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Stock impact report

Ivanhoe Electric receives $200m in financing for Santa Cruz copper project [Yahoo! Finance]

Ivanhoe Electric Inc. (IE) 
Company Research Source: Yahoo! Finance
The facility, approved for Ivanhoe Electric subsidiary Mesa Cobre Holding, will provide enhanced liquidity to support early construction activities and working capital requirements at the Santa Cruz copper project. The banking syndicate consists of National Bank Capital Markets, Société Générale and BMO Capital Markets, serving as joint lead arrangers. The bridge facility forms a key part of Ivanhoe Electric's comprehensive project financing strategy, which also includes potential project-level minority investment and long-term project debt. The bridge facility is expected to close in December 2025, pending the completion of definitive legal documentation and other customary conditions. Ivanhoe Electric is in advanced negotiations with potential minority interest partners and project debt providers including the US Export-Import Bank (EXIM) and commercial banks. The company aims to maintain progress on its indicative timeline for the Santa Cruz copper project, targeting ini Show less Read more
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