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INTEGRA ANNOUNCES RECEIPT OF FINAL CASH INSTALLMENT OF US$4.875 FROM WHEATON PRECIOUS METALS IN CONNECTION WITH DELAMAR ROYALTY SALE
INTEGRA ANNOUNCES RECEIPT OF FINAL CASH INSTALLMENT OF US$4.875 FROM WHEATON PRECIOUS METALS IN C...
About this update from Integra Resources Corp
[{"type":"text","content":"\n \n \n \n INTEGRA ANNOUNCES RECEIPT OF FINAL CASH INSTALLMENT OF US$4.875 FROM WHEATON PRECIOUS METALS IN CONNECTION WITH DELAMAR ROYALTY SALE\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSXV: ITR; NYSE American: ITRG\n \n \n \n \n \n www.integraresources.com\n \n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n July 8, 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 following the satisfaction of certain closing conditions, it has received the final cash installment of\n \n US$4.875 million\n \n in connection with 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\").  Wheaton acquired a 1.5% net smelter returns royalty 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 , paid in two installments (the \"Transaction\"). Integra received the first installment of\n \n US$4.875 million\n \n on\n \n March 7, 2024\n \n .\n \n \n \n \n \n \n \n \n \n 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 Integra's President, CEO & Director,\n \n Jason Kosec\n \n , commented:\n \n \"We are pleased to receive the second and final payment of\n \n US$4.875 million\n \n from our partners at Wheaton, which will be used directly for the advancement of DeLamar toward a construction decision. The completion of this 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 the continued support in helping us achieve o...