i-80 Gold Corp. Prices Prospectus Offering to Advance Nevada Projects

An announcement from i-80 Gold Corp ( (TSE:IAU) ) is now available.

i-80 Gold Corp. has announced the pricing of its prospectus offering of common shares, set at C$0.80, intended to raise US$10,000,000. The proceeds will support the development of the company’s projects in Nevada and facilitate the second phase of its recapitalization plan. The offering is subject to regulatory approvals and customary closing conditions, and no commission or finder’s fee will be paid. This move is part of i-80 Gold’s strategy to enhance its positioning in the Nevada gold mining sector as a mid-tier producer.

More about i-80 Gold Corp

i-80 Gold Corp. is a Nevada-focused mining company that holds the third largest gold mineral resources in the state. The company aims to become a mid-tier gold producer by capitalizing on its high-grade gold deposits. Its common shares are listed on the TSX and the NYSE American under the symbols IAU and IAUX, respectively.

YTD Price Performance: 0.0%

Average Trading Volume: 1,318,826

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$340.2M

For a thorough assessment of IAU stock, go to TipRanks’ Stock Analysis page.