i-80 Gold Corp. closed a gold prepayment facility with National Bank of Canada and Macquarie Bank Limited. The facility includes an initial advance of $150 million and a $100 million accordion feature. The company has raised over $1 billion in capital through financing arrangements. The company has an obligation to deliver 39,978 ounces of gold over a 30-month period starting January 2028. The accordion feature provides access to an additional $100 million for 24 months, subject to conditions and lender approval, expected to be executed in the first half of 2027. The recapitalization plan is expected to fully fund the development plan through Phase 1 and Phase 2. The company targets average annual production of 300,000 to 400,000 ounces of gold in 2031, up from less than 50,000 ounces currently.