#United States #stock offering #Reno #i-80 Gold #Nevada Mining

i-80 Gold Corp. Sets Pricing for Prospectus Offering

RENO, NV - i-80 Gold Corp. (TSX: IAU, NYSE: IAUX), a prominent Nevada-focused mining company, has announced the pricing for its recent prospectus offering of common shares. The company aims to raise significant funds — specifically, US$10 million — to further develop its mining projects across Nevada. The shares will be offered at a price of C$0.80 each.

The funds generated from this offering are intended to primarily support the ongoing development of its existing projects and to enhance working capital for corporate purposes. This initiative aligns with i-80 Gold's strategic plan, which is geared toward transitioning into a mid-tier gold producer in Nevada.

The offering is managed under a prospectus supplement that was recently filed with the appropriate securities regulatory authorities in various Canadian provinces and territories, excluding Québec. Additionally, the company has submitted the relevant filings to the U.S. Securities and Exchange Commission (SEC), adhering to the requirements set forth in its registration statement on Form F-10.

As i-80 works towards this ambitious financial goal, it remains contingent upon acquiring the necessary regulatory approvals. The company is awaiting clearance from both the Toronto Stock Exchange (TSX) and the NYSE American before it can proceed with the offering, along with fulfilling its customary closing conditions. Importantly, there will be no commissions or finder’s fees associated with this offering, allowing for a straightforward funding mechanism.

Potential investors are strongly encouraged to review the Canadian Shelf Prospectus and U.S. Shelf Prospectus to gain a comprehensive understanding of the offering and the company’s capabilities. For those interested, these documents are accessible via i-80 Gold's profiles on SEDAR+ and EDGAR, or by directly contacting the company’s Corporate Secretary, Jacklynn Hunt.

The announcement comes at a pivotal moment as i-80 Gold navigates its second phase of capital restructuring, aimed at unlocking the inherent value of its gold deposits in Nevada. This phase is scheduled for completion on or about March 31, 2025.

About i-80 Gold Corp.

i-80 Gold stands out as one of the key players in Nevada’s mining industry, recognized for holding the third-largest gold mineral resources in the state. The company has been making strides in revitalizing its operations to increase productivity and market share. Looking ahead, i-80 Gold has aspirations of becoming a significant challenger in the mid-tier gold production sector.

In addition to the prospectus offering, i-80 Gold is actively pursuing various strategies aimed at enhancing operational efficiency and expanding its project portfolio. Stakeholders have expressed optimism regarding the company’s focused approach in the resource-rich Nevada region, which promises substantial growth opportunities.

Forward-Looking Statements
The management at i-80 Gold Corp. has acknowledged that there are elements of uncertainty involved with partaking in the offering, particularly concerning regulatory timelines and market conditions. Statements regarding the anticipated closure of the offering and the use of proceeds are forward-looking and should be interpreted with caution. They do not guarantee results, as various factors could influence the future performance of the company and its projects.

For further information about i-80 Gold Corp. and its operations, please visit www.i80gold.com or contact the Corporate Secretary via email.