Ivanhoe electric announces exploration alliance with bhp to accelerate the search for copper and other critical minerals in the united states

The alliance will focus initially on six areas of interest in the southwest united states bhp to contribute $15 million of exploration capital over initial three-year term ivanhoe electric will provide access to its new generation typhoon™ geophysical survey system and computational geosciences' inversion software ivanhoe electric will operate the alliance during the exploration phase, with any joint ventures formed owned 50/50 phoenix, az / accesswire / may 8, 2024 / ivanhoe electric inc. ("ivanhoe electric") (nyse american:ie)(tsx:ie) executive chairman robert friedland, and president and chief executive officer taylor melvin, are pleased to announce the signing of a definitive exploration alliance agreement or "the alliance" with a subsidiary of bhp (asx: bhp, nyse: bhp, lse: bhp). the exploration alliance agreement sets out the framework for bhp and ivanhoe electric to explore mutually agreed "areas of interest" or aois in the united states to identify projects within those aois that may become 50/50 owned joint ventures.
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