Major participants in the equity financing, which closed on October 14, 2021, of ~US$102 million include NGM subscribing to acquire a 9.9% interest in i-80 through the private placement, Orion subscribing to top up to a 9.9% interest in i-80, and participation from several members of the board and management Working to close financing arrangements totaling ~US$227 million with access a further $100 million complement the Company's strong cash position. Interim processing agreements with NGM provide i-80 with the ability to immediately advance its project portfolio – a test mining program at Granite Creek is underway, Buffalo Mountain is currently being permitted, and the Company is advancing plans to commence an underground development program at McCoy-Cove
The Lone Tree facility includes an autoclave, CIL mill, floatation mill and heap leach facility Secures for i-80, the ability to process multiple types of gold bearing mineralization at a centrally located and permitted processing facility situated on Interstate 80. I-80 becomes one of the largest holders of gold and silver resources in Nevada: Highlights of the transactions are as follows (see press release dated September 7, 2021): The Company now embarks on its plan to advance multiple projects to production over the next several years. When combined with the acquisition of the Lone Tree and Buffalo Mountain gold deposits, that were acquired from Nevada Gold Mines LLC ("NGM"), including certain processing infrastructure, i-80 Gold is one of the largest holders of gold and silver resources in the State and is positioned to become a prominent, stand alone, growth-oriented gold producer.
Ruby Hill, which includes multiple deposits that collectively represent one of Nevada's largest gold, silver and base metal endowments, was acquired from Waterton and i-80 has taken over operating the current open pit mine.
0 kommentar(er)
