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Ivanhoe Electric Raises $69 Million in Successful Public Offering

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Ivanhoe Electric Raises $69 Million in Successful Public Offering

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An announcement from Ivanhoe Electric Inc. ( (IE) ) is now available.

Ivanhoe Electric Inc. successfully closed its public offering, generating approximately $69 million in gross proceeds. The funds are earmarked for advancing the Santa Cruz Project, land acquisitions, drilling, exploration, and general corporate purposes, which could strengthen the company’s position in the energy and mining sector.

More about Ivanhoe Electric Inc.

Ivanhoe Electric Inc. operates within the energy and mining industry, focusing on electricity and mineral exploration projects. The company is involved in advancing mining technologies and has a market focus on sustainable and efficient resource extraction.

YTD Price Performance: -25.06%

Average Trading Volume: 597,278

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $783.5M

Find detailed analytics on IE stock on TipRanks’ Stock Analysis page.

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