i-80 Gold raises ~$164M in unit offering; underwriters exercise over-allotment option

i-80 Gold Corp.

320M units at $0.50/unit, each consisting of one common share and one-half warrant (exercise price $0.70, 30-month expiry).
Underwriters exercised option for 25.76M additional units; net proceeds ~$164.2M after discounts and expenses.
Proceeds to fund development at Granite Creek, Cove, Ruby Hill, Lone Tree and settle prepayments with National Bank of Canada and Orion.
Concurrent private placement of up to 22.24M units at $0.50/unit with directors/officers/shareholders for up to $11.1M gross proceeds.
Closing expected May 16, 2025; warrants may be listed on TSX and NYSE American.

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