Lone Tree Brewery

i-80 Enters into US$135 Financing Package for Nevada-Focused Mining Complex

Retrieved on: 
Tuesday, December 14, 2021

The Financing Package, when combined with the recent equity financing completed by the Company, will place i-80 in a robust financial position to proceed with the aggressive advancement of its substantial asset portfolio detailed further below.

Key Points: 
  • The Financing Package, when combined with the recent equity financing completed by the Company, will place i-80 in a robust financial position to proceed with the aggressive advancement of its substantial asset portfolio detailed further below.
  • Following completion of the Financing Package, the Company expects to have approximately $200 million in its treasury.
  • "The Financing Package will position i-80 to aggressively pursue the development of the Company's portfolio of advanced-stage deposits, all located in Nevada, one of the world's most favorable mining jurisdictions", stated Ryan Snow, Chief Financial Officer of i-80.
  • The Financing Package remains subject to final acceptance by the TSX upon satisfaction of customary post-closing conditions.

i-80 Announces Filing of the Ruby Hill Project Technical Report

Retrieved on: 
Friday, October 22, 2021

RENO, Nev., Oct. 22, 2021 /PRNewswire/ -i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF)("i-80", or the "Company") is pleased to announce that it has filed a technical report prepared for the Ruby Hill Project, in accordance with Canadian Securities Administrators' National Instrument 43-101.

Key Points: 
  • RENO, Nev., Oct. 22, 2021 /PRNewswire/ -i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF)("i-80", or the "Company") is pleased to announce that it has filed a technical report prepared for the Ruby Hill Project, in accordance with Canadian Securities Administrators' National Instrument 43-101.
  • The report may be found on the Company website and under the Company's profile at www.sedar.com .
  • Qualified persons for the Report include Christopher Wright, P.Geo.
  • i-80 Gold Corp. is a well-financed Nevada-focused mining company with a goal of achieving mid-tier gold producer status.

i-80 Announces Filing of the Lone Tree Property Technical Report

Retrieved on: 
Thursday, October 21, 2021

RENO, Nev., Oct. 21, 2021 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF)("i-80", or the "Company") is pleased to announce that it has filed a technical report prepared for the Lone Tree Property, in accordance with Canadian Securities Administrators' National Instrument 43-101.

Key Points: 
  • RENO, Nev., Oct. 21, 2021 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (OTCQX: IAUCF)("i-80", or the "Company") is pleased to announce that it has filed a technical report prepared for the Lone Tree Property, in accordance with Canadian Securities Administrators' National Instrument 43-101.
  • The report may be found on the Company website and under the Company's profile at www.sedar.com .
  • The independent report, dated October 21, 2021 (effective date July 30, 2021), titled "Technical Report on the Mineral Resource Estimates for the Lone Tree Deposit, Nevada" was completed by GeoGlobal LLC and provides detail to the disclosure contained in the Company's news releases issued on September 7, 2021 and October 18, 2021.
  • The Qualified person for the Report is Abani R. Samal, RM SME.

i-80 Closes Acquisition of the Ruby Hill Mine

Retrieved on: 
Monday, October 18, 2021

The Company now embarks on its plan to advance multiple projects to production over the next several years.

Key Points: 
  • The Company now embarks on its plan to advance multiple projects to production over the next several years.
  • Ruby Hill includes an open pit mine and related infrastructure (mill/heap leach) and is located immediately west of the town of Eureka proximal to Highway 50.
  • Ruby Hill also includes crushing and CIL processing infrastructure (see Figure 2).
  • i-80 Gold Corp. is a well-financed Nevada-focused mining company with a goal of achieving mid-tier gold producer status.

i-80 Gold Completes Transaction with Nevada Gold Mines to Acquire Lone Tree and Buffalo Mountain

Retrieved on: 
Friday, October 15, 2021

"With the closing of this transaction, we now embark on our aggressive growth plan to achieve our goal of building a prominent mid-tier gold producer" stated Matthew Gollat, EVP Business and Corporate Development of i-80 Gold.

