OCI Confirms Q3 2025 USD 700 Million Extraordinary Cash Distribution
Of the USD 700 million distribution, a proportion will be made as a repayment of capital corresponding to the amount of OCI's remaining fiscal reserve, to be determined using the appropriate exchange rate on 3 September. Shareholders that do not wish to receive a capital repayment can elect to receive an extraordinary cash dividend from the profit reserve instead. Shareholders that do not make a choice will participate in a portion of their distribution paid as a repayment of capital. The Company will make distributions in USD unless the relevant shareholder has opted for a distribution in EUR. The EUR equivalent amount for those shareholders that elect for payment in EUR will be determined using the appropriate exchange rate on 3 September. The shareholder election period will run from 20 August through 2 September.
This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
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As a result of this approach, the Federal and Provincial EAs for the Project are substantially the same and no subsequent revisions for conformance are expected to be required. " Saskatchewan is the world's second-largest uranium producer, and remains a destination of choice for mining investment due to our abundant natural resources and strong regulatory environment," Saskatchewan Premier Scott Moe said. " The province continues to be a national leader in safe and sustainable mining practices, well positioning Canada as an emerging energy superpower. As demand for these resources increase, we are pleased to see this project move ahead, further enhancing Saskatchewan's world class energy sector, while bringing new jobs and opportunities to northern communities." "I would like to congratulate Denison Mines on this significant project milestone with their Wheeler River Project", commented the Honourable Travis Keisig, Saskatchewan Minister of Environment. "We look forward to working with Denison as this project progresses and are excited that they have chosen Saskatchewan as a place to do business." David Cates, President and CEO of Denison, commented, "We thank the Province of Saskatchewan for entrusting Denison to proceed with the development of the Project, which is expected to set a superior standard of sustainability as the first ISR uranium mine in Canada. We applaud the work of the Provincial Government to uphold the province's rigorous environmental regulations, while simultaneously recognizing the important role that the natural resources sector can play in driving societal wellbeing. The Province of Saskatchewan is truly a leading jurisdiction for sustainable natural resource investments. 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Wheeler River is the largest undeveloped uranium project in the infrastructure-rich eastern portion of the Athabasca Basin region, in northern Saskatchewan. The project is host to the high-grade Phoenix and Gryphon uranium deposits, discovered by Denison in 2008 and 2014, respectively, and is a joint venture between Denison (90% and operator) and JCU (Canada) Exploration Company Limited (" JCU", 10%). In August 2023, Denison filed a technical report summarizing the results of (i) the feasibility study completed for ISR mining of the high-grade Phoenix uranium deposit and (ii) a cost update to the 2018 Pre-Feasibility Study for conventional underground mining of the basement-hosted Gryphon uranium deposit. 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Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'potential', 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will ' ' be taken', 'occur' or 'be achieved'. In particular, this press release contains forward-looking information pertaining to the following: expectations with respect to the EA process, including the filing of the final EIS and the results and objectives thereof; expectations regarding regulatory reviews and processes, including hearings with the CNSC Commission; and expectations regarding its joint venture ownership interests, including plans for mining and the use of SABRE by the MLVJ, and the continuity of its agreements with its partners and third parties. Forward - looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in Denison's Annual Information Form dated March 2 8, 202 5 under the heading 'Risk Factors' or in subsequent quarterly financial reports. 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INTEGRA ANNOUNCES RESULTS FROM NEAR-MINE OXIDE GOLD DRILLING AT FLORIDA CANYON; GROWTH POTENTIAL CONFIRMED AND DRILL PROGRAM EXPANDED
VANCOUVER, BC, Aug. 5, 2025 /CNW/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) is pleased to announce initial results from the 2025 resource growth drilling program at the Company's primary operating asset, the Florida Canyon Mine ("Florida Canyon") located in Nevada. The drill program marks the first phase of a multi-year growth strategy designed to expand mineral reserves and resources, extend mine life, and enhance the value of Florida Canyon. The 2025 growth drilling program is focused on three key areas: (1) Near-surface oxide potential from historical low-grade gold-mineralized waste material that was uneconomic at lower gold prices; (2) Expanding in-situ resources between existing mine open pits; and (3) Testing lateral extensions and in-pit infill drilling. Due to the success of initial drilling, the scope of the program has been increased from ~10,000 meters ("m") to ~16,000 m of reverse circulation ("RC") and sonic drilling. At the date of this news release, ~5,700 m of RC drilling has been completed. Highlights: Opportunity 1: Near-surface oxide potential from historical dump material: Drilling targeting large volumes of historical gold-mineralized