\n \n \n \n \n \n \n \n \n \n \n Integra's President, CEO & Director,\n \n Jason Kosec\n \n , commented:\n \n \"We are pleased to close the royalty transaction with Wheaton and receive the first installment payment of\n \n US$4.875 million\n \n , which will be used directly for the advancement of DeLamar toward a construction decision. The Transaction represents a significant endorsement for both the quality of the DeLamar project and the team at Integra. We would like to thank Wheaton for ...