Key Points: 
  • "With the closing of this transaction, we now embark on our aggressive growth plan to achieve our goal of building a prominent mid-tier gold producer" stated Matthew Gollat, EVP Business and Corporate Development of i-80 Gold.
  • "Becoming one of only three companies in Nevada with infrastructure to process refractory mineralization, i-80 has gained a strategic advantage for long-term mine development.
  • In connection with the Asset Exchange, NGM subscribed for 22,757,393 Common Shares under the Private Placement at the Issue Price.
  • i-80 Gold Corp. is a well-financed, Nevada-focused mining company with a goal of achieving mid-tier gold producer status.

Nevada Gold Mines Completes Exchange Transaction to Consolidate South Arturo Property

Retrieved on: 
Thursday, October 14, 2021

ELKO, Nev., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Nevada Gold Mines (NGM) today announced it has completed the previously announced asset exchange transaction to acquire from i-80 Gold Corp. the 40% interest in the South Arturo Joint Venture that NGM does not already own as well as a low-cost option to acquire the adjacent Rodeo Creek exploration property, in exchange for the Lone Tree and Buffalo Mountain properties and infrastructure which are currently in care and maintenance.

Key Points: 
  • ELKO, Nev., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Nevada Gold Mines (NGM) today announced it has completed the previously announced asset exchange transaction to acquire from i-80 Gold Corp. the 40% interest in the South Arturo Joint Venture that NGM does not already own as well as a low-cost option to acquire the adjacent Rodeo Creek exploration property, in exchange for the Lone Tree and Buffalo Mountain properties and infrastructure which are currently in care and maintenance.
  • Nevada Gold Mines is operated by Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and is a joint venture between Barrick (61.5%) and Newmont (38.5%) that combined their significant assets across Nevada in 2019 to create the single largest gold-producing complex in the world.

i-80 Gold Corp. Announces Additional Details on Financing Package

Retrieved on: 
Friday, October 8, 2021

As previously announced, the Company has entered into a non-binding term sheet with Orion for up to $140 million of acquisition financing, with an additional $100 million potentially available via an accordion feature.

Key Points: 
  • As previously announced, the Company has entered into a non-binding term sheet with Orion for up to $140 million of acquisition financing, with an additional $100 million potentially available via an accordion feature.
  • The Orion Financing is expected to include a mix of equity and convertible securities, warrants and secured instruments for up to $140 million, with an additional $100 million potentially available via an accordion feature.
  • The Corporation also expects to accept additional unsecured convertible loans from one or more additional potential convertible debt investors in a principal amount of up to an additional $10 million (the "Additional Convertible Loans" and together with the Orion Convertible Loans, the "Convertible Loans") on the same terms as the Orion Convertible Loan.
  • i-80 Gold Corp. is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status.

Nevada Gold Mines to Consolidate South Arturo Property in Exchange for Lone Tree and Buffalo Mountain Properties

Retrieved on: 
Tuesday, September 7, 2021

ELKO, Nev., Sept. 07, 2021 (GLOBE NEWSWIRE) -- Nevada Gold Mines (NGM) has entered into a definitive asset exchange agreement (the “Exchange Agreement”) to acquire from i-80 Gold Corp. the 40% interest in the South Arturo Joint Venture that NGM does not already own as well as a low-cost option to acquire the adjacent Rodeo Creek exploration property, in exchange for the Lone Tree and Buffalo Mountain properties and infrastructure which are currently in care and maintenance. The exchange transaction will have an effective date of June 1, 2021.

Key Points: 
  • Certain information contained or incorporated by reference in this press release, including any information as to Barricks and Nevada Gold Mines strategy, projects, plans or future financial or operating performance, constitutes forward-looking statements.
  • All statements, other than statements of historical fact, are forward-looking statements.
  • The words agreement, estimated, contingent, proposed, conditional, expect, anticipate, potential, may, will, can, could and similar expressions identify forward-looking statements.
  • All of the forward-looking statements made in this press release are qualified by these cautionary statements.