“We see today’s announcement as the first step in what we expect to be a long and successful partnership between Ivanhoe Electric and BHP,” Ivanhoe Electric chief executive Taylor Melvin noted.
The partnership is structured in two phases: project generation and joint venture, with exploration activities leading to the possible development and operation of mining projects.
Initial exploration will focus on six areas across Arizona, New Mexico and Utah, with BHP investing $15 million over the initial three-year term. Ivanhoe Electric will provide access to one of its new generation Typhoon geophysical survey systems, as well as the machine learning algorithmic software and data inversion services of its subsidiary, Computational Geosciences.
The companies anticipate that the future significant mineral findings in the US will probably be found at great depths, in regions where newer, non-mineralized layers cover the…
