Ivanhoe Electric Inc.(TSX:IE)

Ivanhoe Electric is a technology-driven minerals exploration and development company based in the United States, focusing on copper and other critical metals essential for electric transmission, manufacturing, infrastructure, and national security.

Investor website: https://ivanhoeelectric.com/

About

Ivanhoe Electric is a technology-driven minerals exploration and development company based in the United States, focusing on copper and other critical metals essential for electric transmission, manufacturing, infrastructure, and national security. The company operates wholly owned assets in the U.S. and has joint ventures in Saudi Arabia and Chile. Utilizing the Typhoon™ geophysical surveying system and advanced data analytics from its subsidiary, Computational Geosciences Inc., Ivanhoe Electric aims to accelerate and de-risk the mineral exploration process. The company is committed to responsible project development and strong community relationships.

Verified company data

Cash position
not available
Shares outstanding
158.0M
Fully diluted shares
not available
Mineral resource
High-Grade Mineral Reserves and Significant Additional Mineral Resources - Probable Mineral Reserves of 136 million tonnes at a grade of 1.08% copper totaling 1.5 million tonnes of contained copper supports a 23-year mine life - Indicated Mineral Resources, exclusive of Mineral Reserves, contain a further 1.5 million tonnes of contained copper, of which 1 million tonnes are amenable to heap leaching and if converted to Mineral Reserves, potentially represent near-mine expansion potential - Inferred Mineral Resources across the Santa Cruz, East Ridge, and Texaco Deposits add a further 3.3 million tonnes of copper Santa Cruz Copper Project Mineral Resource Estimate (Inclusive of Mineral Reserves) | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Deposit | Classification | Tonnes<br>(thousand tonnes) | Total Copper<br>(%) | Gold<br>(grams per tonne) | Silver<br>(grams per tonne) | Contained Gold<br>(thousand troy ounces) | Contained Silver<br>(thousand troy ounces) | Contained Copper<br>(thousand tonnes) | | Santa Cruz | Indicated | 317,709 | 0.95 | 0.027 | 1.62 | 279 | 16,513 | 3,017 | | Inferred | 31,998 | 0.73 | 0.021 | 1.78 | 21 | 1,832 | 232 | | East Ridge | Indicated | 8,742 | 1.00 | 0.014 | 0.68 | 4 | 191 | 88 | | Inferred | 48,676 | 0.89 | 0.006 | 0.40 | 9 | 623 | 436 | | Texaco | Inferred | 341,345 | 0.78 | 0.028 | 0.81 | 302 | 8,850 | 2,664 | | **All Deposits** | **Indicated** | **326,450** | **0.95** | **0.027** | **1.59** | **283** | **16,704** | **3,104** | | **All Deposits** | **Inferred** | **422,020** | **0.79** | **0.025** | **0.83** | **333** | **11,304** | **3,332** |
Projects
["Santa Cruz Copper Project\nOne of America's Next Copper Mines for Domestic Supply Chain Security\n\n_President and CEO, Taylor Melvin -_ Our advanced Santa Cruz Copper Project will be **a significant long-term U.S. producer of copper cathode** **to help meet domestic demand**. We are fortunate to have such a high-quality asset in Arizona, a state with a rich mining history and a bright mining future.\n\nLocation\nArizona, USA\n\nOwnership\n~ 6,000 acres of 100%-owned private surface, mineral and associated water rights\n\nMetal\nCopper\n\nOpportunity\nSanta Cruz Copper Project has the potential to be one of America's next high-quality copper mines, producing pure copper cathode to help meet domestic demand as early as 2028.\n\n**High-quality advanced copper project on 100%-owned private land in Arizona, USA.**\n\n**High-grade reserves, modern underground mining and 100% copper cathode production.**\n\n**Located at the heart of a rapidly growing industrial corridor with excellent access to infrastructure.**\n\n**Low operating costs and among the most capital-efficient copper projects in the Americas.**\n\n**Targeting construction in 2026 and first copper cathode projected by 2028.**\n\n**Summary**\nIvanhoe Electric’s [June 2025 Preliminary Feasibility Study](https://ivanhoeelectric.com/site/assets/files/10491/scp-gr-rep-0001_ra_s-k_1300_final_june22_1930.pdf?451tic?451tic) defines the Santa Cruz Copper Project as a high-quality, underground mining operation in Casa Grande, Arizona. The Project is designed to produce 99.99% pure copper cathode over a 23-year mine life, using a 100% heap leach process. With strong economics, modern mining technologies and a location in the heart of Arizona, a state known for its prolific mining history and booming technology industry, Santa Cruz is poised to become one of the nation’s next major domestic producers of refined copper.\n\nThe Preliminary Feasibility Study, as prepared under United States regulatory requirements, provides the requisite engineering studies needed to pursue long-term project financing. Ivanhoe Electric is pursuing multiple avenues of funding, including support from United States government agencies, commercial lending institutions and potential strategic partners at the asset level.