SCHEDULE: Equinox Partners Amends Integra Resources Stake

Equinox Partners Investment Management LLC and affiliated entities have filed an Amendment No. 3 to their Schedule 13G, reporting a collective beneficial ownership of 3.7% in Integra Resources Corp.

Summary

• Equinox Partners Investment Management LLC and its affiliates, including Equinox Partners, L.P., Mason Hill Partners, LP, Equinox Partners Precious Metals Fund, L.P., and Sean M. Fieler, collectively reported beneficial ownership of 6,274,647 common shares of Integra Resources Corp.
• This represents approximately 3.7% of Integra Resources Corp.'s outstanding common shares, based on 169,001,790 shares outstanding as of August 13, 2025.
• The filing is an Amendment No. 3 to a Schedule 13G, indicating a previous reporting of ownership.
• The reporting persons state that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, other than activities solely in connection with a nomination under Rule 240.14a-11.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of beneficial ownership by an investment firm and its affiliates. It indicates a continued, passive investment in Integra Resources Corp. without any stated intent to influence control. The percentage of ownership is significant but not controlling, suggesting a neutral to slightly positive sentiment due to ongoing institutional interest.

Positives

• The continued investment by Equinox Partners, a professional investment management firm, may signal confidence in Integra Resources Corp.

Negatives

• The filing itself does not present any explicit negative information regarding Integra Resources Corp.

Risks

• The filing does not detail specific risks related to Integra Resources Corp.'s operations or financial health; it is a disclosure of beneficial ownership.

Future Outlook

NA

Management Comments

• The filing of this statement should not be deemed as admission that Equinox Partners Investment Management LLC is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Shares held in such client account(s).
• The filing of this statement should not be deemed an admission that Mr. Fieler is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Shares held in such client account(s).
• The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of an institutional investor's stake provides transparency regarding the ownership structure. The passive nature of the investment suggests no immediate intent for activist engagement.

Next Steps

• Integra Resources Corp. will continue its operations.
• Equinox Partners Investment Management LLC and its affiliates will continue to hold their investment in Integra Resources Corp. as a passive stake.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of a passive investment by Equinox Partners Investment Management LLC and its affiliates in Integra Resources Corp. The reported beneficial ownership of 3.7% is not a controlling stake, and the reporting persons explicitly state no intent to influence control. As such, the filing provides transparency on ownership but does not offer new information that would fundamentally alter the investment thesis for Integra Resources Corp. A 'hold' recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell the stock, but rather confirms an existing, passive institutional position.

Keywords

Integra Resources Corp., Equinox Partners Investment Management LLC, Schedule 13G, Beneficial Ownership, Common Shares, Investment Advisor, Sean M. Fieler, Institutional Ownership