false
0001853962
A1
00-0000000
0001853962
2025-01-13
2025-01-13
iso4217:USD
xbrli:shares
iso4217:USD
xbrli:shares
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: January 13, 2025
(Date of earliest event reported)
i-80
GOLD CORP.
(Exact Name of Registrant as Specified in Its Charter)
British Columbia |
001-41382 |
N/A |
(State of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification) |
5190 Neil Road, Suite 460,
Reno, Nevada United States 89502
(Address of principal executive offices) (Zip Code)
(775) 525-6450
(Registrant’s Telephone Number, Including Area Code)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instruction A.2. below):
☐ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
☐ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
☐ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Common Shares
|
IAUX
IAU |
NYSE American LLC
Toronto Stock Exchange
|
Indicate by check mark whether
the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).
Emerging growth company
☒
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act.
Item 1.01 Entry into a Material Definitive Agreement
Settlement Agreement:
On January 13, 2025, the Company
entered into a Settlement Agreement with The K2 Principal Fund L.P. and Condire Resources Master Partnership, LP (the “Settlement
Agreement”).
Pursuant to the Settlement Agreement,
the Company is required to propose three separate amendments to the terms of its convertible debentures issued in the principal amount
of $65 million on February 22, 2023 (the “Convertible Debentures”) pursuant to an indenture agreement (the “Indenture”).
The first amendment involves
changing the conversion price applicable to the noteholders’ conversion of outstanding and accrued interest on the Convertible Debentures
to equal the volume weighted average price of the Company’s common shares on the Toronto Stock Exchange (“TSX”) during
the five trading days immediately preceding the date the Convertible Debenture holders make such election, less a discount of 15%, converted
into US dollars. Additionally, corresponding changes will be made to the provisions relating to the right of the Company to elect to convert
the interest payable under the Convertible Debentures into common shares, including updating the conversion price to reflect a 15% discount
to market price.
The Convertible Debentures are
currently secured by the Company’s McCoy-Cove project. The second amendment removes the Company’s right to grant security
on a pari-passu basis against the Company’s McCoy-Cove project, leaving Convertible Debenture holders as senior secured on
the McCoy-Cove project with any additional debt subordinated.
The third amendment provides
for a new redemption right of the Convertible Debentures, allowing the Company to redeem the Convertible Debentures for cash at its election
at a 104% premium of the outstanding principal, along with accrued interest up to the redemption date. This amendment provides the Company
with greater flexibility as it works towards the execution of its previously announced recapitalization plan.
The Settlement Agreement also
included a waiver of an event of default under the Indenture relating to a forward-looking minimum cash requirement included in the Orion
Gold Prepay Agreement and Silver Purchase and Sale Agreement (as defined below). The waiver is conditioned upon the proposed amendments
to the Indenture described above being implemented by February 28, 2025.
The amendments to the Indenture
to remain subject to receipt of the approval of a committee of the Convertible Debenture holders, the TSX and the NYSE American, as applicable.
“Silver Purchase and Sale
Agreement” means purchase and sale agreement (silver) dated as of December 13, 2021, as extended by an extension acknowledgment
letter dated as of January 12, 2024 and an amending agreement dated as of April 25, 2024. “Orion Gold Prepay Agreement” means
the amended and restated gold prepay purchase and sale agreement dated as of September 20, 2023, as amended by an amending agreement dated
as of April 25, 2024 and as supplemented by a side letter agreement dated as of June 28, 2024.
