i-80 Gold Corp. has successfully closed a $250 million royalty financing agreement with Franco-Nevada Corporation. This financing is a significant step in the company's recapitalization efforts, aimed at strengthening its balance sheet and advancing its development plans towards becoming a mid-tier gold producer in Nevada. The agreement includes a 1.5% life-of-mine net smelter return royalty, which will increase to 3.0% starting January 1, 2031. The funds will be utilized to extinguish legacy debt obligations and to advance the Mineral Point open pit oxide project and the Archimedes underground project. At closing, $225 million was advanced, with $165 million allocated to pay off existing debts. The remaining $25 million will be available upon meeting certain conditions related to the project’s budgeted expenses. This financing not only alleviates previous financial burdens but also positions i-80 Gold for future growth and operational success.

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