low-grade waste material previously estimated to be below the mining cut-off grade in a significantly lower gold price environment. These areas demonstrate the greatest near-term opportunity to increase mineral resources and potentially extend mine life. Initial results from the North Mine Dump ("North Dump") confirmed broad, near-surface intervals of oxide gold mineralization with consistent gold grades and excellent heap leach potential. Top intercepts include (see detailed table below): FCM25-0569: 0.28 grams per tonne ("g/t") oxide gold ("Au") over 68.6 m FCM25-0570: 0.36 g/t oxide Au over 71.6 m FCM25-0575: 0.37 g/t oxide Au over 47.2 m, incl. 4.53 g/t oxide Au over 1.5 m ~70% of drill intercepts exceed the current mine cut-off grade of 0.11 g/t Au Due to the initial success of drilling at the North Dump, the drill program has been increased by ~6,000 m (from ~10,000 m to ~16,000 m). Additional drilling will be focused on the North Dump and South Mine Dump ("South Dump"), another large volume of potentially gold-mineralized low-grade material adjacent to the active mining area. Preliminary volume and grade estimation work is underway for the North Dump and South Dump with further detail expected in the coming months. Opportunity 2: Expand in-situ resources between existing mine open pits: Drilling targeting "saddle" and "ridge" ("Inter-Pit") areas located between active and historical pits. Many of these areas have been sparsely drilled historically and offer meaningful growth potential directly adjacent to current and future mining phases. Initial results from Inter-Pit areas confirmed broad, near-surface intervals of gold mineralization with consistent gold grades and heap leach potential. Top intercepts include (see detailed table below): FCM25-0588: 0.47 g/t Au over 39.6 m (North Pit) FCM25-0591: 0.27 g/t Au over 114.3 m (Central / Radio Tower Saddle) FCM25-0600: 0.25 g/t oxide Au over 73.2 m (Central / Radio Tower Saddle) ~40% of drill intercepts within the Radio Tower Pit exceed the current mine cut-off grade of 0.14 g/t Au ~35% of drill intercepts within the remaining Inter-Pit areas exceed the current mine cut-off grade of 0.11 g/t Au Metallurgical bottle roll leach tests are underway on material gathered through the drill program to assess potential gold recoveries and other ore characteristics; preliminary indications suggest favorable heap leach characteristics. The 2025 drill program at Florida Canyon is expected to support a mineral resource and reserve update and a revised life-of-mine plan in the first half ("H1") of 2026. George Salamis, President, CEO and Director of Integra commented: "A key driver behind the acquisition of Florida Canyon in late 2024 was not only the cash flow that the mine could generate, but also the significant near-mine growth potential. We are very encouraged by the initial results from our 2025 drill program, particularly from the high-priority North Dump area. Broad, consistent oxide gold-mineralized intercepts confirm excellent grade continuity and underscore the potential to grow resources and extend mine life. We also see promising results from the drilling in the Inter-Pit areas, which suggest the potential for pit expansions. Based on the success of initial drilling, the Company has increased the scope of the drill program by ~6,000 meters. Pursuing low-strip, near-surface gold-mineralized material at Florida Canyon in the current gold price environment offers compelling rationale. We look forward to sharing the continued progress as drilling advances through the summer and fall." Figure 3 – Historical North Mine Dump Material Cross Section A-A': Figure 4 – Historical North Mine Dump Material Cross Section B-B': Figure 5 – Inter-Pit 2025 Drill Collars: Figure 6 – Inter-Pit Cross Section C-C': Figure 7 – North-Pit Cross Section D-D': Opportunity 1 Drilling Overview: Near-Surface Oxide Potential from Historical Dump Material Within the permitted Florida Canyon mine boundary there are several large volumes of historically mined low-grade gold-mineralized dump material, averaging below the historical mine cut-off grades. This gold-mineralized material, which was historically uneconomic at lower gold prices, is a product of decades of past mining and has been identified as a high-potential, low-strip, near-surface oxide gold target for growth. Potential has already been demonstrated by the historical in-pit mine dumps (historical backfill material), which are being partially utilized by current operations. The historical dump material presents an immediate opportunity to expand reserves and resources with minimal mining cost. The North Dump was identified as a high-priority target for the 2025 growth drilling program at Florida Canyon and was therefore drilled at the outset of the program in May 2025. Initial drill results from the North Dump have been successful in demonstrating the potential for near-term oxide growth at Florida Canyon. Top intercepts from drilling at the North Dump (see detailed table below): FCM25-0569: 0.28 g/t oxide Au over 68.6 m FCM25-0570: 0.36 g/t oxide Au over 71.6 m FCM25-0575: 0.37 g/t oxide Au over 47.2 m, incl. 4.53 g/t oxide Au over 1.5 m ~70% of drill intercepts exceed the current mine cut-off grade of 0.11 g/t Au Key observations and achievements of initial drilling at the North Dump: Confirmed gold grade continuity and distribution Collected material for metallurgical testing, including bottle rolls, column tests, and permeability assessments Initial results support potential conversion of this material into mineral resources and reserves through inclusion in the updated resource and reserve block model and mine plan Material offers potential to increase future operational flexibility by providing readily available, gold-mineralized