Ivanhoe Electric acquires Robbins TBM for Santa Cruz project
The machine will be used for decline development and material handling, with first copper cathode production expected in Q2 2029.
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Electric metals exploration and technology company
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In short: Ivanhoe Electric advanced its Santa Cruz project in Arizona through strategic financing, government recognition, and new equipment acquisitions.
The machine will be used for decline development and material handling, with first copper cathode production expected in Q2 2029.
The distribution follows the sale of Cordoba's Alacrán Project in Colombia. Payment expected on March 25, 2026. Ivanhoe Electric owns 57.8 million shares of Cordoba, entitling it to this payment.
The $12 billion Project Vault initiative aims to secure U.S. mineral supply chains, with Ivanhoe Electric's Santa Cruz Copper Project contributing domestic copper.
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