Franco-Nevada Corporation has announced a $250 million net smelter return royalty agreement with i-80 Gold Corp. to support i-80 Gold’s recapitalization and growth strategy in Nevada. The royalty, initially set at 1.5% and increasing to 3.0% in 2031, will cover all major i-80 Gold properties, including the Granite Creek Underground and Archimedes Underground projects. The transaction, expected to close in March 2026, will be financed from Franco-Nevada’s existing cash resources.

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