Ivanhoe Electric Inc (A:IE)

Sector:  Basic Materials Industry:  Integrated Mining
 
See Regulatory Filings on SEC
Company Contact
Address: 450 E Rio Salado Parkway, Suite 130
TEMPE AZ 85281
Tel: N/A
Website: https://ivanhoeelectric.com
IR: See website
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Key People
Robert Martin Friedland
Executive Chairman of the Board
Taylor Melvin
President, Chief Executive Officer, Director
Jordan Neeser
Chief Financial Officer
Quentin Markin
Executive Vice President - Business Development and Strategy Execution
Graham Boyd
Senior Vice President - Exploration
Glen Nickolas Kuntz
Senior Vice President - Mine Development
Stephani Terhorst
Vice President - Human Resources
Cassandra Joseph
General Counsel, Corporate Secretary
Mark Gibson
Chief Geophysics Officer
Business Overview
Ivanhoe Electric Inc. is a mineral exploration and development company that combines advanced mineral exploration technologies with electric metals exploration projects located in the United States. The Company uses its Typhoon geophysical surveying system, together with advanced data analytics provided by its subsidiary, Computational Geosciences Inc., to accelerate and de-risk the mineral exploration process. Its portfolio of electric metals exploration projects includes the Santa Cruz Copper Project in Arizona and the Tintic Copper-Gold Project in Utah. It also operates a 50/50 joint venture with Saudi Arabian Mining Company Ma'aden to explore for minerals on over 48,500 square kilometers (km2) of underexplored Arabian Shield in Saudi Arabia. Its other key mineral projects are the Hog Heaven Copper-Silver-Gold Project, located in Montana, San Matias Copper-Gold-Silver Project in northern Colombia and the Sama Nickel-Copper-Palladium Project, located in the Ivory Coast.
Financial Overview
For the nine months ended 30 September 2024, Ivanhoe Electric Inc revenues decreased 30% to $1.6M. Net loss decreased 4% to $145.5M. Revenues reflect Energy Storage segment decrease from $1.3M to $0K. Lower net loss reflects Critical Metals segment income increase of 13% to $142M. Basic Earnings per Share excluding Extraordinary Items increased from -$1.54 to -$1.21.
Employees: 244 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,113M as of Sep 30, 2024
Annual revenue (TTM): $3.24M as of Sep 30, 2024
EBITDA (TTM): -$192.38M as of Sep 30, 2024
Net annual income (TTM): -$192.69M as of Sep 30, 2024
Free cash flow (TTM): -$222.20M as of Sep 30, 2024
Net Debt Last Fiscal Year: $1.54M as of Sep 30, 2024
Shares outstanding: 120,453,882 as of Nov 11, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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