Ivanhoe Electric Inc / US

Ivanhoe Electric, Inc. is a minerals exploration and development company which focuses on developing mines from mineral deposits. Its projects include Santa Cruz Copper and Tintic Copper-Gold Projects. It operates though the following segments: Critical Metals, Data Processing, and Energy Storage. The Critical Metals segment handles mineral project exploration and development with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification. The Data Processing segment provides data analytics, geophysical modeling, and artificial intelligence services for mineral, oil and gas, and water exploration industries. The Energy Storage segment develops, manufactures and installs vanadium flow batteries for grid-scale energy storage. The company was founded on July 14, 2020 and is headquartered in Vancouver, Canada.

Earnings data Q2 2022

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Ivanhoe Electric, Inc. is a minerals exploration and development company which focuses on developing mines from mineral deposits. Its projects include Santa Cruz Copper and Tintic Copper-Gold Projects. It operates through the following segments: Critical Metals, Data Processing, and Energy Storage. The Critical Metals segment handles mineral project exploration and development with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification. The Data Processing segment provides data analytics, geophysical modeling, and artificial intelligence services for mineral, oil and gas, and water exploration industries. The Energy Storage segment develops, manufactures, and installs vanadium flow batteries for grid-scale energy storage. The company was founded on July 14, 2020 and is headquartered in Tempe, AZ.

Initial 76 km2 Typhoon™ Survey on the Umm Ash Shalahib Exploration License Surrounding Ma'aden's Al Amar Gold-Copper-Zinc Mine is Complete Computational Geosciences Rapidly Processed the Initial Typhoon™ Results and Identified Two High Priority Anomalies for Drill Testing Construction and Delivery of the First of Three New Generation Typhoon™ Units Ordered by the Joint Venture is Complete Next Stage Mapping and Sampling Commencing on Additional Joint Venture Lands in the Al Amar and Wadi Bidah Belts RIYADH, SAUDI ARABIA / ACCESSWIRE / April 11, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE)(TSX:IE) is pleased to provide this update following the completion of the first full quarter of exploration activities in Saudi Arabia by our 50/50-owned joint venture company (the "Joint Venture") established between Ivanhoe Electric and Saudi Arabian Mining Company Ma'aden ("Ma'aden") (Saudi Stock Exchange Tadawul: 1211). Ivanhoe Electric's President and Chief Executive Officer Taylor Melvin commented: "We had an exceptional first quarter of exploration activities in Saudi Arabia with our partners at Ma'aden.

Ivanhoe Electric and Saudi Arabian Mining Company Ma'aden Complete First Full Quarter of Exploration Activities in Saudi Arabia

PHOENIX, AZ / ACCESSWIRE / April 8, 2024 / Ivanhoe Electric (NYSE American:IE)(TSX:IE) President and Chief Executive Officer Taylor Melvin is pleased to announce that Lara Sims will join the Company as the Vice President, Health and Safety commencing April 8th, 2024. Ms. Sims is an experienced leader with over 20 years in the mining industry developing and managing Health and Safety strategies for several large-scale mining operations across the United States.

Lara Sims Joins Ivanhoe Electric as Vice President, Health and Safety

Drill Hole HHD-014 Intersects 82 Meters Containing 0.63% Copper, 0.32 g/t Gold and 37.8 g/t Silver from 568 Meters High-Grade Vein Zone Includes 3.95 Meters Containing 5.78% Copper, 2.2 g/t Gold and 264.7 g/t Silver Mineralization in Drill Hole HHD-014 Intersected over 500 Meters West of Flathead Mine, and Remains Open in Several Directions Drilling To Date Demonstrated the High-Sulfidation Epithermal Mineralization has a Strike Length of at least 800 Meters Around the Northern Edge of the Flathead Diatreme PHOENIX, AZ / ACCESSWIRE / April 2, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE)(TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to announce a significant intersection of copper in high-sulfidation epithermal mineralization at the Hog Heaven Project located on private land approximately 50 miles southwest of Kalispell, Montana. Mr. Friedland commented: "Since our earliest drill holes at Hog Heaven, we have been struck by the widespread sulfide mineralization containing a wide variety of both base and precious metals seen throughout the system.

