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An update from Ivanhoe Electric Inc. ( (IE) ) is now available.
Ivanhoe Electric Inc., in partnership with BHP, is advancing its exploration activities in the Southwest U.S. through their Exploration Alliance. A new Typhoon™ system is being deployed in Arizona to uncover world-class mineral deposits hidden beneath younger cover rocks. The Alliance, with an initial funding of $15 million from BHP, is targeting mineral-rich areas in Arizona, New Mexico, and Utah, and aims to establish joint ventures with a 50/50 ownership structure in these regions. This collaboration underscores Ivanhoe Electric’s commitment to leveraging its technologies for deep exploration and highlights the potential for significant discoveries in the Basin and Range province.
More about Ivanhoe Electric Inc.
Ivanhoe Electric Inc. operates in the mining industry, focusing on the exploration and development of mineral deposits. The company is involved in discovering copper and other critical metals, utilizing advanced exploration technologies to identify hidden resources.
YTD Price Performance: -8.52%
Average Trading Volume: 527,399
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $879.3M
Learn more about IE stock on TipRanks’ Stock Analysis page.