I-80 Gold Corp. Enters into Offtake Agreement with OMF Fund III (HG) Ltd. – Read more for details

i-80 Gold Corp. (NYSE: IAUX) recently disclosed in a Form 8-K filing submitted to the U.S. Securities and Exchange Commission on February 7, 2025, that the Company, alongside pertinent subsidiaries, has executed an Offtake Agreement with OMF Fund III (HG) Ltd. The agreement is specifically applicable to the Granite Creek project and the Ruby Hill project, collectively termed as the “Projects.”

The Offtake Agreement outlined in the filing spans from February 7, 2025, until December 31, 2034; however, the Purchaser’s right to purchase refined gold and refined silver under the agreement will only commence on December 28, 2028. As per the terms, the Purchaser is scheduled to acquire 20% of the refined gold from each of the Projects and an equivalent percentage of refined silver. The purchase will be subject to predefined conditions like gold return, silver return, refining charges, and penalties, all in accordance with the terms agreed upon with the refinery. The pricing for the purchased refined gold and silver will adhere to market rates.

Moreover, in alignment with the disclosure, Ryan Snow, the Chief Financial Officer of i-80 Gold Corp., expressed the Company’s commitment by signing the document on behalf of the registrant. The agreement holds significant implications for i-80 Gold Corp.’s future operational strategies and potential advancements within the industry.

In an era marked by evolving financial landscapes and strategic collaborations, i-80 Gold Corp.’s partnership with OMF Fund III (HG) Ltd. signifies a prudent move towards bolstering the Company’s portfolio and solidifying its position in the sector. Such developments are crucial in navigating the complexities of the modern market environment and capitalizing on growth opportunities.

It is essential to note that the content of this Form 8-K report presents critical information directly affecting i-80 Gold Corp.’s operations, strategy, and overall market positioning. This agreement showcases the Company’s proactive approach in securing partnerships that drive its trajectory towards sustained growth and profitability. Investors and stakeholders alike are advised to closely monitor further updates regarding this agreement for potential insights into i-80 Gold Corp.’s future endeavors.

This article is intended to provide a succinct overview of the key highlights from i-80 Gold Corp.’s recent Form 8-K submission, specifically focusing on the Offtake Agreement with OMF Fund III (HG) Ltd. Interested parties are encouraged to refer to the official filing for comprehensive details and insights into this significant development in i-80 Gold Corp.’s operational landscape.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read i-80 Gold’s 8K filing here.

i-80 Gold Company Profile

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.