secwatch.observer — SEC 8-K summary
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Issuer:     i-80 Gold Corp. (IAUX)
CIK:        0001853962
Form:       8-K
Filed at:   2026-02-18T23:59:59+00:00
Accession:  0001193125-26-056106
Event type: debt
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1853962/000119312526056106/0001193125-26-056106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1853962/000119312526056106/d99211d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-056106

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer