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.

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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.

Ivanhoe Electric (IE) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.74 per share a year ago.

Ivanhoe Electric (IE) Reports Q3 Loss, Lags Revenue Estimates

Ivanhoe Electric to Allocate $20 million of Transaction Proceeds to Establish US-Domiciled Vanadium Redox Flow Battery Business Phoenix, 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 Sun"), and certain other affiliates, finalizing the terms of the transaction announced on September 23, 2024 (refer to Ivanhoe Electric's September 23, 2024 news release).

Ivanhoe Electric's VRB Energy Subsidiary and Red Sun Sign Definitive Agreements for Formation of New Grid Scale Battery Joint Venture

Ivanhoe Electric has seen a selloff despite strong copper prices. The entire enterprise value is now less than the asset value of the company's primary project alone. IE is backed by several reputable strategic investors.

Ivanhoe Electric: A Long-Term Bet On Copper

Ivanhoe Electric to Use $20 Million of the Transaction Proceeds to Establish U.S.-based Grid Scale Vanadium Redox Flow Battery Manufacturing in Arizona Existing VRB Energy Manufacturing Operation in China to become 51/49 Joint Venture Following $35 Million Investment from Red Sun, a Leading Asian New Energy Group Phoenix, 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 90%-owned subsidiary, VRB Energy Inc. ("VRB Energy"), has executed a binding Term Sheet (the "Agreement") with a subsidiary of privately held Shanxi Red Sun Co., Ltd. ("Red Sun") and VRB Energy's wholly-owned subsidiary, VRB Energy System (Beijing) Co., Ltd.

Ivanhoe Electric's VRB Energy Subsidiary Secures $55 Million Investment

Ivanhoe Electric Will Use the Preliminary Feasibility Study to Pursue Long-term Project Financing Metallurgical Results from Ongoing Testwork Show High Copper Recoveries and Recoverable Precious Metals Santa Cruz Copper Project Received General Plan Amendment Approval from the City of Casa Grande and is Preparing Key Permit Applications for Submittal in H1 2025 Recent Infill Drilling Intersects High-Grade Copper Mineralization at the Santa Cruz Deposit, Including 99 Meters Grading 2.39% Copper Phoenix, Arizona--(Newsfile Corp. - September 16, 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 provide an update on the ongoing progress at the Company's Santa Cruz Copper Project in Arizona. Mr. Melvin commented: "We are encouraged by the ongoing progress at our Santa Cruz Copper Project.

Ivanhoe Electric On-Track to Deliver Santa Cruz Copper Project Preliminary Feasibility Study in Q2 2025

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.

Mike Patterson Joins Ivanhoe Electric as Vice President, Investor Relations and Business Development

Initial Program Testing Chargeability Anomaly Identified by Typhoon™ and Computational Geosciences' Inversion Software Typhoon™ Survey Near Ma'aden's Al Amar Gold-Copper-Zinc Mine Now Exceeds 155 km2 RIYADH, SAUDI ARABIA / ACCESSWIRE / August 19, 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 the commencement of drilling in Saudi Arabia by the Joint Venture established between Ivanhoe Electric and Saudi Arabian Mining Company Ma'aden ("Ma'aden") (1211). Ivanhoe Electric's Founder and Executive Chairman Robert Friedland commented: "Today's announcement marks an important milestone for our exploration Joint Venture with Ma'aden in the Kingdom of Saudi Arabia.

Ivanhoe Electric and Ma'aden Joint Venture Commences Drilling Activities in Saudi Arabia

PHOENIX, AZ / ACCESSWIRE / August 13, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric", the "Company" or "IE") (NYSE American:IE)(TSX:IE) Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that the Company, through its wholly-owned subsidiary Mesa Cobre Holding Corporation ("Mesa Cobre"), completed the final US$10 million payment to exercise its option to acquire 100% ownership of the mineral rights at the Santa Cruz Copper Project in Arizona. Following this transaction, Ivanhoe Electric now owns 100% of the mineral and surface rights for the Santa Cruz Copper Project.

Ivanhoe Electric Secures 100% Ownership of Mineral Rights at its Santa Cruz Copper Project with Final Option Payment

Ivanhoe Electric (IE) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.41 per share a year ago.

Ivanhoe Electric (IE) Reports Q2 Loss, Misses Revenue Estimates

PHOENIX, AZ / ACCESSWIRE / June 13, 2024 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE)(TSX:IE) clarifies misleading certain media headlines speculating that Saudi Arabia Mining Company ("Ma'aden") will sell Ivanhoe Electric shares under the recently filed Registration Statement. The Registration Statement was filed pursuant to an obligation in the Investor Rights Agreements ("IRA") entered into between Ivanhoe Electric and Ma'aden at the time of Ma'aden's initial investment in Ivanhoe Electric.

Ivanhoe Electric Clarifies Certain Misleading Media Headlines Regarding Its Recent Registration Statement Filing

PHOENIX, AZ / ACCESSWIRE / May 16, 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 its multi-year commitment for a $150,000 contribution to the Native American Mining and Energy Sovereignty Initiative ("NAMES"), part of the Payne Institute for Public Policy at Colorado School of Mines ("Mines"), one of the world's foremost universities of mineral and energy engineering. NAMES serves as a beacon of support for Tribal communities, facilitating dialogue between stakeholders and driving forward-thinking discussions on mineral and energy development in the western United States.

Ivanhoe Electric Announces Multi-Year Sponsorship with the Native American Mining and Energy Sovereignty Initiative (NAMES) through Colorado School of Mines

BHP Billiton

The Alliance Will Focus Initially on Six Areas of Interest in the Southwest United States BHP to Contribute $15 Million of Exploration Capital over Initial Three-year Term Ivanhoe Electric will Provide Access to its New Generation Typhoon™ Geophysical Survey System and Computational Geosciences' Inversion Software Ivanhoe Electric will Operate the Alliance During the Exploration Phase, with any Joint Ventures Formed Owned 50/50 PHOENIX, AZ / ACCESSWIRE / May 8, 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 the signing of a definitive Exploration Alliance Agreement or "the Alliance" with a subsidiary of BHP (ASX: BHP, NYSE: BHP, LSE: BHP). The Exploration Alliance Agreement sets out the framework for BHP and Ivanhoe Electric to explore mutually agreed "Areas of Interest" or AOIs in the United States to identify projects within those AOIs that may become 50/50 owned joint ventures.

Ivanhoe Electric Announces Exploration Alliance with BHP to Accelerate the Search for Copper and Other Critical Minerals in the United States

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.

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