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i-80 Gold Amends Credit Agreement and Launches Financing Initiative
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i-80 Gold Amends Credit Agreement and Launches Financing Initiative

Story Highlights
  • i-80 Gold Corp. amended its credit agreement with Orion, extending maturity and issuing warrants.
  • The company plans a US$10 million financing to support Nevada projects and operations.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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The latest announcement is out from i-80 Gold Corp ( (TSE:IAU) ).

i-80 Gold Corp. has successfully amended and restated its convertible credit agreement with Orion Mine Finance, including extending the maturity date and issuing five million common share purchase warrants. This move is part of i-80 Gold’s broader recapitalization plan, which includes a US$10 million financing initiative to fund Nevada project developments and support working capital, with significant participation anticipated from major shareholders.

More about i-80 Gold Corp

i-80 Gold Corp. is a mining company focused on high-grade gold deposits in Nevada, boasting the third largest gold mineral resources in the state. The company aims to become a mid-tier gold producer and is listed on the TSX and the NYSE American under the symbols IAU:TSX and IAUX:NYSE.

YTD Price Performance: 0.0%

Average Trading Volume: 1,318,996

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$340.2M

See more data about IAU stock on TipRanks’ Stock Analysis page.

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