Ivanhoe Electric

Ivanhoe Electric CEO Taylor Melvin spoke with Bloomberg about the Santa Cruz Copper Project in Arizona, a project poised to become one of America’s next major domestic producers of refined copper.

Santa Cruz has drawn interest from traditional traders as well as potential strategic partners seeking supplies for U.S. industries, he said in an interview with @Bloomberg’s James Attwood on Oct. 19.

Offtake deals for the Santa Cruz project could include financing, Taylor added. In addition to a proposed $1.1 billion debt deal from the @EximBankUS, Ivanhoe Electric is discussing project financing with about a dozen commercial banks, he said.

The initial phase of the mine is expected to cost $1.4 billion, with first output targeted for 2029. When combined with nearby resources, Santa Cruz has the potential to be one of the top U.S. copper-producing regions, Taylor said. The project is designed to produce 99.99% pure copper cathode over a 24-year mine life with average annual production of about 75,000 tonnes of copper cathode during the first 15 years of mining.

Read the full story by @Bloomberg News’ @James Attwood:
bloomberg.com/news/articles/…

#mining #copper #minerals

Ivanhoe Electric CEO Taylor Melvin shared his insights into future copper demand, valuations and our Santa Cruz Copper Project in Arizona in an interview with CNBC to mark the start of London Metal Exchange Week.

“A year ago going into LME, we were just coming into almost five-dollar copper and a year later here we are at, close to $6.66 a pound,” he said on @CNBC’s Squawk Box Europe. “Most projections currently talk about higher copper prices needed to incentivize the projects that we need to meet global demand, so it certainly is a very good time to be in this industry.”

While copper prices and miner valuations may fluctuate on concerns over the financing of copper-intensive mega projects such as AI data centers, a significant slowing of long term demand is unlikely, he said.

“It's hard to think that one of these large scale technology companies is going to make an investment decision on a hyperscale data center based on the cost of copper,” he said. “And that same inelasticity applies to another demand pocket that's emerging, which is national security, national defense budget.”

It’s not uncommon for copper producers to see a disconnect between their stock valuation and the intrinsic value of their assets, he said. “There's definitely a disconnect between the current valuation and our shares and the intrinsic value of our assets,” he said. “We're in the development stage of a very important and very high-quality asset in the United States.”

Ivanhoe Electric’s Santa Cruz Copper Project is designed to produce 99.99% pure copper cathode over a 24-year mine life with average annual production of about 75,000 tonnes of copper cathode.

Watch a clip from the interview on CNBC:
cnbc.com/video/2026/10/…

#mining #copper #trade #AI #usindustry #londonmetalsweek

Our Founder and Executive Chairman, Robert Friedland, highlighted the super high-quality nature of our ore at our Santa Cruz Copper project in a presentation at America’s leading mining school.

“We're building a copper mine in Arizona on private land,” Robert told the audience at the Critical Minerals Symposium, hosted by @coschoolofmines’ @payneinstitute for Public Policy. “The mineral is called atacamite, named after the Atacama Desert, and it's a copper ore that is very virtuous. It leaches in water, our mine will use very little energy, it'll be underground, and it'll be state-of-the-art.”

Ivanhoe Electric’s Santa Cruz Copper Project is designed to produce 99.99% pure copper cathode over a 24-year mine life, using the heap leach process. We are targeting average annual production of approximately 75,000 tonnes of copper cathode during the first 15 years of mining.

Robert also explained how our Typhoon™ geological surveying technology is accelerating the search for copper and other critical minerals in the United States.

Find out more about Ivanhoe Electric and Typhoon™ here:
ivanhoeelectric.com

#copper #mining #uscompanies #technlology

The next generation of American mining is taking shape at the Santa Cruz Copper Project in Arizona.

Our modern underground mine is planned to incorporate advanced technology, including a Robbins Crossover Tunnel Boring Machine, tele remote-operated equipment, and grade control technologies – all designed to enhance safety, productivity, and operational precision.

$IE #Copper #MiningTechnology

Ivanhoe Electric Executive Chairman Robert Friedland highlighted the power of our Typhoon™ geological surveying technology for locating minerals deposits at the #HelloAmerica gathering of U.S. political and business leaders hosted by President Donald Trump.

“We can inject that electrical energy into the Earth,” he said in a discussion with U.S. Secretary of the Interior @DougBurgum. “And if there’s water down there, we can see it. If there’s gold down there, we can see it. If there’s copper down there, we can see it with a lot better resolution than we’ve been able to before. And the neat thing is we don’t have to drill holes. We don’t have to go all over the country drilling holes all over the place. It’s non-invasive, like getting a CAT scan or an MRI.”

Ivanhoe Electric’s Typhoon™ data acquisition system is one of the most accurate and powerful geophysical survey technologies available to mineral explorers today, allowing us to potentially discover deposits otherwise thought to be undetectable through conventional survey methods and technology. Proprietary software developed by our majority-owned Computational Geoscience Inc. interprets and visualizes the geological data generated by Typhoon™.

The #HelloAmerica event, celebrating America’s 250th birthday, brought together government officials and business leaders including @SpaceX CEO Elon Musk, @Nvidia CEO Jensen Huang, @Anthropic co-founder Tom Brown and @Palantir Chief Technology Officer Shyam Sankar for a one day discussion to showcase “people, ideas and innovations building America's Golden Age."

Find out more about Ivanhoe Electric and Typhoon™ here:
ivanhoeelectric.com