Ivanhoe Mines Closes US$500 Million Strategic Private Placement with Qatar Investment Authority
Toronto, Ontario–(Newsfile Corp. – September 29, 2025) – Ivanhoe Mines Ltd. (TSX: IVN) (OTCQX: IVPAF) announces that the company has closed the private placement offering with Qatar Investment Authority (QIA), as previously announced on September 17, 2025.
In accordance with the offering, Ivanhoe Mines has issued 57,516,666 common shares to QIA at a price of C$12.00 per share. Pursuant to the investor rights agreement between the company and Zijin Mining Group Co. Ltd., Zijin has exercised its right to acquire 8,004,800 common shares of Ivanhoe Mines at the same issue price as QIA to maintain its pro rata equity interest of approximately 12.2% in the company, resulting in additional proceeds to Ivanhoe Mines of approximately US$70 million.
CITIC Metal Africa Investments Limited has waived its right to acquire additional shares in Ivanhoe Mines, pursuant to its investor rights agreement.
