Integra Resources Corp. announced that the U.S. Bureau of Land Management has formally established a federal permitting schedule for its DeLamar Heap Leach Project in southwestern Idaho. The schedule sets a Notice of Intent to be published in the second quarter of 2026, followed by a 15‑month National Environmental Policy Act review that should culminate in an Environmental Impact Statement and Record of Decision in the third quarter of 2027. The accelerated pathway materially reduces permitting uncertainty and positions DeLamar as one of the few large‑scale U.S. gold‑silver projects with a defined, expedited federal schedule.
The DeLamar Project, acquired by Integra in November 2017, has a proven 10‑year mine life with an average annual production of 106,000 gold‑equivalent ounces. A recent feasibility study released December 2025 confirmed robust economics, projecting an all‑in sustaining cost of $1,480 per ounce and an after‑tax net present value of $774 million at base‑case gold and silver prices. By locking in the NEPA timeline, Integra removes a major regulatory hurdle that previously delayed first production, shortening the capital cycle and improving the project’s risk profile.
Management highlighted the strategic importance of the schedule, noting that the defined pathway “materially reduces one of the most significant barriers to mine development in the United States.” The clarity also strengthens the project’s financial case, enabling the company to better forecast capital expenditures, align its cash‑flow strategy, and potentially accelerate the construction decision. The schedule supports the feasibility study’s economics by reducing the probability of costly delays and providing a clearer timeline for securing state and local permits such as groundwater, water‑discharge, and air‑quality approvals.
Analysts reacted positively to the news, with Integra’s stock rising 1.9% in pre‑market trading on January 13. The market response was driven by the de‑risking effect of the federal schedule, which investors view as a significant step toward shovel‑ready status. The announcement also reinforced confidence in the company’s ability to execute large‑scale U.S. projects, a key theme in recent analyst coverage.
With the federal schedule in place, Integra will focus on obtaining the remaining state and local permits and preparing for construction. The company’s next milestones include finalizing groundwater and water‑discharge approvals, securing air‑quality permits, and moving toward a construction decision. The accelerated NEPA pathway positions DeLamar to enter production earlier than previously anticipated, potentially delivering first‑year cash flow and contributing to Integra’s overall portfolio value.
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