Ivanhoe Electric Reports Best Copper-Gold-Silver Intersection To Date at Its Hog Heaven Project in Montana

Joint Venture Partner Sama Resources Announced a New Preliminary Economic Assessment for the Project Delivering a Pre-tax NPV8 of US$463M and a Pre-tax IRR of 28.2%, with an Estimated Initial Capital Cost of US$338M The Project has the Potential for a 16-Year Mine Life Producing a Conventional 26% Copper Concentrate and a 13% Nickel Concentrate, with Associated Platinum, Palladium and Cobalt By-Products PHOENIX, AZ / ACCESSWIRE / March 25, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE);(TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to announce today that Ivanhoe Electric has completed its earn-in to acquire a 60% interest in the Samapleu-Grata Nickel-Copper Project in the Ivory Coast ("Project"). On March 21, 2024, Ivanhoe Electric's joint venture partner at the Project, Sama Resources Inc. ("Sama") (TSXV:SME), disclosed a new 2024 preliminary economic assessment for the Project ("2024 PEA") in accordance with National Instrument 43-101.

Ivanhoe Electric Announces Completion of Earn-In to Acquire a 60% Interest in the Samapleu-Grata Nickel-Copper Project in the Ivory Coast

Recent Advancements in CGI's Machine Learning-based Software Improve Quality and Speed of Typhoon™ Data Processing Updated Interpretation of Typhoon™ Survey Data at Tintic Resulted in Refined Drill Targets Ivanhoe Electric and CGI Are Utilizing the Latest Software in Recent U.S. Surveys and in the Company's Saudi Arabian Exploration Joint Venture with Ma'aden PHOENIX, AZ / ACCESSWIRE / March 14, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE)(TSX:IE) and its subsidiary, Computational Geosciences Inc. ("CGI"), are pleased to provide an update on CGI's proprietary software applications used to interpret Typhoon™ data. CGI continually improves its proprietary algorithms, leveraging advanced machine learning data processing technologies, to deliver higher quality Typhoon™ geophysical inversion models with quicker turnaround times.

Ivanhoe Electric Announces Application of Latest Computational Geosciences Inc. Software at Tintic Copper-Gold-Silver Project in Utah

Ivanhoe Electric (IE) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to loss of $0.41 per share a year ago.

Ivanhoe Electric (IE) Reports Q4 Loss, Misses Revenue Estimates

Recent Drilling at the Santa Cruz Project in Arizona Confirms Continuity of High-Grade Copper Mineralization within the Verde Domain Drilling at Tintic Intersects Widespread Porphyry-Style Sulfide Mineralization at Sunbeam Exploration Area Step-Out Drilling at Hog Heaven Extends Mineralization 150 Meters to the West of Nearest Drilling Results of TyphoonTM Geophysical Survey at Hog Heaven Guiding Future Drilling Plans PHOENIX, AZ / ACCESSWIRE / February 22, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE)(TSX:IE) is pleased to provide a comprehensive update on the ongoing exploration activities at its projects located in Arizona, Utah, and Montana. Infill and step-out drilling at the Verde Domain within the Santa Cruz deposit confirms continuity of the Verde Domain and provides encouragement for additional similar discoveries As first reported in our January 8th, 2024 news release, infill and technical drilling at Santa Cruz has confirmed the presence of high-grade soluble copper within mineralized Oracle Granite.

Ivanhoe Electric Provides Update on Exploration Drilling Activity at Santa Cruz, Tintic and Hog Heaven Projects

(Newsfile Corp. - February 6, 2024) - Kaizen Discovery Inc. (TSXV: KZD) (otherwise "Kaizen" or "the Company") announces today the completion of the acquisition by Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("IE")  of all of the issued and outstanding common shares of the Company (the "Common Shares") not already beneficially owned by IE pursuant to a plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"). Immediately prior to the closing of the Arrangement, IE beneficially owned 54,428,971 Common Shares, representing 82.54% of the issued and outstanding Common Shares on a non-diluted basis.

Kaizen Discovery and Ivanhoe Electric Complete Arrangement

Exploration Drill Hole HHD-007 Intersects 348 Meters Containing 0.43 g/t Gold, 40.48 g/t Silver, 0.22% Lead, and 0.12% Zinc, from 141 to 489 Meters High-Grade Vein Within HHD-007 Returns One Meter Containing 2,180 g/t Silver, 5.16 g/t Gold, 6.00% Lead, 6.14% Zinc and 0.63% Copper from 147.8 to 148.8 Meters Results of Ongoing Exploration Drilling Provide Further Evidence for the Existence of a Porphyry Deposit Hog Heaven Drill Program has Completed 10,905 Meters in 12 Drill Holes Since June 2023 PHOENIX, AZ / ACCESSWIRE / February 5, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE)(TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to report recent drill results from the ongoing exploration program at the Hog Heaven Project located on private land approximately 50 miles southwest of Kalispell, Montana. Mr. Melvin commented: "We are encouraged by the recent drill results at our Hog Heaven Project in Montana.

