Ivanhoe Electric receives $200m in financing for Santa Cruz copper project

Ivanhoe Electric has received credit approval for a $200m senior secured multi-draw bridge facility, marking a key step in financing the Santa Cruz copper project in Arizona, US. The facility, approved for Ivanhoe Electric subsidiary Mesa Cobre Holding, will provide enhanced liquidity to support early construction activities and working capital requirements at the Santa Cruz copper project. The banking syndicate consists of National Bank Capital Markets, Société Générale and BMO Capital Markets, serving ...