Ivanhoe Electric has a portfolio of mineral projects, mainly focused on copper and other metals needed for the clean energy transition, that were assembled by Friedland and his team in the past decade, the prospectus said. Friedland, who is the founder of Ivanhoe Mines Ltd., is a well-known figure in mining who made his fortune from a Canadian nickel project and was behind a massive copper-gold discovery in Mongolia that’s now operated by Rio Tinto Group. The Vancouver-based company is focused on developing mines from deposits principally in the US, namely in Arizona, Utah and Montana.
“We believe the United States is significantly underexplored and will yield major new discoveries of these metals,” the filing said. “Our mineral projects focus on copper, gold, silver, nickel, cobalt, vanadium and the platinum group metals.”
Bank of Montreal and Jefferies LLC are leading the IPO with a group of banks that includes…
