Ivanhoe Electric Applauds Executive Order to Accelerate Mineral Production in the United States
Ivanhoe Electric (NYSE American: IE) welcomes the March 20, 2025 Executive Order signed by President Trump to boost domestic critical metals production, including copper. The Order leverages the Defense Production Act to expedite project permits and improve access to capital through a dedicated mineral production fund under the Development Finance
The company's Santa Cruz Copper Project in Arizona is progressing toward completion of its Preliminary Feasibility Study (PFS) in June 2025. Following the Initial Assessment from September 2023, the project aims to begin construction in the first half of 2026. The underground copper project is expected to produce approximately 80,000 tonnes of copper annually, including 57,000 tonnes of pure copper cathode for the U.S. market.
Ivanhoe Electric (NYSE American: IE) accoglie con favore l'Ordine Esecutivo firmato dal Presidente Trump il 20 marzo 2025, volto a potenziare la produzione domestica di metalli critici, tra cui il rame. L'Ordine sfrutta il Defense Production Act per accelerare i permessi dei progetti e migliorare l'accesso al capitale attraverso un fondo dedicato alla produzione mineraria nell'ambito dello Development Finance.
Il progetto Santa Cruz Copper Project in Arizona sta progredendo verso il completamento del suo Studio di Fattibilità Preliminare (PFS) previsto per giugno 2025. Dopo la Valutazione Iniziale di settembre 2023, il progetto mira a iniziare la costruzione nella prima metà del 2026. Si prevede che il progetto sotterraneo di rame produca circa 80.000 tonnellate di rame all'anno, compresi 57.000 tonnellate di catodi di rame puro per il mercato statunitense.
Ivanhoe Electric (NYSE American: IE) da la bienvenida al Decreto Ejecutivo firmado por el Presidente Trump el 20 de marzo de 2025, que busca impulsar la producción nacional de metales críticos, incluido el cobre. El Decreto aprovecha la Ley de Producción de Defensa para acelerar los permisos de proyectos y mejorar el acceso al capital a través de un fondo de producción mineral dedicado bajo el Development Finance.
El Santa Cruz Copper Project de la compañía en Arizona está avanzando hacia la finalización de su Estudio de Viabilidad Preliminar (PFS) en junio de 2025. Tras la Evaluación Inicial de septiembre de 2023, el proyecto tiene como objetivo comenzar la construcción en la primera mitad de 2026. Se espera que el proyecto subterráneo de cobre produzca aproximadamente 80,000 toneladas de cobre anualmente, incluyendo 57,000 toneladas de cátodos de cobre puro para el mercado estadounidense.
아이반호 전기 (NYSE American: IE)는 2025년 3월 20일 트럼프 대통령이 서명한 행정명령을 환영하며, 이는 구리 등을 포함한 국내 핵심 금속 생산을 촉진하기 위한 것입니다. 이 명령은 방위 생산법을 활용하여 프로젝트 허가를 신속하게 처리하고, 개발 금융의 전용 광물 생산 기금을 통해 자본 접근성을 향상시킵니다.
회사의 산타 크루즈 구리 프로젝트는 2025년 6월에 예정된 예비 타당성 조사(PFS) 완료를 향해 진행 중입니다. 2023년 9월의 초기 평가 이후, 이 프로젝트는 2026년 상반기 내에 건설을 시작할 계획입니다. 지하 구리 프로젝트는 매년 약 80,000톤의 구리를 생산할 것으로 예상되며, 이 중 57,000톤은 미국 시장을 위한 순수 구리 전극입니다.
Ivanhoe Electric (NYSE American: IE) se réjouit de l'Ordre Exécutif signé par le Président Trump le 20 mars 2025, visant à stimuler la production nationale de métaux critiques, y compris le cuivre. Cet Ordre s'appuie sur la Loi sur la Production de Défense pour accélérer les permis de projet et améliorer l'accès au capital grâce à un fonds de production minérale dédié dans le cadre du Development Finance.
Le projet Santa Cruz Copper Project de l'entreprise en Arizona progresse vers l'achèvement de son Étude de Faisabilité Préliminaire (PFS) prévue pour juin 2025. Suite à l'Évaluation Initiale de septembre 2023, le projet vise à commencer la construction dans la première moitié de 2026. Le projet de cuivre souterrain devrait produire environ 80 000 tonnes de cuivre par an, dont 57 000 tonnes de cathodes de cuivre pur pour le marché américain.
