i-80 Gold closed a $250 million financing with a Franco-Nevada subsidiary to acquire a 1.5% life-of-mine net smelter return royalty on all its Nevada properties, stepping up to 3.0% in 2031. At closing the company received $225 million, using $165 million to extinguish legacy debt and dedicating $50 million to Mineral Point infill drilling, with the balance earmarked for advancing the Mineral Point open pit and Archimedes underground projects.

The company completed the mandatory redemption of its 8% secured convertible debentures due 2027 for a total cash payment of $73 million, covering the $65 million principal and $5.3 million of interest, plus a 4% early redemption premium. Approximately 70% of debenture holders elected to receive accrued interest in common shares, leading to issuance of about 8.1 million new shares.

i-80 Gold repaid in full the Gold Prepay Agreement and convertible loan held by Orion Mine Finance with a total payout of $92 million, including $50 million principal and $20 million accrued interest, and issued 3 million common shares as part of the early redemption. A Silver Purchase and Sale Agreement with Orion remains in place.