Integra raises US$17 million to advance DeLamar gold and silver project in Idaho
The company said that Coeur Mining, which held approximately 6% of the issued and outstanding common shares of Integra prior to the offering, exercised its participation right and has maintained its ownership of approximately 6% through the purchase of a total of 423,213 common shares in the offering.
Integra added it intends to use the net proceeds to fund exploration and development expenditures at the DeLamar gold-silver project and for working capital and general corporate purposes.
Integra is a development-stage mining company focused on the exploration and de-risking of the past producing DeLamar gold-silver project in Idaho, USA. The company is currently focused on resource growth through brownfield and greenfield exploration and the completion of a pre-feasibility study in Q4 2021 designed to advance the DeLamar project towards permitting and a potential construction decision.