Ivanhoe Electric Secures $200 Million Bridge Loan for Santa Cruz Copper Project

Reuters2025-12-16

Ivanhoe Electric Secures $200 Million Bridge Loan for Santa Cruz Copper Project

Ivanhoe Electric Inc. has closed a $200 million senior secured multi-draw bridge facility through its wholly-owned subsidiary, Mesa Cobre Holding Corporation. The facility, arranged with a banking syndicate comprising National Bank of Canada, BMO Capital Markets, and Societe Generale, will provide near-term liquidity to support the development of the Santa Cruz Copper Project in Arizona. The two-year facility, secured by the company's private land holdings and certain project assets, features an interest rate based on the three-month Secured Overnight Financing Rate plus a 5.0% margin, increasing by 0.5% every six months. This bridge financing complements ongoing efforts to secure long-term project financing, including a potential $825 million loan from the U.S. Export-Import Bank, with final arrangements expected by mid-2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ivanhoe Electric Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 278064) on December 15, 2025, and is solely responsible for the information contained therein.

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