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i-80 Gold Announces Expiry of At-The-Market Equity Program; Upcoming Filing of Preliminary Economic Assessments for Five Gold Projects by End of March
i-80 Gold Announces Expiry of At-The-Market Equity Program; Upcoming Filing of Preliminary Econom...
About this update from I-80 Gold Corp
[{"type":"text","content":"\n\n\n\n i-80 Gold Announces Expiry of At-The-Market Equity Program; Upcoming Filing of Preliminary Economic Assessments for Five Gold Projects by End of March\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n This news release constitutes a \"designated news release\" for the purposes of the Company's prospectus supplement dated\n \n August 12, 2024\n \n , to its short form base shelf prospectus dated\n \n June 21, 2024\n \n .\n \n\n\n\n\n RENO, Nev.\n \n\n ,\n \n\n March 12, 2025\n \n\n /CNW/ -\n \n i-80 GOLD CORP.\n \n (TSX: IAU) (NYSE: IAUX)\n \n (\"i-80 Gold\", or the \"Company\")\n \n announces that its previously established at-the-market equity program (the \"ATM Program\") will expire with the filing of its financial statements for the year ended\n \n December 31, 2024\n \n on\n \n March 27, 2025\n \n . The Company has been in a trading blackout since\n \n February 14, 2025\n \n following the announcement of the results of the Preliminary Economic Assessment (\"PEA\") for the Cove Project and has elected to remain in a blackout period until the end of the first quarter.\n \n\n\n\n\n\n\n\n\n The ATM Program, originally implemented on\n \n August 11, 2024\n \n to provide the Company with financial flexibility to support its growth strategy, has satisfied its intended purpose.\n \n\n i-80 Gold remains engaged in constructive discussions with both current and potential debt providers to advance its previously announced recapitalization plan and looks forward to providing a market update in the near future. While the ATM Program was one of several options available to i-80 Gold for raising funds over the short term, the Company has elected to remain in a blackout period and not reactivate it. The Company's potential financing plans will seek to ensure an efficient capital structure reinforcing its commitment to maximizing shareholder value.\n \n\n Since its inception, a total of 26.7 million shares were issued under the ATM Program for total gross proceeds of\n \n $25.1 million\n \n .\n \n\n\n Prelimin...