SCHEDULE: Orion Resource Partners Reduces i-80 Gold Stake

Orion Resource Partners (USA) LP reports a 2.6% beneficial ownership stake in i-80 Gold Corp. as of March 31, 2026.

Summary

• Orion Resource Partners (USA) LP filed an amendment to its Schedule 13G regarding its holdings in i-80 Gold Corp.
• The reporting person holds 21,787,281 common shares, representing approximately 2.6% of the company's outstanding shares.
• The total includes 4,301,997 shares held by Fund II, 8,235,284 shares held by Fund III, and 9,250,000 shares issuable upon warrant exercise.
• The warrant exercise is subject to a 9.99% ownership 'Blocker' provision, which can be increased to 19.99% with 60 days' notice.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral regulatory disclosure indicating a change in institutional ownership levels without strategic shifts.

Positives

• The reporting person confirms that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Negatives

• The filing reflects a reduction in ownership percentage, indicating a divestment or dilution of the reporting person's previous position.

Risks

• The ownership stake is subject to a 'Blocker' provision that limits the conversion of warrants if it would cause the holder to exceed 9.99% (or 19.99% upon notice) of the outstanding shares.

Future Outlook

The reporting person maintains its position as an investment advisor and does not indicate intent to change or influence control of the issuer.

Industry Context

StockSavvy.ai notes that institutional investors in the junior mining sector frequently adjust positions based on liquidity needs or portfolio rebalancing, and this filing reflects a standard regulatory disclosure for a sub-5% shareholder.

Comparison to Industry Standards

• The filing follows standard SEC Schedule 13G reporting requirements for passive institutional investors.
• The use of 'Blocker' provisions on warrants is a common practice in mining finance to avoid triggering change-of-control or regulatory ownership thresholds.

Stakeholder Impact

• Shareholders should note the reduction in institutional ownership, which may impact liquidity or market sentiment.

Next Steps

• The reporting person may continue to hold or dispose of shares in the ordinary course of business.

Key Dates

Keywords

i-80 Gold Corp, Orion Resource Partners, Schedule 13G, Beneficial Ownership, Mining, Gold