12:04 PM EST, 01/17/2025 (MT Newswires) -- (Updates shares.)

i-80 Gold ( IAUX ) late on Thursday said it priced a share offering at C$0.80 per share to raise US$10 million.

Proceeds from the offering will be used for the development of projects in Nevada and for working capital and general corporate purposes.

The offering closing is subject to the receipt of regulatory approvals, including from the TSX and NYSE American.

i-80 shares were last seen down $0.02 to $0.87 on the Toronto Stock Exchange.

Price: 0.87, Change: -0.02, Percent Change: -2.25