IAUX News & Events

Vox Royalty (VOXR) announced that, its subsidiary, Vox Royalty Cayman, has agreed to sell its capped gold offtake stream to i-80 Gold (IAUX), for total consideration of $4.8M, to be satisfied through the issuance to Vox of i-80 Gold common shares. The Consideration Shares will be freely tradeable and not subject to any resale restrictions or hold period. Vox acquired the i-80 Stream in September 2025 as part of a global gold portfolio acquisition. The i-80 Stream comprised a gold offtake covering 100% of gold production from Ruby Hill, Cove and Granite Creek assets in Nevada, USA, up to an annual cap of 40,000 ounces per annum until December 2028. In the first quarter of 2026, the i-80 Stream generated $270,000 in net precious metal margin and is currently held at a carrying value of approximately $2,600,000 as at March 31. Completion of the Transaction is expected to occur prior to June 30.

i-80 Gold announces that it has entered into a termination and settlement agreement with Vox Royalty Cayman SEZC and its parent company, Vox Royalty Corp. to terminate the company's gold offtake agreement. The termination of the Offtake Agreement is expected to provide the company with greater financial and commercial flexibility, and further strengthen its balance sheet as it advances its development plan to create a Nevada-focused mid-tier gold producer. The termination of the Offtake Agreement eliminates the Company's fixed obligation to sell and deliver up to 40,000 ounces of refined gold per year from its Granite Creek and Ruby Hill properties through to the December 31, 2028 expiry date, and subject to pricing based on a lookback period. The termination of the Offtake Agreement is expected to result in cash flow savings through to 2028, based on the average offtake margin per ounce of gold sold in 2026 to date. This provides the company with greater flexibility to manage future gold sales based on favourable gold pricing, and to evaluate stockpiling opportunities in anticipation of the planned commissioning of the Lone Tree Plant within Phase 1 of its current development plan. Pursuant to the terms of the Settlement Agreement, the company will issue 3,453,237 common shares to Vox, as nominee of Vox Cayman, to satisfy the company's obligations under the Offtake Agreement, representing an aggregate consideration of $4.8M, based on a price per share of $1.39, calculated in compliance with the rules of the NYSE American and the Toronto Stock Exchange. The shares were issued pursuant to the company's existing U.S. shelf registration statement.

i-80 GOLD announced that it has priced its previously announced offering of unsecured convertible senior notes due 2031. The Company intends to issue $250 million aggregate principal amount of Notes (or US$287.5 million aggregate principal amount if the option granted to the initial purchasers to purchase additional Notes is exercised in full). The Offering was upsized from the previously announced $200 million. The Notes will bear cash interest paid semi-annually at a rate of 3.75% per annum. The initial conversion rate for the Notes will be 519.4805 common shares of the Company per US$1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US$1.93 per Share. The initial conversion rate represents a premium of approximately 37.5% relative to yesterday's closing market price of the Shares on the NYSE American and is subject to adjustment in certain events.