secwatch.observer — SEC 8-K summary
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Issuer:     i-80 Gold Corp. (IAUX)
CIK:        0001853962
Form:       8-K
Filed at:   2025-01-13T23:59:59+00:00
Accession:  0001062993-25-000686
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853962/000106299325000686/0001062993-25-000686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853962/000106299325000686/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-25-000686

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