Ivanhoe Electric (NYSE American: IE) begrüßt die am 20. März 2025 unterzeichnete Exekutive Anordnung von Präsident Trump, die darauf abzielt, die heimische Produktion kritischer Metalle, einschließlich Kupfer, zu fördern. Die Anordnung nutzt das Defense Production Act, um die Genehmigungen für Projekte zu beschleunigen und den Zugang zu Kapital durch einen speziellen Mineralproduktionsfonds im Rahmen der Entwicklungsfinanzierung zu verbessern.
Das Santa Cruz Copper Project des Unternehmens in Arizona schreitet auf die Fertigstellung seiner Voruntersuchung (PFS) im Juni 2025 zu. Nach der Erstbewertung im September 2023 zielt das Projekt darauf ab, in der ersten Hälfte des Jahres 2026 mit dem Bau zu beginnen. Es wird erwartet, dass das unterirdische Kupferprojekt jährlich etwa 80.000 Tonnen Kupfer produziert, darunter 57.000 Tonnen reines Kupferkathode für den US-Markt.
- Executive Order to expedite permitting process for domestic mineral projects
- Access to new funding opportunities through Development Finance
- PFS completion milestone approaching in June 2025
- Significant production capacity of 80,000 tonnes of copper annually
- Project still requires permit approvals before construction can begin
- Construction not starting until 2026 at earliest
Insights
President Trump's Executive Order marks a significant policy shift that could substantially accelerate Ivanhoe Electric's Santa Cruz Copper Project development timeline. By invoking the Defense Production Act for critical metals including copper, this creates a potential fast-track pathway for permitting and approval processes that typically represent major hurdles for mining companies.
The Executive Order's provisions for expedited permitting and improved capital access through a dedicated minerals fund under the Development Finance represent concrete mechanisms rather than just policy rhetoric. For Ivanhoe Electric, with its Santa Cruz project on private land in Arizona, this regulatory change arrives at an optimal moment with their Preliminary Feasibility Study nearing completion in June 2025.
The September 2023 Initial Assessment highlighted production capacity of 80,000 tonnes of copper annually, including 57,000 tonnes of pure copper cathode specifically for domestic markets. This domestic-focused production profile perfectly aligns with the national security emphasis of the Executive Order, potentially positioning Ivanhoe Electric as a prime beneficiary of both expedited permitting and financial support mechanisms.
With construction potentially beginning as soon as H1 2026, this regulatory tailwind could significantly compress the project timeline, potentially accelerating Ivanhoe Electric's transition from developer to producer in a domestic copper market facing significant supply constraints.
This Executive Order represents one of the most consequential federal interventions in domestic minerals development in decades. By specifically invoking the Defense Production Act, the administration establishes critical minerals as essential to national security infrastructure, creating a new regulatory framework with substantial implications for companies like Ivanhoe Electric.
Two aspects of this Order create immediate practical value for domestic copper developers: First, the directive to identify and expedite approvals for priority projects creates a potential regulatory acceleration mechanism outside standard permitting timelines. Second, the establishment of a dedicated mineral production fund through the DFC introduces a new capital source specifically targeted at qualifying domestic projects.
Ivanhoe Electric's Santa Cruz position on private Arizona land is particularly significant in this context, as it sidesteps many of the federal land-use conflicts that typically complicate Western mining projects. Their June 2025 PFS timeline positions them to potentially be among the first projects to benefit from these new provisions, particularly important as their previously published economics already demonstrated commercial viability even without these supportive measures.
While specific implementation details remain forthcoming, this represents a material regulatory advantage for advanced-stage domestic copper projects, with clear pathways to accelerate both permitting and financing activities in an environment where copper supply deficits continue to widen.
Ivanhoe Electric's Santa Cruz Copper Project in Arizona on Track to Deliver Completed Preliminary Feasibility Study in June 2025
Phoenix, Arizona--(Newsfile Corp. - March 21, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to see the historic March 20, 2025, Executive Order signed by United States President Donald J. Trump to accelerate the domestic production of critical metals, including copper.
The Executive Order invokes the use of the Defense Production Act as part of a broad U.S. Government effort to expand domestic minerals production on national security grounds. As it relates to project permitting, the Order states that it will "identify priority projects that can be immediately approved or for which permits can be immediately issued, and take all necessary or appropriate actions…to expedite and issue the relevant permits or approvals." Furthermore, the Order includes provisions to accelerate access to private and public capital for domestic projects, including the creation of a "dedicated mineral and mineral production fund for domestic investments" under the Development Finance Corporation ("DFC").
