i-80 Gold secures $500M financing package; Franco-Nevada royalty, gold prepay facility

i-80 Gold Corp.

$250M royalty to Franco-Nevada (1.5% NSR, stepping to 3% in 2031) and up to $250M gold prepay from Nat'l Bank & Macquarie.
Initial $150M from gold prepay; 39,978 oz gold to be delivered over 30 months beginning Jan 2028; accordion for extra $100M.
Proceeds retire ~$175M existing debt: Orion gold prepay & convertible loan (~$95M) and convertible debentures (~$86M).
$50M allocated to Mineral Point project for drilling, engineering, permitting in 2026.
Closing expected by end of Q1 2026; redemption of ~$82M convertible debentures conditional on closing.

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