Ivanhoe Electric Reports Recent Drill Results from its Initial Exploration Program at the Hog Heaven Project in Montana

Vancouver, British Columbia--(Newsfile Corp. - February 1, 2024) - Kaizen Discovery Inc. (TSXV: KZD) (otherwise "Kaizen" or "the Company"), announces today that it obtained a final order from the Supreme Court of British Columbia with respect to the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the "Arrangement"), pursuant to which Ivanhoe Electric Inc. ("IE") will acquire all of the outstanding common shares of Kaizen not already beneficially owned by IE. Receipt of the final order follows the approval of the Arrangement by Company securityholders at the Special Meeting of the Company held on January 29, 2024, at which the Company securityholders voted in favour of the Arrangement by a vote of 62,793,356 For and 1,615,875 Against, and the majority of the minority of Company shareholders approved of the Arrangement by a vote of 2,435,728 For and 1,615,875 Against.

Kaizen Discovery Announces Voting Results from Special Meeting of Securityholders and Receipt of Final Order Approving the Arrangement with Ivanhoe Electric

Three Chargeability Anomalies have been Identified by TyphoonTM on the Umm Ash Shalahib Exploration License to the South of Ma'aden's Al Amar Gold-Copper-Zinc Mine The Umm Ash Shalahib Typhoon Survey Will Eventually Cover more than 65 km2 and is Approximately 30% Complete Ma'aden and Ivanhoe Electric Formed Their 50/50 Joint Venture in 2023 to Explore for Copper, Gold, Silver and other Electric Metals on over ~48,500 km2 of Underexplored Arabian Shield RIYADH, SAUDI ARABIA / ACCESSWIRE / January 09, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE)(TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce results from the initial TyphoonTM survey conducted in Saudi Arabia by the 50/50-owned joint venture company (the "Joint Venture") established between Ivanhoe Electric and Saudi Arabian Mining Company Ma'aden ("Ma'aden") (Saudi Stock Exchange Tadawul: 1211). Ma'aden and Ivanhoe Electric established the Joint Venture to unlock the significant mineral potential in the Kingdom of Saudi Arabia.

Ivanhoe Electric and Saudi Arabian Mining Company Ma'aden Receive Initial Results from the First Typhoon(TM) Survey in Saudi Arabia

37 Drill Holes Totaling 25,176 Meters of Development Drilling Completed Since Release of the September 2023 Initial Assessment Ongoing Technical Work is Advancing to Support a Preliminary Feasibility Study Expected to be Completed by the End of Q2 2025 Recent Infill Drilling Has Delineated a High-Grade Oxide Copper Domain at Santa Cruz; Drill Hole SCC-125 Intersected 66 Meters at 2.85% Total Copper 14 Drill Holes Totaling 12,510 Meters of Exploration Drilling Completed in 2023 Recent Assays at Texaco Ridge Confirm Step-out Mineralization; Drill Hole SCC-122 Intersected 327 Meters Grading 0.81% Total Copper, Southwest of the Existing Texaco Mineral Resource Recent Acquisition of Approximately 6,900 Acres of Exploration Permits Brings the Santa Cruz Project Mineral Rights to Over 18,700 Acres PHOENIX, AZ / ACCESSWIRE / January 8, 2024 / Ivanhoe Electric Inc. (NYSE American:IE)(TSX:IE) Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide an update on ongoing infill and exploration drilling and technical work at the Santa Cruz Copper Project, located west of Casa Grande, Arizona. Mr. Friedland commented: "Our extensive exploration and development drilling programs at the Santa Cruz Copper Project have yielded very strong results and continue to uncover the full potential of the project.

Ivanhoe Electric Provides Update on Activities at its Santa Cruz Copper Project in Arizona

As the Exclusive Technology Sponsor for the Future Minerals Forum, Ivanhoe Electric will have its Powerful Typhoon™ Geophysical Surveying System on Display PHOENIX, AZ / ACCESSWIRE / January 3, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE)(TSX:IE) is pleased to announce that Mr. Robert Friedland, Executive Chairman of Ivanhoe Electric Inc.

