**Ivanhoe Electric Inc. Enters into Underwriting Agreement for Public Offering**

On February 12, 2025, Ivanhoe Electric Inc. disclosed in a Form 8-K filing with the Securities and Exchange Commission (SEC) that it has entered into an Underwriting Agreement with BMO Capital Markets Corp., as the sole underwriter, regarding a public offering of 10,256,411 units consisting of common stock and warrants. Each unit will include one share of common stock, valued at $0.0001 per share, and one warrant to purchase one share of common stock. The public offering price is set at $5.85 per unit, with the warrants having an exercise price of $7.00 per share and expiring one year after issuance.

Moreover, Ivanhoe Electric granted the Underwriter an option to purchase up to an additional 1,538,461 units, shares, or warrants, or a combination thereof, under the same terms. The net proceeds from this offering are estimated to be around $57 million, potentially increasing to $66 million if the underwriter exercises the full option. These proceeds will be utilized for a preliminary feasibility study on the Santa Cruz Project, land acquisition payments, drilling activities, exploration, and general corporate purposes.

The Underwriting Agreement involves customary representations, warranties, and covenants by Ivanhoe Electric concerning the company and the registration statement. The offering is in accordance with the company’s automatic shelf registration statement on Form S-3, supplemented by a final prospectus supplement dated February 12, 2025. The completion of the Offering, subject to closing conditions, is expected on February 14, 2025.

This report does not constitute an offer to sell or a solicitation of an offer to buy these securities. For further details regarding the Underwriting Agreement and the complete transactions contemplated, the full text of the agreement is attached as an exhibit to the Form 8-K filing.

In conclusion, Ivanhoe Electric’s recent actions indicate a strategic move towards capital generation for specific projects and operational needs, as evidenced by its engagement in a public offering facilitated through a comprehensive agreement with BMO Capital Markets Corp.

The company’s stock listings and trading symbols include Common Stock, par value $0.0001 per share, under the symbol IE on the NYSE American exchange. The Offering is poised to enhance the company’s financial position and propel its envisioned initiatives.

This news reflects Ivanhoe Electric Inc.’s strategic financial decisions aimed at fortifying its operations and advancing key projects within its portfolio.

**Note:** This article is based on the information provided in Ivanhoe Electric Inc.’s Form 8-K filing with the SEC dated February 12, 2025.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Ivanhoe Electric’s 8K filing here.

Ivanhoe Electric Company Profile

Ivanhoe Electric Inc explores and develops metals and mineral. The company provides Typhoon data acquisition system, a geophysical system that offers primary signal. It also explores copper and gold. The company was incorporated in 2020 and is headquartered in Tempe, Arizona.