Ivanhoe Electric
Ivanhoe Electric is a mineral exploration company focused on discovering deposits of electric metals such as copper, gold, and nickel, primarily in the United States, and operates a significant joint venture in Saudi Arabia.
Company Overview
Ivanhoe Electric is an exploration company primarily focused on discovering deposits of electric metals such as copper, gold, silver, nickel, vanadium, cobalt, and platinum group elements. The company utilizes advanced mineral exploration technologies to identify and develop new resources, predominantly in the United States. The company is listed on the NYSE American and TSX under the ticker symbol 'IE'. Their approach integrates high standards for environmental, social, and governance (ESG) considerations, reflecting a commitment to sustainable mining practices.
Joint Ventures
Ivanhoe Electric operates a notable 50/50 joint venture with the Saudi Arabian Mining Company Ma’aden. This collaboration is aimed at exploring approximately 48,500 km2 of the underexplored Arabian Shield in Saudi Arabia, renowned for its mineral richness. This joint venture leverages the combined expertise and resources of both entities to discover and develop new mineral deposits in this geologically significant region.
Typhoon™ Geophysical Surveying System
Ivanhoe Electric employs the Typhoon™ geophysical surveying system to enhance their mineral exploration efforts. This advanced technology is complemented by sophisticated data analytics provided by their subsidiary, Computational Geosciences Inc. The integration of these tools accelerates and de-risks the exploration process, enabling more precise identification of potential mineral deposits. This system represents a significant technological advantage in their exploration activities.
Key Projects
Ivanhoe Electric's portfolio includes significant projects like the Santa Cruz Copper Project in Arizona and the Tintic Copper-Gold Project in Utah. These projects are centered on the exploration and development of electric metals, which are crucial for various industrial applications, including renewable energy and electric vehicles. The company's strategic focus on these projects aligns with their overall objective of discovering and developing high-value mineral resources.