i-80 Gold Corp (IAUX)

A Fully Funded Junior in the Middle of a Q2 Catalyst Window: NevGold Heads Into Maiden Antimony-Gold MRE With C$42.2M in the TreasuryMay 6, 2026 9:15 AM
PR Newswire (US) Baystreet.ca News Commentary Issued on behalf of NevGold Corp.NevGold Corp. (TSX-V: NAU | OTCQX: NAUFF | FRA: 5E50) closes one of the most catalyst-dense six-week stretches in its corporate history — upsized brokered financing, 1.11% antimony drill hits, up to 99% gold recovery metallurgy, and a maiden antimony-gold Mineral Resource Estimate now targeted for Q2 2026NEW YORK, May 6, 2026 /PRNewswire/ -- North American gold producers are running into one of the most favourable commodity-and-policy overlays of the past two decades. Gold is trading at or near record highs. Antimony, a U.S.-designated Critical Mineral with 100% U.S. import reliance, is the subject of unprecedented federal procurement attention after China's December 2024 export restrictions on the United States — restrictions that were partially suspended in November 2025, but which left licensing controls and end-use scrutiny in place and continue to expose U.S. buyers to renewed disruption. And the short list of publicly traded juniors with advanced-stage, permitted, near-surface U.S. projects targeting either metal — let alone both — is, in practice, quite short.Against that backdrop, one TSX Venture-listed junior has stacked a dense sequence of operational and financing milestones over the last three weeks that deserve a closer look.  The NevGold Six-Week News StackNevGold Corp. (TSX-V: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) is a Vancouver-based exploration and development company with four 100%-owned projects across Nevada and Idaho. The two flagship programs are Limousine Butte (gold-antimony, Nevada) and Nutmeg Mountain (gold, Idaho). On April 20, 2026, NevGold announced that its previously announced C$25 million brokered private placement had been upsized to C$42,225,497 on strong institutional demand. [1] The upsized offering comprises 22,223,946 shares at C$1.90, led by Clarus Securities Inc. as sole agent and bookrunner, and is expected to close on or about May 12, 2026. Net proceeds will be used for advancing Limousine Butte, Nutmeg Mountain, working capital, and general corporate purposes. [1]The financing news caps a compressed run of operational disclosures. On April 9, 2026, NevGold reported oxide antimony-gold drill intercepts at Limousine Butte including 1.93 g/t gold equivalent over 100.6 meters from surface (1.07 g/t Au + 0.22% Sb) at Resurrection Ridge, with a 1.11% antimony intercept over 6.1 meters inside that broader interval. [2] All 30 holes from the 2025 drill program totaling approximately 5,000 meters have now been released, and an additional 20,000 meters is planned in 2026 focused on the Bullet Zone and the Armory Fault discovery. [2] CEO Brandon Bonifacio described Limo Butte as "one of the highest grade antimony projects in North America that is near-surface and oxide." [2]On April 2, 2026, NevGold disclosed phase II metallurgical testwork results on oxide antimony-gold material from the Limo Butte historical gold leach pads. Cyanide shake tests on the residual leach pad material after antimony extraction returned average gold recoveries above 93% and individual samples reaching 99%. [3] Acid leach antimony extraction ranged from 54% to 92% across the tested samples, and additional antimony mineralization was identified at surface in a historical pre-strip waste dump. [3] The testwork confirms a sequential process: antimony leach first, gold recovery second, both metals produced from the same feed.On April 14, 2026, the Company disclosed positive and consistent antimony-gold sonic drill results from the historic gold leach pads themselves: 0.34% antimony with 0.41 g/t gold over 12.5 meters, 0.33% Sb and 0.55 g/t Au over 11.0 meters, and 0.31% Sb and 0.50 g/t Au over 14.6 meters — all consistent with or higher than the Phase I test pit sampling averages of 0.27% Sb and 0.34 g/t Au. [4] The historical leach pads were constructed during mining operations in 1989 and 1990, when gold traded below US$400 per ounce and antimony was not a meaningful revenue stream. [5]The near-term catalyst is the maiden antimony-gold NI 43-101 Mineral Resource Estimate at Limousine Butte, targeted for Q2 2026. [2] [4] The Company's stated objective: near-term antimony production by 2027 from reprocessing the historical leach pads, with no new mining activity required for that initial production pathway. [4] In parallel, the Nutmeg Mountain Gold Project in Idaho carries a September 2025 NI 43-101 MRE of 1,186,000 oz Indicated at 0.50 g/t Au + 548,000 oz Inferred at 0.34 g/t Au at a 0.20 g/t cutoff, with mineralization starting at surface and a conceptual pit-shell strip ratio of less than 1:1. [6]The U.S. Bureau of Land Management approved a comprehensive Plan of Operations for the full Limousine Butte property in November 2024, covering 68 km² and up to 200 acres of permitted disturbance over a 10-year term. [2] NevGold was named to the 2026 TSX Venture 50 list, ranking #38 in the junior mining category, after the Company's shares gained approximately 330% in 2025. [7]Gold, Antimony, and the 2026 Policy OverlayGold's 2026 performance has been driven by the combination of persistent inflation concerns, ongoing geopolitical risk, and continued central bank buying across emerging markets. Antimony's 2026 performance has been driven by something different: a U.S. federal push to re-shore the critical minerals supply chain following China's December 2024 export restrictions targeting the United States. Although Beijing suspended the outright export ban in November 2025 — pausing it through November 27, 2026 — licensing controls remain in effect, end-use scrutiny on dual-use shipments has not been lifted, and U.S. buyers continue to be exposed to renewed disruption at Beijing's discretion. The U.S. Geological Survey designates antimony as a Critical Mineral, the U.S. Department of War (formerly the Department of Defense) has committed well over US$100 million in Defense Production Act Title III awards to domestic antimony projects across multiple recipients, and the U.S. Export-Import Bank has advanced a USD 2.7 billion proposed loan to a single antimony-focused issuer. [8]For publicly traded producers and near-producers, the result is a two-metal tailwind operating on different underlying drivers. For juniors positioned across both metals — as NevGold is at Limo Butte — the overlap of those tailwinds is structurally distinctive.Four U.S.-Listed Peers Operating in Adjacent Corners of the Same StoryMcEwen Inc. (NYSE: MUX)McEwen operates the Gold Bar Mine Complex in the Eureka Mining District of Nevada, one of the most productive gold regions in North America. On April 15, 2026, McEwen's wholly-owned subsidiary entered into a 50/50 joint venture agreement with Iconic Minerals Ltd. to advance the 2,140-hectare New Pass gold property in Churchill County, Nevada — another Carlin-type gold trend asset. [9] On January 27, 2026, McEwen disclosed its best drill hole at Gold Bar to date, intersecting 5.55 g/t gold over 44.2 meters at the Windfall deposit, including 48.38 g/t gold over 4.6 meters of oxide mineralization. [10] McEwen has budgeted approximately USD 10 million for Gold Bar exploration in 2026, with the objective of advancing Windfall, Lookout Mountain, and Unity Ridge toward production decisions and supporting the Company's stated goal of doubling production by 2030. [10]Integra Resources Corp. (NYSE American: ITRG)Integra is a particularly close geographic peer to NevGold: the Company operates the Florida Canyon Mine in Nevada and is advancing two flagship development-stage heap leach projects — the DeLamar Gold-Silver Project in southwestern Idaho and the Nevada North Project (Wildcat Deposit) in western Nevada. On April 9, 2026, Integra announced the launch of the largest drill program in the Company's history: a 50,000-meter program spanning all three assets, with 42,500 meters at Florida Canyon focused on near-mine oxide gold targets and the past-producing Standard Mine area, 5,500 meters at the Nevada North Project supporting a future pre-feasibility study, and 2,500 meters of advanced engineering drilling at DeLamar to support future mine development. [11] The Company describes DeLamar as "one of the largest and most advanced undeveloped heap leach gold-silver projects in the Great Basin." [11] Integra is a useful reference point for NevGold's own Nevada-Idaho footprint: a U.S.-listed peer in the same two states, executing a multi-asset development pathway funded by an operating mine.GoldMining Inc. (NYSE American: GLDG)GoldMining is a resource-stage gold and critical-minerals company with a portfolio of projects across the Americas. On February 17, 2026, the Company reported an updated Mineral Resource Estimate at its Crucero Gold Project in Peru that now includes antimony alongside gold, making GLDG one of a growing number of resource-stage companies formally incorporating antimony into their NI 43-101 disclosure as the U.S. critical minerals file moves from headline to MRE line item. [12] GLDG's strategy of expanding historical gold-focused resources to include co-produced critical minerals is directly parallel to what NevGold is doing at Limo Butte, where the historical 2009 gold resource is being advanced into a formal antimony-gold MRE for the first time. (Disclosure: GoldMining Inc. is the largest shareholder of NevGold Corp., holding approximately 19 million shares, or roughly 16.7% of issued and outstanding shares, on the basis of public filings.)i-80 Gold Corp. (NYSE American: IAUX)i-80 Gold is a Nevada-focused gold developer advancing a multi-project portfolio across more than 250 square kilometers of prospective ground on the Carlin and Battle Mountain-Eureka trends. On February 12, 2026, Franco-Nevada Corporation announced a USD 250 million net smelter return royalty financing with i-80 Gold, structured as a 1.5% royalty (increasing to 3.0% in 2031) over all six of i-80's material properties — Granite Creek Underground (operating), Archimedes Underground (development), Mineral Point Heap Leach (study), Granite Creek Open Pit (study), Cove Underground (study), and Lone Tree open pit (study). [13] The Franco-Nevada financing is tied to i-80 Gold's recapitalization plan, which targets production scaling from 150–200 koz Au annually in Phase 1 to 600+ koz Au in Phase 3 by 2032+. [13] The i-80 deal is instructive for the junior Nevada gold space: institutional royalty capital is actively financing U.S. gold development stories at scale in 2026.The NevGold Setup Into Q2 2026NevGold enters the back half of Q2 2026 with several features that are not common in its part of the market:Fully funded through the next inflection. The upsized C$42.2 million financing removes the near-term treasury overhang through the maiden MRE, continued drilling, and metallurgical testwork completion at Limo Butte, plus continued advancement at Nutmeg Mountain. [1]A maiden MRE catalyst in the immediate quarter. The Q2 2026 maiden antimony-gold NI 43-101 Mineral Resource Estimate at Limousine Butte is the next direct catalyst, following the roadmap used by peers like Military Metals (whose April 8, 2026 maiden MRE at Trojarová put 67,000 tonnes of antimony and 222,000 ounces of gold into the discussion). [2] [4]Near-term antimony production optionality, not just exploration. The historical leach pads at Limo Butte are already crushed, already stacked, and already within the permitted footprint. Phase II metallurgical testwork indicates that reprocessing the existing material can produce antimony first and gold second, with gold recoveries up to 99%. [3]1.186 Moz Indicated gold resource at Nutmeg Mountain with the higher-grade feeder zones untested. Average historical drillhole depth at Nutmeg is approximately 75 meters, leaving the typical epithermal feeder structures that sit below near-surface oxide blankets effectively unexplored. [6]Jurisdiction advantage. Nevada and Idaho are consistently ranked among the most favourable mining jurisdictions globally. Permitting timelines are shorter, infrastructure is better, and federal and state regulators have significant experience with advanced-stage projects in these basins.For a junior trading near C$1.90 on a freshly upsized financing, sitting on a 1.186 Moz Indicated gold resource at one flagship and advancing a maiden antimony-gold MRE at a second, with a stated target of near-term antimony production by 2027 and gold-side optionality through a Preliminary Economic Assessment on Nutmeg Mountain — the catalyst density is the story.For more information on NevGold Corp. (TSX-V: NAU), visit www.nev-gold.com.Article Source: https://www.baystreet.caCONTACT:
Baystreet Media Corp.
info @acblanke1DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Baystreet.ca is a wholly-owned subsidiary of Baystreet Media Corp. ("BAY"). BAY has been not been paid a fee for NevGold Corp. advertising or digital media, but the owner(s) of BAY also own Market IQ Media Group Inc. ("MIQ"), which has been paid a fee for NevGold Corp. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of NevGold Corp., and may liquidate their shares which could have a negative effect on the price of the stock. The owner/operator of MIQ does not currently own shares of NevGold Corp. but reserves the right to buy and sell, and will buy and sell shares of NevGold Corp. at any time without any further notice commencing immediately and ongoing. This potential for trading constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this, individuals are strongly encouraged to not use this publication as the basis for any investment decision. Please let this disclaimer serve as notice that all material, including this article, which is disseminated by BAY or MIQ has been reviewed and approved on behalf of NevGold Corp. by CDMG.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo: https://mma.prnewswire.com/media/2973736/Baystreet_Logo.jpgSources:NevGold Corp., "NevGold Announces Upsized C$42MM Brokered Private Placement Financing," GlobeNewswire, April 20, 2026. https://www.globenewswire.com/news-release/2026/04/20/3277330/0/en/NEVGOLD-ANNOUNCES-UPSIZED-42MM-BROKERED-PRIVATE-PLACEMENT-FINANCING.html.NevGold Corp., "NevGold Intercepts 1.11% Antimony Over 6.1 Meters, Within 1.93 g/t AuEq Over 100.6 Meters (1.07 g/t Au And 0.22% Antimony) From Surface," GlobeNewswire, April 9, 2026. https://www.globenewswire.com/news-release/2026/04/09/3270842/0/en/NevGold-Intercepts-1-11-Antimony-Over-6-1-Meters-Within-1-93-g-t-AuEq-Over-100-6-Meters-1-07-g-t-Au-And-0-22-Antimony-From-Surface-Focus-On-Maiden-Antimony-Gold-Mineral-Resource-Es.html.NevGold Corp., "NevGold Announces Up to 99% Gold Recovery From Phase II Metallurgical Testwork on Oxide Antimony-Gold," GlobeNewswire, April 2, 2026.NevGold Corp., "NevGold Announces Positive, Consistent Drill Results on Historic Gold Leach Pads Including 0.34% Antimony And 0.41 g/t Au Over 12.5 Meters," GlobeNewswire, April 14, 2026. https://www.globenewswire.com/news-release/2026/04/14/3273242/0/en/NevGold-Announces-Positive-Consistent-Drill-Results-on-Historic-Gold-Leach-Pads-Including-0-34-Antimony-And-0-41-g-t-Au-Over-12-5-Meters-Path-to-Near-Term-Antimony-Production-Conti.html.NevGold Corp., "NevGold Identifies Large Quantities of Previously Mined Material With Significant Antimony And Near-Term Production Potential In Historical Leach Pads at Limo Butte, Nevada," GlobeNewswire, January 6, 2026.NevGold Corp., September 2025 NI 43-101 Mineral Resource Estimate for the Nutmeg Mountain Project, prepared by Greg Mosher, P.Geo., Global Mineral Resource Services, effective date August 29, 2025.Mugglehead Investment Magazine coverage of NevGold 2026 TSX Venture 50 designation and 2025 share-price performance; NevGold Corp., "NevGold Named as a 2026 Top 50 TSX Venture Exchange Company," Newsfile, February 26, 2026.U.S. Geological Survey Critical Minerals List; U.S. Department of War Title III awards; Perpetua Resources Corp. U.S. Export-Import Bank $2.7 billion proposed loan disclosure (March 31, 2026); China Ministry of Commerce announcements (December 3, 2024 export restrictions on the United States; November 9, 2025 suspension of export prohibition through November 27, 2026, with licensing controls remaining in effect).Iconic Minerals Ltd. and McEwen Inc., "Iconic Minerals Executes Joint Venture Agreement with McEwen Mining on New Pass Gold Property, Nevada," Newsfile, April 15, 2026.McEwen Inc., "McEwen Drilling Returns Significant Intersection at Gold Bar Mine Complex in Nevada: 5.55 gpt Gold over 44.2 Meters," GlobeNewswire, January 27, 2026.Integra Resources Corp., "Integra Launches Largest Drill Program in Its History: 50,000-Meter Expanded Program Targeting Resource Growth, Mine Life Extension and Advanced Engineering at Florida Canyon, DeLamar and Nevada North," PR Newswire, April 9, 2026.GoldMining Inc., "GoldMining Updates Mineral Resource Estimate with Inclusion of Antimony at its Crucero Gold Project, Peru," PR Newswire, February 17, 2026.Franco-Nevada Corporation and i-80 Gold Corp., "Franco-Nevada Announces $250 Million Royalty Financing with i-80 Gold," PR Newswire, February 12, 2026. View original content to download multimedia:https://www.prnewswire.com/news-releases/a-fully-funded-junior-in-the-middle-of-a-q2-catalyst-window-nevgold-heads-into-maiden-antimony-gold-mre-with-c42-2m-in-the-treasury-302764002.htmlSOURCE Baystreet Original: A Fully Funded Junior in the Middle of a Q2 Catalyst Window: NevGold Heads Into Maiden Antimony-Gold MRE With C$42.2M in the Treasury

