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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

Exhibit Number Description
   

99.1

Press Release dated January 13, 2025 with respect to the entry into the Settlement Agreement

   

99.2

Press Release dated January 15, 2025 with respect to the entry into the Amended and Restated Credit Agreement

   

99.3

Press Release dated January 16, 2025 with respect to the proposed equity financing

   
104 Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

 

 

 

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

  

 

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.

 

 

 

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