Description

Ivanhoe Electric Inc. operates as a mineral exploration and development firm, primarily focused on the United States market. The company structures its activities across three core divisions: Critical Metals, Technology, and Energy Storage. Within its Critical Metals portfolio, Ivanhoe Electric holds significant interests in several projects. This includes an 84.6% stake in Utah's 65-square-kilometer Tintic copper-gold project. Furthermore, the company possesses an exclusive option to fully acquire (100% ownership of) the Santa Cruz copper project, spanning 77.59 square kilometers in Arizona. Its other holdings include a 75% interest in the 24.2-square-kilometer Hog Heaven silver-gold-copper project situated in Montana, as well as a 60% interest in a substantial 1,125-square-kilometer project located in the Ivory Coast. The Technology segment delivers advanced services, offering data analytics, geophysical modeling, and artificial intelligence solutions. These services are provided to support exploration efforts across the mineral, oil and gas, and water industries. Its Energy Storage division is dedicated to designing, producing, and deploying vanadium flow batteries specifically engineered for large-scale, grid-level energy storage applications. Ivanhoe Electric Inc. was founded in 2020 and is headquartered in Vancouver, Canada.