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Ivanhoe Electric Inc(IE-T)
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Stocks in play: Ivanhoe Electric

Baystreet - Mon Oct 23, 2023

Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Ma'aden, the Company's Joint Venture partner in Saudi Arabia and a 9.9% shareholder, has formally subscribed under its top-up right. By exercising its top-up right, Ma'aden maintains its 9.9% ownership in Ivanhoe Electric common stock following the Company's follow-on equity offering in September. Ivanhoe Electric shares T.IE are trading unchanged at $14.85.

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