Amended & Restated Convertible Credit Agreement:
On January 15, 2025, i-80 Gold
Corp. (the “Company”), Premier Gold Mines USA, Inc., a wholly owned subsidiary of the Company (“Premier”), Osgood
Mining Company, LLC, a wholly owned indirect subsidiary of the Company (“Osgood”), Ruby Hill Mining Company, LLC, a wholly
owned indirect subsidiary of the Company (“Ruby Hill”), and OMF Fund III (F) Ltd. (“Orion”) entered into an Amended
and Restated Convertible Credit Agreement (the “A&R Credit Agreement”). The A&R Credit Agreement amends that certain
Convertible Credit Agreement dated as of December 13, 2021 relating to a credit facility in the initial principal amount of $50 million
with an initial conversion price of C$3.275 per share, subject to adjustment (the “Original Credit Agreement”) to, among other
things, extend the expiry date by six months from December 31, 2025 to June 30, 2026 and put certain security in place to secure the Company’s
obligations under the A&R Credit Agreement on a subordinated basis with the Silver Purchase and Sale Agreement. Additional security
against the Company’s Ruby Hill and Granite Creek projects is required to be put in place by March 31, 2025.
Pursuant to the A&R Credit
Agreement, the Company issued Orion Mine Finance Fund III LP (“Orion Finance”), an affiliate of Orion, 5,000,000 common share
purchase warrants of the Company (the “Warrants”). The Warrants have an exercise price of C$1.01 and an expiry date of January
15, 2029. The Warrants will be subject to a hold period under applicable Canadian securities laws which will expire four months and one
day from the date of issuance. The Warrants are being issued in a privately negotiated transaction exempt from the registration requirements
of the Securities Act of 1933, as amended (the “Securities Act”) pursuant to Section 4(a)(2) and/or Rule 506(b) as Orion Finance
is an accredited investor. Neither the Warrants nor the shares issuable upon exercise of the Warrants have been registered under the U.S.
Securities Act of 1933 and are considered “restricted securities”. The Company has agreed to grant Orion Finance registration
rights with respect to its securities.
Item 3.02 Unregistered Sales of Equity Securities
The disclosures in Item 1.01
of this Form 8-K regarding the issuance of the Warrants are hereby incorporated by reference into this Item 3.02.
Item 8.01 Other Events
The following press releases
and the information contained therein filed as exhibits 99.1, 99.2, and 99.3, shall be deemed to be incorporated by reference into the
Company’s registration statement on Form F-10 (File Number 333-279567).
| • | A copy of the Company’s press release dated January 13, 2025 with respect to the entry into the
Settlement Agreement is furnished as Exhibit 99.1 to this Form 8-K. |
| • | A copy of the Company’s press release dated January 15, 2025 with respect to the entry into the
A&R Credit Agreement and a proposed equity raise is furnished as Exhibit 99.2 to this Form 8-K. |
| • | A copy of the Company’s press release dated January 16, 2025 with respect to the proposed equity
offering is furnished as Exhibit 99.3 to this Form 8-K. |
Item 9.01 Financial Statements and Exhibits
Exhibits 99.1, 99.2 and 99.3 shall be deemed to
be incorporated by reference into the Company’s registration statement on Form F-10 (File Number 333-279567)
(d) Exhibits
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated: January 17, 2025 |
i-80 GOLD CORP. |
|
|
|
|
By: |
/s/ Ryan Snow |
|
|
Ryan Snow |
|
|
Chief Financial Officer |
Exhibit 99.1
i-80 Announces Proposed Amendments
to its Convertible Debentures
First Step in the Second Phase
of Recapitalization Plan
Reno,
Nevada, January 13, 2025 - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) (“i-80
Gold”, or the “Company”) announces that it has reached an agreement (the “Agreement”)
with certain convertible debenture holders (the “Investors”) to implement proposed amendments to the terms of its convertible
debentures, which are expected to assist in the second phase of the Company’s recapitalization plan.
On
February 22, 2023, the Company closed a private placement offering of $65 million principal amount of secured convertible debentures (the
"Convertible Debentures") pursuant to an indenture agreement (the “Indenture”) among the Company and
the Trustee, the TSX Trust Company (see press release dated February 22, 2023).
On
October 15, 2024, debenture holders representing approximately 66 2/3% of the principal amount of the Convertible Debentures appointed,
by written resolution, a committee of the debenture holders (the “Committee”), to exercise, and to direct the Trustee
to exercise, on behalf of the debenture holders, the powers of the debenture holders set out in the Indenture.
