Integra Resources Corp. announced that it expects to receive CAD 35 million in funding from Millennial Precious Metals Corp., Wheaton Precious Metals Corp.

Integra Resources Corp. announced that it has entered into brokered offering of 35,000,000 subscription receipts at a price of CAD 0.70 per share for the gross proceeds of CAD 24.5 million and the non-brokered offering of 15,000,000 subscription receipts at a price of CAD 0.70 per share for the gross proceeds of CAD 10.5 million for the aggregate gross proceeds of CAD 35 million on February 27, 2023. The transaction will include participation from Millennial Precious Metals Corp.

and Wheaton Precious Metals Corp. The company has also granted the underwriters an option, exercisable, in whole or in part, for a period of 30 days following the closing of the brokered offering, to sell up to an additional 15% of the subscription receipts sold under the transaction at the Issue Price. If the Over Allotment Option is exercised in full, the total gross proceeds of the Brokered Offering will be CAD 28,200,000.

The transaction is expected to close on March 16, 2023. The transaction is subject to the approval of TSXV and other necessary regulatory approvals.