Funded Builders Are Pulling Away From the Gold Mining PackApril 17, 2026 9:30 AM
PR Newswire (US)

Issued on behalf of Lake Victoria Gold Ltd.Equity-Insider.com News CommentaryVANCOUVER, BC, April 17, 2026 /PRNewswire/ -- Half of every exploration dollar on the planet is now chasing gold. That is the headline finding from S&P Global Market Intelligence's World Exploration Trends 2026 report, which showed mine site drilling surging to a record 45% of deployed capital as the industry pivots hard toward production certainty and away from grassroots discovery[1]. At the same time, the World Gold Council warns that global mine output is approaching a plateau, with major producers forecasting 2026 production declines as existing reserves deplete faster than new deposits can replace them[2]. That structural squeeze is funneling institutional capital toward the developers already funded and building: Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF), G Mining Ventures (TSX: GMIN) (OTCQX: GMINF), i-80 Gold (NYSE-A: IAUX) (TSX: IAU), Osisko Development (NYSE: ODV) (TSXV: ODV), and Troilus Mining (TSX: TLG) (OTCQX: CHXMF).  J.P. Morgan Global Research projects gold pushing toward $5,000 per ounce by Q4 2026, pointing to a market where mine supply simply cannot keep pace with demand averaging 585 tonnes per quarter from investors and central banks alone[3]. State Street's April 2026 Gold Monitor reinforces the setup: sovereign gold reserves have climbed to an all time high of 2,309 tonnes, anchoring a price floor that hands the widest margin expansion to fully funded development projects already in the construction pipeline[4].Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF) recently secured a binding term sheet for a gold loan facility worth up to US$25 million from Monetary Metals, backed by up to 6,000 ounces of gold. The company also locked in a fully committed $3.0 million convertible debenture financing led by a long-term significant shareholder. Together, these deals give Lake Victoria Gold both near-term working capital and a funded path toward production at its Imwelo Gold Project in Tanzania.The gold loan is non-dilutive and production-linked. Repayment comes in gold ounces, not cash, so the facility scales naturally with output. The convertible debenture carries a 5.0% annual interest rate, converts at $0.31 per share, and includes half-warrants exercisable at $0.40. For a company at this stage, the structure is designed to move development forward without flooding the market with new shares."This financing allows us to immediately accelerate work programs on the ground at Imwelo and advance key initiatives across both Imwelo and Tembo without delay," said Marc Cernovitch, CEO of Lake Victoria Gold. "With capital now in place, our focus is on execution, progressing engineering, advancing site activities, and moving Imwelo toward development. At the same time, the Monetary Metals facility provides a clear pathway to larger-scale project financing, supporting our objective of bringing Imwelo into production."The financing builds on strong momentum across the company's Tanzanian portfolio. Lake Victoria Gold recently announced that Tanzania's government has formally begun incorporating its statutory 16% free carried interest in the Tembo mining licences, a required regulatory step that signals the project is advancing through the country's established framework. The company is also finalizing a binding agreement with Nyati Resources, a well-established Tanzanian mining operator, to begin toll milling at Tembo. That deal would allow Lake Victoria Gold to process material through an existing facility, opening a path to early cash flow without heavy upfront capital spending.At Imwelo, the project confirmed gold recovery rates of up to approximately 97% using conventional methods. A completed drill program at Area C returned grades including 11.88 g/t gold over 1.33 metres, and geotechnical studies supported consolidation into a single open pit design. The Tembo Project separately returned surface grades up to 35.45 g/t gold from artisanal sampling.Lake Victoria Gold holds a 100% interest in both projects, counts Barrick Gold among its strategic investors, and has a management, director, and strategic partners group that collectively owns more than 60% of outstanding shares.NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below.Read this and more news for Lake Victoria Gold at: https://equity-insider.com/2025/04/14/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/In other industry developments and happenings in the market include:G Mining Ventures (TSX: GMIN) (OTCQX: GMINF) recently reported Q4 and full-year 2025 financial results, completing the first full year of commercial production at the Tocantinzinho gold mine in Brazil with strong free cash flow generation.Tocantinzinho produced 171,871 ounces of gold in 2025 at total cash costs of $748 per ounce and AISC of $1,155 per ounce, with metallurgical recoveries of 90.6%, exceeding the 90.0% guidance. The mine generated $255 million in mine-site free cash flow and contributed to annual operating cash flows of $308 million."Tocantinzinho completed its first full year of commercial production in 2025, delivering consistent operating performance with production, recoveries and costs in line with expectations," said Louis-Pierre Gignac, President and CEO of G Mining Ventures. "The operation generated $255 million in free cash flow, strengthening our balance sheet while funding the advancement of Oko West."Q4 2025 was the strongest quarter of the year across production, grade, and margins. Oko West, the company's next development asset, is fully funded and under construction.i-80 Gold (NYSE-A: IAUX) (TSX: IAU) recently reported high-grade drilling results from the Archimedes Underground Project at its Ruby Hill property in northeastern Nevada."Drilling continues to return consistent and positive results that are improving our confidence in both the scale and continuity of mineralization at Archimedes," said Tyler Hill, VP Geology of i-80 Gold. "These results provide a solid foundation for ongoing development, and reinforce the broader potential of the Project. With development advancing on schedule, Archimedes is on plan as we target first gold mined in the third quarter of this year."Infill drilling at Upper Archimedes returned a top intercept of 24.6 g/t gold over 23.6 metres, alongside 10.2 g/t over 36.4 metres and 8.0 g/t over 46.4 metres. As of December 31, 2025, Archimedes hosts an indicated gold resource of 436,000 ounces at 7.6 g/t and an inferred resource of 988,000 ounces at 7.3 g/t. Results confirm the continuity of Upper Archimedes mineralization and demonstrate potential to extend beyond the current resource boundaries. Development is advancing on schedule, with first gold targeted for Q3 2026.Osisko Development (NYSE: ODV) (TSXV: ODV) ended Q4 2025 with approximately $422.3 million in cash while advancing pre-construction activities at its flagship Cariboo Gold Project in British Columbia, including completion of a 266-room site camp expansion and ongoing underground development. The company also generated $24.2 million in Q4 revenues from small-scale mining activities at its Tintic Project in Utah, with 6,240 gold ounces sold across full-year 2025 at an average grade of 11.17 grams per tonne.The Cariboo Gold Project infill drill program has reached ~80% completion across 11,025 metres of the planned 13,000-metre Lowhee Zone program, with full completion anticipated in Q2 2026. Up to 20 drill rigs are expected to operate at various times throughout 2026 across a combined ~160,000-metre drilling campaign targeting resource expansion, infill conversion, and new discoveries. Subsequent to quarter-end, Osisko Development raised approximately US$143.8 million through a prospectus offering, entered a construction management agreement with JDS Energy & Mining, received ~$24.9 million from warrant exercises, and secured inclusion in the VanEck Junior Gold Miners ETF.Troilus Mining (TSX: TLG) (OTCQX: CHXMF) has provided an update on its 2026 exploration program at the Troilus copper-gold Project in north-central Québec, outlining a 40,000-metre drill campaign across the 435 km² land package."As we advance Troilus toward construction readiness in 2026, our exploration strategy is tightly aligned with project optimization," said Justin Reid, CEO of Troilus Mining. "The focus of this year's program is targeted drilling designed to enhance the current mine plan, supporting potential resource growth within and adjacent to reserve pits and evaluating higher-grade zones that may positively influence strip ratios."The program combines mine-plan optimization drilling with near-mine and regional target testing. Objectives include testing unsampled historic intervals within the Z87 hanging wall pit, extending high-grade zones in the Connector Zone between Z87 and ZJ, and advancing the recently identified Bear Lake mineralized trend. Near-pit growth targets at West Rim and Allongé are also included, alongside high-grade VMS targets in the Southwest footwall, all aimed at supporting the project's Feasibility Study mine plan.FURTHER READING: https://equity-insider.com/2025/04/14/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/CONTACT:EQUITY INSIDER
info @acblanke1DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (MIQ). MIQ has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media. There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lake Victoria Gold Ltd and reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company. Cautionary Note on Production Decision:Although Imwelo has been the subject of JORC-compliant PEA, PFS and updated PFS work, these foreign-code studies are not current under NI 43-101. The Company has not completed a feasibility study on Imwelo that establishes mineral reserves demonstrating economic and technical viability and is not treating the JORC-based estimates or analyses as current under CIM Definition Standards. Any decision to commence production is not based on a feasibility study of mineral reserves and therefore involves increased uncertainty and a higher risk of economic and technical failure. There is no certainty that the planned low-capex open-pit operation will be economically viable or that production will occur as anticipated. Risks include, without limitation, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational, regulatory, or permitting risks.; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.spglobal.com/market-intelligence/en/news-insights/research/2026/03/world-exploration-trends-2026-what-the-latest-data-says-about-budgets-risk-appetite-and-the-project-pipeline https://www.gold.org/goldhub/gold-focus/2026/03/you-asked-we-answered-are-we-running-out-gold https://www.jpmorgan.com/insights/global-research/commodities/gold-prices https://www.ssga.com/library-content/products/fund-docs/etfs/us/insights-investment-ideas/monthly-gold-monitor.pdf Logo: https://mma.prnewswire.com/media/2840019/5919891/Equity_Insider_Logo.jpg



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Original: Funded Builders Are Pulling Away From the Gold Mining Pack

i-80 Gold Reports High-Grade Assay Results at Archimedes Underground Project Including 24.6 g/t Au Over 23.6 Meters; Development Advancing on ScheduleApril 8, 2026 6:05 AM
PR Newswire (Canada)

