Ivanhoe Electric (IE)
Develops Arizona copper while selling Typhoon-enabled geophysical data and software.
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Develops the Santa Cruz copper project and U.S. critical-metals prospects, while selling Typhoon-enabled geophysical data processing and software through CGI. Mining assets have not yet generated revenue, leaving the group capital-funded and its current revenue concentrated in CGI services.
Develops the Santa Cruz Copper Project in Arizona, its sole material mineral project, alongside critical-metals exploration interests. The planned project couples an underground mine with onsite copper-cathode processing, while construction and eventual mining revenue remain contingent on financing, production permits, building and commissioning.
Deploys proprietary Typhoon electrical-geophysical systems and CGI subsurface data processing, modelling, software and artificial-intelligence services for internal targets and outside mining, oil-and-gas, geothermal and water clients. CGI currently provides all revenue; the mining projects do not yet produce revenue.
Builds and installs vanadium-flow battery systems through VRB Energy. Wholly owned mineral assets are concentrated in the United States, while partnerships extend to Saudi Arabia and Chile; access and project advancement depend on partner funding and joint decisions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $256.9M · Total debt $36.6M · Total assets $584.8M · Shareholders' equity $525.8M
- Revenue
- $724.0K
- Operating income
- −$21.5M
- Net income
- −$24.7M
No dividends on record.
| Institutions | ≈ 74.41% | 118.75M shares | |
|---|---|---|---|
| 219 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 8.32% | 13.27M shares | |
| 1 holder · as of Jan 28, 2026 | |||
| Other | ≈ 17.27% | 27.57M shares | |
| remainder | |||
159.59M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.54% | 15.22M | as of Jun 30, 2026 |
Robert Martin FriedlandInsider | 8.32% | 13.27M | filed Jan 28, 2026 |
Price T Rowe Associates Inc /MD/Institution | 6.94% | 11.08M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.73% | 10.74M | as of Jun 30, 2026 |
FMR LLCInstitution | 5.65% | 9.02M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Hudbay Minerals
Arizona copper-cathode projects challenge Santa Cruz development.
- TKO Group
Florence Copper is a direct Arizona refined-copper supply rival.
- ESS Tech
Iron-flow storage substitutes for Gen3 VRB-ESS in long-duration bids.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ivanhoe Electric | $10.33 | +4.82% | $1.56B | — | — | 515.8 | −32.2% |
| Hudbay Minerals | $27.16 | +1.91% | $11.84B | 15.8 | 15.0 | 4.8 | +17.7% |
| TKO Group | $189.64 | −0.77% | $14.33B | 65.9 | 34.0 | 2.7 | +18.2% |
| ESS Tech | $0.3959 | +7.06% | $10.9M | — | — | — | −96.9% |
| Median | 40.8 | 24.5 | 3.7 | +17.7% |