material suitable for heap leaching, that will not require blasting Material is expected to improve near- to medium-term ore feed without significant capital investment, while potentially reducing reliance on higher-strip in-situ material Due to the success of the initial drilling at the North Dump, the Company has planned for additional drilling within the North Dump and South Dump, focused on resource and reserve conversion and gathering additional material for the ongoing metallurgical testing of the area to determine potential for future heap leaching. The 2025 growth drilling program has been increased by ~6,000 meters (from ~10,000 m to ~16,000 m) to include additional drilling at the North Dump and South Dump areas. Preliminary volume and grade estimation work is underway for the North Dump and South Dump with further detail expected in the coming months. The 2025 drill program at Florida Canyon and supporting analysis is expected to support a mineral resource and reserve update and a revised life-of-mine plan in H1 2026. Opportunity 2 Drilling Overview: Expanding In-Situ Resources Between Existing Mine Open Pits A secondary focus of the drill program is on gold resource expansion opportunities within "saddle" and "ridge" zones located between existing open pits. Several of the Inter-Pit areas remain sparsely drilled and offer significant upside gold potential, with historical drilling demonstrating encouraging intercepts of mineralization at or near-surface. Inter-Pit areas targeted as part of the drill program include the Central/Radio Tower Pit Saddle, Florida Canyon Saddle, North Pit Saddle and within the Radio Tower Pit. Top intercepts from the Inter-Pit areas (see detailed table below): FCM25-0588: 0.47 g/t Au over 39.6 m (North Pit) FCM25-0591: 0.27 g/t Au over 114.3 m (Central / Radio Tower Saddle) FCM25-0600: 0.25 g/t oxide Au over 73.2 m (Central / Radio Tower Saddle) ~40% of drill intercepts within the Radio Tower Pit exceed the current mine cut-off grade of 0.14 g/t Au ~35% of the remaining drill intercepts within the Inter-Pit areas exceed the current mine cut-off grade of 0.11 g/t Au Key observations and achievements of initial drilling in the Inter-Pit areas: Confirmed gold grade continuity and distribution within targeted zones Collected material for metallurgical testing, including bottle rolls, column tests, and permeability assessments Initial results support potential pit expansion, specifically between the Central and Radio Tower Pits, two of the largest areas of known gold mineralization at Florida Canyon Excellent results within the North Pit Saddle, location of a potential satellite pit adjacent to an existing pit; further drilling is required to follow up on a gold vein system that was historically underexplored Success within the identified Inter-Pit areas has the potential to meaningfully increase mineral resources and reserves by extending existing pit limits within the current Florida Canyon Mine Plan of Operations. Detailed Drilling Results: The following table highlights selected intercepts from the 2025 Florida Canyon drill program announced within this news release. Table 1 – Detailed Drilling Results 1,2,3,4: 1 Downhole thickness is true thickness. 2 Intervals reported are uncapped. 3 An economical cut-off of 0.14 g/t Au within Radio Tower and 0.11 g/t Au for the rest of the mine site was considered during the creation of intersects. 4 Some of the reported intervals within Inter-Pit areas contain sulphide content exceeding ~1%, as determined by laboratory analysis. These sulphide concentrations may impact metallurgical recoveries and are not necessarily representative of the bulk tonnage of the zone. The reported intervals include both oxide and sulphide material as encountered in drilling. Further metallurgical testing is required to accurately characterize recovery profiles. About Integra Integra 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. ON BEHALF OF THE BOARD OF DIRECTORS George Salamis President, CEO and Director Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by Gregory Robinson (P.E., SME Registered Member), Integra's General Manager of the Florida Canyon Mine. Mr. Robinson is a "qualified person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). To verify the information related to the 2025 drilling programs at Florida Canyon, Mr. Robinson frequently visits the property; discussed logging, sampling, and sample shipping processes with responsible site staff; discussed and reviewed assay and QA/QC results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations. Sampling and QA/QC Procedure RC samples were collected at 5-foot intervals directly at the drill rig using pre-labeled bags. Samples were submitted to American Assay Laboratories ("AAL") in Reno, Nevada, an ISO/IEC 17025 accredited laboratory. AAL is independent of Integra. Sample preparation involved drying, jaw crushing to >70% passing 2 mm (10 mesh) and pulverizing a 300 g split to >85% passing 75 microns. Gold analysis was performed on a 30-gram pulp using fire assay with ICP-AES finish. Samples returning >10 ppm Au were re-assayed using a gravimetric finish. Additionally, samples with Au >0.156 ppm underwent cyanide-soluble (0.3% NaCN/0.3%NaOH using a sample to solution ratio of 1:2 or 10g/20mL) analysis and preg-robbing (0.3% NaCN/0.3%NaOH + 1.71ppm/mL Au spike using 1:2 ratio calculates to 3.42ppm in the 10g/20mL) tests to assess metallurgical characteristics. Quality control protocols included the routine insertion of blank samples, certified reference materials (standards), and field and pulp duplicates. Blank material and standards were purchased from Moment Exploration Geochemistry. AAL also inserted internal control samples and duplicates within each batch. Forward