Integra Appoints Clifford Lafleur as Chief Operating Officer, Adding Significant MINE Operational Expertise and Technical Capabilities to Executive Leadership Team
INTEGRA APPOINTS CLIFFORD LAFLEUR AS CHIEF OPERATING
OFFICER, ADDING SIGNIFICANT MINE OPERATIONAL EXPERTISE AND
TECHNICAL CAPABILITIES TO EXECUTIVE LEADERSHIP TEAM
TSXV: ITR; NYSE American: ITRG
www.integraresources.com
VANCOUVER, BC
,
March 25, 2025
/CNW/ - I
ntegra Resources Corp. ("Integra" or the "Company")
(TSXV: ITR) (NYSE American: ITRG) is pleased to
announce that
Clifford Lafleur
has been appointed to the position of Chief Operating Officer ("COO") and will join the Company in
April 2025
. The addition of Mr.
Lafleur marks a significant milestone for Integra as the Company accelerates its transformation into a growth-focused precious metals producer in the Great
Basin of
the United States
("U.S.").
Mr. Lafleur is a seasoned mining engineer with more than 25 years of operational and executive experience and a successful track record of mine development,
operations, and optimization. Most recently, Mr. Lafleur played a key role in the growth and success at SilverCrest Metals Inc. ("SilverCrest"), ultimately leading to
the company's
$1.7 billion
sale to Coeur Mining, Inc. Mr. Lafleur joined SilverCrest in 2021 and served as Senior Vice President of Operations, overseeing the
development, ramp-up, and operational success of the Las Chispas Mine in
Mexico
. Prior to joining SilverCrest, Mr. Lafleur served as Director of Mineral
Resource Management and Mine Engineering at Torex Gold Resources ("Torex") for four years. Mr. Lafleur led technical teams in the generation of technical
studies, including resources and reserves, life of mine planning, reconciliation, and strategic planning, while also setting professional standards for mine
engineering and mine geology departments. In addition, Mr. Lafleur led the design and supported operations in the build of Torex's El Limó n Guajes underground
mine. Mr. Lafleur is a member of the Professional Engineers of
Ontario
and holds a Bachelor's degree in Mining Engineering from
Laurentian University
.
Mr. Lafleur, incoming COO of Integra commented
: "I am excited to be joining the talented Integra team at a unique inflection point for the Company. There are
several catalysts on the horizon to add value and significant growth including optimization of the cash-flowing Florida Canyon Mine as well as technical studies,
development and permitting milestones for DeLamar and Nevada North. It is an excellent time to be active in the prolific Great Basin area of the U.S. and I look
forward to executing on the Company's strategy of optimization and project advancement to help grow Integra into a premier U.S. focused precious metals
producer."
George Salamis, President, CEO and Director of Integra commented
: "Integra's rapid growth, fueled by the recent acquisition of the Florida Canyon Mine,
requires strong leadership and operational expertise. Cliff's hands-on mining experience and deep understanding of mine optimization will be critical in unlocking
value at Florida Canyon while also driving disciplined development at DeLamar and Nevada North. Cliff's addition strengthens our ability to deliver sustained
production, maximize efficiency, and ultimately generate shareholder returns. We are thrilled to welcome Cliff to the Integra team at this pivotal time for the
Company."
As COO, Mr. Lafleur will play a vital role in shaping the next phase of growth for Integra, focusing on several key areas:
Technical Leadership:
Together with the senior executive team and Integra board, lead all operational and technical decision making across Integra's
portfolio spanning production, development, and exploration. Build a strong operational team and implement best practices to support the Company's strategy
of becoming a leading U.S. focused precious metals producer.
Operational Execution at Florida Canyon
: Working with the mine management team, drive performance at Florida Canyon through strategic mine
optimization, cost discipline, operational efficiency, and production enhancements to ensure long-term sustainable cash flow generation.
Maximize Value of Development Portfolio:
Leveraging deep expertise in mine building and commissioning, spearhead technical efforts at DeLamar and
Nevada North, leading the two development stage projects through advanced technical studies, development and construction. Immediately provide executive
level oversight of the ongoing Feasibility Study for DeLamar, which is expected to be completed mid-2025.
Strategic Capital Allocation:
Ensure that cash flow generated from Florida Canyon is strategically deployed to maximize shareholder value across Integra's
portfolio, back into the mining operation itself as well as development activities, and ongoing growth initiatives.
The Company plans to release its formal 2025 operating and cost guidance mid-2025, allowing Mr. Lafleur time to onboard and familiarize himself with the Florida
Canyon site and operations team, and properly assess the ongoing mine optimization studies.
About Integra Resources
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
Forward Looking and Other Cautionary 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 applicable
United States
securities laws (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 anticipated
benefits of the appointment of the COO; the timing of 2025 operating and cost guidance; the timing of the feasibility study for the DeLamar Project; the future
financial or operating performance of the Company and the Company's mineral properties and project portfolio; the results from work performed to date; the
estimation of mineral resources and reserves; the realization of mineral resource and reserve estimates; the development, operational and economic results of
technical reports on mineral properties referenced herein; magnitude or quality of mineral deposits; the anticipated advancement of the Company' mineral
properties and project portfolios; exploration expenditures, costs and timing of the development of new deposits; underground exploration potential; costs and
timing of future exploration; the completion and timing of future development studies; estimates of metallurgical recovery rates; exploration prospects of mineral
properties; requirements for additional capital; the future price of metals; government regulation of mining operations; environmental risks; the timing and possible
outcome of pending regulatory matters; the realization of the expected economics of mineral properties; future growth potential of mineral properties; and future
development plans.
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 and 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. Readers are advised to study
and consider risk factors disclosed in Integra's annual report on Form 20-F dated
March 28, 2024
for the fiscal year ended
December 31, 2023
and Florida
Canyon Gold Inc.'s listing application on TSX Venture Exchange Form 2B, each of which are available on the respective SEDAR+ issuer profiles for the Company
and Florida Canyon Gold Inc. available at
www.sedarplus.ca
.
There can be no assurance that forward
looking statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. The Company undertakes no obligation to update forward
looking statements if circumstances or management's estimates or
opinions should change except as required by applicable securities laws. The forward-looking statements contained herein are presented for the purposes of
assisting investors in understanding the Company's plans, objectives and goals, and may not be appropriate for other purposes. Forward-looking statements are
not guarantees of future performance and the reader is cautioned not to place undue reliance on forward
looking statements.
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
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SOURCE
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For further information:
CONTACT INFORMATION: Corporate Inquiries: [email protected], Company website: www.integraresources.com, Office
phone: 1 (604) 416-0576
CO: Integra Resources Corp.
CNW 16:05e 25-MAR-25