Ivanhoe Electric Inc. (IE) Form 8-K — May 29, 2026
Ivanhoe Electric Inc. (IE) announced that its subsidiary Mesa Cobre Holding Corporation has entered into a binding purchase agreement with Global TBM Company dba Robbins for a Tunnel Boring Machine (TBM) for the Santa Cruz Copper Project. The total purchase price is $64.7 million, inclusive of a $1.1 million deposit previously paid, with the remaining balance tied to manufacturing, shipping, and commissioning milestones. The agreement includes an additional $5.8 million for on-site assembly and testing, bringing the total committed capital to approximately $70.5 million.
Key figures
- Deal Value Usd
- 64710043
- Balance due
- 63610043
- Deposit paid
- 1100000
- Assembly cost
- 5800000
- Commissioning deadline
- 2027-07-30
- Liquidated damages per day
- 50000
Price after filing
Close on the filing date to close N calendar days later (from $13.72). Historical, not a forecast.
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