Integrated Rail and Resources Acquisition Corp. Announces Contributions to Trust Account in Connection With Proposed Extension

Integrated Rail and Resources Acquisition Corp. (NYSE: IRRX) (the “Company”) today announced several actions being undertaken in anticipation of the previously announced annual meeting of stockholders of the Company to be held at 10:00 a.m. Eastern Time on August 8, 2023 (the “Annual Meeting”) for the purpose of considering and voting on, among other proposals, a proposal to extend the date by which the Company must consummate an initial business combination (the “Extension”) from August 15, 2023 to September 15, 2023, and to allow the Company, without another stockholder vote, to further extend such date to consummate a business combination on a monthly basis up to five (5) times by an additional one (1) month each time after September 15, 2023 or later extended deadline date, by resolution of the Company’s board of directors, if requested by DHIP Natural Resources Investments, LLC, a Delaware limited liability company (the “Sponsor”), upon five days’ advance notice prior to the applicable deadline date, until February 15, 2024, or a total of up to six (6) months after August 15, 2023 (such date as extended, the “Deadline Date”), unless the closing of an initial business combination shall have occurred prior thereto.

Contributions to Trust Account

If the Extension is approved at the Annual Meeting and implemented by the Company, the Sponsor or its designee(s) will deposit into the trust account the lesser of $140,000 and $0.035 per public share for the period from August 15, 2023 to September 15, 2023 and each applicable month thereafter in which the Deadline Date is extended (the amount of $140,000 currently representing $0.035 per public share if 4,000,000 public shares remain outstanding following redemptions in connection with the Extension), as a loan (a “Contribution”, and the Sponsor or its designee(s) making such Contribution, each a “Contributor”), on each of August 15, 2023 and the 15th day of each subsequent calendar month (if extended) until (but excluding) February 15, 2024 (each such date, a “Contribution Date”). The Company has not asked the Sponsor to reserve for, nor has the Company independently verified whether the Sponsor will have sufficient funds to satisfy, any such Contributions.