Pursuant
to the Agreement, the Company and the Investors have agreed on a series of amendments to address certain requests of debenture holders,
as well as to address a Company request to facilitate its previously disclosed recapitalization plan which it anticipates completing by
the end of the first quarter of 2025. The Company and the Investors have agreed to submit to the Committee, for approval, three separate
amendments to the Indenture.
The
first amendment involves changing the conversion price applicable to the noteholders’ conversion of outstanding and accrued interest
on the Convertible Debentures to equal the volume weighted average price of i-80 Gold common shares on the Toronto Stock Exchange (“TSX”)
during the five trading days immediately preceding the date the Convertible Debenture holders make such election, less a discount of 15%,
converted into US dollars. Additionally, corresponding changes will be made to the provisions relating to the right of the Company to
elect to convert the interest payable under the Convertible Debentures into common shares, including updating the conversion price to
reflect a 15% discount to market price.
The
second amendment removes the Company’s right to grant security on a pari-passu basis against McCoy-Cove, leaving Convertible Debenture
holders as senior secured on McCoy-Cove with any additional debt subordinated.
The
third amendment provides for a new redemption right of the Convertible Debentures, allowing the Company to redeem them for cash at its
election at a 104% premium of the outstanding principal, along with accrued interest up to the redemption date. This amendment provides
the Company with greater flexibility as it works towards the execution of its recapitalization plan. The Agreement also included
a waiver of an event of default under the Indenture relating to a forward-looking minimum cash requirement included in the Orion Gold
Prepay and Silver Stream agreements, which was waived and amended by Orion on December 31st, 2024, in accordance with the terms
described in the Company press release of that day. The Committee’s waiver is conditioned upon the amendments described herein being
implemented by February 28, 2025.
The
amendments to the Indenture remain subject to receipt of the approval of the Committee, the TSX and the NYSE American, as applicable.
Additionally, pursuant to the terms of the Indenture, a supplemental indenture to the Indenture will be entered into by the Company and
the Trustee to reflect the proposed amendments.
“We
are pleased to announce these amendments with debenture holders’ representatives. This agreement is a win-win for both parties,
as debenture holders were seeking adjustments to the existing conversion option and security position and i-80 Gold was pursuing greater
flexibility in executing on its recapitalization plan. On December 31, 2024, i-80 Gold announced the completion of the first phase of
its recapitalization plan with the deferral of its gold and silver deliveries. Today’s announcement marks the first step in the
second phase of our plan to recapitalize the Company and unlock the value of our high-grade gold projects in Nevada”, said Ryan
Snow, CFO of i-80 Gold.
ABOUT
i-80 GOLD CORP.
i-80
Gold Corp. is a Nevada-focused mining company with the third largest gold mineral resources in the state of Nevada. The recapitalization
plan underway is designed to unlock the value of the Company’s high-grade gold deposits to create a Nevada mid-tier gold producer.
i-80 Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol IAU:TSX and IAUX:NYSE. Further information
about i-80 Gold’s portfolio of assets and long-term growth strategy is available at www.i80gold.com or by email at info@i80gold.com.
For further information, please
contact:
Richard Young - CEO
Matt Gili - President & COO
Ryan Snow - CFO
Leily Omoumi - VP Corporate Development
& Strategy
1.866.525.6450
Info@i80gold.com
www.i80gold.com
FORWARD
LOOKING INFORMATION
Certain
statements in this release constitute “forward-looking statements” or “forward-looking information” within the
meaning of applicable securities laws, including but not limited to, timing and ability to obtain required approval of the Committee,
TSX and NYSE American, as well as the expected timing, completion and success of the Company’s recapitalization plan including its
ability to complete the restructuring of the existing debt and provide sufficient capital to develop the Company’s assets, as well
as the Company’s ability to develop, operate and produce high grade gold from its current projects in the future. . Such statements
can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”,
“expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”,
“forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect
the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking
statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results
and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual
results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to:
material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure
of parties to contracts with the company to perform as agreed; social or labor unrest; changes in commodity prices; and the failure of
exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies,
development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially
from those expressed or implied by such forward-looking statements, refer to i-80's filings with Canadian securities regulators, including
the most recent Annual Information Form, available on SEDAR+ at www.sedarplus.ca.
