i‑80 Gold Corp. Highlights Recent Developments at the FAD Project and Strategic Direction

New Resource Estimate Strengthens Position of the FAD Project

On 6 November 2025, i‑80 Gold Corp. released a high‑grade mineral resource estimate for its Nevada‑based FAD project, prepared under National Instrument 43‑101 standards. The update confirms extensive near‑surface oxide mineralization and details a resource of 594 000 indicated tonnes grading 4.51 g/t gold, 209.7 g/t silver, 4.3 % lead and 6.8 % zinc. This yields 86 000 oz of contained gold, 4 million oz of silver, 57 million lb of lead and 89 million lb of zinc. A secondary inferred resource of 2.74 million tonnes at 5 g/t gold, 188.6 g/t silver, 3.7 % lead and 4.4 % zinc is also reported. The figures underscore the high‑grade nature of the deposit and provide a solid basis for future development.

Strategy to Monetize Non‑Core Asset

In a note dated 8 November 2025, a mining analyst from Canaccord Genuity highlighted that i‑80 Gold is positioning the FAD project for sale as part of a broader recapitalisation plan. The company intends to raise between CAD 350 million and CAD 400 million to finance royalty sales and the potential divestment of FAD, thereby supporting its core development portfolio in Nevada. The FAD project is adjacent to the Ruby Hill open‑pit development, one of the company’s key mid‑tier projects under its Nevada‑focused strategy.

Focus on Mid‑Tier Gold Production

i‑80 Gold’s long‑term objective is to become a Nevada‑based mid‑tier gold producer. Its planned projects include Lone Tree, Granite Creek, Cove and Ruby Hill, with Ruby Hill positioned near the FAD deposit. The company’s recent resource update and potential asset sale are intended to enhance liquidity and allow capital to be directed toward advancing these core projects.

Market Context

  • Close Price (6 Nov 2025): CAD 1.32
  • 52‑Week High (15 Oct 2025): CAD 1.615
  • 52‑Week Low (12 Nov 2024): CAD 0.47
  • Market Capitalisation: CAD 1.04 billion
  • Price‑to‑Earnings Ratio: –3.33

The recent news underscores i‑80 Gold’s efforts to refine its asset base, improve its financial position, and accelerate the development of high‑grade gold projects in Nevada.