TORONTO, April 8, 2026 /CNW/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold", or the "Company") is pleased to announce assay results from its recent drilling campaign at the Archimedes Underground Project ("Archimedes" or the "Project"), located on the Company's Ruby Hill property at the southeastern end of the Battle Mountain-Eureka Trend in northeastern Nevada, United States (see Figure 1 in Appendix).The Company commenced construction of Archimedes, the Company's second underground project, in the third quarter of 2025. Material from Archimedes, in addition to Granite Creek underground, is expected to begin feeding the Company's Lone Tree processing plant by late 2027, subject to the completion of the plant's proposed refurbishment. Until that time, the Company's underground material from Archimedes will be processed through a third-party toll milling agreement.As of December 31, 2025, Archimedes hosts an indicated gold mineral resource of 436,000 ounces at 7.6 grams per tonne and an inferred gold mineral resource of 988,000 ounces at 7.3 grams per tonne(1). The majority of the resource is currently hosted in the Ruby Deeps zone, which is situated below the 5100-foot elevation within the deposit ("Lower Archimedes") (see Figure 2 in Appendix).These drilling results confirm previously interpreted mineralization in the upper 426 zone ("Upper Archimedes") and demonstrate continuity as well as the potential to extend mineralization beyond the boundaries defined by the mineral resource estimate supporting the preliminary economic assessment for Archimedes, prepared in accordance with NI 43-101, and the corresponding Initial Assessment, prepared under Subpart 1300 of Regulation S-K ("S-K 1300"), each filed on March 31, 2025(2) (the "PEA"). Upper Archimedes is situated above the 5100-foot elevation level within the deposit.Highlights From Infill Holes at Upper Archimedes 24.6 g/t Au over 23.6 m in hole iAU26-05 (sulfide)10.2 g/t Au over 36.4 m in hole iAU25-09 (sulfide)8.0 g/t Au over 46.4 m in hole iAU26-01 (sulfide-oxide)6.1 g/t Au over 42.1 m in hole iAU25-14 (oxide)3.9 g/t Au over 44.3 m in hole iAU26-03 (oxide)True widths are estimated between approximately 40% - 65% of core width."Drilling continues to return consistent and positive results that are improving our confidence in both the scale and continuity of mineralization at Archimedes," stated Tyler Hill, Vice President, Geology. "These results provide a solid foundation for ongoing development, and reinforce the broader potential of the Project. The consistency of high-grade results that we are seeing across this drill campaign is similar to the drill campaigns conducted on the Company's other two underground projects, for which feasibility studies are expected to be released this quarter. In addition to the high-grade sulfide mineralization, the emerging oxide opportunity at Upper Archimedes has the potential to provide meaningful low-cost economic ounces in the near-term, with metallurgical testwork underway. With development advancing on schedule, Archimedes is on plan as we target first gold mined in the third quarter of this year."Upper Archimedes Drilling Infill drilling commenced in the fourth quarter of 2025 with a focus on further delineating Upper Archimedes in preparation for the anticipated extraction of mineralized material in the third quarter of 2026. A total of 7,500 meters over 35 holes have been drilled to date, largely completing the 2025-2026 program. New assay results from the first 20 holes presented in Table 1 below continue to demonstrate high-grade mineralization throughout Upper Archimedes, returning high-grade intercepts in targeted drill areas, which are consistent with the current geological model (see Figures 3 and 4 in Appendix). Upper Archimedes drilling will ultimately consist of 36 holes and is expected to be completed in the second quarter of 2026. Results from this program, in conjunction with further drilling in 2026, will be used to support stope design for planned mining activities.The current drilling program intersected substantial intervals of oxide mineralization that were not included in the 2025 PEA. In light of the current gold price environment and the presence of an operating heap leach pad, the Company is currently evaluating the potential to integrate this oxide material into the Project's mine plan and production profile.Lower Archimedes Drilling Development of an exploration drift to serve as a platform to drill Lower Archimedes commenced ahead of schedule during the first quarter of 2026. Following the expected completion of the Upper Archimedes drill program in the second quarter, an infill drilling program targeting approximately 55,000 meters over 140 holes in Lower Archimedes is anticipated to begin in the second quarter of 2026. Lower Archimedes remains open to the north and south, and at depth, offering substantial exploration potential.Drilling results from both Upper and Lower Archimedes will form the basis of a new mineral resource estimate and a feasibility study which is expected to be completed in the first quarter of 2027. The updated resource is expected to include approximately 60,000 meters of drilling, of which the majority is infill drilling to define reserves. The overall drill program is primarily focused on infill drilling to enhance confidence in the mine plan, better define the transition boundary of the oxide-sulfide mineralization, confirm the continuity of mineralization, and upgrade inferred resources into the measured and indicated mineral resource categories.Development at Archimedes Advancing on ScheduleAt Upper Archimedes, permitting for mining is complete and construction continues to advance on schedule with the development footage exceeding plan. Approximately 1,200 meters of development for the project has been completed as of the end of the first quarter of 2026. Project costs are largely in line with budget expectations. Predictive groundwater models for Archimedes have advanced, including the installation of an additional dewatering well in the first quarter of 2026. The Company continues to expect to mine first gold within Upper Archimedes in the third quarter of 2026.Permitting activities for Lower Archimedes are underway with an estimated completion by mid-2027, while reviewing opportunities to expedite the timeline. This sequential permitting approach allows the Company to expedite mining activities, while finalizing approvals for Lower Archimedes.Results from the PEA outlined an approximate 10-year mine life with an average annual gold output of approximately 100,000 ounces, following production ramp up(2) (to view the announcement, click here). Table 1: Assay Results From Upper Archimedes DrillingDrillhole IDTypeOxidationFrom (m)To (m)Length (m)Au (g/t)iAU25-01CoreSulfide151.2156.04.85.6AndCore Sulfide189.9192.82.99.2AndCoreOxide195.4223.728.36.6iAU25-02CoreSulfide129.7148.719.07.0AndCore Sulfide157.9171.613.76.9AndCoreOxide171.6192.921.34.1iAU25-03CoreSulfide108.8119.510.75.4AndCore Sulfide154.7161.66.910.3iAU25-04CoreSulfide153.3162.59.114.0AndCoreOxide197.5212.815.22.1iAU25-05Core Oxide139.9155.916.02.7iAU25-06CoreSulfide125.9133.27.312.7AndCoreOxide145.1163.818.77.3iAU25-07Core Sulfide133.2146.913.712.1iAU25-08CoreSulfide132.0146.614.69.5AndCoreOxide170.8194.523.73.1iAU25-09Core Sulfide113.7121.17.46.0AndCoreSulfide139.5176.036.410.2iAU25-10CoreSulfide121.8124.52.74.0iAU25-11Core Sulfide126.7147.220.411.0AndCoreOxide147.2163.416.23.3iAU25-12CoreOxide95.4101.35.94.3AndCore Oxide149.4162.212.84.4iAU25-13CoreSulfide135.1145.410.28.1iAU25-14CoreSulfide104.2119.515.29.3AndCore Oxide129.9172.042.16.1iAU25-15CoreSulfide130.8151.520.75.3AndCoreOxide176.0183.98.02.5iAU26-01Core Sulfide/Oxide135.0181.446.48.0IncludesCoreOxide151.1171.520.55.3AndCoreSulfide186.5188.92.412.8iAU26-02Core Oxide146.3166.119.82.3iAU26-03CoreSulfide134.1140.86.713.8AndCoreOxide140.8185.044.33.9iAU26-04Core Sulfide104.5111.77.210.3AndCoreOxide130.5168.337.92.9iAU26-05Core Sulfide128.2151.823.624.6AndCoreSulfide170.1176.66.55.7Notes to table above:Numbers may not add due to rounding. True widths are estimated between approximately 40%-65% of core width.Table 2: Drillhole Collar CoordinatesUTMDrillhole IDEast (m)North (m)Elevation (m)AzimuthDipNAD83 Zone 11iAU25-0158736943758601774003-44iAU25-0258736943758601774001-51iAU25-0358735543758201779324-35iAU25-0458736943758601774352-42iAU25-0558735543758201779327-31iAU25-0658736943758601774350-57iAU25-0758735443758201779316-36iAU25-0858736943758601774350-50iAU25-0958735443758201779315-32iAU25-1058736943758601774344-43iAU25-1158735443758201779306-36iAU25-1258736843758601774331-55iAU25-1358735443758201779299-38iAU25-1458736843758601774332-59iAU25-1558735443758201779297-34iAU26-0158735443758201779292-32iAU26-0258736843758601774322-46iAU26-0358735443758201779290-38iAU26-0458736843758601774319-59iAU26-0558735443758201779386-30Technical Disclosure and Qualified PersonsThe technical information contained in this press release has been prepared under the supervision of, and has been reviewed and approved by Paul Chawrun P.Eng., Chief Operating Officer, and Tyler Hill CPG., Vice President, Geology, for the Company, each of whom are qualified persons within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and S-K 1300.All samples were submitted to MSALABS (MSA) of Elko, NV, which is an ISO9001 accredited laboratory, independent of the Company. Samples submitted through MSA are crushed to 80% passing 2 mm and analyzed using CPA-Au1 (Au; 500 gram photon assay). MSA also undertakes their own internal coarse duplicate analysis to ensure proper sample preparation and equipment calibration. i-80 Gold's QA/QC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results. Mineral resources do not have demonstrated economic viability and are not mineral reserves.For a description of the data verification, assay procedures and the quality assurance program and quality control measures applied by the Company, please see the Company's Annual Report on Form-10K dated February 19, 2026, as well as the information in respect of data verification, key assumptions, parameters, risks and other factors contained in the PEA and the corresponding Initial Assessment dated March 31, 2025, each as filed under the Company's profile on SEDAR+ at www.sedarplus.ca and under the Company's profile on EDGAR at www.sec.gov.Endnotes(1)Notes to the Archimedes Underground Mineral Resource estimate: (1) Underground mineral resources have been estimated at a gold price of $2,175 per troy ounce and a silver price of $27.25 per ounce; metal price determinations were from 2024 Q3. (2) Mineral resources have been estimated using pressure oxidation gold metallurgical recoveries of 96.8% and 89.5% for the 426 and Ruby Deeps deposits respectively. (3) Pressure oxidation cutoff grades are 5.06 and 5.48 Au g/t (0.148 and 0.160 opt) for the 426 and Ruby Deeps deposits respectively. (4) Detailed input mining, processing, and G&A costs are defined in Section 18.1. (5) Units shown are metric. (6) The contained gold ounces estimates have not been adjusted for metallurgical recoveries. (7) Numbers have been rounded as required by reporting guidelines and may result in apparent summation differences. (8) A mineral resource is a concentration or occurrence of solid material of economic interest in or on the Earth's crust in such form, grade or quality and quantity that there are reasonable prospects for economic extraction. The location, quantity, grade or quality, continuity and other geological characteristics of a mineral resource are known, estimated or interpreted from specific geological evidence and knowledge, including sampling. The dimensions of a minimum minable stope cross section are 20 feet wide x 15 feet high. Individual stope lengths can vary from a minimum of 20 feet to a maximum of 100 feet. (9) An inferred mineral resource is that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. (10) Mineral resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, socio-political, marketing, or other relevant factors. (11) Mineral resources in the Ruby Hill Technical Report have an effective date of December 31, 2024. A Qualified Person and employee of Practical Mining LLC, has reviewed the Ruby Hill Underground mineral resources and material assumptions included in the Ruby Hill Technical Report and confirmed that they remain current as of December 31, 2025. (12) The reference point for mineral resources is in situ.(2)A press release titled "i-80 Gold Announces Positive Preliminary Economic Assessment on the Archimedes Underground Project, Nevada; After-Tax NPV(5%) of $127 Million with an After-Tax IRR of 23% at US$2,175/oz Au" announcing results from the PEA on the Ruby Hill Property covering the Archimedes underground project was filed on February 18, 2025, followed by the filing of the PEA and the corresponding Initial Assessment on March 31, 2025. The PEA was prepared in accordance with NI 43-101 and the Initial Assessment was prepared in accordance with S-K 1300. All documents are accessible under the Company's issuer profile on both SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, as well as on the Company's website at www.i80gold.com. The PEA is preliminary in nature and includes an economic analysis that is based, in part, on inferred mineral resources. Inferred mineral resources that are considered too speculative geologically to have for the application of economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the results of the PEA will be realized. Mineral resources do not have demonstrated economic viability and are not mineral reserves.About i-80 Gold Corp.i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a fully funded three-phase development plan to advance its high-quality asset portfolio. The Company is the fifth largest gold mineral resource holder in the state with a pipeline of high-grade multi-stage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX). For more information, visit www.i80gold.com.Cautionary Statement Regarding Forward Looking InformationCertain information set forth in this press release, including but not limited to management's assessment of the Company's future plans and operations, expectations regarding the timing, execution and results of the Company's drilling programs, outlook on gold output, the anticipated timing of gold output, project development or technical studies, including completion of the anticipated Archimedes underground feasibility study and the release of its results, the potential for mineral resource conversion and opportunities for expansion, management's view on the potential to incorporate Archimedes oxide mineralized material into the Project's mine plan to provide meaningful low-cost economic ounces in the near-term, the timing of first gold mined and first gold pour, and the timing of Archimedes and Granite Creek underground to begin feeding the Lone Tree processing plant constitute forward looking statements or forward-looking information within the meaning of applicable securities laws. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Readers are cautioned that the assumptions used in the preparation of information, although considered reasonable at the time of preparation, may prove to be inaccurate and, as such, reliance should not be placed on forward-looking statements. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, if any, that the Company will derive therefrom. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including general economic and industry conditions, volatility of commodity prices, title risks and uncertainties, uncertainty in geological, metallurgical and geotechnical studies and opinions, and ability to access sufficient capital from internal and external sources such as selling assets, restructuring debt or obtaining additional equity capital on terms that may be onerous or highly dilutive.This release also contains references to estimates of mineral resources. The estimation of mineral resources is inherently uncertain and involves subjective judgments about many relevant factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation (including estimated future production from the Project, the anticipated tonnages and grades that will be mined and the estimated level of recovery that will be realized), which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that may ultimately prove to be inaccurate. Mineral resource estimates may have to be re-estimated based on: (i) fluctuations in commodities prices; (ii) results of drilling, (iii) metallurgical testing and other studies; (iv) proposed mining operations, including dilution; (v) the evaluation of mine plans subsequent to the date of any estimates; and (vi) the possible failure to receive required permits, approvals and licenses or changes to existing mining licenses.Please see "Risks Factors" in the Form 10-K for the fiscal year ended December 31, 2025 for more information regarding risks pertaining to the Company, which is available on EDGAR at www.sec.gov/edgar and SEDAR+ at www.sedarplus.ca. Readers are encouraged to carefully review these risk factors as well as the Company's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. All forward-looking statements contained in this press release speak only as of the date of this press release or as of the dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law.Additional information relating to i-80 Gold can be found on i-80 Gold's website at www.i80gold.com, SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov/edgar. The information included on, or accessible through, the Company's website is not incorporated by reference into this press release.APPENDIXFigure 1: Regional Map of i-80 Gold Assets in Northern NevadaFigure 2: Upper and Lower Mineralized Zones, Archimedes UndergroundFigure 3: Plan View of Archimedes UndergroundFigure 4: Upper Archimedes Cross-Section










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Original: i-80 Gold Reports High-Grade Assay Results at Archimedes Underground Project Including 24.6 g/t Au Over 23.6 Meters; Development Advancing on Schedule

i-80 Gold Closes Gold Prepayment Facility for up to $250 Million; Completes Recapitalization Establishing a Fully Funded Development PlanMarch 24, 2026 6:11 AM
PR Newswire (Canada)

All amounts referenced herein are expressed in United States dollars unless otherwise stated.TORONTO, March 24, 2026 /CNW/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") is pleased to announce the closing of its previously announced gold prepayment facility (the "Gold Prepay Facility") with National Bank of Canada and Macquarie Bank Limited. The Gold Prepay Facility includes an initial advance of $150 million and a $100 million accordion feature. With the closing of the Gold Prepay Facility, the Company has successfully completed its recapitalization plan. Through a combination of financing arrangements, i-80 Gold has raised over $1 billion in capital(1), which is expected to fully fund the development plan through Phase 1 and Phase 2, with a path to funding Phase 3(2) (see Figure in Appendix).







"We are pleased to announce the closing of the Gold Prepay Facility, marking the final step in achieving our recapitalization goals and a major turning point for i-80 Gold," said Richard Young, President & CEO. "We believe this significantly derisks the Company and positions us to fully finance our growth plans, financing five gold projects and the Lone Tree centralized autoclave processing facility. With the financing now complete, we are fully focused on executing on our industry-leading project pipeline in Nevada and delivering significant value to all our stakeholders."Gold Prepay FacilityWith the closing of the Gold Prepay Facility, the Company received $150 million in initial funding and has the obligation to deliver 39,978 ounces of gold over a 30-month period beginning in January 2028. The accordion feature provides access to an additional $100 million for a 24-month period from closing, subject to customary conditions and lender approval. The Company anticipates executing the accordion feature in the first half of 2027, at which point the number of additional gold ounces to be delivered will be determined.Recapitalization Plan Over the past 18 months, i-80 Gold undertook several initiatives that have led to the completion of its recapitalization plan. The Company has secured a financing package that aligns with the projected capital requirements and cash flows of its development plan. This recapitalization was completed ahead of the Company's target of mid-2026 and has achieved over $1 billion in secured and available capital(1) in accordance with its plan. We believe the Company is fully funded to advance Phase 1 and Phase 2 of the development plan(2). Phase 1 and Phase 2 currently include advancing three underground projects (Granite Creek, Archimedes and Cove) and one open pit oxide project (Granite Creek open pit), as well as the refurbishment and commissioning of the Company's centralized Lone Tree processing plant. Once complete, these projects are expected to increase average annual production to a target range of 300,000 to 400,000 ounces of gold in 2031(2), up from less than 50,000 ounces of gold currently. They are also expected to generate sufficient operating cash flow to fund Phase 3(2), which currently includes the development of the Mineral Point open pit oxide project. The Company now has the financial flexibility to bring forward infill drilling, engineering, and technical studies in support of the pre-feasibility study and future permitting actions for Mineral Point ahead of Phase 3, as the Company continues to identify opportunities to optimize the development schedule.Endnotes(1)The Company has secured over $1.0 billion in capital since the beginning of 2025 through a combination of financings. This includes (i) approximately $184 million in gross proceeds raised in May 2025 through a public offering and a concurrent private placement, with up to an additional $130 million assuming full exercise of the related in-the-money warrants over the next 18 months, (ii) a $250 million royalty financing with Franco-Nevada (of which $225 million was funded at closing on March 16, 2026 with approximately $165 million used to pay legacy debt obligations, and $25 million remains subject to drawdown conditions), (iii) convertible senior notes issued on March 23, 2026 for an aggregate principle amount of $287.5 million, and (iv) $150 million under the Gold Prepay Facility with National Bank of Canada and Macquarie Bank with an additional $100 million available under an accordion feature, subject to drawdown conditions.

(2)Based on capital costs, gold output estimates and average annual gold output targets in the most recent life of mine gold output schedules disclosed in the latest technical studies filed for each respective project and related property: the Lone Tree Facility, Granite Creek underground, Archimedes underground, Cove underground and Granite Creek open pit when using a gold price assumption of $3,600 per ounce for the purposes of anticipated cash flow from operations. While the economics of the latest technical studies were completed using a gold price assumption of $2,175 per ounce with gold price sensitivities of up to $3,000 per ounce, a gold price assumption of $3,600 per ounce is in line with current long term consensus prices.


These anticipated output figures are preliminary in nature and are based on mineral resources, which do not have demonstrated economic viability, and are not mineral reserves. In addition, each of the foregoing technical reports are preliminary economic assessments/initial assessments that are preliminary in nature and each include an economic analysis that is based, in part, on inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have for the application of economic considerations applied to them that would enable them to be categorized as mineral reserves. As such, there is no certainty that the output targets will be realized. The anticipated output targets are also pending the refurbishment and commissioning of the Lone Tree Plant. The output targets presented herein are Company goals and not a projection of results and should not be taken as output guidance. All of the Company's projects are considered exploration stage projects under S-K 1300 because the Company has not determined mineral reserves at any of its properties pursuant to S-K 1300. With respect to Granite Creek underground and Archimedes underground, located on the Ruby Hill property, the Company has started extraction activities without determining mineral reserves.


The following technical reports for each project and related property have been prepared in accordance with NI 43-101: Preliminary Economic Assessment Technical Report for the Cove Project, Lander County, Nevada (March 31, 2025); Preliminary Economic Assessment Technical Report for the Granite Creek Mine Project, Humboldt County, Nevada, USA (March 31, 2025); and Preliminary Economic Assessment NI 43-101 Technical Report for the Ruby Hill Project, Eureka Country, Nevada, USA (March 31, 2025). Corresponding technical reports prepared in accordance with S-K 1300 are as follows: Initial Assessment & Technical Report Summary for the Cove Project, Lander County, Nevada (March 26, 2025); Initial Assessment of the Granite Creek Mine, Humboldt County, NV (March 26, 2025); and Initial Assessment of the Ruby Hill Project, Eureka County NV (March 29, 2025).About i-80 Gold Corp.i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fifth largest gold mineral resource holder in the state with a pipeline of high-grade multi-stage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX). For more information, visit www.i80gold.com.Cautionary Statement Regarding Forward-Looking InformationCertain information set forth in this press release, including but not limited to statements regarding the full funding and advancement of Phase 1 and Phase 2 of the current development plan including three underground projects (Granite Creek, Archimedes and Cove) and one open pit oxide project (Granite Creek open pit) as well as the refurbishment and commissioning of the Company's centralized Lone Tree processing plant, increasing average annual gold output to a target range of 300,000 to 400,000 ounces in 2031, and the expectation to generate sufficient operating cash flow to fund Phase 3 of the current development plan, constitutes forward looking statements or forward-looking information within the meaning of applicable securities laws. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Readers are cautioned that the assumptions used in the preparation of information, although considered reasonable at the time of preparation, may prove to be inaccurate and, as such, reliance should not be placed on forward looking statements.The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, if any, that the Company will derive therefrom. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including; the Company satisfying the conditions to access the US$100 million accordion feature, general economic and industry conditions, including the impact of recent oil price increases, risks associated with the refurbishment of the Lone Tree Plant and advancement of the Company's projects, as well as those factors discussed under the heading "Risks Factors" in the Form 10-K for the fiscal year ended December 31, 2025, which is available on EDGAR at www.sec.gov/edgar and SEDAR+ at www.sedarplus.ca. Readers are encouraged to carefully review these risk factors as well as the Company's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. All forward-looking statements contained in this press release speak only as of the date of this press release or as of the dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law.Additional information relating to i-80 Gold can be found at www.i80gold.com and on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov/edgar. APPENDIXFigure: i-80 Gold's Three-Phase Development Plan 










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Original: i-80 Gold Closes Gold Prepayment Facility for up to $250 Million; Completes Recapitalization Establishing a Fully Funded Development Plan

i-80 Gold Closes Upsized US$287.5 Million Offering of Convertible Senior NotesMarch 23, 2026 11:40 AM
PR Newswire (US)

TORONTO, March 23, 2026 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") is pleased to announce the closing of its previously announced offering (the "Offering") of 3.75% unsecured convertible senior notes due 2031 (the "Notes") for an aggregate principal amount of US$287.5 million, which includes the upsized Offering of US$250 million and the exercise in full of the US$37.5 million option granted to the initial purchasers of the Notes. The initial conversion rate for the Notes is 519.4805 common shares of the Company (the "Shares") per US$1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US$1.93 per Share.







i-80 Gold intends to use the net proceeds from this Offering to advance the Company's five gold projects through various stages of development, refurbish the Lone Tree processing plant, and fund resource expansion and infill drilling, as well as for general corporate and working capital purposes.The Notes and the Shares issuable upon the conversion thereof have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), registered under any state securities laws, or qualified by a prospectus in Canada. The Notes and the Shares may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. The Notes were offered only to "qualified institutional buyers" (as defined in Rule 144A under the Securities Act). The Notes may not be offered or sold in Canada except pursuant to exemptions from the prospectus requirements of applicable Canadian provincial and territorial securities laws.This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or the Shares issuable upon the conversion thereof, and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or the Shares issuable upon the conversion thereof in any jurisdiction in which such offer, solicitation or sale is unlawful.About i-80 Gold Corp.i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fifth largest gold mineral resource holder in the state with a pipeline of high-grade multi-stage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX).Cautionary Statement Regarding Forward-Looking InformationCertain information set forth in this press release, including but not limited to statements regarding the proposed use of proceeds of the Offering, constitutes forward looking statements or forward-looking information within the meaning of applicable securities laws.All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Readers are cautioned that the assumptions used in the preparation of information, although considered reasonable at the time of preparation, may prove to be inaccurate and, as such, reliance should not be placed on forward looking statements.The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, if any, that the Company will derive therefrom. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including general economic and industry conditions, risks associated with the refurbishment of the Lone Tree Plant and advancement of the Company's projects, as well as those factors discussed under the heading "Risks Factors" in the Form 10-K for the fiscal year ended December 31, 2025, which is available on EDGAR at www.sec.gov/edgar and SEDAR+ at www.sedarplus.ca. Readers are encouraged to carefully review these risk factors as well as the Company's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. All forward-looking statements contained in this press release speak only as of the date of this press release or as of the dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law.Additional information relating to i-80 Gold can be found on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov/edgar.