Exhibit 99.2
![](https://www.sec.gov/Archives/edgar/data/1853962/000127956925000056/i80_header.jpg)
i-80 Gold Completes Conditions
to Amend and Restate Convertible Credit Agreement with Orion
This news release constitutes
a "designated news release" for the purposes of the Company's prospectus supplement dated August 12, 2024, to its short form
base shelf prospectus dated June 21, 2024
Reno, Nevada,
January 15, 2025 - i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) ("i-80 Gold", or the "Company") is pleased
to announce that pursuant to its press release on December 31, 2024 it has completed the amendment and restatement of its convertible
credit agreement (the “A&R Convertible Credit Agreement”) with an affiliate of Orion Mine Finance (“Orion”).
As a result, the conditions relating to the previously announced deferral of gold and silver deliveries, and the extension of the Orion
Convertible Loan (collectively, the “Waiver Agreements”) required to be completed to-date have been satisfied.
Further to
the A&R Convertible Credit Agreement, Orion and i-80 Gold have extended the maturity date of the A&R Convertible Credit Agreement
by six months from December 13, 2025, to June 30, 2026, and have put certain security in place to secure the Company’s obligations
under the A&R Convertible Credit Agreement. Additional security against the Company’s Ruby Hill and
Granite Creek projects is required to be put in place by March 31, 2025. In connection with the extension of the A&R Convertible
Credit Agreement, the Company has issued to Orion five million common share purchase warrants (the “2025 Orion Warrants”)
with an exercise price of C$1.01 and an expiry date of January 15, 2029.
The 2025 Orion Warrants will be subject to a hold period under applicable Canadian securities laws which will expire four months and one
day from the date of issuance. Neither the 2025 Orion Warrants nor the shares issuable upon exercise of the
2025 Orion Warrants have been registered under the U.S. Securities Act of 1933 and are considered “restricted securities”.
The Company has agreed to grant Orion registration rights with respect to its securities.
Additionally,
the Company announces its intention to complete a prospectus financing of common shares (the "Common Shares") for aggregate
gross proceeds to the Company of US$10,000,000 (the "Offering"). The Company has been advised by certain of its largest
shareholders as well as its board of directors and management team that they anticipate participating in the Offering. The Common Shares
will be priced in the context of the market. It is expected that the Offering will close on or about January 31, 2025.
The Company
anticipates using the net proceeds of the Offering for the development of the Company’s projects
in Nevada, and for working capital and general corporate purposes, as i-80 Gold works towards completion of the second phase of
its recapitalization plan targeted for on or about March 31, 2025.
The Offering
will be made pursuant to a prospectus supplement to the Company's short form base shelf prospectus filed on June 21, 2024 (the "Shelf
Prospectus"), which prospectus supplement will be prepared and filed by the Company with the securities regulatory authorities
in each of the provinces and territories of Canada other than Québec prior to the closing of the Offering, and will be filed with
the U.S. Securities and Exchange Commission pursuant to the Company's U.S. registration statement on Form F-10 (Registration No. 333-279567),
which includes the Shelf Prospectus and was declared effective by the United States Securities and Exchange Commission on June 25, 2024.
The consummation
of the Offering remains subject to the receipt of regulatory approvals, including the approval of the Toronto Stock Exchange (the "TSX")
and the NYSE American, and other customary closing conditions. No commission or finder's fee will be paid in connection with the Offering.
