Ivanhoe Electric's Preliminary Feasibility Study for the Santa Cruz Copper Project in Arizona Defines a High-Quality Underground Mining Operation with Strong Economics
Advanced United States Copper Project on Private Land with an After-Tax Net Present Value8% of $1.9 Billion and a 24.0% Internal Rate of Return at Current COMEX Copper PriceUpdated Reserves and Mine Plan Support 100% Heap Leach Process Producing 1.4 Million Tonnes of Copper Cathode Over 23 Year Mine Life Low Initial Capital of $1.24 Billion and First Quartile Unit Cash Costs of $1.32 Per Pound of Copper Highly Engineered Study Will Be Used to Secure Project FinancingInitial Construction Targeted...
2025-06-23 6:45 AM EDT
Ivanhoe Electric Subsidiary Cordoba Minerals Corp. Signs Definitive Agreement to Sell Remaining 50% Stake in Alacran Copper Project in Colombia
Initial Cash Proceeds of US $88 Million to be Paid on Closing with an Additional US $12 Million Paid upon Commercial ProductionUS $100 Million Purchase Price Represents a Value per Cordoba Minerals Corp. Common Share of US $1.10 or CDN $1.52Ivanhoe Electric Anticipates Receiving a Cash Distribution of Over US $40 Million from the Initial Proceeds Phoenix, Arizona--(Newsfile Corp. - May 8, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President...
2025-05-08 7:15 AM EDT
Ivanhoe Electric Receives Indication for up to $825 Million in Financing from Export-Import Bank of the United States for Santa Cruz Copper Project
United States Government Support Reinforces Strategic Importance of Santa Cruz Copper Project in Enhancing Domestic Copper SupplySanta Cruz Copper Project Preliminary Feasibility Study on Track for June CompletionProject Permitting, Financing, and Detailed Engineering Rapidly Advancing Towards ConstructionPhoenix, Arizona--(Newsfile Corp. - April 15, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce the receipt of a Letter of Interest from the Export-Import...
2025-04-15 7:00 AM EDT
Ivanhoe Electric Applauds Executive Order to Accelerate Mineral Production in the United States
Phoenix, Arizona--(Newsfile Corp. - March 21, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to see the historic March 20, 2025, Executive Order signed by United States President Donald J. Trump to accelerate the domestic production of critical metals, including copper.The Executive Order invokes the use of the Defense Production Act as part of a broad U.S. Government effort to expand...
2025-03-21 7:00 AM EDT
Ivanhoe Electric Announces Closing of Public Offering and Exercise of Underwriter's Option
Phoenix, Arizona--(Newsfile Corp. - February 14, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to announce the closing on February 14, 2025 of the previously announced underwritten public offering of 11,794,872 Units at a public offering price of $5.85 per Unit, less underwriting discounts and commissions, which includes the full exercise of the underwriter's option to purchase an additional 1,538,461 Units. Each...
2025-02-14 4:05 PM EST
Ivanhoe Electric Announces Pricing and Upsizing of Public Offering
Phoenix, Arizona--(Newsfile Corp. - February 11, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to announce the pricing of an underwritten public offering of 10,256,411 units (the "Units") at a public offering price of US$5.85 per Unit. Each Unit consists of (i) one share of Ivanhoe Electric's common stock and (ii) one accompanying warrant (the "Warrants"). Each whole Warrant is exercisable to...
2025-02-11 11:00 PM EST
Ivanhoe Electric Announces Public Offering of Units
Phoenix, Arizona--(Newsfile Corp. - February 11, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to announce that Ivanhoe Electric intends to sell US$50 million of Units in an underwritten public offering. Each Unit consists of (i) one share of Ivanhoe Electric's common stock and (ii) one accompanying warrant (the "Warrants"), with each whole Warrant exercisable to purchase one whole share of Ivanhoe...
