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.

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.

CORRECTING AND REPLACING: Ivanhoe Electric Announces Completion of the Initial Assessment for the Santa Cruz Copper Project in Arizona

Ivanhoe Electric Announces Completion of the Initial Assessment for the Santa Cruz Copper Project in Arizona

VRB-ESS® Utilize a Vanadium Electrolyte that Can Be Charged and Discharged Over an Almost Unlimited Number of Cycles VRB-ESS® Energy Storage Capabilities are Ideal for Daily Cycling Required to Support Utility Substations, Large Commercial and Industrial Sites and for Integrating Solar, Wind and Microgrid Facilities VRB Energy Currently has Over 500 MWh of Energy Storage Capacity Installed or in Development PHOENIX, AZ / ACCESSWIRE / August 30, 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 after months of rigorous testing, the Company's 90%-owned subsidiary, VRB Energy, Inc. ("VRB Energy") has obtained Underwriters Laboratories ("UL") 1973 certification for its Third Generation Energy Storage System ("Gen3 VRB-ESS®"). UL 1973 is recognized as a global standard for commercially available battery energy storage.

Ivanhoe Electric's 90%-Owned Subsidiary VRB Energy Achieves Milestone Global Safety Certification for its Third Generation Vanadium Redox Flow Batteries ("VRB-ESS(R)")

Drill Rigs Currently Active at the Santa Cruz, Tintic, Hog Heaven and Lincoln Projects Typhoon™ Technology Deployed at the White Hill Project PHOENIX, AZ / ACCESSWIRE / August 1, 2023 / 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 current exploration activities at the Company's U.S. electric metals exploration projects. Ivanhoe Electric's experienced exploration teams are operating eight diamond drill rigs at its projects: Two drill rigs are exploring the Tintic Copper-Gold-Silver Project, located 60 miles south of Salt Lake City, Utah.

Ivanhoe Electric Provides Update on Drilling Programs Underway at its U.S. Electric Metals Exploration Projects

(Kitco News) - Ivanhoe Electric (NYSE: IE) (TSX: IE) today announced the closing of the transactions with Saudi Arabian Mining Company Ma'aden previously announced in Ivanhoe Electric's May 15, 2023 and January 11, 2023 news releases.

Ivanhoe Electric establishes exploration JV with Saudi Arabian mining giant Ma'aden

50/50 Joint Venture to Begin Exploring for Electric Metals in the Underexplored Arabian Shield in Saudi Arabia Ma'aden Becomes a 9.9% Shareholder of Ivanhoe Electric Sofia Bianchi Joins Ivanhoe Electric's Board of Directors PHOENIX, AZ / ACCESSWIRE / July 6, 2023 / Ivanhoe Electric (NYSE American:IE)(TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to announce the closing of the transactions with Saudi Arabian Mining Company Ma'aden ("Ma'aden") (Saudi Stock Exchange Tadawul: 1211) previously announced in Ivanhoe Electric's May 15, 2023 and January 11, 2023 news releases. Ma'aden has invested US$127.1 million in new common stock of Ivanhoe Electric to become a 9.9% shareholder.

Ivanhoe Electric and Ma'aden Formally Establish Exploration Joint Venture and Close Previously Announced Strategic Investment

Vancouver, British Columbia--(Newsfile Corp. - June 26, 2023) - Kaizen Discovery Inc. (TSXV: KZD) (otherwise "Kaizen" or "the Company") announces today that it has arranged a short-term loan of C$2 million (the "Short-Term Loan") from Kaizen's indirect majority shareholder, Ivanhoe Electric Inc. ("IE"). IE will advance funds under the Short-Term Loan at its discretion from time to time upon request by Kaizen prior to the maturity date.

Kaizen Discovery Arranges C$2 Million Short-Term Loan from Ivanhoe Electric

Infill Drill Hole SCC-057 Intersected 78.0 Meters Grading 1.97% Copper, Including 50.8 Meters Grading 2.60% Copper Santa Cruz Initial Assessment Remains on Schedule for Completion by End of Q3 2023 PHOENIX, AZ / ACCESSWIRE / June 14, 2023 / 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 the drilling operations underway at the Santa Cruz Copper Project, located west of Casa Grande, Arizona. Ivanhoe Electric controls private surface land, the patented mineral rights and the associated water rights encompassing the entire Santa Cruz Project (refer to Ivanhoe Electric's May 24, 2024, news release).

