On April 25, 2024, i-80 Gold Corp. announced a public offering of 60,607,000 units at C$1.65 per unit, raising C$100,001,550 in gross proceeds. Each unit included one common share and one-half of a warrant, with each whole warrant exercisable at C$2.15 per share for 48 months. The offering closed on May 1, 2024. The company granted underwriters a 30-day over-allotment option to purchase up to 9,091,050 additional units, potentially increasing gross proceeds to C$115,001,782.50. National Bank Financial Inc. acted as lead underwriter and sole bookrunner, joined by Canaccord Genuity Corp., Stifel Nicolaus Canada Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Cormark Securities Inc., and PI Financial Corp. as underwriters.

Bennett Jones LLP acted as counsel to i-80 Gold, while McMillan LLP advised the underwriters. Net proceeds of C$94.5 million (or C$108.8 million if the over-allotment is fully exercised) were allocated to exploration, development, and working capital for the McCoy-Cove, Granite Creek, Ruby Hill, and Lone Tree projects, along with debt repayment to Orion Mine Finance. The TSX conditionally approved listing of the warrants.