Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive co-chairman Robert Friedland and President and Chief Executive Officer Marna Cloete today announces an investment of US $ 500 million from Qatar Investment Authority (Qia or Stateeign. Or the Sovereign.
In accordance with the investment, Ivanhoe will issue 57,516,666 ordinary shares to QIA by means of a private placement at a price of C $ 12.00 per share, which results in the gross yield of Ivanhoe of approximately US $ 500 million.
After completion of the investment, QIA will possess approximately 4% of the issued and outstanding ordinary shares of Ivanhoe mines.
Ivanhoe -Mijnen plans to use the proceeds of the investment to promote growth opportunities with regard to the exploration, development and mining of critical minerals, as well as for general business purposes.
Ivanhoe Mines Executive co-chairman, Robert Friedland, said: “This historical investment by the Qatar Investment Authority is a powerful approval of Ivanhoe Mines’s vision to be a leading supplier of critical metals that will be the development of the global economy, the development of new energy infrastructure and growth of advanced technologies such as large-scale data censer and ai.
“Qia’s future -oriented vision is fully tailored to ours, as well as that of our other strategic investors in the long term. We look forward to building this partnership together for years.
“The journey of Ivanhoe has only just begun, while we are looking for the world for our following discoveries and possibilities to develop new mines. The investment of Qia will play an important role in opening new horizons. Together we build an extraordinary partnership of global scale and combining resources of world-class and shared commitment to sustainable welfare.”
Qia CEO, Mohammed Saif Al-Sowaidi, noticed: “This strategic investment reflects the conviction of QIA, not only in Ivanhoe Mines’ of world-class portfolio of Tier-One-Activa, but even more important, in supporting its team in finding, developing and sustainable delivery of the critical minerals that are essential for the worldwide energy transition and advanced.”
The conclusion of the investment is subject to the satisfaction of the usual conditions for a transaction of this nature, including approval of the TSX.
When taking out the investment, Qia and Ivanhoe-Mijnen will enter into an investor rights agreement that entitles Qia to certain rights that are customary for a transaction of this nature, including for representation and information rights such as its property above 10% and anti-dilution rights. The Investor Rights Agreement also imposes certain usual transfer restrictions to QIA.
In accordance with the agreements of investors between the company and CITIC Metal Africa Investments Limited and Zij in Mining Group Co. Ltd., each of CITIC and Zij in will have the right to acquire ordinary shares of Ivanhoe -Mines at the same issue price to maintain their pro rata -Equity interest in Ivanhoe Mines.
In connection with the investment, Ivanhoe -Mijnen and Qia are planning to work together on further strategic partnerships.
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company aimed at promoting its three main projects in South Africa; The Kamoa-Kakula copper complex in the DRC, the ultra-high Kipushi Zink-Copper-Germanium-Zilvermijn, also in the DRC; And the Tier-One Platreef Platinum-Palladium-Nickel-Rhodium-Gold-Copper-Mijn in South Africa, which will start production in Q4 2025.
Ivanhoe Mines is investigating the buyer in its very prospective, 54-100% ownership of exploratory licenses in the western fortresses, with an area that is more than six times larger than the adjacent Kamoa-Kakula Copper complex, including the high-quality discovery in the Makoko district. Ivanhoe is also investigating new sedimentary brass discharges in new horizons, including Angola, Kazakhstan and Zambia.
Follow Robert Friedland (@Robert_ivanhoe) and Ivanhoe -Mijnen (@Ivanhoemines_) on X.
About Qatar Investment Authority
Qatar Investment Authority (QIA) is the sovereign power fund of the state of Qatar. Qia was founded in 2005 to invest and manage the State Reserve funds. Qia is one of the largest and most active sovereign power funds worldwide. QIA invests in a wide range of asset classes and regions, as well as in collaboration with leading institutions around the world, to build a global and diversified investment port folio with a long -term perspective that can yield sustainable returns and contributes to the prosperity of the state of Qatar.
Media Contact: media@qia.qa
Foresighting statements
Certain statements in this press release are “future -oriented statements” or “future -oriented information” in the sense of applicable securities laws. Such explanations and information include known and unknown risks, uncertainties and other factors that can cause the actual results, performance or performance of the company, its projects or industrial results, substantially differ from future results, performance or performance that is expressed or implicitly due to such future -oriented statements or information. Such statements can be identified using 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 the current expectations of the company with regard to future events, performance and results and only speak from the date of this press release.
Such statements include, without limitation: (i) statements regarding the completion of the investment of $ 500 million, including the satisfaction of closing conditions with regard to thereof, and; (ii) statements regarding the use of revenues for the investment.
Forward -looking statements and information include significant risks and uncertainties, should not be read as guarantees for future performance or results, and will not necessarily be accurate indicators of whether such results will be achieved. Many factors can lead to the actual results of the results of the results that are discussed in the future -oriented statements or information, including, but not limited to, the ability of the parties to comply with the final conditions of the investment and the factors discussed above and under the “Risk Factors” Section section section “Section” Section in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company in the company and six months and the company. enforcement by applicable authorities; the failure of parties in contracts with the company to act as agreed; Social or labor unrest; changes in raw material prices; And the failure of exploration programs or studies to deliver expected results or results that would justify and support continuous exploration, studies, development or operations.
Although the future -oriented statements in this press release are based on what the management of the company believes that there are reasonable assumptions, the company cannot ensure that the actual results will be consistent with these future -oriented statements. These future -oriented statements are made from the date of this press release and are explicitly qualified in their entirety by this warning statement. Consistent with the applicable securities laws, the company does not accept an obligation to update or revise the future -oriented statements to display events or circumstances after the date of this press release.
The actual results of the company could substantially differ from those who are expected in these future -oriented statements as a result of the factors set out in the “Risk Factors” section in the MD&A of the company for the three and six months ending on 30 June 2025 and the current annual information form.
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