Earlier this month, Integra Resources (ITR.V, ITRG) announced the US Bureau of Land Management has established a federal permitting schedule under the National Environmental Policy Act. It’s not a secret that permitting under the Trump Administration is substantially faster than under previous administration and whereas we were already quite optimistic when we expected an 18 month permitting timeline, the NEPA review period is now estimated at just 15 months, shaving off three months from our expectations.
The Notice of Intent will be delivered in the second quarter of 2026, which should result in the issuance of an Environmental Impact Statement and Record of Decision in Q3 2027. This will allow the company to cast the iron while it’s hot, and this will bring the anticipated construction and cash flows from DeLamar forward by a noticeable amount of time. This will also allow Integra to complete the permitting process within the four year term of the Trump Administration.
We discussed the company’s feasibility study in a previous update HERE, and it’s quite obvious that the current gold price environment (the spot price is approximately 50% higher than the gold price used in the base case scenario) provides a very nice tailwind.
Disclosure: The author has a long position in Integra Resources. Integra is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