Mr. Melvin commented: "This decisive action by our President highlights the urgent need to expand domestic minerals output to support supply chain security in the United States. This important Order will help revitalize domestic mineral production by improving the permitting process and providing financial support to qualifying domestic projects. As a United States company with an advanced high-quality, high-grade copper project on private land in Arizona, we are excited about what the Executive Order means for the future of domestic copper production."
Ivanhoe Electric nears key milestone at its Santa Cruz Copper Project in Arizona with expected completion of Preliminary Feasibility Study ("PFS") in June 2025
Ivanhoe Electric is rapidly progressing advanced stage engineering studies for its modern, high-grade, underground Santa Cruz Copper Project in Arizona. The Project's PFS is scheduled to be completed in June 2025, and will be used to advance project financing discussions. Ivanhoe Electric is advancing applications for key Project permits with a goal of commencing construction activities as soon as the first half of 2026.
The PFS expands on our Initial Assessment released in September 2023 (refer to Ivanhoe Electric's September 6, 2023 news release), which demonstrated attractive economics on a long-lived and high-grade underground copper project capable of producing approximately 80 thousand tonnes of copper per year, including 57 thousand tonnes of pure copper cathode for the U.S. domestic market.
About Ivanhoe Electric
We are a U.S. company that combines advanced mineral exploration technologies with electric metals exploration projects predominantly located in the United States. We use our accurate and powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by our subsidiary, Computational Geosciences Inc., to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies.
We believe the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Our mineral exploration efforts focus on copper as well as other metals including nickel, vanadium, cobalt, platinum group elements, gold and silver. Through the advancement of our portfolio of electric metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona and the Tintic Copper-Gold Project in Utah, as well as other exploration projects in the United States, we intend to support United States supply chain independence by finding and delivering the critical metals necessary for the electrification of the economy. We also operate a 50/50 joint venture with Saudi Arabian Mining Company Ma'aden to explore for minerals on ~48,500 km2 of underexplored Arabian Shield in the Kingdom of Saudi Arabia.
Website: www.ivanhoeelectric.com
Contact Information
Mike Patterson
Vice President, Investor Relations and Business Development
Email: mike@ivnelectric.com
Phone: 1-480-601-7878
Follow us on
Ivanhoe Electric's Executive Chairman Robert Friedland: @robert_ivanhoe
Ivanhoe Electric: @ivanhoeelectric
Ivanhoe Electric's investor relations website located at www.ivanhoeelectric.com should be considered Ivanhoe Electric's recognized distribution channel for purposes of the Securities and Exchange Commission's Regulation FD.
Forward-Looking Statements
Certain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable U.S. and Canadian securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Ivanhoe Electric, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect Ivanhoe Electric's current expectations regarding future events, performance and results and speak only as of the date of this news release.
Such statements in this news release include, without limitation statements regarding the effect of the March 20, 2025 Executive Order on the domestic production and regulatory framework for critical metals; the completion of the Preliminary Feasibility Study for the Santa Cruz Project in June 2025 and the advancement of Project financing discussions; the commencement of construction activities at the Santa Cruz Project as soon as the first half of 2026; the projections, assumptions and estimates contained in the Initial Assessment related to the Santa Cruz Project, including, without limitation, those relating to production; and planned or potential developments in the businesses of Ivanhoe Electric.
Forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Such statements are subject to significant risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including any inability to negotiate and sign mutually agreeable definitive agreements; any inability to satisfy all applicable closing conditions; changes in the prices of copper or other metals Ivanhoe Electric is exploring for; the results of exploration and drilling activities and/or the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations; the final assessment of exploration results and information that is preliminary; the significant risk and hazards associated with any future mining operations, extensive regulation by the U.S. government as well as local governments; changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with Ivanhoe Electric to perform as agreed; and the impact of political, economic and other uncertainties associated with operating in foreign countries, and the impact of the COVID-19 pandemic and the global economy. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk factors described in Ivanhoe Electric's Annual Report on Form 10-K and other filings with the U.S. Securities and Exchange Commission at www.sec.gov.
No assurance can be given that such future results will be achieved. Forward-looking statements speak only as of the date of this news release. Ivanhoe Electric cautions you not to place undue reliance on these forward-looking statements. Subject to applicable securities laws, Ivanhoe Electric does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release, and Ivanhoe Electric expressly disclaims any requirement to do so.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245531