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Original: i-80 Gold Closes Upsized US$287.5 Million Offering of Convertible Senior Notes

i-80 Gold Announces Pricing of Upsized Offering of US$250 Million Convertible Senior NotesMarch 19, 2026 7:00 AM
PR Newswire (US)

TORONTO, March 19, 2026 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") announced that it has priced its previously announced offering (the "Offering") of unsecured convertible senior notes due 2031 (the "Notes"). The Company intends to issue US$250 million aggregate principal amount of Notes (or US$287.5 million aggregate principal amount if the option granted to the initial purchasers to purchase additional Notes is exercised in full). The Offering was upsized from the previously announced US$200 million (or US$230 million if the option granted to the initial purchasers to purchase additional Notes was exercised in full).







The Notes will bear cash interest paid semi-annually at a rate of 3.75% per annum. The initial conversion rate for the Notes will be 519.4805 common shares of the Company (the "Shares") per US$1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US$1.93 per Share. The initial conversion rate represents a premium of approximately 37.5% relative to yesterday's closing market price of the Shares on the NYSE American and is subject to adjustment in certain events.The Offering is expected to close on or about March 23, 2026, subject to customary closing conditions including approval of the Toronto Stock Exchange and the NYSE American.i-80 Gold intends to use the net proceeds from this Offering to advance the Company's gold projects through various stages of development, refurbish the Lone Tree processing plant, and fund resource expansion and infill drilling, as well as for general corporate and working capital purposes.The Notes and the Shares issuable upon the conversion thereof have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), registered under any state securities laws, or qualified by a prospectus in Canada. The Notes and the Shares may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. The Notes were offered only to "qualified institutional buyers" (as defined in Rule 144A under the Securities Act). The Notes may not be offered or sold in Canada except pursuant to exemptions from the prospectus requirements of applicable Canadian provincial and territorial securities laws.This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or the Shares issuable upon the conversion thereof, and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or the Shares issuable upon the conversion thereof in any jurisdiction in which such offer, solicitation or sale is unlawful.About i-80 Gold Corp.i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fifth largest gold mineral resource holder in the state with a pipeline of high-grade multi-stage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX).Cautionary Statement Regarding Forward-Looking InformationCertain information set forth in this press release, including but not limited to statements regarding completion of the Offering, the proposed terms of the Offering and the proposed use of proceeds of the Offering, constitutes forward looking statements or forward-looking information within the meaning of applicable securities laws.All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Readers are cautioned that the assumptions used in the preparation of information, although considered reasonable at the time of preparation, may prove to be inaccurate and, as such, reliance should not be placed on forward looking statements.The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, if any, that the Company will derive therefrom. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including failure to satisfy the conditions to closing of the Offering; market demand for the Notes; general economic and industry conditions, risks associated with the refurbishment of the Lone Tree Plant and advancement of the Company's projects, as well as those factors discussed under the heading "Risks Factors" in the Form 10-K for the fiscal year ended December 31, 2025, which is available on EDGAR at www.sec.gov/edgar and SEDAR+ at www.sedarplus.ca. Readers are encouraged to carefully review these risk factors as well as the Company's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. All forward-looking statements contained in this press release speak only as of the date of this press release or as of the dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law.Additional information relating to i-80 Gold can be found on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov/edgar.



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Original: i-80 Gold Announces Pricing of Upsized Offering of US$250 Million Convertible Senior Notes

i-80 Gold Launches Offering of US$200 Million Convertible Senior NotesMarch 18, 2026 7:00 AM
PR Newswire (US)

TORONTO, March 18, 2026 /PRNewswire/ -- i-80 GOLD CORP. (TSX:IAU) (NYSE American:IAUX) ("i-80 Gold" or the "Company") announces the offering of unsecured convertible senior notes due 2031 (the "Notes") in the aggregate principal amount of US$200 million (the "Offering"). The Company expects to grant the initial purchasers of the Notes an option to purchase for a period of 20 days up to an additional US$30 million aggregate principal amount of Notes.







i-80 Gold intends to use the net proceeds of this Offering to advance the Company's five gold projects through various stages of development, refurbish the Lone Tree processing plant, and fund resource expansion and infill drilling, as well as for general corporate and working capital purposes.The interest rate, the initial conversion rate and other terms of the Notes will be determined by i-80 and the initial purchasers and will depend on market conditions at the time of pricing of the Offering. The Notes will bear cash interest payable semi-annually at a fixed rate and will be convertible by holders into i-80 Gold common shares (the "Shares"). The Notes will be redeemable by i-80 Gold at its option in certain circumstances. Holders will have the right to require i-80 Gold to repurchase their Notes upon the occurrence of certain events.The Offering is subject to customary closing conditions including approval of the Toronto Stock Exchange and the NYSE American.The Notes and the Shares issuable upon the conversion thereof have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), registered under any state securities laws, or qualified by a prospectus in Canada. The Notes and the Shares may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. The Notes will be offered only to "qualified institutional buyers" (as defined in Rule 144A under the Securities Act). The Notes may not be offered or sold in Canada except pursuant to exemptions from the prospectus requirements of applicable Canadian provincial and territorial securities laws.This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or the Shares issuable upon the conversion thereof, and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or the Shares issuable upon the conversion thereof in any jurisdiction in which such offer, solicitation or sale is unlawful.About i-80 Gold Corp.i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fifth largest gold mineral resource holder in the state with a pipeline of high-grade multi-stage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX).Cautionary Statement Regarding Forward-Looking InformationCertain information set forth in this press release, including but not limited to statements regarding completion of the Offering, the proposed terms of the Offering and the proposed use of proceeds of the Offering, constitutes forward looking statements or forward-looking information within the meaning of applicable securities laws.All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Readers are cautioned that the assumptions used in the preparation of information, although considered reasonable at the time of preparation, may prove to be inaccurate and, as such, reliance should not be placed on forward looking statements.The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, if any, that the Company will derive therefrom. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including failure to satisfy the conditions to closing of the Offering; market demand for the Notes; general economic and industry conditions, risks associated with the refurbishment of the Lone Tree Plant and advancement of the Company's projects, as well as those factors discussed under the heading "Risks Factors" in the Form 10-K for the fiscal year ended December 31, 2025, which is available on EDGAR at www.sec.gov/edgar and SEDAR+ at www.sedarplus.ca. Readers are encouraged to carefully review these risk factors as well as the Company's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. All forward-looking statements contained in this press release speak only as of the date of this press release or as of the dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law.Additional information relating to i-80 Gold can be found on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov/edgar. 



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Original: i-80 Gold Launches Offering of US$200 Million Convertible Senior Notes

i-80 Gold Closes $250 Million Royalty Financing with Franco-Nevada and Completes Retirement of Certain Legacy Debt ObligationsMarch 16, 2026 9:10 AM
PR Newswire (Canada)

All amounts referenced herein are expressed in United States dollars unless otherwise stated.TORONTO, March 16, 2026 /CNW/ - i-80 GOLD CORP. (TSX:IAU) (NYSE American:IAUX) ("i-80 Gold" or the "Company") is pleased to announce that it has successfully completed the closing of the previously announced $250 million royalty financing (the "Royalty Financing") with a wholly-owned U.S. subsidiary of Franco-Nevada Corporation ("Franco-Nevada"). The Company used a portion of the Royalty Financing proceeds to complete the mandatory redemption of its 8% secured convertible debentures due in 2027 ("2027 Convertible Debentures") and to settle a convertible loan and Gold Prepay Agreement held by affiliates of Orion Mine Finance ("Orion").







"Together, these transactions represent a major step forward in the Company's recapitalization, significantly strengthening the balance sheet and positioning i-80 Gold to continue advancing its development plan towards becoming a mid-tier gold producer in Nevada," said Richard Young, President & Chief Executive Officer. "We thank Orion, Franco-Nevada and our debenture holders for assisting the Company in advancing its prospective portfolio of projects." Completion of Franco-Nevada Royalty FinancingPursuant to the Royalty Financing, Franco-Nevada is paying $250 million to the Company in exchange for a 1.5% life-of-mine ("LOM") net smelter return royalty ("NSR"), stepping up to a 3.0% LOM net smelter return royalty on January 1, 2031. The royalty payable to Franco-Nevada applies to production from all mineral properties in the Company's portfolio. At closing, a total of $225 million of the Royalty Financing was advanced to the Company with approximately $165 million used to extinguish the legacy debt obligations described below, with the remaining balance to be used to advance the Mineral Point open pit oxide project and construction of the Archimedes underground project. In total, $50 million of the Royalty Financing has been dedicated to advancing Mineral Point infill drilling, engineering and early-stage permitting in 2026, supporting a pre-feasibility study anticipated for completion in 2027. The remaining $25 million of the Royalty Financing is payable following the expenditure of an initial $25 million allocated for Mineral Point, which is expected to be made available later this year.Redemption of 2027 Convertible DebenturesThe Company has completed the mandatory redemption of its 2027 Convertible Debentures for a total cash payment of $73 million, including the principal amount of $65 million and accrued interest of approximately $5.3 million. Total accrued interest on the debentures amounted to approximately $18.7 million. Approximately 70% of the 2027 Convertible Debenture holders elected to receive their accrued interest in common shares of the Company, resulting in the issuance of approximately 8.1 million common shares, while the remaining interest was paid in cash. A 4% premium associated with the early mandatory redemption was applied to the principal amount and accrued interest.Repayment of the Gold Prepayment and Convertible Loan Instruments Held by OrionThe Company has repaid in full the Gold Prepay Agreement and Convertible Loan Instruments held by Orion. A Silver Purchase and Sale Agreement held by Orion remains in place, as described in the Company's Annual Report on Form 10-K for the year ended December 31, 2025. The total payout to Orion was $92 million, comprising the convertible loan, including a principal amount of $50 million and approximately $20 million of accrued interest, together with the outstanding balance under the Gold Prepay Agreement. An additional 3 million common shares were issued to Orion as part of the early redemption.This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. The securities referenced in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States or for the account or benefit of U.S. persons absent registration under the Securities Act or an applicable exemption from registration under the Securities Act.About i-80 Gold Corp.i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fifth largest gold mineral resource holder in the state with a pipeline of high-grade multi-stage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX). Visit www.i80gold.com for more information.Cautionary Statement Regarding Forward-Looking Information This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Readers are cautioned that the assumptions used in the preparation of information, although considered reasonable at the time of preparation, may prove to be inaccurate and, as such, reliance should not be placed on forward-looking statements. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, if any, that the Company will derive therefrom. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including general economic and industry conditions, volatility of commodity prices, title risks and uncertainties, uncertainty in geological, metallurgical and geotechnical studies and opinions, and completion of planned expenditures at Mineral Point. The Company's ability to receive the remaining $25 million of the Royalty Payment will depend on its ability to satisfy the conditions required for such payment. Please see "Risks Factors" in the Form 10-K for the fiscal year ended December 31, 2025 and subsequent quarterly reports on Form 10-Q for more information regarding risks pertaining to the Company, which is available on EDGAR at www.sec.gov/edgar and SEDAR+ at www.sedarplus.ca. Readers are encouraged to carefully review these risk factors as well as the Company's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. All forward-looking statements contained in this press release speak only as of the date of this press release or as of the dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law.Additional information relating to i-80 Gold can be found on i-80 Gold's website at www.i80gold.com,  SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov/edgar. The information included on, or accessible through, the Company's website is not incorporated by reference into this press release.



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Original: i-80 Gold Closes $250 Million Royalty Financing with Franco-Nevada and Completes Retirement of Certain Legacy Debt Obligations

i-80 Gold Extends Deadline for Holders of Convertible Debentures to Submit Interest Conversion Election NoticesFebruary 25, 2026 12:01 PM
PR Newswire (Canada)

TORONTO, Feb. 25, 2026 /CNW/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") announces, that in connection with the previously announced mandatory redemption of the Company's 8% secured convertible debenture notes due 2027 (the "Debentures"), the deadline for the holders of the Debentures ("Debentureholders") to submit their elections to convert accrued and unpaid interest on the Debentures (the "Interest Election Right") into common shares of the Company (the "Common Shares") has been extended to 5:00 pm (EST) on Friday, March 6, 2026 (the "Deadline").







"As part of our fair approach to the early retirement of these Debentures, we elected to extend the deadline of the Interest Election Right to ensure that Debentureholders have sufficient time to fully evaluate their options," said Ryan Snow, Chief Financial Officer. "This adjustment reflects our commitment to executing the redemption process in a fair, orderly and transparent manner."To exercise their Interest Election Right, registered holders of the Debentures must complete and return a share interest election notice (the "Interest Election Notice") to i-80 GOLD CORP. c/o TSX Trust Company, 100 Adelaide Street West, Suite 301, Toronto, Ontario M5H 4H1, Attention: Corporation Actions. Email: tmxestaff-corporatetrust@tmx.com by the Deadline. Copies of the Interest Election Notice may be obtained from the Company's information agent for the redemption, Shorecrest Group, at their contact particulars set out below.Debentureholders whose Debentures are registered in the name of an investment dealer, bank, trust company, or other intermediary should immediately contact that intermediary for assistance if they wish to submit an Interest Election Notice in respect of the Debentures they hold in order to take the necessary steps. Intermediaries likely have established cut-off times that are prior to the Deadline. Debentureholders must instruct their brokers or other intermediaries promptly if they wish to submit an Interest Election Notice.Pursuant to the terms of the indenture for the Debentures dated as of February 22, 2023 between the Company and the TSX Trust Company, as supplemented by the First Supplemental Convertible Debenture Indenture dated as of February 28, 2025 (collectively, the "Indenture"), the conversion price of the Debentures for the purposes of the Interest Election Right will be calculated based on the volume weighted average trading price of the Common Shares on the TSX during the five trading days immediately preceding the date the Debentureholder's Interest Election Notice is received by the Company c/o TSX Trust Company (in accordance with Section 13.1 of the Indenture), less a discount of 15%, converted into U.S. dollars at the Bank of Canada rate on such date. Debentureholders who do not submit an Interest Election Notice by the Deadline will, pursuant to the terms of the Indenture, be paid in cash for their accrued and unpaid interest on the Debentures.When submitted, an Interest Election Notice is irrevocable. Debentureholders who have already submitted an Interest Election Notice do not need to take any further action. Interest Election Notices that were previously submitted cannot be withdrawn.This press release shall not constitute a notice of redemption or convertibility of the Debentures. This press release is neither an offer to sell nor a solicitation of an offer to buy the Debentures or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Debentures or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.About i-80 Gold Corp.i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fourth largest gold mineral resource holder in the state with a pipeline of high-grade multi-stage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX). Visit www.i80gold.com for more information.



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Original: i-80 Gold Extends Deadline for Holders of Convertible Debentures to Submit Interest Conversion Election Notices

i-80 Gold Reports Fourth Quarter and Full Year 2025 Results; Continues to Advance Development PlanFebruary 19, 2026 6:02 PM
PR Newswire (US)

TORONTO, Feb. 19, 2026 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") reports its operating and financial results, as well as development highlights, for the fourth quarter and full year ended December 31, 2025.







