on Ivanhoe Electric Inc.
Ivanhoe Electric Clarifies Speculations on Share Sale by Ma'aden
PHOENIX, AZ / ACCESSWIRE / June 13, 2024 – Ivanhoe Electric Inc. (NYSE American: IE, TSX: IE) addresses recent misleading media headlines suggesting that Saudi Arabia Mining Company (Ma'aden) will sell shares of Ivanhoe Electric under the newly filed Registration Statement.
The Registration Statement complies with an obligation in the Investor Rights Agreement between Ivanhoe Electric and Ma'aden from Ma'aden's initial investment, disclosed on July 6, 2023. Ma'aden has confirmed there are no current plans to sell any shares of Ivanhoe Electric common stock.
Ivanhoe Electric combines advanced mineral exploration technologies with projects mainly in the U.S., focusing on metals essential for electrification such as copper, nickel, and cobalt. The company operates a significant joint venture with Ma'aden in Saudi Arabia.
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