Past year: ▼ 34%(9.15 – 17.19 USD)
Each one in plain English, with the numbers worked through for a shareholder.
8 July 2026material agreement● Neutral
Updated the governing agreement for the Ma'aden joint venture in Saudi Arabia so the venture can now hold exploration and mining licenses directly in its own name rather than only through Ma'aden - giving the partnership more independent standing.
29 May 2026material agreement● NeutralMajor
Mesa Cobre committed to buy a $64.7 million tunnel boring machine from Robbins for Santa Cruz's underground mine development, converting March's purchase option into a firm order.
10 Feb 2026material agreement● Neutral
Amended the terms of the pending Alacran sale to JCHX Mining, with Cordoba Minerals' ownership stake in the deal now recorded at 60.8% (down from 62.5%).
15 Dec 2025debt financing▲ GoodMajor
Mesa Cobre secured a $200 million project-financing loan facility from a bank syndicate led by National Bank of Canada (with Societe Generale and Bank of Montreal), earmarked for building the Santa Cruz mine - the company's first major project debt.
22 Oct 2025material agreement▲ GoodMajor
Raised roughly $144-165 million in a public offering at $15/share - triple February's offering price - to fund the remaining Santa Cruz land payments and project construction.
29 Aug 2025material agreement termination▲ Good
Gave notice it will exit, effective October 2025, a shared corporate-services and cost-sharing arrangement with Global Mining Management, an entity affiliated with Executive Chairman Robert Friedland's other companies - a sign Ivanhoe Electric is now large enough to run its own corporate functions independently.
23 June 2025resource reserve update▲ GoodMajor
Completed a Preliminary Feasibility Study for Santa Cruz confirming strong economics - a $1.9 billion after-tax project value, 24% projected return, 23-year mine life and $1.32/lb cash costs - the milestone needed to secure project financing, with construction targeted to start in 2026 and first copper in 2028.
8 May 2025material agreement▲ GoodMajor
Ivanhoe Electric's 62.5%-owned Colombian subsidiary Cordoba Minerals agreed to sell its remaining 50% stake in the Alacran copper-gold-silver deposit to China's JCHX Mining for up to $128 million, $88 million of it in cash at closing - Ivanhoe Electric exiting its Colombian copper exposure to concentrate on Arizona.
14 Feb 2025material agreement● Neutral
Closed the offering for about $66 million net, after the underwriter exercised its full over-allotment option.
12 Feb 2025material agreement▼ Bad
Launched another public stock offering, this time at $5.85 per unit - far below September 2023's $13.50 - reflecting a weaker share price.
15 Oct 2024material agreement▲ GoodMajor
Signed definitive agreements finalizing the VRB Energy/Red Sun battery joint venture announced in September, with closing expected by the end of October 2024.
23 Sept 2024material agreement▲ GoodMajor
Ivanhoe Electric's 90%-owned vanadium battery subsidiary, VRB Energy, agreed to a 51/49 joint venture with China's Red Sun Group to manufacture vanadium flow batteries for Asia, the Middle East and Africa - Red Sun paying $20 million for its stake plus a further $35 million into the venture. A new business line for the company beyond copper mining.
13 Aug 2024asset acquisition disposition● Neutral
Mesa Cobre completed a $27.9 million purchase of the remaining mineral rights under the Santa Cruz project site, exercising an option first signed back in 2021.
9 May 2024material agreement● Neutral
Set formal pay and change-of-control terms for Executive Chairman Robert Friedland: a $500,000 base salary plus bonus targets of up to 300% of salary.
8 May 2024material agreement▲ GoodMajor
Signed a three-year Exploration Alliance Agreement with mining major BHP to jointly hunt for copper and other critical minerals across Arizona, New Mexico and Utah, with discoveries able to become 50/50 joint ventures - a second major strategic partner alongside Ma'aden.
24 Oct 2023capital raising announcement● Neutral
The amendment attaching the actual agreement puts numbers on Ma'aden's top-up: 1,513,650 shares at $13.50 for $20.4 million, closing 31 October - the same price September's public buyers paid. The Saudi miner's 9.9% stake was restored rather than enlarged.
What it means for a shareholder
1.5m new shares at US$13.50 to raise about US$20.4m. That's 1.3% dilution: every existing holder's slice gets 1.3% smaller. If you held US$1,000 of shares (74 at the issue price), your slice goes from 0.000063% to 0.0000622% of the company. To keep it you'd need 1 more shares - about US$14 at the issue price.
Create a free account to see this worked out for your own holding.
23 Oct 2023capital raising announcement● Neutral
Ma'aden exercised its right to buy more shares to keep its 9.9% ownership stake after September's public offering diluted it - the top-up mechanic from its investment agreement working as designed.
14 Sept 2023material agreement▲ GoodMajor
Raised about $160 million in a public stock offering (11.85 million shares at $13.50) underwritten by BMO and J.P. Morgan, to fund project development.
24 May 2023asset acquisition disposition▲ GoodMajor
Closed the Mesa Cobre land purchase next to Santa Cruz at a final price of $116.86 million, about $3.6 million less than first announced after a survey trimmed the acreage.
15 May 2023material agreement▲ GoodMajor
Formalized the Ma'aden investment with a definitive subscription agreement for Ma'aden to buy a 9.9% equity stake for roughly $126.5 million, converting January's non-binding framework into a signed deal.
11 May 2023debt financing● NeutralMajor
Ivanhoe Electric's subsidiary Mesa Cobre agreed to buy about 6,200 acres of land plus water and surface rights next to the Santa Cruz project for $120.5 million, payable in installments through 2027 - land needed to eventually build the mine.
11 May 2023debt financing● Neutral
Amended version of the same Mesa Cobre land-purchase filing, correcting the reported event date; deal terms unchanged.
14 Feb 2023resource reserve update▲ GoodMajor
Updated resource estimate at the Santa Cruz copper project in Arizona: contained copper in higher-confidence (Indicated) resources rose 82% at the main deposit, and first-ever resources were declared at two adjacent deposits, East Ridge and Texaco, meaningfully expanding the project's scale.
11 Jan 2023capital raising announcement▲ GoodMajor
Ivanhoe Electric signed a binding framework with Saudi Arabian Mining Company (Ma'aden) for Ma'aden to invest $126.4 million for a 9.9% equity stake and jointly fund a new 50/50 exploration joint venture in Saudi Arabia - the company's first major strategic partner and its entry into the Middle East.
27 June 2022listing compliance notice▲ GoodMajor
the exchange certified Ivanhoe Electric Inc.'s securities for listing, clearing them to begin trading.