"In 2025 we made significant progress in advancing our development plan and recapitalizing the Company's balance sheet," said Richard Young, President & CEO. We advanced technical and permitting work, as well as exploration and infill drilling programs across our gold projects in the development plan. We also completed the Lone Tree refurbishment study which underpins our hub and spoke processing strategy for our three high-grade underground mines. We are targeting to complete our recapitalization plan by the end of the first quarter, which is expected to fully fund phase one and two of our development plans while also providing flexibility and optionality for both our near-term and longer-term growth plans, at competitive costs.""As we enter 2026, we look forward to ramping up production at Granite Creek, beginning the refurbishment of our Lone Tree Plant, commencing mining at our second underground mine Archimedes, and continuing to advance our technical and permitting work on our remaining projects, in particular at Mineral Point, our large open pit heap leach project. We anticipate this year to be another transformational year for i-80 Gold," added Mr. Young.2025 FINANCIAL, OPERATING AND DEVELOPMENT HIGHLIGHTS
Three and twelve months ended December 31, 2025 compared to three and twelve months ended December 31, 2024
Unless otherwise stated, all amounts referred to herein are in U.S. dollars.Fourth QuarterRevenue from gold sales for the quarter was $21.3 million, from 5,477 ounces(1) at an average realized gold price(2) of $3,887 per ounce compared to revenues of $23.2 million from gold sales of 9,053 ounces(1) at an average realized gold price(2) of $2,560 per ounce. The Company held a higher inventory balance during the fourth quarter due primarily to the timing of third-party processing. The stockpile balance was over 6,500 recovered ounces of gold which is expected to be processed during the first quarter of 2026.Gross profit increased to $4.7 million from $1.8 million compared to the year prior, due primarily to a stronger gold price. Granite Creek generated gross profit for the second half of 2025.Net loss increased to $85.6 million compared to $17.7 million due primarily to non-cash fair value revaluations on derivative financial instruments of $21.5 million driven by stronger metal prices and the Company's increased share price. Additionally, a non-cash write-down of $26.2 million related to Lone Tree Plant assets that were identified as redundant following the completion of the related engineering study, and higher pre-development, evaluation and exploration expenses were incurred as the Company advances multiple projects. Upon declaration of mineral reserves, certain pre-development, evaluation, and exploration expenditures currently expensed will be capitalized.Adjusted loss increased to $37.8 million compared to $25.0 million due to increased spending on pre-development, evaluation and exploration expenses.Cash used in operating activities of $34.3 million increased compared to $9.2 million in the year prior as a result of increased pre-development, evaluation, and exploration expenses.Cash and cash equivalents of $63.2 million as at December 31, 2025, a decrease of $39.6 million compared to September 30, 2025, primarily due to cash used in pre-development, evaluation, and exploration expenses, capital expenditures on property, plant, and equipment primarily for the Lone Tree Plant study, the repayment of the Sprott Convertible Loan and a build up of finished goods and stockpile at year-end.Completed the Lone Tree Plant engineering study which confirmed plant design, processing capacity, and scope of work, resulting in a capital cost estimate of $412 million, inclusive of contingency, owner's cost and first fills, plus $18 million in capital spares for a total of $430 million.Year Ended December 31, 2025Revenue from gold sales increased to $95.2 million from $50.3 million in the prior year which represented 28,196 ounces(1) at an average realized gold price(2) of $3,368 per ounce, compared to gold sales of 21,527 ounces at an average realized gold price(2) of $2,332 per ounce as mining activity at Granite Creek increased.Achieved 2025 guidance with 31,930 ounces of consolidated gold output, an increase from the prior year as mining activities continued to ramp up at Granite Creek underground.Gross profit improved to $11.5 million from a gross loss of $15.7 million due to increased revenue. Granite Creek generated gross profit for the second half of 2025.Net loss of $198.8 million compared to $121.5 million in the prior year was higher due to other expenses from non-cash fair value revaluation losses, a non-cash write-down, and higher pre-development, evaluation and exploration expense as the Company advances multiple projects within its development plan partially offset by higher gross profit.Adjusted loss increased to $122.9 million from $111.2 million due to increased spending on pre-development, evaluation, and exploration expenses as the Company advanced multiple projects within its development plan, partially offset by higher gross profit.Cash used in operating activities was $83.6 million, comparable to $82.5 million in the prior year.Cash balance of $63.2 million as at December 31, 2025, an increase of $44.2 million during the year due to proceeds from the brokered and private placements and higher gross profit, partially offset by a principal repayment on the Company's Gold Prepay and Silver Purchase Agreement, along with the its convertible loan with Sprott Capital Partners.Completed approximately 37,000 meters of drilling across the portfolio, including mineral resource definition drilling at Granite Creek underground to support a planned feasibility study, technical drilling at Mineral Point open pit, infill drilling at Archimedes underground to enhance mineral resource definition ahead of mining, and resource definition and geotechnical drilling at Cove underground to support a planned feasibility study.Total Recordable Injury Frequency Rate improved to 0.62 compared to 1.27 in the year prior.Strengthened technical leadership with the appointment of a new Chief Operating Officer and added depth across core management roles in operations, technical services and permitting.Received all required permits and commenced construction for the upper level of the Archimedes underground project — the Company's second underground mine — marking a key milestone in Phase one of its development plan.Commenced early works activities for the Lone Tree Plant refurbishment under a limited notice-to-proceed, followed by the completion of the engineering study of the refurbishment design and the capital costs.Stabilized groundwater inflow at Granite Creek underground — the Company's first brownfield project to be redeveloped — through enhanced dewatering infrastructure and a predictive groundwater model, improving development and mining rates.

Three months endedDecember 31,Twelve months endedDecember 31,

2025202420252024Revenue$000s21,29023,22895,19350,335Gross profit (loss)$000s4,6841,80311,506(15,723)Net loss $000s(85,559)(17,730)(198,847)(121,533)Loss per share$/share(0.10)(0.04)(0.30)(0.34)Adjusted loss1$000s(37,779)(24,995)(122,920)(111,221)Adjusted loss per share1$/share(0.05)(0.06)(0.18)(0.31)Cash flow used in operating activities$000s(34,310)(9,223)(83,591)(82,501)Cash and cash equivalents$000s63,24019,00163,24019,001Drillingmeters13,1938,08736,51432,376Gold producedoz5,6746,35931,93026,264Gold ounces sold1oz5,4779,05328,19621,527Average realized gold price2$/oz3,8872,5603,3682,332Notes to table above:1.Gold ounces sold include attributable gold from mineralized material sales at a payable factor of 59% in 2025 (2024 - 58%).2.This is a Non-GAAP Measure; please see "Non-GAAP Financial Performance Measures" section.

DEVELOPMENT PLAN AND RECAPITALIZATION In 2025, i-80 Gold focused on advancing its three-phased development plan to create a mid-tier gold producer by the early 2030s. Phase one includes the ramp up of Granite Creek underground, the construction of the Archimedes underground mine, and the refurbishment of the Company's Lone Tree Plant which will act as a central processing facility. This phase is expected to increase i-80 Gold's production to between 150,000 to 200,000 ounces of gold(3) from less than 50,000 ounces currently. Phase two involves the development of the Cove underground project and Granite Creek open pit, which is expected to increase companywide production to between 300,000 to 400,000 ounces of gold(3). Phase three is expected to bring Mineral Point, a large open pit heap leach project, into operation increasing production levels to over 600,000 ounces of gold(3).During the year, the Company significantly strengthened its balance sheet through several financing initiatives which ultimately culminated in the significant financing package announced in February 2026. The financing package of up to $500 million consists of a royalty sale of $250 million with Franco-Nevada Corporation, and a gold prepayment facility with National Bank of Canada and Macquarie Bank Limited for an initial $150 million together with an uncommitted accordion feature for an additional $100 million(4) (collectively, the "Financing Package"). The royalty sale is subject to customary closing conditions and is anticipated to be completed on or about March 17, 2026, and closing of the prepayment facility is subject to customary closing conditions, including but not limited to, an intercreditor arrangement and is anticipated to be completed by the end of the first quarter of 2026. The Company has issued a notice of redemption of its existing convertible debentures as part of the recapitalization plan to provide the required security under the Financing Package. The Company is also contemplating the potential sale of a non-core asset and the issuance of debt or equity, or a combination thereof, to complete the recapitalization plan, which once complete, is expected to fully fund Phase one and Phase two of the development plan(3,6).Upon completion of the Financing Package, the proceeds will be used to refurbish the Lone Tree Plant, fund resource expansion and infill drilling, and advance development, technical and permitting activities across the Company's portfolio of assets, as well as for working capital purposes. The proceeds will also be used to extinguish the Company's existing debt obligations of approximately $175 million(5). The Financing Package also provides flexibility to accelerate the feasibility study and permitting work for the Mineral Point open pit project. With several feasibility studies currently in progress, we continue to identify opportunities to optimize the development schedule for Phases two and Phase three.OutlookThe Company achieved its 2025 guidance of 30,000 to 40,000 ounces, reporting 31,930 ounces of gold output, despite gold production being impacted by the timing of third-party processing. Granite Creek underground contributed 22,977 ounces within its expected range of between 20,000 to 30,000 ounces(3). The Company's two residual heap leach operations contributed 8,953 ounces of gold compared to the approximately 10,000 ounces expected in 2025. Had timing of processing by the Company's third-party processor been in line with plan, production for the year would have been at the higher end of the guidance range, given as at the end of December 2025, over 6,500 recovered ounces of gold were stockpiled at the third-party processing facility. In 2025, the Company met its expected growth expenditures of between $40 million to $50 million that is primarily recognized in pre-development, evaluation and exploration expenditures.2026 OutlookThe Company's 2026 production, operating and pre-development, evaluation and exploration cost guidance is summarized below:
2026 GuidanceProduction

Granite Creek undergroundoz30,000 - 40,000Archimedes underground and residual heap leachoz10


Operating costs

Granite Creek underground$M$110 - $120Archimedes underground$M$25 - $30


Sustaining capital$M$6 - $8


Growth capital

Lone Tree Plant$M$140 - $160Granite Creek underground - water treatment$M$10 - $15


Pre-development expense

Granite Creek underground - mine development(a)$M$20 - $25Archimedes underground - mine development$M$30 - $35


Evaluation and exploration expense

Resource expansion and infill drilling:

Granite Creek underground$M$10Archimedes underground$M$25 - $30 Mineral Point open pit$M$45 - $50


Permitting and technical$M$20 - $30Notes to table above:(a)Granite Creek mine development costs will be capitalized upon the declaration of reserves, assuming reserves will be declared in the feasibility study which is,
 expected in the second quarter of 2026.At Granite Creek, guidance is largely in line with the Preliminary Economic Assessment prepared in accordance with NI 43-101 and the corresponding Initial Assessment prepared under S-K 1300 each published in the first quarter of 2025 (collectively, the "PEA"), with some exceptions. As previously disclosed, the impact of underground water was not reflected in the PEA, resulting in (i) higher waste development rates required to catch up on development, (ii) additional capital required for dewatering infrastructure, (iii) lower grades processed in 2026 due to the delay in accessing the higher grade South Pacific Zone. Additionally, relative to the PEA, both recoveries and processing costs are higher due to the toll milling agreement entered into subsequent to the release of the PEA. Material mined is approximately 20% higher than the PEA, while mining, G&A and development and sustaining costs are in line. Step out and infill drilling budgets have been increased relative to the PEA due to the success of the 2025 program.At Archimedes, tonnes and mined grade, and development costs are largely in line with the PEA. The exception is processing costs related to the new toll milling agreement entered into following the release of the PEA. Costs related to the Archimedes feasibility study have been brought forward to 2026 versus 2028 in the PEA. This includes infill drilling costs with an additional $10 million for an exploration drift and the cost of drilling longer holes.Costs associated with pre-development activities at Mineral Point have been brought forward to 2026 from 2028. Resource expansion and infill drilling along with technical and early permitting activities are expected to total between $40 to $45 million and be funded through the portion of the proceeds from the Franco-Nevada Corporation royalty allocated to Mineral Point.Other technical work, permitting activities, and holding costs are largely in line with estimates published in the respective PEAs.This outlook, including expected results and targets, is subject to various risks, uncertainties and assumptions, which may impact future performance and the Company's ability to achieve the results and targets discussed in this section. Please refer to the "Cautionary Statement on Forward-Looking Information" section. The Company may, but is under no obligation to, update this outlook depending on changes in metal prices and other factors.Upcoming Catalysts Over the next 12 to 18 months, the Company expects to deliver the following key catalysts across its gold portfolio while also identifying opportunities to optimize the development schedule:Technical StudiesCove underground (Feasibility) — Q2 2026Granite Creek underground (Feasibility) — Q2 2026Archimedes underground (Feasibility) — Q1 2027Granite Creek open pit (Pre-feasibility/Feasibility) — Timeline under reviewMineral Point open pit (Pre-feasibility/Feasibility) — Timeline under review
Lone Tree Plant☑   Construction decision —  Positive construction decision granted by the Board early-Q1 2026Commence demolition — Q2 2026Commence construction — H2 2026Archimedes UndergroundInitiate infill drilling of lower Archimedes — Q2 2026First gold from upper Archimedes — Q4 2026Recapitalization Plan Completion of Financing Package — Q1 2026Replace its existing convertible debentures with new convertible debentures — Q1 2026Potential sale of non-core asset — ongoingOPERATIONAL AND FINANCIAL OVERVIEW
Three months ended
December 31,Year ended
December 31,(in thousands of USD)2025202420252024Revenue21,29023,22895,19350,335Cost of sales(16,350)(20,939)(81,961)(64,569)Depletion, depreciation and amortization(256)(486)(1,726)(1,489)Gross profit (loss)4,6841,80311,506(15,723)




Expenses



Pre-development, evaluation and exploration27,4199,40666,07138,430General and administrative9,5166,34629,37020,773Property maintenance3,5883,59214,19814,161Write-down of property, plant and equipment26,246—26,246—Loss from operations(62,085)(17,541)(124,379)(89,087)




Other income and expenses, net(20,201)8,094(47,202)2,003Interest expense(6,562)(7,944)(30,555)(32,951)Loss before income taxes(88,848)(17,391)(202,136)(120,035)




Deferred tax recovery (expense)3,289(339)3,289(1,498)Net loss(85,559)(17,730)(198,847)(121,533)




"Operations progressed well through the fourth quarter, closing out a busy and productive year," said Paul Chawrun, Chief Operating Officer. "At Granite Creek underground, operations are on plan with ongoing upgrades to the water management infrastructure, resulting in expected improvements to the development rates and main decline advancement in 2026. The exploration campaign to infill drill the South Pacific Zone reported strong results to enhance the resource definition and will form the basis of the upcoming feasibility study.""At Ruby Hill, development of the Archimedes underground continues to progress very well with advancement rates, infrastructure, and resource definition of the upper 426 zone ahead of plan. A key focus for the next several months will be to advance the main decline towards initiation of the exploration drift to allow for the progression of the feasibility-level technical work for Ruby Deeps and the 426 zone at depth. At Lone Tree, work has been ongoing with the initial basic engineering and the long lead procurement packages as planned, with project completion remaining for first pour by December 31, 2027, as outlined in the Class 3 engineering study announced December 2025," added Mr. Chawrun. "Looking ahead to 2026, the exploration programs include additional resource definition and exploration drilling at Granite Creek, alongside substantial drilling campaigns planned for Ruby Deeps within lower Archimedes and at Mineral Point. We expect to have another productive year as we continue to prove out the potential of our asset base," added Mr. Chawrun.Granite Creek PropertyThe Granite Creek property includes the Granite Creek underground project, a fully permitted, constructed and operating mine and the Granite Creek open pit oxide deposit adjacent to the underground project, currently in early-stage permitting and technical work. Granite Creek underground is the Company's first brownfield project to be redeveloped and is currently ramping up towards steady-state gold output.Granite Creek Property
Three months ended
December 31,Year ended
December 31,Operational Statistics
2025202420252024Oxide mineralized material minedtonnes15,49021,36970,18362,789Sulfide mineralized material minedtonnes25,7778,14871,70427,338Total oxide and sulfide mineralized material minedtonnes41,26729,517141,88790,127Oxide mineralized material mined gradeg/t11.1913.0211.1911.60Sulfide mineralized material mined gradeg/t9.019.779.088.21Low-grade mineralized material mined1tonnes19,16429,30573,47172,111Low-grade mineralized material grade1g/t3.053.082.943.03Waste minedtonnes33,80865,668140,014164,010Total material minedtonnes94,239124,489355,372326,248Processed mineralized material - sulfidetonnes4,04430,91146,78935,613Processed mineralized material - leachtonnes19,99245,68387,25480,156Total processed mineralized material  tonnes24,03676,594134,043115,769Gold produced2oz3,6054,02722,97716,382Gold sold2oz5,2265,58321,63710,961Underground mine development (pre-development)meters3292111,0881,147Drillingmeters8,315—18,9857,136





