i-80 Gold Launches Offering of US$200 Million Convertible Senior Notes
i-80 Gold Launches Offering of US$200 Million Convertible
Senior Notes
TORONTO
,
March 18, 2026
/CNW/ --
i-80 GOLD CORP.
(TSX:IAU) (NYSE American:IAUX)
("i-80 Gold" or the
"Company")
announces the offering of unsecured convertible senior notes due 2031 (the "Notes") in the aggregate principal
amount of US$200 million (the "Offering"). The Company expects to grant the initial purchasers of the Notes an option to
purchase for a period of 20 days up to an additional US$30 million aggregate principal amount of Notes.
i-80 Gold intends to use the net proceeds of this Offering to advance the Company's five gold projects through various stages of
development, refurbish the Lone Tree processing plant, and fund resource expansion and infill drilling, as well as for general
corporate and working capital purposes.
The interest rate, the initial conversion rate and other terms of the Notes will be determined by i-80 and the initial purchasers and
will depend on market conditions at the time of pricing of the Offering. The Notes will bear cash interest payable semi-annually at
a fixed rate and will be convertible by holders into i-80 Gold common shares (the "Shares"). The Notes will be redeemable by i-
80 Gold at its option in certain circumstances. Holders will have the right to require i-80 Gold to repurchase their Notes upon the
occurrence of certain events.
The Offering is subject to customary closing conditions including approval of the Toronto Stock Exchange and the NYSE
American.
The Notes and the Shares issuable upon the conversion thereof have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), registered under any state securities laws, or qualified by a
prospectus in Canada. The Notes and the Shares may not be offered or sold in the United States absent registration under the
Securities Act or an applicable exemption from registration under the Securities Act. The Notes will be offered only to "qualified
institutional buyers" (as defined in Rule 144A under the Securities Act). The Notes may not be offered or sold in Canada except
pursuant to exemptions from the prospectus requirements of applicable Canadian provincial and territorial securities laws.
This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or the Shares issuable upon the
conversion thereof, and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or the Shares
issuable upon the conversion thereof in any jurisdiction in which such offer, solicitation or sale is unlawful.
About i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development
plan to advance its high-quality asset portfolio. The Company is the fifth largest gold mineral resource holder in the state with a
pipeline of high-grade multi-stage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its
central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and
processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU)
and the NYSE American (NYSE: IAUX).
Cautionary Statement Regarding Forward-Looking Information
Certain information set forth in this press release, including but not limited to statements regarding completion of the Offering, the
proposed terms of the Offering and the proposed use of proceeds of the Offering, constitutes forward looking statements or
forward-looking information within the meaning of applicable securities laws.
All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking
statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates",
"continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such
words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken,
occur or be achieved. Readers are cautioned that the assumptions used in the preparation of information, although considered
reasonable at the time of preparation, may prove to be inaccurate and, as such, reliance should not be placed on forward looking
statements.
The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these
forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-
looking statements will transpire or occur, or if any of them do so, what benefits, if any, that the Company will derive therefrom.
By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the
Company's control, including failure to satisfy the conditions to closing of the Offering; market demand for the Notes; general
economic and industry conditions, risks associated with the refurbishment of the Lone Tree Plant and advancement of the
Company's projects, as well as those factors discussed under the heading "Risks Factors" in the Form 10-K for the fiscal year
ended December 31, 2025, which is available on EDGAR at
www.sec.gov/edgar
and SEDAR+ at
www.sedarplus.ca
. Readers
are encouraged to carefully review these risk factors as well as the Company's other filings with the U.S. Securities and
Exchange Commission and the Canadian Securities Administrators. All forward-looking statements contained in this press
release speak only as of the date of this press release or as of the dates specified in such statements. The Company disclaims
any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise except as required by applicable law.
Additional information relating to i-80 Gold can be found on SEDAR+ at
www.sedarplus.ca
, and on EDGAR at
www.sec.gov/edgar
.
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For further information:
For further information, please contact: Leily Omoumi - SVP, Corporate Development and Strategy,
Caterina De Rosa - VP, Investor Relations; 1.866.525.6450, [email protected]
CO: i-80 Gold Corp
CNW 07:00e 18-MAR-26