2025-02-11 4:24 PM EST
Ivanhoe Electric's Typhoon(TM) Technology Quickly Proves its Power with Discovery in Saudi Arabia
Drilling Intersected Copper Mineralization in Three Holes to a Depth Beyond 700 Meters and Remains OpenThe Joint Venture Has Three TyphoonTM Units Active in Saudi ArabiaRiyadh, Saudi Arabia--(Newsfile Corp. - January 13, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide initial drill results from the Company's 50/50-owned joint venture with Saudi Arabian Mining Company Ma'aden ("Ma'aden") (Saudi Stock Exchange Tadawul:...
2025-01-13 7:00 AM EST
Ivanhoe Electric and BHP Exploration Alliance Advance Exploration Activities in the Southwest United States
A New Generation Typhoon™ Unit Dedicated to the Exploration Alliance is Conducting its First Survey in ArizonaPhoenix, Arizona--(Newsfile Corp. - January 7, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide an update on the activities of the BHP Exploration Alliance in the Southwest U.S. (the "Alliance").Mr. Friedland commented: "The Basin and Range province of the Southwest U.S. remains one of the...
2025-01-07 7:00 AM EST
Ivanhoe Electric Reports Year-End Update on United States Exploration Programs
Drilling Expands the Texaco Deposit in Arizona with Intersections of Significant Enriched Mineralization Drilling at the Hog Heaven Project Identifies a Porphyry Copper-Gold-Molybdenum System in the Battle Butte Area Associated with a Typhoon™-identified AnomalyDrilling at the Tintic Copper-Gold-Silver Project Continues to Explore for the Source Porphyry Copper SystemTyphoon™ and Computational Geoscience Inc. Guide Technology-led Exploration Efforts in the United StatesPhoenix, Arizona--(Newsfile Corp. - January 6, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executiv
2025-01-06 7:00 AM EST
Ivanhoe Electric's VRB Energy Subsidiary and Red Sun Sign Definitive Agreements for Formation of New Grid Scale Battery Joint Venture
Ivanhoe Electric to Allocate $20 million of Transaction Proceeds to Establish US-Domiciled Vanadium Redox Flow Battery BusinessPhoenix, Arizona--(Newsfile Corp. - October 15, 2024) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce today the signing of Definitive Agreements (the "Agreements") between the Company's 90%-owned subsidiary, VRB Energy Inc. ("VRB Energy"), a subsidiary of privately held Shanxi Red Sun Co., Ltd. ("Red...
2024-10-15 7:00 AM EDT
Ivanhoe Electric's VRB Energy Subsidiary Secures $55 Million Investment
Ivanhoe Electric to Use $20 Million of the Transaction Proceeds to Establish U.S.-based Grid Scale Vanadium Redox Flow Battery Manufacturing in ArizonaExisting VRB Energy Manufacturing Operation in China to become 51/49 Joint Venture Following $35 Million Investment from Red Sun, a Leading Asian New Energy GroupPhoenix, Arizona--(Newsfile Corp. - September 23, 2024) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that the Company's...
2024-09-23 7:00 AM EDT
Ivanhoe Electric On-Track to Deliver Santa Cruz Copper Project Preliminary Feasibility Study in Q2 2025
Ivanhoe Electric Will Use the Preliminary Feasibility Study to Pursue Long-term Project FinancingMetallurgical Results from Ongoing Testwork Show High Copper Recoveries and Recoverable Precious MetalsSanta Cruz Copper Project Received General Plan Amendment Approval from the City of Casa Grande and is Preparing Key Permit Applications for Submittal in H1 2025Recent Infill Drilling Intersects High-Grade Copper Mineralization at the Santa Cruz Deposit, Including 99 Meters Grading 2.39% CopperPhoenix, Arizona--(Ne
2024-09-16 7:00 AM EDT
Mike Patterson Joins Ivanhoe Electric as Vice President, Investor Relations and Business Development
Phoenix, Arizona--(Newsfile Corp. - August 20, 2024) - Ivanhoe Electric (NYSE American: IE) (TSX: IE) President and Chief Executive Officer Taylor Melvin is pleased to announce that Mike Patterson joined the Company as the Vice President of Investor Relations and Business Development, effective August 19, 2024. Mike will be a key leader of the Company's investor relations function and the communications and business development teams in support of the Company's strategic growth initiatives. He will be based at...
2024-08-20 7:30 AM EDT