Executive Chairman Robert Friedland to Deliver a Keynote Presentation at the Future Minerals Forum in Riyadh, Saudi Arabia on January 10, 2024

Vancouver, British Columbia--(Newsfile Corp. - December 4, 2023) - Kaizen Discovery Inc. (TSXV: KZD) (otherwise "Kaizen" or "the Company"), announces today that the Company has entered into a definitive arrangement agreement (the "Agreement") pursuant to which Ivanhoe Electric Inc. ("IE") will acquire all of the outstanding common shares of Kaizen not already beneficially owned by IE ("Company Shares") in an all-share transaction (the "Arrangement"). IE currently owns, through its subsidiary Ivanhoe Electric (BVI) Inc., 54,428,970 Company Shares, or approximately 82.54% of Company Shares outstanding.

Kaizen Discovery Announces Friendly Acquisition of the Company by Ivanhoe Electric

(Kitco News) - Ivanhoe Electric (NYSE: IE) (TSX: IE) announced on Wednesday that exploration activities have commenced in Saudi Arabia by the 50/50-owned joint venture company established between Ivanhoe Electric and Saudi Arabian Mining Company Ma'aden.

Ivanhoe Electric and Ma'aden begin JV exploration activities in Saudi Arabia, focusing on copper and gold

Ma'aden and Ivanhoe Electric Formed a 50/50 Joint Venture Earlier this Year to Explore for Copper, Gold, Silver and other Electric Metals over ~48,500 km2 of Underexplored Arabian Shield Current Exploration Activities are Focused on the Al Amar Exploration Licenses Around Ma'aden's Al Amar Mine The Joint Venture's First TyphoonTM Survey is Underway at Al Amar Subsequent Exploration Efforts in 2024 and 2025 will Target the Wadi Bidah and Bir Umq Belts PHOENIX, AZ / ACCESSWIRE / November 29, 2023 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE; TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to announce that exploration activities have commenced in Saudi Arabia by the 50/50-owned joint venture company (the "Joint Venture") established between Ivanhoe Electric and Saudi Arabian Mining Company Ma'aden ("Ma'aden") (Saudi Stock Exchange Tadawul: 1211). Ma'aden and Ivanhoe Electric established the Joint Venture to unlock the significant mineral potential in the Kingdom of Saudi Arabia.

Ivanhoe Electric and Saudi Arabian Mining Company Ma'aden Commence Joint Venture Exploration Activities in Saudi Arabia

Ma'aden's Additional Funding Increases the Total Size of the Recent Equity Offering to Approximately $204 Million PHOENIX, AZ / ACCESSWIRE / October 23, 2023 / Ivanhoe Electric (NYSE American:IE)(TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to announce that Ma'aden, the Company's Joint Venture partner in Saudi Arabia and a 9.9% shareholder, has formally subscribed under its top-up right, as described in the Joint Venture closing news release on July 6, 2023. By exercising its top-up right, Ma'aden maintains its 9.9% ownership in Ivanhoe Electric common stock following the Company's follow-on equity offering in September.

Ivanhoe Electric Announces Signing of Subscription Agreement by Saudi Arabian Mining Company Ma'aden to Exercise its Top-up Right

Ceremony Held in Ulaanbaatar Celebrating Mr. Friedland's Valuable Contributions to Mongolia's Mining Industry ULAANBAATAR, MONGOLIA / ACCESSWIRE / October 16, 2023 / Ivanhoe Mines (TSX:IVN)(OTCQX:IVPAF) and Ivanhoe Electric (NYSE American:IE)(TSX:IE) congratulate Founder and Executive Co-Chairman of Ivanhoe Mines, and Founder and Executive Chairman of Ivanhoe Electric, Robert Friedland on receiving Mongolia's Order of the Polar Star.

Ivanhoe Mines and Ivanhoe Electric Congratulate Robert Friedland for Receiving Mongolia's Order of the Polar Star, the Highest State Honor for a Foreign Citizen

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Exploration Drilling Intersects Widespread Precious and Base Metal Mineralization To Significant Depth Below Historic Mining Levels Exploration Drill Hole HHD-005 Intersects 311 Meters Containing 0.35 g/t Gold, 22.89 g/t Silver, 0.36% Lead, and 0.55% Zinc, from 162 to 473 Meters Ivanhoe Electric's Proprietary Typhoon™ Geophysical Survey System Deployed to Advance the Search for Additional Epithermal Mineralization and Deep Porphyry Source at Hog Heaven PHOENIX, AZ / ACCESSWIRE / October 9, 2023 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE)(TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to provide an update on the status of ongoing exploration efforts, including the initial results of Ivanhoe Electric's exploration drilling, at the Hog Heaven exploration Project located on private land approximately 50 miles southwest of Kalispell, Montana. Mr. Friedland commented: "We have a wonderful opportunity at the Hog Heaven Project, located on private land in the silver-rich state of Montana, to pick up where legendary miners like Anaconda left off.

