Ivanhoe Electric (IE.TO) was at last look up 27% after the company said it received a Letter of Interest from the Export-Import Bank of the United States (EXIM Bank) outlining up to US$825 million in possible debt financing with a 15-year repayment period.
The financing, if approved, would be for the development of the Santa Cruz Copper Project in Arizona. The company anticipates that permits will be received and initial construction begin in the first half of next year.
The Santa Cruz Copper Project aligns with the EXIM Bank's Make More in America initiative, which is intended to increase the United States' supply of critical minerals to foster economic growth and strengthen national security through domestic resource production, the statement noted.
Ivanhoe Electric is pursuing additional government support programs at the EXIM Bank, while looking at other financing alternatives.
The company's shares were last seen up $1.90 to $8.94 on the Toronto Stock Exchange.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。