Ivanhoe Electric raises ~$57M in unit offering of stock and warrants for Santa Cruz project

Ivanhoe Electric Inc.

Offered 10,256,411 units ($5.85/unit); each unit includes one common share and a warrant ($7.00 strike, 12-month expiry).
Net proceeds expected ~$57M ($66M if underwriter option exercised) for Santa Cruz preliminary feasibility, land acquisition, drilling, and working capital.
Underwriter granted 30-day option to purchase up to 1,538,461 additional units or equivalent shares/warrants.
Closing expected February 14, 2025; offering made under existing shelf registration statement.

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