Ivanhoe Electric Advances Streamlined Copper Project Toward 2028 Production
Working in close collaboration with expert industry consultants, our team has developed a highly optimized underground mine plan and a simplified heap-leach processing design.
The result is a project with low upfront capital requirements, reduced operating costs per unit, and high copper recovery rates.
Located on private land, the project benefits from a more efficient permitting process. Ivanhoe Electric aims to begin copper production by 2028.
Financing efforts are already underway, bolstered by a letter of interest from the U.S. Export-Import Bank, which could provide up to $825 million in debt funding through the Make More in America initiative.
Since exploration began in 2021, Ivanhoe Electric has drilled 329 holes totaling 279,000 meters and invested more than $100 million in technical studies to advance the project.
