Date Closed

March 16, 2023

Lead Office

Vancouver

Value

10.50 Million CAD

On March 16, 2023, Wheaton Precious Metals Corp. (“Wheaton”) subscribed for C$15 million subscription receipts of Integra Resources Corp. (“Integra”) in a private placement, concurrently with a brokered private placement by Integra of C$35 million subscription receipts. Each subscription receipt represents a right to one common share of Integra, upon satisfaction of certain release conditions (the “Escrow Release Conditions”) (including the satisfaction of all condition precedents to the completion of Intregra’s combination with Millennial Precious Metals Corp. (“Millennial”)). Wheaton and Integra entered into an investor rights agreement concurrently with the private placement and will enter into a right of first refusal agreement, in respect of future royalty, streaming and prepay transactions on the assets of the combined Integra/Millennial company, on the date of the Escrow Release Conditions. 

Following completion of the Transaction, the net proceeds from the private placements are expected to be used to fund an updated resource estimate and Mine Plan of Operations at the DeLamar Project, an updated resource estimate and a Preliminary Economic Assessment for the Wildcat and Mountain View Projects, permit advancement, and for working capital and general corporate purposes. 

Wheaton is one of the world's largest precious metals streaming companies based out of Vancouver, British Columbia.

McCarthy Tétrault assisted Wheaton with a team led by Roger Taplin that included Patrick Deutscher, Pavan Jawanda and Curtis Chance (Business).