Ivanhoe Electric secures $825M EXIM financing for Santa Cruz Copper Project in Arizona

From Yahoo Finance: 2025-06-29 21:45:00

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) secures potential debt financing of up to $825 million from the US Export-Import Bank for its Santa Cruz Copper Project in Arizona. The 15-year loan is part of EXIM’s Make More in America campaign to strengthen domestic mineral supply chains.

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) owns the Santa Cruz Copper Project on private property, supporting American strategic objectives to safeguard domestic copper supplies. Construction is expected in H1 2026, with on-site production of pure copper cathodes serving energy, defense, and infrastructure sectors in the US.

Ivanhoe Electric Inc. (NYSEAMERICAN:IE) explores additional assistance sources like Section 45X tax credits and EXIM’s Supply Chain Resilience Initiative. The project, led by Fluor Inc., anticipates a feasibility study in June 2025. Ivanhoe Electric Inc. (NYSEAMERICAN:IE) is a top copper stock.

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Read more at Yahoo Finance: Ivanhoe Electric Secures Up To $825M EXIM Financing Gor Santa Cruz Copper Project