i-80 Gold restructures Orion debt, defers metal deliveries, board member Smith resigns

i-80 Gold Corp.

Deferred 3,210 oz gold and 400,000 oz silver deliveries to March 31, 2025; Orion convertible loan extended to June 30, 2026.
i-80 will issue 5M common share purchase warrants to Orion at 25% premium to 5-day VWAP, four-year term.
Minimum cash requirement waived; company needs equity financing in Jan to maintain $10M min cash through March 2025.
Greg Smith stepped down from board effective Dec 31, 2024, after Equinox divested its shares.
Offtake agreement with Orion expected by end of Jan 2025, effective after Deterra off-take expires Dec 2028.

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