Published: November 21, 2024 |

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Integra Resources and Florida Canyon Gold (FCGI) have completed their merger by way of a court approved plan of arrangement under the Canada Business Corporations Act. The transaction was overwhelmingly approved by shareholders of FCGI.

“We are thrilled to announce the completion of this transformational transaction for Integra. I would like to welcome the new team members, board members, and shareholders to Integra,” said Jason Kosec, president, CEO, and director of Integra.

“The Florida Canyon Mine will play a crucial role in realizing our long-term vision of becoming a leading mid-tier precious metals producer. Today marks the beginning of a new chapter for Integra as a Great Basin focused precious metals producer with a built-in growth pipeline, peer leading resource base, bolstered balance sheet, and strong support from our key strategic shareholders, including Wheaton Precious Metals, Beedie Capital, and Alamos Gold,” added Kosec.

As a result of the transaction, FCGI became a wholly-owned subsidiary of Integra.

BOARD OF DIRECTORS

Integra’s board of directors will continue to be led by George Salamis, as executive chairman, and now includes Janet Yang and Ian Atkinson, former directors of FCGI, as new members.

Janet Yang has more than twenty years of varied experience in financial management, business leadership, corporate strategy, capital markets, and M&A. She currently serves as chief financial officer for Reveam, a developer and operator of electronic cold-pasteurization treatment systems. Prior to joining Reveam, Yang held the role of research director, Energy and Mining at GMT Capital Corp., and from 2018 to 2023, she was executive vice president and chief financial officer of W&T Offshore, a Texas-based oil and gas exploration and production company. While at W&T Offshore, Yang was responsible for $1.7 billion in financing transactions and played a key role in other strategic initiatives, including a substantial deleveraging of the company and originating the company’s partnerships with large, international entities such as Baker Hughes General Electric and Korea National Oil Company. Earlier in her career, Yang held positions in research and investment analysis at BlackGold Capital Management, investment banking at Raymond James and energy trading at Allegheny Energy. Yang also serves on the board of directors of Saturn Oil & Gas, and she previously served as a director for FCGI and Argonaut Gold. Yang holds a Master of Business Administration degree from the Booth School of Business at the University of Chicago, as well as a Bachelor of Arts degree in Economics from Rice University.

Ian Atkinson is a Professional Geologist who currently serves as director of Globex Mining Enterprises and Wolfden Resources Corporation and retired from the board of Kinross Gold in May 2024. Atkinson was previously director, president, and CEO of Centerra Gold. He has more than 50 years of experience in the mining industry with extensive background in exploration, project development, operations, mergers, and acquisitions. Prior to his ten-year tenure at Centerra, Atkinson held various senior positions with Hecla Mining Company, Battle Mountain Gold, Hemlo Gold Mines, and Noranda. During his career, Atkinson has contributed to the discovery of several major mineral deposits and been involved in a number of large global mining projects. Atkinson holds a Bachelor of Science (Geology) from King’s College, University of London and a Master’s Degree in Geophysics from the Royal School of Mines, University of London.

Integra Resources is a growing precious metals producer in the Great Basin of the Western United States. Integra is focused on demonstrating profitability and operational excellence at its principal operating asset, the Florida Canyon Mine, located in Nevada. In addition, Integra is committed to advancing its flagship development-stage heap leach projects: the past producing DeLamar Project located in southwestern Idaho and the Nevada North Project located in western Nevada. Integra creates sustainable value for shareholders, stakeholders, and local communities through successful mining operations, efficient project development, disciplined capital allocation, and strategic M&A, while upholding the highest industry standards for environmental, social, and governance practices.

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