Recent Infill Drilling at Ivanhoe Electric's Santa Cruz Copper Project in Arizona Identifies New High-Grade Soluble Copper Mineralization and Continues to Validate Mineral Resource Model

PHOENIX, AZ / ACCESSWIRE / June 8, 2023 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE)(TSX:IE) announces the results of voting by shareholders at its 2023 Annual Meeting of Stockholders (the "Annual Meeting") held today in Tempe, Arizona. The election of the director nominees was confirmed with voting results as follows: Director Nominee Votes For % For Against % Against Withheld % Withheld Robert Friedland 73,927,159 98.00 % 1,510,836 2.00 % 580 0.00 % Taylor Melvin 75,340,904 99.87 % 97,061 0.13 % 610 0.00 % Russell Ball 68,258,527 90.48 % 7,179,438 9.52 % 610 0.00 % Hirofumi Katase 74,221,317 98.39 % 1,216,648 1.61 % 610 0.00 % Patrick Loftus-Hills 75,414,191 99.97 % 23,773 0.03 % 611 0.00 % Victoire de Margerie 75,347,441 99.88 % 90,533 0.12 % 601 0.00 % Priya Patil 67,869,386 89.97 % 7,568,338 10.03 % 851 0.00 % Ronald Vance 75,419,891 99.98 % 17,884 0.02 % 800 0.00 % In addition, shareholders ratified the appointment of Deloitte LLP as Ivanhoe Electric's independent registered public accounting firm for the fiscal year ending December 31, 2023 with 78,208,824 shares voted for (99.97%), 23,575 voted against (0.03%) and 115 withheld (0.00%).

Ivanhoe Electric Announces the Election of Directors at its Annual Meeting of Stockholders

The average of price targets set by Wall Street analysts indicates a potential upside of 30.4% in Ivanhoe Electric (IE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Ivanhoe Electric (IE) Could Surge 30.37%: Read This Before Placing a Bet

Ivanhoe Electric Now Has Control Over Surface Land and Mineral Rights Encompassing the Entire Santa Cruz Project PHOENIX, AZ / ACCESSWIRE / May 24, 2023 / Ivanhoe Electric (NYSE American:IE)(TSX:IE) announces today the closing of its previously disclosed private land acquisition at its Santa Cruz Copper Project in Casa Grande, Arizona. The terms of the Purchase and Sale Agreement ("PSA") for the acquisition of surface title and associated water rights are described in Ivanhoe Electric's May 11, 2023, news release.

Ivanhoe Electric Closes Acquisition of Private Land at the Santa Cruz Copper Project in Arizona

The mean of analysts' price targets for Ivanhoe Electric (IE) points to a 30.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Ivanhoe Electric (IE) Could Rally 30.17%: Here's is How to Trade

(Kitco News) - Ma'aden will invest $126.5 million in Ivanhoe Electric (NYSE American:IE).

Ivanhoe Electric receives $126.5 million investment from Saudi Arabia's Ma'aden

Transaction Creates Groundbreaking 50/50 Exploration Joint Venture in the Kingdom of Saudi Arabia Ma'aden will Complete a US$126.5 Million Strategic Investment in Ivanhoe Electric Common Stock PHOENIX, AZ / ACCESSWIRE / May 15, 2023 / Ivanhoe Electric (NYSE American:IE)(TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin announce today the signing of a Definitive Agreement with Saudi Arabian Mining Company Ma'aden ("Ma'aden") (Saudi Stock Exchange Tadawul: 1211), finalizing the terms of the transactions announced on January 11, 2023 (refer to Ivanhoe Electric's January 11, 2023 news release). Mr. Friedland commented: "We are excited to finalize our transaction terms with Ma'aden and begin the important work of minerals exploration in the Kingdom of Saudi Arabia.

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