---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-129359"
form_type: "8-K"
ticker: "IAUX"
cik: "0001853962"
company_name: "i-80 Gold Corp."
filed_at: "2026-03-27T23:59:59+00:00"
generated_at: "2026-05-15T08:41:30.493792+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# i-80 Gold closes $250M gold prepay facility, completes recapitalization with over $1B

## Summary
- Received $150M initial advance; must deliver 39,978 oz gold over 30 months starting Jan 2028.
- $100M accordion feature available for 24 months, subject to lender approval; expected in H1 2027.
- Recapitalization complete: over $1B secured from equity, convertible notes ($287.5M), royalty ($250M), and gold prepay.
- Proceeds fully fund Phase 1 & 2 development plan targeting 300k–400k oz Au annual production by 2031.
- Franco-Nevada royalty agreement ($250M) closed March 16; gold prepay closed March 23.

## SEC filing metadata
- accession: 0001193125-26-129359
- form_type: 8-K
- ticker: IAUX
- cik: 0001853962
- company_name: i-80 Gold Corp.
- filed_at: 2026-03-27T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1853962/000119312526129359/0001193125-26-129359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1853962/000119312526129359/d120180d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-129359
- JSON: https://secwatch.observer/filing/0001193125-26-129359.json
- Plain text: https://secwatch.observer/filing/0001193125-26-129359.txt

## Source-grounded claims
- claim_id: 7a8c3977e23bf57bc592646f7ac71b88e58b2233
  claim: i-80 Gold Corp. incurred debt of up to $150,000,000 with National Bank of Canada and Macquarie Bank Limited maturing approximately 30 months in periodic installments beginning in January 2028.
  evidence_excerpt: the Company received from the Banks aggregate upfront proceeds of up to $150,000,000 (the “Prepayment Amount”), with the resulting obligation to deliver to National Bank and Macquarie 39,978 ounces of gold over a period of approximately 30 months in periodic installments beginning in January 2028.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853962/000119312526129359/0001193125-26-129359-index.htm
- claim_id: 3e6bf8984caccbc3247144bee35b9b0363456b97
  claim: i-80 Gold Corp. entered into Supplementary Terms Agreement with National Bank of Canada and Macquarie Bank Limited valued at up to $150,000,000 (effective 2026-03-23).
  evidence_excerpt: On March 23, 2026, i-80 Gold Corp. (the “Company”) entered into a Supplementary Terms Agreement (the “Gold Prepay” or the “Facility”) with National Bank of Canada, as a bank and the administrative agent, and Macquarie Bank Limited (together, the “Banks”) for a gold prepayment facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1853962/000119312526129359/0001193125-26-129359-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.