Looking Statements Certain information set forth in this news release contains "forward–looking statements" and "forward–looking information" within the meaning of applicable Canadian securities legislation and in applicable United States securities law (referred to herein as forward–looking statements). Except for statements of historical fact, certain information contained herein constitutes forward–looking statements which includes, but is not limited to, statements with respect to: the timing, scope, and objectives of the 2025 drill program at the Florida Canyon, the potential to expand mineral resources and reserves, extend mine life, optimize mine planning, and maximize project value, as well as the anticipated timing of results and a future mineral resource and reserve update and revised life-of-mine plan for Florida Canyon; the future financial or operating performance of the Company and the Wildcat and Mountain View deposits (the "Nevada North Project"), the Florida Mountain and DeLamar deposits (the "DeLamar Project") and the Florida Canyon mine (the "Florida Canyon Mine" and together with the Nevada North Project and the DeLamar Project, the "Projects"). Forward-looking statements are often identified by the use of words such as "may", "will", "could", "would", "anticipate", 'believe", "expect", "intend", "potential", "estimate", "budget", "scheduled", "plans", "planned", "forecasts", "goals" and similar expressions. Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such statement was made. Assumptions and factors include: expected synergies from acquisition of Florida Canyon; the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the Projects; satisfying ongoing covenants under the Company's loan facilities; no unforeseen operational delays; no material delays in obtaining necessary permits; results of independent engineer technical reviews; the possibility of cost overruns and unanticipated costs and expenses; the price of gold remaining at levels that continue to render the Projects economic, as applicable; the Company's ability to continue raising necessary capital to finance operations; and the ability to realize on the mineral resource and reserve estimates. Forward–looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward–looking statements. These risks and uncertainties include, but are not limited to: general business, economic and competitive uncertainties; the actual results of current and future exploration activities; conclusions of economic evaluations; meeting various expected cost estimates; benefits of certain technology usage; changes in project parameters and/or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks related to local communities; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); title to properties; and other factors beyond the Company's control and as well as those factors included herein and elsewhere in the Company's public disclosure. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers are advised to study and consider risk factors disclosed in Integra's Annual Information Form dated March 26, 2025 for the fiscal year ended December 31, 2024, which is available on the SEDAR+ issuer profile for the Company at and available as Exhibit 99.1 to Integra's Form 40-F, which is available on the EDGAR profile for the Company at Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws. Investors are urged to read the Company's filings with Canadian securities regulatory agencies, which can be viewed online under the Company's profile on SEDAR+ at Cautionary Note for U.S. Investors Concerning Mineral Resources and Reserves NI 43-101 is a rule of the Canadian Securities Administrators which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Technical disclosure contained in this news release has been prepared in accordance with NI 43-101 and the Canadian Institute of Mining, Metallurgy and Petroleum Classification System. These standards differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") and resource information contained in this news release may not be comparable to similar information disclosed by domestic United States companies subject to the SEC's reporting and disclosure requirements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. SOURCE Integra Resources Corp.
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These statements do not guarantee future performance and speak only as of the date they are made, and we do not undertake to update our forward-looking statements. Cat Financial's actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (ii) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (iii) changes in interest rates, currency fluctuations or market liquidity conditions; (iv) an increase in delinquencies, repossessions or net losses of our customers; (v) residual values of leased equipment; (vi) our compliance with financial and other restrictive covenants in debt agreements; (vii) government monetary or fiscal policies; (viii) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (ix) demand for Caterpillar products; (x) marketing, operational or administrative support received from Caterpillar; (xi) our ability to develop, produce and market quality products that meet our customers' needs; (xii) information technology security threats and computer crime; (xiii) alleged or actual violations of trade or anti-corruption laws and regulations; (xiv) new regulations or changes in financial services regulations; (xv) additional tax expense or exposure; (xvi) changes in accounting guidance; (xvii) catastrophic events, including global pandemics such as the COVID-19 pandemic; and (xviii) other factors described in more detail in Cat Financial's Forms 10-Q, 10-K and other filings with the Securities and Exchange Commission.
