i-80 GOLD Secures Financing Package Of Up To $500M, Comprised Of Royalty Sale For $250M And Gold Pre-Payment Facility For Up To $250M

Recapitalization plan anticipated to close by the end of the first quarter 2026

All amounts referenced herein are expressed in United States dollars unless otherwise stated.

TORONTO, Feb. 12, 2026 /PRNewswire/ - i-80 GOLD CORP. (TSX:IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") is pleased to announce that it has secured a financing package (the "Financing Package") of up to $500 million, comprised of a royalty sale for $250 million and a gold pre-payment facility for up to $250 million. The Financing Package marks a significant milestone in achieving the Company's recapitalization plans.

The proceeds of the Financing Package, combined with the previously disclosed equity offerings completed by the Company in the second quarter of 2025(1) (the "Equity Offerings"), represent over $800 million in funding to support i-80 Gold's objective of creating a mid-tier gold producer in Nevada. The final steps to complete the recapitalization plan targeting an overall amount of $900 million to $1 billion, include the Company's plan to retire and replace its existing convertible debentures with new convertible debentures on terms more favourable to the Company and the potential sale of a non-core asset. This is expected to fully fund Phase 1 and Phase 2 of the development plan(2,3), which is expected to increase annual production to approximately 300,000 – 400,000 ounces of gold(3) from less than 50,000 ounces currently, driven by the Company's three underground mines and one oxide open pit operation all located in Nevada.