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Thursday, September 18, 2025 17:12 GMT
Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar, intends to invest an estimated US$500 million in the capital of Ivanhoe Mines. In accordance with the investment, Ivanhoe Mines will issue 57,516,666 common shares to QIA by way of a private placement at a price of 12.00 Canadian Dollar per share, yielding gross proceeds to Ivanhoe of ~US$500 million. Upon completion of the investment, QIA will own approximately 4 percent of Ivanhoe Mines' issued and outstanding...More