Each of the
A&R Convertible Credit Agreement and the related issuance of the 2025 Orion Warrants to Orion constitutes a "related party transaction"
as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI
61-101") as Orion is a "related party" of the Company given its greater than 10% beneficial shareholding of the Company
(within the meaning of MI 61-101, which includes Orion’s common shares, warrants and potential conversion rights in i-80 Gold securities
under the A&R Convertible Credit Agreement). The Company has relied on exemptions contained in sections 5.5(a) and 5.7(1)(a) of MI
61-101 from the formal valuation and minority shareholder approval requirements of MI 61-101 in respect of the issuance of the 2025 Orion
Warrants, and Section 5.7(1)(a) of MI 61-101 from the minority shareholder approval requirement in respect of the A&R Convertible
Credit Agreement since neither the fair market value of the 2025 Orion Warrants nor the fair market value of the facility under the A&R
Convertible Credit Agreement exceeds 25% of the Company's market capitalization. Furthermore, a formal valuation is not required under
MI 61-101 in respect of the A&R Convertible Credit Agreement as the entering into of the A&R Convertible Credit Agreement is not
the type of related party transaction that requires a formal valuation. The Company has not filed a material change report 21 days prior
to the closing of the A&R Convertible Credit Agreement, including the issuance of the 2025 Orion Warrants, since the terms and conditions
of the A&R Convertible Credit Agreement were not agreed upon until shortly prior to closing.
This news
release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in
any state or jurisdiction in which such an offer, solicitation or sale would be unlawful before registration or qualification under the
securities laws of any such jurisdiction.
About i-80
Gold Corp.
i-80 Gold
Corp. is a Nevada-focused mining company with the third largest gold mineral resources in the state of Nevada. The recapitalization
plan underway is designed to unlock the value of the Company’s high-grade gold deposits to create a Nevada mid-tier gold producer.
i-80 Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol IAU:TSX and IAUX:NYSE. Further information
about i-80 Gold’s portfolio of assets and long-term growth strategy is available at www.i80gold.com or by email at info@i80gold.com.
For further
information, please contact:
Richard Young
- CEO
Matt Gili
- President & COO
Ryan Snow
- CFO
Leily Omoumi
- VP Corporate Development & Strategy
1.866.525.6450
Info@i80gold.com
www.i80gold.com
FORWARD LOOKING INFORMATION
Certain statements in this
release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable
securities laws, including but not limited to, statements regarding: the Company’s and Orion’s agreement to place certain
personal property and real property security in place to secure the Company’s obligations under the A&R Convertible Credit Agreement;
the Company's ability to satisfy all closing conditions and close the Offering within the announced timeline and announced gross proceeds;
the Company's use of proceeds for the Offering; the Company’s preparation and filing of the prospectus supplement in the announced
provinces and territories, and with the U.S. Securities and Exchange Commission by the closing; consummation of the Offering; the Company's
ability to obtain the approval of the TSX and the NYSE American; and the Company's other future plans and expectations. Such statements
and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements
of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed
or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may",
"would", "could", "will", "intend", "expect", "believe", "plan",
"anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology,
or state that certain actions, events or results "may", "could", "would", "might" or "will"
be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results
and speak only as of the date of this release.
Forward-looking statements
and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will
not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results
to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material
adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties
to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration
programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development
or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from
those expressed or implied by such forward-looking statements, refer to i-80's filings with Canadian securities regulators, including
the most recent Annual Information Form, available on SEDAR+ at www.sedarplus.ca.
Exhibit 99.3
i-80 Gold Announces Pricing
of Prospectus Offering
This news release constitutes
a "designated news release" for the purposes of the Company's prospectus supplement dated August 12, 2024, to its short form
base shelf prospectus dated June 21, 2024.
Reno, Nevada,
January 16, 2025 - i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) ("i-80 Gold", or the "Company") is pleased
to announce that, in connection with its previously announced prospectus offering of common shares of the Company (the “Shares”)
for aggregate gross proceeds of US$10,000,000 (the “Offering”), it has set the pricing of the Shares to be offered
at C$0.80 (the “Offering Price”).
The Company
anticipates using the net proceeds of the Offering for the development of the Company’s projects
in Nevada, and for working capital and general corporate purposes, as i-80 Gold works towards completion of the second phase of
its recapitalization plan targeted for on or about March 31, 2025.
