Ivanhoe Mines Closes US$500 Million Strategic Private Placement with Qatar Investment Authority

Executive Summary

• Ivanhoe Mines closed a private placement with Qatar Investment Authority, issuing 57,516,666 common shares at C$12.00 per share.
• Zijin Mining exercised its investor rights to purchase an additional 8,004,800 shares at the same price, providing roughly US $70 million in extra proceeds.
• The financing strengthens Ivanhoe’s balance sheet ahead of upcoming production ramp‑up at Platreef (expected Q4 2025) and supports ongoing exploration across its Southern Africa portfolio.

Key Details

• Shares Issued to QIA: 57,516,666 common shares @ C$12.00 per share.
• Proceeds from QIA Placement: Approximately C$690.2 million (≈ US $500 million at prevailing FX).
• Zijin Mining Participation: Exercised right to acquire 8,004,800 shares @ C$12.00 per share, maintaining ~12.2% equity stake.
• Additional Proceeds from Zijin: Approximately US $70 million.
• CITIC Metal Africa Investments: Waived its pre‑emptive right; no additional shares purchased.
• Use of Proceeds (implied): To fund development of the Platreef mine, advance Kamoa‑Kakula and Kipushi projects, and support exploration in Western Forelands, Makoko District, Angola, Kazakhstan, and Zambia.
• Closing Date: Previously announced on 2025‑09‑17; closing confirmed in this release.

Notable Quotes

(No executive quotes were included in the release.)