i-80 holds a 100% interest in the Lone Tree property, located within the Battle Mountain Trend, from Nevada Gold Mines LLC. Lone Tree is a past-producing mine with historic production of approximately 4.2 million ounces of gold and is host to substantial processing infrastructure including a whole-ore autoclave, leach pad and CIC circuit, and a flotation circuit. The property contains significant gold resources, with the known mineralized zones remaining open for expansion. It is expected that the Lone Tree Complex will become the hub of i-80’s Nevada operations and provides the Company with a genuine opportunity to become a stand-alone producer with facilities capable of processing several ore types.

The total land package of the Lone Tree property consists of approximately 12,000 acres with excellent exploration upside.