The Offering
will be made pursuant to a prospectus supplement to the Company's short form base shelf prospectus filed on June 21, 2024 (the "Shelf
Prospectus"), which prospectus supplement will be prepared and filed by the Company with the securities regulatory authorities
in each of the provinces and territories of Canada other than Québec prior to the closing of the Offering, and will be filed with
the U.S. Securities and Exchange Commission pursuant to the Company's U.S. registration statement on Form F-10 (Registration No. 333-279567),
which includes the Shelf Prospectus and was declared effective by the United States Securities and Exchange Commission on June 25, 2024.
The consummation
of the Offering remains subject to the receipt of regulatory approvals, including the approval of the Toronto Stock Exchange (the "TSX")
and the NYSE American, and other customary closing conditions. No commission or finder's fee will be paid in connection with the Offering.
Potential
investors should read the Canadian Shelf Prospectus Supplement, the U.S. Shelf Prospectus, and the prospectus supplements that will be
filed with the securities commissions of the provinces and territories of Canada and the SEC for more complete information about i-80
and the offering. Canadian Shelf Prospectus Supplement and the prospectus supplement (when filed) can be found on i-80’s profile
on SEDAR+ at www.sedarplus.ca and copies of the U.S. Shelf Prospectus and prospectus supplement (when filed) can be found on i-80’s
profile on EDGAR at www.sec.gov. Printed or electronic copies of these documents may be requested by contacting i-80 Gold’s Corporate
Secretary, Jacklynn Hunt via email at jhunt@i80gold.com or by phone at 1-866-525-6450.
This news
release shall not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in
any state or jurisdiction in which such an offer, solicitation or sale would be unlawful before registration or qualification under the
securities laws of any such jurisdiction.
About i-80
Gold Corp.
i-80 Gold
Corp. is a Nevada-focused mining company with the third largest gold mineral resources in the state of Nevada. The recapitalization
plan underway is designed to unlock the value of the Company’s high-grade gold deposits to create a Nevada mid-tier gold producer.
i-80 Gold’s common shares are listed on the TSX and the NYSE American under the trading symbol IAU:TSX and IAUX:NYSE. Further information
about i-80 Gold’s portfolio of assets and long-term growth strategy is available at www.i80gold.com or by email at info@i80gold.com.
For further
information, please contact:
Richard Young
- CEO
Matt Gili
- President & COO
Ryan Snow
- CFO
Leily Omoumi
- VP Corporate Development & Strategy
1.866.525.6450
Info@i80gold.com
www.i80gold.com
FORWARD LOOKING INFORMATION
Certain statements in this
release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable
securities laws, including but not limited to, statements regarding: the Company's ability to satisfy all closing conditions and close
the Offering within the announced timeline and announced gross proceeds; the Company's use of proceeds for the Offering; the Company’s
preparation and filing of the prospectus supplement in the announced provinces and territories, and with the U.S. Securities and Exchange
Commission by the closing; consummation of the Offering; the Company's ability to obtain the approval of the TSX and the NYSE American;
and the Company's other future plans and expectations. Such statements and information involve known and unknown risks, uncertainties
and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to
be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or
information. Such statements can be identified by the use of words such as "may", "would", "could", "will",
"intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled",
"forecast", "predict" and other similar terminology, or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the
Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements
and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will
not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results
to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material
adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties
to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration
programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development
or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from
those expressed or implied by such forward-looking statements, refer to i-80's filings with Canadian securities regulators, including
the most recent Annual Information Form, available on SEDAR+ at www.sedarplus.ca.
v3.24.4
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionISO 3166-1 alpha-2 country code.
+ References
+ Details
Name: |
dei_EntityAddressCountry |
Namespace Prefix: |
dei_ |
Data Type: |
dei:countryCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14a -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
i 80 Gold (AMEX:IAUX)
過去 株価チャート
から 1 2025 まで 2 2025
i 80 Gold (AMEX:IAUX)
過去 株価チャート
から 2 2024 まで 2 2025