\n\n**Highlights of the Preliminary Feasibility Study**\n\nHigh-Grade Mineral Reserves and Significant Additional Mineral Resources\n- Probable Mineral Reserves of 136 million tonnes at a grade of 1.08% copper totaling 1.5 million tonnes of contained copper supports a 23-year mine life\n- Indicated Mineral Resources, exclusive of Mineral Reserves, contain a further 1.5 million tonnes of contained copper, of which 1 million tonnes are amenable to heap leaching and if converted to Mineral Reserves, potentially represent near-mine expansion potential\n- Inferred Mineral Resources across the Santa Cruz, East Ridge, and Texaco Deposits add a further 3.3 million tonnes of copper\n\nLarge, Modern Underground Mining Operation with Simple Process Flowsheet\n- 20,000 tonnes per day mining operation utilizing modern mining technology\n- Conventional on/off-heap leaching lowers operating costs and initial surface capital while yielding high copper recoveries of 92.2% over the life of mine and allowing spent ore to be utilized underground as paste backfill\n- Average annual production of 72,000 tonnes of copper cathode during the first 15 years of mining\n\nLow Project Capital Intensity and Unit Operating Costs Underpin Strong Economic Results\n- Initial project capital of $1.24 billion and a capital intensity of approximately $17,000 per tonne of copper1\n- Global first quartile2 C1 cash costs of $1.32 per pound of copper over the life of mine, and lowest cost in America\n- At the current COMEX copper price of $4.83 per pound, the after-tax net present value at an 8% discount rate is $1.9 billion with an internal rate of return of 24%\n- At a base case of $4.25 per pound of copper, the after-tax net present value at an 8% discount rate is $1.4 billion with an internal rate of return of 20%\n\nClear Path to Development\n- This is the final technical study to support ongoing project financing discussions\n- Private land and mineral rights enable a streamlined permitting process\n- Indicative development plan targets initial construction in the first half of 2026 and first copper cathode production in 2028, subject to project financing and receipt of necessary permits"]
Leadership
Taylor Melvin (President, Chief Executive Officer and Director, Over twenty years of experience in the natural resources sector as a senior corporate development professional and investment banker. Previously served as Vice President, Corporate Development for Freeport-McMoRan Inc.), Jordan Neeser (Chief Financial Officer, Finance executive with over twenty years of experience in financial reporting, corporate development, and corporate finance, primarily in the mining sector. Previously served as Chief Financial Officer and Corporate Secretary at Gold Standard Ventures.), Quentin Markin (Executive Vice President, Business Development and Strategy Execution, Seasoned mining lawyer with over twenty-four years of experience, focused on M&A, project development and financing matters for mining companies globally.), Graham Boyd (Senior Vice President, Exploration, Geologist with over seventeen years of base and precious metals experience, having worked principally in Australia, North America, and South America.), Glen Kuntz (Senior Vice President, Mine Development, Mining executive with over thirty years of experience focused on exploration, development and operations across a variety of commodities and mining types.), Mike Patterson (Vice President, Investor Relations and Business Development, Professional with a technical background in mining engineering and operations and extensive financial experience in the natural resources sector.), Catherine Barone (Vice President, Finance, Over 25 years of finance experience in the mining industry, previously appointed CFO of HPX.), Cassandra Joseph (General Counsel and Corporate Secretary, U.S. mining industry legal executive with over twenty years of experience in corporate, environmental, and intellectual property law.), Alex Neufeld (Vice President, Exploration, Over 18 years of experience in global mineral exploration across various commodities and deposit types.), Lee Sampson (Vice President, Geophysics, Geophysicist with over 28 years of copper and gold exploration experience.), Lara Sims (Vice President, Health and Safety, Experienced leader with over 20 years in the mining industry developing and managing Health and Safety strategies.), Stephani Terhorst (Vice President, Human Resources, Accomplished human resources professional with over twenty-five years of experience in the coal and aggregates mining sector.)

Verified data last updated: 2026-06-12

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