Ivanhoe Electric Reports First Drill Results from its Initial Exploration Program at the Hog Heaven Project in Montana

Aggregate Gross Proceeds from the Offering and the Exercise of the Underwriters' Option will be Approximately $184 Million PHOENIX, AZ / ACCESSWIRE / September 19, 2023 / 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 September 18, 2023 of the previously announced underwritten public offering of 11,851,852 shares of Ivanhoe Electric's common stock at a public offering price of US$13.50 per share. In addition, Ivanhoe Electric received notice from the underwriters on September 18, 2023, of the full exercise of their option to purchase an additional 1,777,777 shares of common stock from the Company.

Ivanhoe Electric Announces Closing of Public Offering and Exercise of Underwriters' Option

PHOENIX, AZ / ACCESSWIRE / September 14, 2023 / 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 11,851,852 shares of Ivanhoe Electric's common stock at a public offering price of US$13.50 per share. The gross proceeds from the offering are expected to be approximately US$160 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Ivanhoe Electric.

Ivanhoe Electric Announces Pricing and Upsizing of Public Offering

PHOENIX, AZ / ACCESSWIRE / September 13, 2023 / Ivanhoe Electric (NYSE American:IE)(TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to announce that Ivanhoe Electric intends to sell US $150 million of shares of its common stock in an underwritten public offering. In addition, Ivanhoe Electric intends to grant the underwriters a 30-day option to purchase up to an additional US $22.5 million of shares of its common stock.

Ivanhoe Electric Announces Public Offering of Common Stock

(Kitco News) - Ivanhoe Electric (NYSE: IE) (TSX: IE) today announced the completion of the initial assessment (IA) for the Santa Cruz copper project in Arizona.

Ivanhoe Electric says initial assessment for Santa Cruz 'green' copper project yields after-tax NPV of $1.3B

The Initial Assessment Focuses on a Small Surface Footprint, 5.9 Million Tonnes per Year High Grade Underground Copper Mining Operation Supported Solely by the High-Grade Exotic, Oxide and Enriched Domains of the Santa Cruz and East Ridge Deposits Additional Resources at the Texaco Deposit and the Large, Primary Sulfide Resources at Santa Cruz Provide Potential for Future Growth Life of Mine ("LOM") Copper Production Estimated to be 1.6 Million Tonnes over a 20-Year Mine Life, with an Average Grade of 1.58% Total Copper and C1 Cash Costs[1] of $1.36 per Pound Estimated LOM Copper Production Includes 1.0 Million Tonnes of 99.99% Pure Copper Cathode and 0.6 Million Tonnes of Copper Contained in a Concentrate that is 48% Copper by Weight Initial Capital Estimate of $1.15 Billion, After-tax NPV8% of $1.32 Billion and IRR of 23.0% Assuming LOM $3.80/lb Copper Price Base Case Utilizes 70% Renewable Energy, Resulting in Low Scope 1 and 2 Carbon Dioxide Equivalent ("CO2e") Emissions of 0.49 Tonnes of CO2e per Tonne of Copper Produced, Compared to the Industry Average of 3.9 Tonnes of CO2e per Tonne of Copper[2] Ivanhoe Electric Controls the Private Surface Land and Patented Mineral Rights Encompassing the Entire Santa Cruz Copper Project Ivanhoe Electric to Host Conference Call to Review the Initial Assessment at 11:00 am ET on Wednesday, September 6, 2023 PHOENIX, AZ / ACCESSWIRE / September 6, 2023 / Ivanhoe Electric (NYSE American:IE)(TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to provide the results from the Initial Assessment[3] ("IA") for its Santa Cruz Copper Project, located west of Casa Grande, Arizona. The IA is a preliminary technical and economic study for the Santa Cruz Copper Project and associated high-grade mineral resources included in the Santa Cruz and East Ridge deposits.

News for Ivanhoe Electric Inc / US Stock (IE)