02:41 PM EDT, 03/23/2026 (MT Newswires) -- i-80 Gold ( IAUX ) was at last look up more than 2% Monday after saying it closed its previously announced offering of 3.75% unsecured convertible senior notes due 2031 for an aggregate principal amount of US$287.5 million, including the upsized offering of US$250 million and the exercise in full of the US$37.5 million option granted to the initial purchasers of the notes.

The company said the initial conversion rate for the notes is 519.4805 of its common shares per US$1,000 principal amount of notes, equivalent to an initial conversion price of about US$1.93 per share.

Proceeds will be used to advance its five gold projects through various stages of development, refurbish the Lone Tree processing plant, and fund resource expansion and infill drilling, as well as for general corporate and working capital needs.

Shares of the company were last seen up 2.2% at $1.80 on the Toronto Stock Exchange.

Price: 1.80, Change: +0.03, Percent Change: +1.99