Ivanhoe Electric Inc. ( (IE) ) has shared an announcement.
Ivanhoe Electric Inc. announced its intention to raise US$50 million through a public offering of units, each consisting of one common stock share and one warrant. The proceeds from this offering will be used for further exploration activities, including a preliminary feasibility study at the Santa Cruz Project, and for general corporate purposes. The move signals Ivanhoe’s commitment to expand its exploration and operational capabilities, potentially enhancing its market position and providing strategic benefits to stakeholders.
More about Ivanhoe Electric Inc.
Ivanhoe Electric Inc. operates in the mining industry, focusing on the development and exploration of mineral resources. The company is involved in projects such as the Santa Cruz Project and engages in activities like drilling and mineral rights acquisition.
YTD Price Performance: -21.93%
Average Trading Volume: 574,797
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $711.9M
Learn more about IE stock on TipRanks’ Stock Analysis page.