Financial Statistics
2025202420252024Mining cost (total mineralized material and waste)$/t15099156126Processing cost (processed mineralized material)$/t953113633Site general and administrative ("G&A") (total mineralized material mined3)$/t26213033Royalties$000s1,5115934,6532,507Capital expenditure4$000s2,496605,0451,138Pre-development, evaluation and exploration expenses$000s15,4435,49138,02624,428Notes to table above:1Low-grade mineralized material extracted as part of the mining process that is below cut-off grade but incrementally economic.2Gold ounces sold include attributable gold from mineralized material sales at a payable factor of 59% in 2025 (2024 - 58%).3Total mineralized material mined consists of sulfide, oxide, and low-grade mineralized material.4Capital expenditure based on accrual basis.Granite Creek UndergroundMining & ProcessingMineralized material mined at Granite Creek underground is processed as follows: (i) sulfide mineralized material is processed at a third-party processing facility and subject to a toll milling agreement entered into in March 2025, (ii) high-grade oxide mineralized material subject to an ore sales agreement, and (iii) low-grade oxide material is placed on a segregated section of the Company's Lone Tree heap leach facility.Mining activities for the current quarter and year ended December 31, 2025 exceeded the comparative prior-year periods. The outperformance was due to increased access to mineralized material from ongoing stope development, adjustments to mine sequencing, improving ground conditions and the delineation of additional high-grade areas through short-term drilling that were not included in the original resource model. Water inflows remained stable during the quarter and the upgraded pumping system continued to perform as expected. The construction of the water treatment plant is on track for completion near the end of the second quarter of 2026. The water treatment plant is designed to increase the capacity for surface water treatment and improve the management of water quality in preparation for ultimate discharge, supporting the Company's long-term groundwater management objectives and future operating stability.The Company continues to encounter elevated levels of oxide mineralized material compared to levels anticipated in the March 2025 PEA at Granite Creek. The lower-grade oxide mineralized material continues to be suitable for processing via heap leach at the Company's Lone Tree heap leach facility.During the year, the Company's stockpile of sulfide mineralized material, which is processed under a third-party toll milling agreement, reached higher than expected levels due to delays at the third-party processing facility. As at December 31, 2025, the sulfide mineralized material stockpile of over 6,500 recovered ounces of gold is expected to be processed during the first quarter of 2026.Pre-development, evaluation, and exploration expenses were $15.4 million for the three months ended December 31, 2025 and $38.0 million for the year ended December 31, 2025, which were primarily related to underground mine development and infill drilling to upgrade mineral resources.Infill DrillingInfill drilling of the South Pacific Zone was initiated in June 2025 and concluded at the end of the year. These infill drilling results successfully support the geological model, confirming the continuity and high-grade nature of the deposit. The overall program included 16,000 meters drilled over 46 holes, including six additional infill holes to test and confirm continuity of mineralization. Additionally, results from seven step-out holes reinforced the Company's belief in the potential to expand mineralization in the South Pacific Zone which could ultimately expand the Project's mine life. Assay results demonstrated robust high-grade mineralization throughout the South Pacific Zone and suggest the potential to continue to expand the South Pacific Zone to the north and at depth. Results from this drill program can be found in the most recent news release dated January 20, 2026 titled, "i-80 Gold Reports New High-grade Assay Results Reinforcing Resource Expansion Potential at Granite Creek Underground Project".This program was primarily focused on infill drilling to support the conversion of mineral resources from the inferred resource category to the indicated category to form the basis for the upcoming feasibility study and mine plan for Granite Creek underground. Results from the 2025 drill program will be combined with infill drilling data from 2023 and 2024 to produce an updated mineral resource estimate using three years of additional data and to evaluate potential production and productivity improvements as the water management improves with additional lateral extent of the mineralized zone and improved ground conditions with depth. The feasibility study is planned for completion in the second quarter of 2026.The Company is encouraged by the operating and technical improvements at Granite Creek and continues to believe this project represents significant future value. Exploration drilling is planned in 2026 to test high potential targets and additional drilling to further delineate resources.  Granite Creek Open PitFollowing the release of the Granite Creek open pit PEA, technical work has been underway to advance the project toward either a pre-feasibility or a feasibility level study. Simultaneously, technical trade off analyses are being conducted to optimize the project economics. Geotechnical and metallurgical drilling locations have been identified, and a study schedule is under management review. Geotechnical drilling in support of the selection of facility site locations was deferred in 2025 due to ongoing operating permit updates for the underground, pushing the start of drilling for the open pit project into 2026, and resulting in a timeline that is under review to optimize the future growth plan.Permitting activities for the open pit expansion progressed as planned, with initial biological baseline field studies completed in the period ending December 2025. Based on preliminary assessments of potential environmental impacts, the project may require preparation of an Environmental Impact Statement ("EIS") under the Bureau of Land Management ("BLM") process. Early-stage permitting activities will continue in 2026 followed by commencement of baseline field studies in 2027 to support the National Environmental Policy Act ("NEPA") permitting process.Ruby Hill PropertyThe Ruby Hill property includes the Archimedes underground project, the Company's second planned underground mine for which construction began during the third quarter, and the Mineral Point open pit which is a large oxide gold and silver deposit with the potential to become the Company's largest gold producing asset. During the first quarter of 2025, the Company finalized a PEA for the Ruby Hill property covering both the Archimedes underground and Mineral Point open pit.At Archimedes underground, permitting for mining above the 5100-foot level is complete. Construction has progressed above expectations and approximately 682 meters of development has been completed during the year. Infill delineation drilling of the 426 zone of upper Archimedes commenced in the fourth quarter and initiation of infill drilling in the Ruby Deeps zone of lower Archimedes is expected to commence in the second quarter of 2026, which will form the basis of a feasibility study expected in the first quarter of 2027, approximately 12 months earlier than indicated in the PEA. Predictive groundwater models for Archimedes underground have started with construction of an additional dewatering well in the first quarter of 2026. Permitting activities below the 5100-foot elevation are underway with an estimated completion by mid-2027, while reviewing opportunities to expedite the timeline.The timeframe for first gold mined is in the second half of 2026. The Company continues to leach the historic leach pads on the property recovering minor amounts of gold.Capital expenditures for the year were primarily from the construction of a maintenance shop related to the Archimedes underground access portal and purchases of light equipment.At Mineral Point open pit, the drill program that commenced in the second quarter of 2025 continued with two surface core drill rigs and completed 5,532 meters of surface core drilling during the year ended December 31, 2025. This drill program was designed to support geotechnical, metallurgical and hydrogeology studies for baseline data to advance permitting and engineering work. Mineral Point currently hosts the Company's largest gold and silver mineral resources. Due to the economic potential at Mineral Point, the Company is accelerating infill drilling and technical work to support pre-feasibility and feasibility studies. The proposed royalty financing comprising part of the Financing Package committed subsequent to December 31, 2025 contemplates $50 million available to advance these projects in 2026.Pre-development, evaluation and exploration expenditures were $8.9 million and $18.4 million for the three and twelve months ended December 31, 2025, primarily due to increased spending at the Archimedes underground project. The higher expenditure is driven by a decline advance rate that exceeded expectations, resulting in accelerated development activity and the construction of surface infrastructure.For the residual leaching process, management is focused on improving solution management and optimizing cyanide application rates with the objective of increasing production from the historic leach pad during the first quarter of 2026.Cove ProjectCove is an advanced stage exploration project and is expected to be the Company's third underground mine.National Environmental Policy Act ("NEPA") permitting activities are underway with the Bureau of Land Management ("BLM") at Cove in anticipation of an EIS. i-80 Gold is actively advancing major permit applications with the goal of aligning regulatory approvals with planned development timelines.Over the last two years, the Company completed approximately 32,992 meters of infill drilling at Cove. Drilling was conducted across the Gap and Helen zones on approximately 30-meter spacing. The result of this work advanced management's understanding of the Cove project by providing a more robust geological model, a greater understanding of the gold mineralization including continuity and grade, and increased confidence in future mineral resource delineation reinforcing the potential for a high-grade underground operation. Collectively, the program has strengthened the technical foundation required for the transition from the current PEA work towards completing a feasibility study, which is planned for completion in the second quarter of 2026 and which will replace the Cove PEA filed in March 2025.Based on this additional work, it is now anticipated that the forthcoming mineral resource estimate for Cove – to be included in the 2026 planned feasibility study – is expected to reflect a conversion of currently estimated inferred and indicated resources into higher confidence categories of resource classification. These results further validate the Company's understanding of Cove as representing a Carlin-style mineralized system with an anticipated high degree of mineral resource conversion through additional drilling.Lone Tree PlantThe Lone Tree Plant is envisioned to process material from the Company's three underground mines, Granite Creek, Archimedes, and Cove, to establish a regional hub-and-spoke mining and processing model. Upon refurbishment and commissioning as planned, the Lone Tree Plant will allow the Company to transition from toll milling to owner-operated processing. This shift is expected to materially increase operating margins and enhance free cash flow generation.During the fourth quarter, a Study was completed for the Lone Tree Plant refurbishment. The Study updates an internal feasibility study completed in 2023 to incorporate design optimizations, value engineering initiatives, a filtered tailings system, and updated cost estimates to support an improved execution strategy. A positive construction decision was made in the first quarter of 2026 with the recapitalization. Plant commissioning is anticipated at the end of 2027.The Lone Tree Plant is expected to operate at a nameplate capacity of 2,268 tonnes per day or 827,806 tonnes per annum, consistent with historic production rates. The processing circuit will incorporate an integrated pressure oxidation ("POX") and carbon-in-leach ("CIL") circuits capable of processing both refractory (sulfide) and non-refractory (oxide) mineralized material. The scope of work includes a combination of improved design components and the replacement of some existing infrastructure aimed at modernizing the Lone Tree Plant to improve process efficiency and operating flexibility, and to meet new environmental compliance standards, including the upgrade of the existing autoclave to a modern pressure oxidation circuit.The refurbishment has a capital cost estimate of $412 million, inclusive of contingency, owner's costs, and first fills, plus $18 million in capital spares for a total of $430 million. The estimate is higher than the anticipated amount of approximately $400 million, largely due to increased costs associated with inflation and engineering design details, and additional redundancy by expanding the capacity of the filtered tailings system.In August 2025, the Board of Directors approved a limited notice to proceed with detailed engineering to allow for the procurement of long-lead equipment and the details required for updating operating permits. The Lone Tree Plant is permitted for the existing operational components in use. The approval of new and revised permit applications pertaining to air quality, water pollution control, mercury abatement, and reclamation management programs for the new design remain outstanding. The Company is targeting submittal of the necessary applications for the primary environmental permits in the first quarter of 2026. Various construction activities will commence upon the approval of the associated permits.The leaching of the historic leach pad at Lone Tree continues to produce gold at profitable quantities.Capital expenditures during the year ended December 31, 2025 and in the comparative period were primarily related to the technical work to support the refurbishment of the Lone Tree Plant. FINANCIAL STATEMENTSThis press release should be read in conjunction with i-80 Gold's annual report on Form 10-K, including the audited consolidated financial statements and associated Management's Discussion and Analysis of Financial Condition and Results of Operation for the year ended December 31, 2025 included therein, which is available on the Company's website at www.i80gold.com, and under the Company's issuer profile on EDGAR at www.sec.gov and SEDAR+ at www.sedarplus.ca.CONFERENCE CALL AND WEBCASTManagement will hold a conference call and audio webcast to discuss the fourth quarter and full year highlights followed by a question-and-answer session with participants. The details are as follows:Date:                                       February 20, 2026Time:                                       10:00 a.m. ETWebcast:                                 app.webinar.net/r3PBKd1OR4q Telephone:                               1-416-945-7677Toll-free (North America):           1-888-699-1199    QUALIFIED PERSONSAll scientific and technical information contained in this press release has been reviewed, verified and compiled under the supervision of Paul Chawrun, P.Eng., member of the Professional Engineers of Ontario (PEO) and the Company's Chief Operating Officer, and Tyler Hill, CPG., Vice President Geology for the Company, each of whom is a "Qualified Person" within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and S-K 1300 and Subpart 1300 of Regulation S-K under the U.S. Securities Act of 1933, as amended.ENDNOTES(1)Gold ounces sold include attributable gold from mineralized material sales at a payable factor of 59% in 2025 (2024 - 58%).(2)This is a Non-GAAP Measure; please see "Non-GAAP Financial Performance Measures" section.(3)Consolidated gold output estimates and average annual gold output targets are based on the most recent LOM output schedules disclosed in the latest technical studies filed for each respective project and related property: Granite Creek underground project, Archimedes underground project, Cove underground project, Granite Creek open pit project, and Mineral Point open pit project. These anticipated output figures are preliminary in nature and are based on mineral resources, which do not have demonstrated economic viability, and are not mineral reserves. In addition, each of the foregoing technical reports are preliminary economic assessments/initial assessments that are preliminary in nature and each include an economic analysis that is based, in part, on inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have for the application of economic considerations applied to them that would enable them to be categorized as mineral reserves. As such, there is no certainty that the output targets will be realized. The anticipated output targets are also pending the refurbishment and commissioning of the Lone Tree Plant. The output targets presented herein are Company goals and not a projection of results and should not be taken as output guidance, unless specified. All of the Company's projects are considered exploration stage projects under S-K 1300 because the Company has not determined mineral reserves at any of its properties pursuant to S-K 1300. With respect to Granite Creek underground and Archimedes underground, located on the Ruby Hill property, the Company has started extraction activities without determining mineral reserves. The following technical reports for each project and related property have been prepared in accordance with NI 43-101: Preliminary Economic Assessment Technical Report for the Cove Project, Lander County, Nevada (March 31, 2025); Preliminary Economic Assessment Technical Report for the Granite Creek Mine Project, Humboldt County, Nevada, USA (March 31, 2025); and Preliminary Economic Assessment NI 43-101 Technical Report for the Ruby Hill Project, Eureka Country, Nevada, USA (March 31, 2025). Corresponding technical reports prepared in accordance with S-K 1300 are as follows: Initial Assessment & Technical Report Summary for the Cove Project, Lander County, Nevada (March 26, 2025); Initial Assessment of the Granite Creek Mine, Humboldt County, NV (March 26, 2025); and Initial Assessment of the Ruby Hill Project, Eureka County NV (March 29, 2025). Pending the successful development and commissioning of the Company's Lone Tree autoclave. (4)Subject to customary closing conditions and inter-creditor arrangements anticipated to be completed by the end of the first quarter of 2026.(5)The proceeds of the financing package of up to $500 million announced by press release on February 12, 2026 (the "Financing Package") will be used to retire all of the Company's existing debt obligations, including approximately $95 million to settle the Gold Prepay Agreement and the Convertible Loan with Orion Resource Partners (across various funds) with the exception of a Silver Purchase and Sale Agreement held by Orion Mine Finance Fund III (HG) Ltd. Additionally, Convertible Debentures amounting to approximately $86 million will be retired from the proceeds of the Financing Package. Convertible Debenture holders have the right to elect to convert accrued interest into i-80 Gold common shares.(6)Based on LOM gold output and capital costs outlined in the most recent LOM schedules disclosed in the latest technical studies filed for each respective project and related property: the Lone Tree Facility, Granite Creek underground, Archimedes underground, Cove underground and Granite Creek open pit when using a gold price assumption of $3,600/oz for the purposes of anticipated cash flow from operations. While the economics of the latest technical studies were completed at $2,175/oz with gold price sensitivities of up to $3,000/oz, a gold price assumption of $3,600/oz is in line with current long term consensus prices.ABOUT i-80 GOLD CORP.i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality high-grade asset portfolio. The Company is the fourth largest mineral resource holder in the state with a pipeline of three underground and two open pit projects strategically located in some of Nevada's most prolific gold-producing trends. Leveraging its central processing facility following a refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX). For more information, visit www.i80gold.com.CAUTIONARY STATEMENT ON FORWARD LOOKING INFORMATIONCertain information set forth in this press release, including but not limited to management's assessment of the Company's future plans and operations; the anticipated timing of permitting the Lone Tree Plant, including for a construction decision, construction and commissioning; the anticipated benefits of the refurbished processing plant including to cash margins and recoveries; the anticipated cost and payback period of the refurbishment plan; the perceived merit of projects or deposits; the impact, timing, and execution of the Company's new development plan; the anticipated timing of permitting, production, project development, the Financing Package comprising part of the recapitalization plan, or completion dates for feasibility studies, technical studies, and recapitalization plan; execution and timing of all asset advancements in the Financing Package and the new development plan; that ramp-up activities at Granite Creek will lead to steady state production; the Granite Creek dewatering campaign; the potential to utilize the autoclave infrastructure at the Lone Tree Plant to process mineralized material pending the outcome of the 2025 refurbishment; that Mineral Point will become the Company's largest producing asset and is expected to provide the biggest step change in company-wide production; the successful permitting of each project; the ability to further de-risk the development pipeline; the timing, completion and results of the Company's drill programs; the inclusion of drill results in future feasibility studies; that any of the projects will reach commercial production; and the Company's ability to achieve mid-tier production status; outlook on gold output; the anticipated growth expenditures; the anticipated timing of permitting, production, project development or technical studies; the timing and completion of the Financing Package, including the royalty sale with Franco-Nevada Corporation and the gold prepayment facility with National Bank of Canada and Macquarie Bank Limited; the Company's 2026 production, operating and development cost guidance; the anticipated timing for water treatment plant completion at Granite Creek; expected conversion of mineral resources to higher confidence categories at Cove; anticipated commissioning of the Lone Tree Plant by the end of 2027; the expected timing of first gold from upper Archimedes; the anticipated retirement and replacement of existing convertible debentures; and the potential sale of a non-core asset   constitutes forward looking statements or forward-looking information within the meaning of applicable securities laws.All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as  "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Readers are cautioned that the assumptions used in the preparation of information, although considered reasonable at the time of preparation, may prove to be inaccurate and, as such, reliance should not be placed on forward looking statements.The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, if any, that the Company will derive therefrom. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including general economic and industry conditions, volatility of commodity prices, title risks and uncertainties, the ability to access sufficient capital from internal and external sources such as selling assets, restructuring debt or obtaining additional equity capital on terms that may be onerous or highly dilutive. The Company's ability to refinance its indebtedness will depend on the capital markets and its financial condition at such time, currency fluctuations, construction and operational risks, licensing and permit requirements, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, imprecision of mineral resource, or production estimates. Additional risks include uncertainties related to completion of the Financing Package and satisfaction of customary closing conditions; risks associated with the refurbishment of the Lone Tree Plant, including cost overruns and construction delays; risks related to third-party toll milling arrangements and processing delays; uncertainties regarding water management and groundwater inflows at Granite Creek; risks related to the conversion of mineral resources and the results of feasibility studies; and the ability of the Company to retire and replace existing debt obligations on favorable terms. Please see "Risks Factors" in the Form 10-K for the fiscal year ended December 31, 2024 for more information regarding risks pertaining to the Company, which is available on EDGAR at www.sec.gov/edgar and SEDAR+ at www.sedarplus.ca. Readers are encouraged to carefully review these risk factors as well as the Company's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. All forward-looking statements contained in this press release speak only as of the date of this press release or as of the dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law.Additional information relating to i-80 Gold can be found on i-80 Gold's website at www.i80gold.com, SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov/edgar.NON-GAAP FINANCIAL PERFORMANCE MEASURESThe Company has included certain terms or performance measures commonly used in the mining industry that are not defined under US GAAP in this document. These include adjusted loss, adjusted loss per share, and average realized price per ounce. Non-GAAP financial performance measures do not have any standardized meaning prescribed under US GAAP, and therefore, they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures prepared in accordance with US GAAP and should be read in conjunction with the Company's Financial Statements.Definitions"Average realized gold price" per ounce of gold sold is a non-GAAP measure and does not constitute a measure recognized by US GAAP Accounting Standards and does not have a standardized meaning defined by US GAAP Accounting Standards. It may not be comparable to information in other gold producers' reports and filings. Management believes this non-GAAP measure improves the understanding of revenue."Adjusted loss" and "adjusted loss per share" are non-GAAP financial performance measures that the Company considers to better reflect normalized earnings because it eliminates temporary or non-recurring items such as: (loss) gain on warrants, gain (loss) on Convertible Loans, and loss on fair value measurement of Gold Prepay Agreement and Silver Purchase Agreement. Adjusted loss per share is calculated using the weighted average number of shares outstanding under the basic calculation of earnings per share.Average realized gold price per ounce of gold sold(2)
Three months endedDecember 31,Year endedDecember 31,(in thousands of U.S. dollars, unless otherwise noted)2025202420252024Consolidated



