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 |
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 |