Brief: Ivanhoe Electric Announces Exploration Alliance With Bhp To Accelerate The Search For Copper And Other Critical Minerals In The United States

Ivanhoe Electric

08/05/2024 12:24

May 8 (Reuters) - Ivanhoe Electric Inc  IE.TO :
    * IVANHOE ELECTRIC INC - ANNOUNCES EXPLORATION ALLIANCE WITH
BHP
TO ACCELERATE THE SEARCH FOR COPPER AND OTHER CRITICAL MINERALS
IN THE UNITED STATES
    * IVANHOE ELECTRIC INC - BHP TO CONTRIBUTE $15 MILLION OF
EXPLORATION CAPITAL OVER INITIAL THREE-YEAR TERM
    * IVANHOE ELECTRIC INC -AGREEMENT IS FOR A TERM OF THREE
YEARS,
WHICH MAY BE EXTENDED UPON MUTUAL AGREEMENT
    * IVANHOE ELECTRIC INC - WILL PROVIDE ACCESS TO ITS NEW
GENERATION
TYPHOON™ GEOPHYSICAL SURVEY SYSTEM AND COMPUTATIONAL
GEOSCIENCES’ INVERSION SOFTWARE
    * IVANHOE ELECTRIC INC - IVANHOE ELECTRIC WILL OPERATE THE
ALLIANCE DURING THE EXPLORATION PHASE, WITH ANY JOINT VENTURES
FORMED OWNED 50/50
    * IVANHOE ELECTRIC INC - SIGNING OF A DEFINITIVE EXPLORATION
ALLIANCE AGREEMENT OR “THE ALLIANCE” WITH A SUBSIDIARY OF BHP
    * IVANHOE ELECTRIC INC - THE INITIAL AOIS ARE IN ARIZONA,
NEW
MEXICO, AND UTAH
    * IVANHOE ELECTRIC INC - THE ALLIANCE WILL FOCUS INITIALLY
ON SIX
AREAS OF INTEREST IN THE SOUTHWEST UNITED STATES

Source text for Eikon:  ID:n0001104659-24-058393 
Further company coverage:  IE.TO 

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