Revenue21,29023,22895,19350,335Silver revenue(3)(53)(223)(125)Gold revenue21,28723,17594,97050,210Gold sold¹5,4779,05328,19621,527Average realized gold price ($/oz)3,8872,5603,3682,332




Lone Tree



Revenue35,02814,42916,534Silver revenue (3)(53)(48)(82)Gold revenue—4,97514,38116,452Gold sold—1,8594,4616,948Average realized gold price ($/oz)N/A2,6763,2242,368




Ruby Hill



Revenue9914,1777,1898,409Silver revenue——(175)(43)Gold revenue9914,1777,0148,366Gold sold2511,6112,0983,618Average realized gold price ($/oz)3,9482,5933,3432,312




Granite Creek



Revenue20,29614,02373,57525,392Gold ounces sold15,2265,58321,63710,961Average realized gold price ($/oz)3,8842,5123,4002,317Note to table above:1. Gold ounces sold include attributable gold from mineralized material sales at a payable factor of 59% in 2025 (2024 - 58%) Adjusted loss(2)Adjusted loss and adjusted loss per share exclude a number of temporary or one-time items detailed in the following table:
Three months endedDecember 31,Year endedDecember 31,(in thousands of U.S. dollars, unless otherwise noted)2025202420252024Net loss $           (85,559)$           (17,730)$         (198,847)$         (121,533)Adjust for:



Write-down of property, plant and equipment(26,246)—(26,246)—Loss on Silver Purchase Agreement and embedded (7,973)(3,318)(14,575)(9,897)(Loss) gain on fair value measurement of warrant liability(12,833)8,293(17,959)8,981Loss on Gold Prepay Agreement and embedded derivative(1,275)(77)(16,158)(7,990)Gain (loss) on fair value measurement of Convertible 5473,375(989)11,799Loss on deferred consideration———(102)Inventory NRV adjustment—(1,008)—(13,103)Total adjustments$           (47,780)$               7,265$           (75,927)$           (10,312)Adjusted loss(37,779)(24,995)(122,920)(111,221)Weighted average shares 825,885,244396,433,803671,730,323359,206,859Adjusted loss per share$               (0.05)$               (0.06)$               (0.18)$               (0.31)Adjusted loss is higher for the three months and year ended December 31, 2025, compared to the prior year periods due to increased pre-development, evaluation and exploration expenses partially offset by higher gross profit.



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Original: i-80 Gold Reports Fourth Quarter and Full Year 2025 Results; Continues to Advance Development Plan

i-80 Gold Secures Financing Package of up to $500 Million to Advance Development PlanFebruary 12, 2026 7:17 AM
PR Newswire (US)

Recapitalization plan anticipated to close by the end of the first quarter 2026 All amounts referenced herein are expressed in United States dollars unless otherwise stated.TORONTO, Feb. 12, 2026 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") is pleased to announce that it has secured a financing package (the "Financing Package") of up to $500 million, comprised of a royalty sale for $250 million and a gold pre-payment facility for up to $250 million. The Financing Package marks a significant milestone in achieving the Company's recapitalization plans.The proceeds of the Financing Package, combined with the previously disclosed equity offerings completed by the Company in the second quarter of 2025(1) (the "Equity Offerings"), represent over $800 million in funding to support i-80 Gold's objective of creating a mid-tier gold producer in Nevada. The final steps to complete the recapitalization plan targeting an overall amount of $900 million to $1 billion, include the Company's plan to retire and replace its existing convertible debentures with new convertible debentures on terms more favourable to the Company and the potential sale of a non-core asset. This is expected to fully fund Phase 1 and Phase 2 of the development plan(2,3), which is expected to increase annual production to approximately 300,000 – 400,000 ounces of gold(3) from less than 50,000 ounces currently, driven by the Company's three underground mines and one oxide open pit operation all located in Nevada (see Figure 1 in Appendix).Highlights Franco-Nevada Corporation ("Franco-Nevada") commitment letter to provide $250 million in royalty financing, of which $225 million is expected to be available at closing.National Bank of Canada ("National Bank") and Macquarie Bank Limited ("Macquarie") commitment to provide a gold prepayment facility (the "Gold Prepay" or the "Facility") for an initial advance of $150 million at closing, with an accordion feature for a further $100 million.The proceeds of the Financing Package will be used to advance the Company's five gold projects through various stages of development, refurbish the Lone Tree Plant, and fund resource expansion and infill drilling, as well as for working capital purposes.The proceeds of the Financing Package will also be used to extinguish the Company's existing debt obligations of approximately $175 million(4).The Company continues to advance the potential sale of a non-core asset and plans to replace the existing convertible debentures to complete the recapitalization plan."In 2024, we announced a three-phase development plan to increase production to more than 600,000 ounces of gold(3) to provide a clear and achievable path to positioning i-80 Gold as a mid-tier gold producer, alongside a plan to recapitalize the Company to support this growth strategy," said Richard Young, President and CEO. "Since then, we have significantly de-risked and advanced each asset, and we are now pleased to outline a clear financial path to fully fund Phase 1 and Phase 2(2,3). With Granite Creek underground in operation, we are positioned to advance Archimedes and Cove underground projects plus Granite Creek open pit through to operation, complete the refurbishment of our central Lone Tree Plant, and continue to invest in exploration."Mr. Young added, "The Financing Package also provides flexibility to accelerate the feasibility study and permitting work for the Mineral Point open pit project – our flagship asset and the final project planned in Phase 3. With several feasibility studies in progress, we continue to identify opportunities to optimize the development schedule."Franco-Nevada RoyaltyThe Company has entered into a commitment letter with Franco-Nevada for $250 million in financing in exchange for a 1.5% life-of-mine ("LOM") net smelter return royalty, stepping up to a 3.0% LOM net smelter return royalty on January 1, 2031 (the "Royalty Financing"). The Royalty Financing is subject to customary closing conditions and is anticipated to be completed on or about March 17, 2026. The royalty payable to Franco-Nevada pursuant to the Royalty Financing would apply to production from all mineral properties in the portfolio, including Granite Creek, Cove, the Ruby Hill Complex and Lone Tree.Upon closing of the Financing Package, $225 million of the Royalty Financing will be made available to the Company, of which $25 million is required to be allocated to the advancement of technical and early-stage permitting activities for Mineral Point in 2026. The remaining $25 million of the Royalty Financing is also expected to be made available in 2026 to further advance Mineral Point, following the expenditure of the initial disbursement toward the project. In total, the Financing Package allows the Company to allocate $50 million to advance resource expansion and infill drilling, technical and early-stage permitting activities at Mineral Point in 2026.Gold Prepayment Facility The Company has secured commitments for a Gold Prepay facility with National Bank and Macquarie, for an initial advance of $150 million at closing, with a $100 million accordion feature. Upon the closing of the Financing Package, the Company will have access to $150 million(5), with the obligation to deliver 39,978 ounces of gold over a 30-month period beginning in January 2028. The accordion feature provides access to an additional $100 million for a 24-month period upon closing of the Facility, subject to customary conditions and lender approval. The Company anticipates executing the accordion feature in the first half of 2027, at which point the number of additional gold ounces to be delivered will be determined. The Company expects the total ounces to be delivered for the full $250 million facility to represent approximately 15% of total gold output over the projected period of January 2028 to June 2030. Closing of the Facility is subject to customary closing conditions and intercreditor arrangements and is anticipated to be completed by the end of the first quarter of 2026.Further, i-80 Gold selected the Facility with National Bank and Macquarie with a goal of transitioning the Gold Prepay into a corporate revolver following the completion of Phase 1 to fund the development of Mineral Point. Mineral Point currently hosts the Company's largest gold and silver mineral resources and is designed to be a large-scale oxide open pit heap leach project. Mineral Point represents Phase 3 of the development plan and its Preliminary Economic Assessment filed in Q1 2025 outlined a 17-year mine life with a LOM gold equivalent output of 282,000 ounces annually(6). Assuming development as contemplated in the Preliminary Economic Assessment, Mineral Point is expected to drive company-wide gold output beyond a target of 600,000 ounces annually starting in 2032(3), representing a significant change in the Company's output profile (see Figure 2 in Appendix)."The commitments from Franco-Nevada, National Bank and Macquarie, following a detailed due diligence process, underscore the quality of our asset base, the depth of our team, and the credibility of our execution plan," said Ryan Snow, Chief Financial Officer. "After a competitive process, in which multiple term sheets were received and considered by the Company, the Financing Package represents a cost competitive, low dilution opportunity, while providing flexibility around the timing and the availability of capital to support our sequenced development plans across all three phases in our development plan. We are pleased to be working with long-term financial partners who are recognized in the mining sector and support our growth strategy."This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.  The securities referenced in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States or for the account or benefit of U.S persons absent registration under the Securities Act or an applicable exemption from registration under the Securities Act.Advisors National Bank Capital Markets and SCP Resource Finance LP are acting as advisors in connection with the Royalty Financing. ATB Cormark Capital Markets and National Bank Capital Markets are acting as advisors in connection with a senior debt facility which resulted in the Gold Prepay. Stikeman Elliott LLP and Dorsey & Whitney, LLP are acting as legal advisors to the Company in connection with the Financing Package.Technical Disclosure and Qualified PersonsThe technical information contained in this press release has been prepared under the supervision of, and has been reviewed and approved by Paul Chawrun P.Eng., Chief Operating Officer, and Tyler Hill CPG., Vice President, Geology for the Company, each of whom are qualified persons within the meaning of National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and Subpart 1300 of Regulation S-K ("S-K 1300").Endnotes(1)In May 2025, the Company completed a public offering of 345,760,000 units at $0.50 per unit for gross proceeds of $172,880,000, including exercise of the over-allotment option. Each unit consisted of one common share and one-half of one common share purchase warrant exercisable at $0.70 until November 16, 2027. A concurrent private placement for 22,240,000 units under the same terms generated $11,120,000 for aggregate gross proceeds of approximately $184,000,000, with up to $130,000,000 in additional proceeds assuming full exercise of the warrants over the next 18 months.

(2)Based on LOM gold output and capital costs outlined in the most recent LOM schedules disclosed in the latest technical studies filed for each respective project and related property: the Lone Tree Facility, Granite Creek underground, Archimedes underground, Cove underground and Granite Creek open pit when using a gold price assumption of $3,600/oz for the purposes of anticipated cash flow from operations. While the economics of the latest technical studies were completed at $2,175/oz with gold price sensitivities of up to $3,000/oz, a gold price assumption of $3,600/oz is in line with current long term consensus prices.

(3)Consolidated gold output estimates and average annual gold output targets are based on the most recent LOM output schedules disclosed in the latest technical studies filed for each respective project and related property: Granite Creek underground project, Archimedes underground project, Cove underground project, Granite Creek open pit project, and Mineral Point open pit project. These anticipated output figures are preliminary in nature and are based on mineral resources, which do not have demonstrated economic viability, and are not mineral reserves. In addition, each of the foregoing technical reports are preliminary economic assessments/initial assessments that are preliminary in nature and each include an economic analysis that is based, in part, on inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have for the application of economic considerations applied to them that would enable them to be categorized as mineral reserves. As such, there is no certainty that the output targets will be realized. The anticipated output targets are also pending the refurbishment and commissioning of the Lone Tree Plant. The output targets presented herein are Company goals and not a projection of results and should not be taken as output guidance. All of the Company's projects are considered exploration stage projects under S-K 1300 because the Company has not determined mineral reserves at any of its properties pursuant to S-K 1300. With respect to Granite Creek underground and Archimedes underground, located on the Ruby Hill property, the Company has started extraction activities without determining mineral reserves. The following technical reports for each project and related property have been prepared in accordance with NI 43-101: Preliminary Economic Assessment Technical Report for the Cove Project, Lander County, Nevada (March 31, 2025); Preliminary Economic Assessment Technical Report for the Granite Creek Mine Project, Humboldt County, Nevada, USA (March 31, 2025); and Preliminary Economic Assessment NI 43-101 Technical Report for the Ruby Hill Project, Eureka Country, Nevada, USA (March 31, 2025). Corresponding technical reports prepared in accordance with S-K 1300 are as follows: Initial Assessment & Technical Report Summary for the Cove Project, Lander County, Nevada (March 26, 2025); Initial Assessment of the Granite Creek Mine, Humboldt County, NV (March 26, 2025); and Initial Assessment of the Ruby Hill Project, Eureka County NV (March 29, 2025).

(4)The proceeds of the Financing Package will be used to retire all of the Company's existing debt obligations, including approximately $95 million to settle the Gold Prepay Agreement and the Convertible Loan with Orion Resource Partners (across various funds) with the exception of a Silver Purchase and Sale Agreement held by Orion Mine Finance Fund III (HG) Ltd. Additionally, Convertible Debentures amounting to approximately $86 million will be retired from the proceeds of the Financing Package. Convertible Debenture holders have the right to elect to convert accrued interest into i-80 Gold common shares.

(5)Under the terms of the Gold Prepay, a condition precedent to the drawdown is a fully funded base case model following the completion of the recapitalization plan.

