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Ivanhoe Electric Inc.

TSX:IELive AI agent

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, generation, manufacturing, infrastructure development, technology, and national secur

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, generation, manufacturing, infrastructure development, technology, and national security. The company operates wholly owned assets in the U.S. and engages in exploration joint ventures and alliances in Saudi Arabia, Chile, and the U.S. 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, strong community relationships, and minimizing environmental impact.

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 the second quarter of 2029.**\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 the second quarter of 2029, subject to project financing and receipt of necessary permits"]
Leadership
Taylor Melvin (President, Chief Executive Officer and Director, Taylor Melvin has served as our Chief Executive Officer, President and member of our Board of Directors since November 2022. Mr. Melvin has over twenty years of experience in the natural resources sector as a senior corporate development professional and investment banker. Prior to joining Ivanhoe Electric, Mr. Melvin served as Vice President, Corporate Development for Freeport-McMoRan Inc. from June 2018 to March 2022.), Jordan Neeser (Chief Financial Officer, Mr. Neeser has served as our Chief Financial Officer since November 21, 2022. He is a finance executive with over twenty years of experience in financial reporting, corporate development, and corporate finance, primarily in the mining sector.), Quentin Markin (Executive Vice President, Business Development and Strategy Execution, Mr. Markin has served as our Executive Vice President, Business Development and Strategy Execution since January 1, 2023. He is a seasoned mining lawyer with over twenty-four years of experience, all with the Canadian firm Stikeman Elliott LLP.), Glen Kuntz (Senior Vice President, Mine Development, Mr. Kuntz has served as our Senior Vice President, Mine Development since November 21, 2022, and prior to that was our Chief Technical and Innovation Officer since January 2022.), Alex Neufeld (Senior Vice President, Exploration, Mr. Neufeld has over 18 years of experience in global mineral exploration across various commodities and deposit types.), Mike Patterson (Vice President, Investor Relations and Business Development, Mr. Patterson is a seasoned professional with a technical background in mining engineering and operations and extensive financial experience in the natural resources sector.), Catherine Barone (Vice President, Finance, Ms. Barone has over 25 years of finance experience in the mining industry.), Cassandra Joseph (General Counsel and Corporate Secretary, Ms. Joseph has served as our General Counsel and Corporate Secretary since February 1, 2023. She is an accomplished U.S. mining industry legal executive with over twenty years of experience in corporate, environmental, and intellectual property law.), Vy Manthripragada (Vice President of Commercial Operations, Vy Manthripragada has served as Vice President of Commercial Operations at Ivanhoe Electric since 2026.), Amanda Miller (Vice President, Corporate Communications, Amanda Miller joined Ivanhoe Electric in 2026 as the Vice President of Corporate Communications.), Lee Sampson (Vice President, Geophysics, Mr. Sampson is a geophysicist with over 28 years of copper and gold exploration experience.), Lara Sims (Vice President, Health and Safety, Ms. Sims is an experienced leader with over 20 years in the mining industry developing and managing Health and Safety strategies.), Stephani Terhorst (Vice President, Human Resources, Ms. Terhorst has served as our Vice President Human Resources since March 2023. She is an accomplished human resources and employee benefits professional with over twenty-five years of human resources experience.)

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