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Ivanhoe Electric and Maaden Add 1,345 Square Kilometers of New Exploration Licenses to Strengthen Exploration Pipeline in Saudi Arabian Joint Venture
Musayna'ah Licenses Include 946 Square Kilometers Exhibiting Strong Iron Oxide-Copper-Gold CharacteristicsMahd Area Licenses Include 399 Square Kilometers Adjacent to Maaden's Mahd Ad Dhahab Gold MinePhoenix, Arizona--(Newsfile Corp. - September 4, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Saudi Arabian Mining Company Maaden ("Maaden")...
About this update from Saudi Arabian Mining Co.
[{"type":"text","content":"Musayna'ah Licenses Include 946 Square Kilometers Exhibiting Strong Iron Oxide-Copper-Gold Characteristics","length":110,"tagName":"p","attribs":{}},{"type":"text","content":"Mahd Area Licenses Include 399 Square Kilometers Adjacent to Maaden's Mahd Ad Dhahab Gold Mine","length":98,"tagName":"p","attribs":{}},{"type":"text","content":"Phoenix, Arizona--(Newsfile Corp. - September 4, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Saudi Arabian Mining Company Maaden ("Maaden") (Saudi Stock Exchange Tadawul: 1211) has made available an additional 1,345 square kilometers of exploration licenses to Ivanhoe Electric's 50/50 joint venture (the "Joint Venture") with Maaden (Figure 1).","length":547,"tagName":"p"},{"type":"text","content":"The Musayna'ah Licenses demonstrate a significant footprint of Iron Oxide-Copper-Gold ("IOCG")-type alteration and mineralization. The Mahd Area Licenses are adjacent to Maaden's Mahd Ad Dhahab gold mine, and host shallow gold mineralization with the potential for precious and base metal mineralization beneath the limits of shallow historical drilling.","length":372,"tagName":"p"},{"type":"text","content":"Mr. Friedland commented: "The Kingdom of Saudi Arabia has now become one of the most prospective and active frontiers for mineral exploration anywhere on the planet. That is a result of its dynamic leadership and its Vision 2030, which looks to make mining a key pillar of the Saudi economy through creating extraordinary opportunities to explore for critical metals in one of the most underexplored, yet richly endowed, geological terrains on Earth. We are proud to be at the forefront of this opportunity with our Joint Venture partner, Maaden. Together with Maaden, we have already explored hundreds of square kilometers of ground with our powerful Typhoon™ geophysical surveying technology. We are thrilled that Maaden is today making available to our Joint Venture further prospective lands, as we work together with our talented teams of professionals to unlock the vast mineral potential in Saudi Arabia."","length":922,"tagName":"p"},{"type":"text","content":"Mr. Melvin comme...