(6)Gold equivalent ounces ("AuEq oz") defined as recovered Au oz plus recovered Ag oz times the price ratio of Ag to Au. AuEq = Au recovered oz + [(Ag recovered oz) x ($27.25/$2,175)].  LOM overall recoveries for Au and Ag in respect of the Mineral Point are 78% and 41% respectively. Output defined as process recovered ounces. The preliminary economic assessment for Mineral Point, titled "NI 43-101 Technical Report Preliminary Economic Assessment of the i-80 Gold Corp. Ruby Hill Project, Eureka County, NV," was filed on March 31, 2025, and was prepared in accordance with NI 43-101. The initial assessment for Mineral Point, titled "S-K 1300 Technical Report Summary Initial Assessment of the i-80 Gold Corp. Ruby Hill Project, Eureka County, NV," was filed on April 1, 2025, and was prepared in accordance with S-K 1300. The reports are accessible under the Company's issuer profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, as applicable, as well as on the Company's website at www.i80gold.com.About i-80 Gold Corp.i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fourth largest gold mineral resource holder in the state with a pipeline of high-grade multi-stage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX:IAU) and the NYSE American (NYSE:IAUX). For more information, visit www.i80gold.com.Cautionary Statement Regarding Forward Looking InformationThis press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as  "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Readers are cautioned that the assumptions used in the preparation of information, although considered reasonable at the time of preparation, may prove to be inaccurate and, as such, reliance should not be placed on forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding , management's assessment of the Company's future plans and operations; expectations regarding the timing, execution and results of completing of Phase 1 and Phase 2 of the development plan and the recapitalization plan; expectations regarding the anticipated closing of the Financing Package; expectations regarding the Company's plan to retire and replace its existing convertible debentures with new convertible debentures on terms more favourable to the Company; expectations regarding the anticipated execution of the accordion feature under the Facility; expectations regarding annual gold output increasing to a range of between 300,000 to 400,000 ounces of gold driven by three underground mines and one open pit oxide operation; refurbishment of the Lone Tree autoclave processing facility; completion of the recapitalization plan; the expected transition to creating a leading mid-tier gold producer in Nevada; expectations regarding the advancement of the Mineral Point project; management's assessment of the Mineral Point project;  and the ability to execute a sale of the Company's non-core asset. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, if any, that the Company will derive therefrom. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including general economic and industry conditions, volatility of commodity prices, title risks and uncertainties, uncertainty in geological, metallurgical and geotechnical studies and opinions, and ability to access sufficient capital from internal and external sources  such as selling assets, restructuring debt or obtaining additional equity capital on terms that may be onerous or highly dilutive. The Company's ability to refinance its indebtedness will depend on the capital markets and its financial condition at such time, currency fluctuations, construction and operational risks, licensing and permit requirements, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, imprecision of mineral resource, or production or gold output estimates.  The Company's ability to complete the Financing Package will depend on its ability to satisfy the closing conditions required in such transactions.  Please see "Risks Factors" in the Form 10-K for the fiscal year ended December 31, 2024 and subsequent quarterly reports on Form 10-Q for more information regarding risks pertaining to the Company, which is available on EDGAR at www.sec.gov/edgar and SEDAR+ at www.sedarplus.ca. Readers are encouraged to carefully review these risk factors as well as the Company's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. All forward-looking statements contained in this press release speak only as of the date of this press release or as of the dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law.Additional information relating to i-80 Gold can be found on i-80 Gold's website at www.i80gold.com, SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov/edgar. The information included on, or accessible through, the Company's website is not incorporated by reference into this press release.APPENDIXFigure 1: i-80 Gold's three-phase development plan for its Nevada-based assets.Figure 2: Anticipated average annual gold output. 










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Original: i-80 Gold Secures Financing Package of up to $500 Million to Advance Development Plan

i-80 Gold Strengthens Board of Directors with the Addition of Ronald Butler Jr., Michael Jalonen, and Steven YoppsJanuary 29, 2026 5:12 PM
PR Newswire (Canada)

TORONTO, Jan. 29, 2026 /CNW/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold", or the "Company") is pleased to announce the appointment of Ronald Butler Jr., Michael Jalonen and Steven Yopps to its Board as independent directors, effective February 1, 2026. These additions strengthen the Company's governance with deep experience in mining operations, finance, mineral processing, and capital markets. This collective experience will support i-80 Gold in achieving its growth strategy in Nevada. Following their appointments, the Board will be comprised of nine members.







"Ron, Mike, and Steve each bring highly relevant experience and proven track records across their respective fields, including financial leadership, deep capital markets knowledge, and autoclave and refractory processing expertise, making them strong additions to i-80 Gold's Board of Directors," said Ron Clayton, Chairman of the Board. "I am confident their expertise will provide valuable insight and guidance as the Company executes its development plan spanning five gold projects and the refurbishment of our Lone Tree autoclave processing facility to create long-term value for shareholders. These appointments reflect our ongoing effort to ensure that the Board maintains the technical, financial, and strategic skills and experience required to support the Company as we advance toward becoming a leading mid-tier gold producer in Nevada. On behalf of the Board, we are pleased to welcome three directors of this caliber."Ronald Butler Jr.Ronald Butler Jr. is a Certified Public Accountant (CPA) with more than 30 years of experience in audit, financial and strategic planning, operational excellence, digital transformation, and corporate governance across industries including mining and metals, energy, technology, and consumer products. Mr. Butler spent 29 years with Ernst & Young LLP (EY) in Arizona, most recently serving as Managing Partner from 2008 until his retirement in 2024. From 2022 to 2024, he also served as EY's U.S. Mining & Metals Leader, where he led national strategy and drove client and business growth, advising major mining companies such as Freeport-McMoRan and Newmont Corporation. As Managing Partner, Mr. Butler led EY Arizona's growth initiatives and strategic ventures, including public-sector programs focused on cost reduction, grants management, real estate optimization, and technology enablement. He also served on the Executive Committee for the City of Phoenix's US$500 million General Obligation Bond Program and was a senior member of EY's West Region Executive Leadership Team. During his tenure, he oversaw more than 500 professionals and advised a broad range of midsize and multinational public and private companies. Mr. Butler holds a BSc in Accountancy from the University of Arizona.Michael Jalonen Michael Jalonen is a Chartered Financial Analyst (CFA) with nearly 40 years of mining and capital markets experience, including over 30 years as a highly respected mining analyst at Bank of America Securities (BofA). He served as Managing Director and North American Senior Precious Metals Research Analyst until his retirement in 2022 and was consistently ranked among the leading mining analysts in North America. In this role, Mr. Jalonen led coverage and investment recommendations for 30 senior and intermediate precious metals producers, as well as royalty and streaming companies. He developed detailed operating and financial models, performed valuation analyses, and authored numerous thematic industry reports. Prior to that, Mr. Jalonen served as Global Coordinator for BofA's Metals, Mining & Steel Research Team, overseeing a global group of analysts, publishing thematic research on precious and base metals, and organizing the firm's flagship global mining conference. He began his career as a geologist. Mr. Jalonen holds an MBA in Finance from the DeGroote School of Business and a BSc (Hons) in Geology from the University of Windsor.Steven YoppsSteven Yopps is a metallurgical engineer and accomplished mining executive with more than 35 years of operational, technical, project development, and regulatory experience across Nevada's premier gold districts. His career spans senior roles at AngloGold Ashanti, Nevada Gold Mines, and Barrick Mining, where he led large-scale autoclave, roaster, and refractory processing operations, advanced complex feasibility studies, and executed district-level growth strategies that transformed regional mining portfolios.Most recently, Mr. Yopps served as Vice President of Nevada Projects for AngloGold Ashanti through to his retirement in 2025. In this role, he led technical and exploration teams who were responsible for growing the Nevada resource base, advancing the feasibility study and NEPA permitting for the North Bullfrog project, and supporting the integration of acquisitions within the Beatty district to establish a top-tier mining district in southern Nevada. Previously, Mr. Yopps was Manager of Growth Projects for Nevada Gold Mines ("NGM"), where he led the long-term processing and refractory ore transportation strategy following the Newmont–Barrick joint venture, multiple pre-feasibility studies at Cortez, and refractory ore research and development programs. He has authored peer-reviewed research on Carlin-type refractory gold processing and pressure oxidation technologies.Prior to his role at NGM, he spent more than 25 years in senior technical and operational roles, including serving as General Manager of the Ruby Hill Mine (currently i-80 Gold's wholly owned Ruby Hill property) and managing Goldstrike's autoclave, roaster, and mill facilities for more than a decade, delivering best-in-class safety and operational performance. Mr. Yopps holds a BSc and MSc in Metallurgical Engineering from the Colorado School of Mines and is a Qualified Person recognized by the Mining & Metallurgical Society of America.About i-80 Gold Corp.i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fourth largest gold mineral resource holder in the state with a pipeline of high-grade development and production-stage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX:IAU) and the NYSE American (NYSE:IAUX). For more information, visit www.i80gold.com.Cautionary Statement Regarding Forward Looking InformationCertain information set forth in this press release, including but not limited to management's assessment of the Company's future plans and operations, expectations regarding the timing, execution and results of the Company's gold output, development plan, refurbishment of the Lone Tree autoclave processing facility, and the Company's expected transition to creating a leading mid-tier gold producer in Nevada constitute forward looking statements or forward-looking information within the meaning of applicable securities laws. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as  "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Readers are cautioned that the assumptions used in the preparation of information, although considered reasonable at the time of preparation, may prove to be inaccurate and, as such, reliance should not be placed on forward-looking statements. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, if any, that the Company will derive therefrom. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including general economic and industry conditions, volatility of commodity prices, title risks and uncertainties, uncertainty in geological, metallurgical and geotechnical studies and opinions, and ability to access sufficient capital from internal and external sources  such as selling assets, restructuring debt or obtaining additional equity capital on terms that may be onerous or highly dilutive. The Company's ability to refinance its indebtedness will depend on the capital markets and its financial condition at such time, currency fluctuations, construction and operational risks, licensing and permit requirements, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, imprecision of mineral resource, or production estimates. Please see "Risks Factors" in the Form 10-K for the fiscal year ended December 31, 2024 for more information regarding risks pertaining to the Company, which is available on EDGAR at www.sec.gov/edgar and SEDAR+ at www.sedarplus.ca. Readers are encouraged to carefully review these risk factors as well as the Company's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. All forward-looking statements contained in this press release speak only as of the date of this press release or as of the dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law.Additional information relating to i-80 Gold can be found on i-80 Gold's website at www.i80gold.com, SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov/edgar. The information included on, or accessible through, the Company's website is not incorporated by reference into this press release.



View original content to download multimedia:https://www.prnewswire.com/news-releases/i-80-gold-strengthens-board-of-directors-with-the-addition-of-ronald-butler-jr-michael-jalonen-and-steven-yopps-302674555.htmlSOURCE i-80 Gold Corp

Original: i-80 Gold Strengthens Board of Directors with the Addition of Ronald Butler Jr., Michael Jalonen, and Steven Yopps

i-80 Investor Relations reply received in regards to an e-mail I sent as a concerned shareholder regarding the recent major dilution of shares. I'll share the reply here since there is nothing discussed (to my knowledge) that is not public information:

"We understand the equity offering is difficult for existing shareholders. Dilution was a key concern for us throughout this process, but with the financing now complete, we are in a much stronger position to execute on the development plan, and we share your excitement in i-80’s potential.

Since joining, Richard has approached his decisions with a clear focus on building long-term value. The company needed a reset with a clear development path forward along with a cleaner balance sheet. Issuing five PEAs in a short period of time was no easy feat, but one he was determined to do in order to demonstrate the full value of i-80’s gold portfolio to the market. The $1.6B in combined project value was outlined at the investor day, along with the capital requirements to advance the portfolio.

Under the recapitalisation plan, the team is evaluating potential royalty sales for Mineral Point and the autoclave, along with the sale of our non-core FAD property. Further, we are targeting a senior debt facility in mid-2026 aligned with the maturity of the Orion convertible loan. In the interim, we secured a modest working capital facility with Auramet and a new gold and silver prepay arrangement with National Bank to meet the March-end obligations. While these steps provided important near-term support, additional capital was still required.

Raising equity of this size was not a preferred outcome, however, a modest raise would not have addressed our near-term repayment obligations and development plans. The focus shifted to raising sufficient capital to eliminate the gold and silver prepays, meaningfully advance our development plan, and position i-80 Gold to make the critical transition from an exploration-stage company to a true developer. Otherwise, we anticipated ongoing overhang on the stock due to market expectations of another equity raise.

The decision to include a warrant was also not preferred. We launched the offering without one, however, a key account came forward during the process with a large lead order should a warrant be introduced.

To secure the full $150 million required, we ultimately needed to accept the unit structure and upsize the book. Without a firm lead order in place, this was the most viable path to ensure the financing’s success.

Slide 8 of the current investor presentation outlines the use of proceeds towards resettling prepay arrangements and advancing the development plan.

I hope this provides helpful context on how events unfolded and reinforces that management remains focused on making the strategic decisions necessary to drive long-term value.

Regards,"

3800ft here from i-80 Gold yahoo msg board (explanation follows). Firstly, I'm a large shareholder in i-80 Gold and have been so for over 2 years now. I am excited about the new team that is in place, but quite disappointed in the heavy dilution the company is in the process of using to raise significant funds. The dilution is now getting ready to happen after company CEO Richard Young stated publicly on quite a few occasions he would minimize dilution for the shareholders. Now he is in the process of doubling the outstanding share count. I'm excited about the company location (Nevada), glad to have the experienced management team in place, but not excited about the dilution of shares now in progress that we, as shareholders, were told would be minimized. I was a regular poster on the i-80 Gold yahoo message board, but their weird AI bot filter or whatever it is has blocked me from posting and actually deleted many of my posts. I posted honest, clean posts that were neither pumping the company nor derogatory towards the company.....just honest and factual posts in a sincere effort to share with others on the board. I'm not the only one that has had issues with posts being deleted on many yahoo boards......not a user friendly environment at all. If anyone reads this post, or can share this message with Chris Murray, marty, or some of the other regular and nice posters over there -----can you please relay the message that I'm still a shareholder in the company, I have not sold my shares and I am not able to post on the board there, but I can still read the postings. I’d love to see Chris Murray, marty and others sign up here and post on the iHub board as I know they and others have had repeated issues with their honest and intelligent posts on the other board. I used to be a moderator for a msg board here on iHub years ago and find this board much more user friendly. Maybe we can get some useful comments started here regarding i-80 Gold and get this board more up to date with current happenings. Best wishes to those here invested in i-80 Gold, I’d be interested in your take on the recent happenings with the company. I reached out to investor relations several days ago and received a personal e-mail (not auto-generated) that they would be following up with me……have not heard anything additional from them yet. If I do, I’ll share their response here. Good luck to all! 😃

I80 Gold confirms that it is completely screwing the pooch by not getting out from under their death spiral financing!
https://ih.advfn.com/stock-market/AMEX/i-80-gold-IAUX/stock-news/95257700/i-80-gold-completes-conditions-to-amend-and-restat

Resource is way too deep to start a new mine with any capital position. xD

i-80 Gold Updates from Dr. Quinton Hennigh



https://www.i80gold.com/wp-content/uploads/2024/08/i-80-Presentation-August-2024.pdf

Weekly Chart

IAUX...............................................https://stockcharts.com/h-sc/ui?s=IAUX&p=W&b=5&g=0&id=p86431144783

IAUX....................................https://stockcharts.com/h-sc/ui?s=IAUX&p=W&b=5&g=0&id=p86431144783

The discovery made here is jewelry box gold over an impressive area.
Keep in mind this is NOT the massive anomaly that exists under Archimedes
Pit which is thought to be a porphyry with gold/copper. My guess is that the
entire area around Ruby Hill and the recently acquired FAD deposit may be
full of many high grade gold surprises. The stock price here sucks! This may
be a fantastic buy at under $2 but it may take some time for everything to
play out. That does not exclude a big-boy mining company taking over
this company which looks like it could be a real big winner.

$IAUX - 👆Up 5.8% Pre-Market/ Current Price $2.17
👉Discovers High-Grade Gold-Sulphide Zone at Ruby Hill - 8/2
👉Closes C$36.8 Million "Bought Deal" Private Placement, Including Full Exercise of the Underwriters' Option - 08/1

i80 Gold CEO Interview

3rd Qtr Results Presentation




https://www.i80gold.com/PDF/web/viewer.html?file=https://www.i80gold.com/wp-content/uploads/2022/11/i-80-Q3-2022-Webcast-Conference-Call-Presentation_FINAL.pdf

Link to the replay: https://app.webinar.net/XGDgY2P3lMp

Q3 2022 call and transcript

https://seekingalpha.com/article/4557035-iminus-80-gold-corporation-iaux-q3-2022-earnings-call-transcript

In it to win it :)