Ivanhoe Electric Inc. (IE) Financings
TSX: IE · Copper · Advanced Exploration stage
- Market cap$1.96B
- Share price$12.26
- 52-week range$11.04 – $28.81
- Shares outstanding159,626,671
- ExchangeTSX
- Websitewww.ivanhoeelectric.com
We are a United States-based, technology-driven minerals exploration and development company with a focus on copper and other critical metals vital to electric transmission and generation, manufacturing, infrastructure development, technology, and national security. Our wholly owned assets are located in the United States, led by our advanced-stage Santa Cruz Copper Project on private land in Arizona. We operate exploration joint ventures and alliances in Saudi Arabia with Maaden, in Chile with Sociedad Química y Minera de Chile ('SQM'), and in the United States with BHP. We use our powerful Typhoon¿ geophysical surveying system, together with advanced data analytics software provided by our subsidiary, Computational Geosciences Inc. ('CGI'), to accelerate and de-risk the mineral exploration process in the search for new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. We believe the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. We are committed to the establishment of strong relationships with our local communities and the responsible development of our projects by incorporating best practices for health, safety and environmental standards, water management, protection of local cultural heritage and biodiversity, and minimizing our environmental footprint.
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Ivanhoe Electric Inc. financial statements
Key figures read from 15 of 18 financial statement filings, Aug 12, 2022 to Aug 7, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | |
|---|---|---|---|---|
| Cash and equivalents | US$173,263 | US$40,971 | US$205,043 | US$139,660 |
| Total current assets | US$180,193* | US$69,286* | US$216,486* | US$151,031* |
| Total current liabilities | US$53,875 | US$33,416 | US$39,723 | US$17,432 |
| Working capital | US$126,318 | US$35,870 | US$176,763 | US$133,599 |
| Exploration and evaluation assets | US$224,145 | US$225,876 | US$216,290 | US$86,758 |
| Property, plant and equipment | US$9,289 | US$9,667 | US$6,645 | US$3,934 |
| Total assets | US$483,273 | US$374,932 | US$487,226 | US$260,486 |
| Debt | US$33,738 | US$30,942 | US$28,372 | US$25,918 |
| Total liabilities | US$59,705 | US$94,501 | US$110,945 | US$58,039 |
| Shareholders' equity | US$423,568 | US$280,431 | US$376,281 | US$202,447 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | |
|---|---|---|---|
| Revenue | US$2,901 | US$3,903 | US$8,440 |
| Cost of sales | (US$1,018) | (US$2,986) | (US$3,135) |
| Exploration and evaluation expense | US$130,944 | US$126,719 | US$105,286 |
| General and administrative | US$44,740 | US$48,204 | US$26,971 |
| Impairments and write-downs | US$0 | — | — |
| Net income (loss) | (US$140,270) | (US$216,075) | (US$160,221) |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | |
|---|---|---|---|---|
| Operating cash flow | (US$89,200) | (US$162,096) | (US$150,515) | (US$115,734) |
| Investing cash flow | US$4,587 | (US$14,470) | (US$150,766) | (US$48,384) |
| Financing cash flow | US$214,722 | US$18,895 | US$366,454 | US$254,410 |
| Property, plant and equipment spending | (US$4,003) | (US$2,930) | (US$1,578) | (US$8,506) |
| Change in cash | US$130,964 | (US$159,734) | US$65,383 | US$89,810 |
| Cash at end of period | US$176,273 | US$45,309 | US$205,043 | US$139,660 |
Ivanhoe Electric Inc. financings
7 financings announced or closed by Ivanhoe Electric Inc., read by Mining News Terminal, newest first.
Ivanhoe Electric Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Ivanhoe Electric Inc. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-08-24 | Credit facility, proposed | Export-Import Bank of the United States | US$1.1B | — |
| 2025-12-15 | Credit facility, closed / funded | — | C$200M | — |