i-80 Gold closed the upsized offering of US$287.5 million aggregate principal amount of 3.75% convertible senior notes due 2031, including the full exercise of a US$37.5 million option. The notes carry an initial conversion rate of 519.4805 common shares per US$1,000 principal, implying a conversion price of approximately US$1.93 per share.

The company plans to allocate net proceeds to advance its five Nevada gold projects through development stages, refurbish the Lone Tree processing plant, fund resource expansion and infill drilling, and support general corporate and working capital needs.

The notes and underlying shares are not registered under U.S. or Canadian securities laws and were offered exclusively to qualified institutional buyers under Rule 144A. Sales are restricted absent registration or applicable exemptions in both jurisdictions.