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i-80 Gold Upsizes Share Offering to Bolster Growth

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i-80 Gold Upsizes Share Offering to Bolster Growth

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i-80 Gold Corp ( (TSE:IAU) ) has shared an announcement.

i-80 Gold Corp. has filed a prospectus supplement for an upsized offering of common shares, aiming to raise up to C$29 million. This offering, increased from US$10 million to US$20 million, is expected to close by January 31, 2025, and is pending regulatory approvals. Concurrently, a private placement involving key company insiders is set to raise additional funds, with proceeds earmarked for working capital and corporate purposes. This financial maneuver is part of i-80 Gold’s broader strategy to strengthen its operational and market position as it progresses towards becoming a mid-tier Nevada gold producer.

More about i-80 Gold Corp

i-80 Gold Corp. is a mining company focused on gold extraction in Nevada, holding the third largest gold mineral resources in the state. The company aims to become a mid-tier gold producer by capitalizing on its high-grade gold deposits. Its common shares are traded on the TSX and NYSE American under the symbols IAU and IAUX, respectively.

YTD Price Performance: -5.81%

Average Trading Volume: 1,287,313

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$320.4M

See more data about IAU stock on TipRanks’ Stock Analysis page.

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