i-80 Gold Corp Successfully Completes Upsized Common Shares Offering in Canada and the U.S.

i-80 Gold Corp Successfully Completes Upsized Common Shares Offering

On January 31, 2025, i-80 Gold Corporation, a prominent Nevada mining firm, announced that it has finalized its previously disclosed prospectus offering. This offering involved 28,212,593 common shares at a price of C$0.80 each, resulting in total gross proceeds of approximately C$22,570,074. This strategic move represents a significant boost to the company’s financial standing and its potential growth trajectory.

The shares were made available across all Canadian provinces and territories, excluding Québec, and were also offered in the United States under the company's U.S. registration statement on Form F-10, which has been effective since June 25, 2024. Investors can access the documents related to this offering, including the prospectus supplement and the base shelf prospectus, through i-80's issuer profiles on SEDAR+ and EDGAR.

In tandem with the prospectus offering, i-80 Gold Corp is also working on a private placement to certain directors and officers, which is expected to close in the first week of February 2025. This additional fundraising initiative is pending regulatory approvals from the Toronto Stock Exchange and the NYSE American, demonstrating the company's commitment to compliance and growth within the mining sector.

About i-80 Gold Corp

i-80 Gold Corp is widely recognized for holding the third-largest gold mineral resources in Nevada. The company is currently focused on unlocking the value of its high-grade gold properties with a well-structured recapitalization plan, aiming to establish itself as a mid-tier gold producer within the state. i-80’s common shares are actively traded on both the TSX and NYSE under the symbols IAU and IAUX, respectively, reflecting its dual listing strategy aimed at broadening capital access and market reach.

With a proactive approach toward mining and resource management, i-80 Gold continues to engage its stakeholders through transparent and strategic communications. The recent successful offering positions the company to further explore and expand its asset base, ultimately benefitting its shareholders and the wider mining community.

Forward-looking Statements

I-80 Gold's announcement includes forward-looking statements regarding future events and the company's expected performance. While the company is optimistic about meeting regulatory conditions and project timelines, these predictions are subject to various risks and uncertainties, including market volatility, regulatory changes, and operational challenges that could impact actual outcomes.

Stakeholders are encouraged to stay informed about ongoing developments by accessing the company’s filings on Canadian securities regulators' platforms and visiting their official website. This commitment to transparency ensures that investors are well-informed about both the achievements and potential risks involved in their investment journey with i-80 Gold Corporation.