Integra sells 1.5% royalty interest in DeLamar to Wheaton Precious Metals

Integra Resources (ITRG) announced that through its wholly-owned subsidiary, DeLamar Mining, it has entered into a binding agreement with Wheaton Precious Metals Co., a wholly-owned subsidiary of Wheaton Precious Metals (WPM), pursuant to which Wheaton will acquire a 1.5% net smelter returns royalty, or NSR, on metal production from all claims of the DeLamar and Florida Mountain Deposit for an aggregate cash purchase price of $9.75M, to be paid in two installments. The first installment of $4.88M is expected to be received by Integra upon closing of the transaction. The second installment of $4.88M is expected to be received by Integra four months from the date of the first installment. Each installment is subject to certain closing conditions.