] TORONTO, CANADA – Ivanhoe Mines Ltd. (TSX: IVN; OTCQX: IVPAF) announces that the company has closed the private placement offering with Qatar
Public
September 29, 2025
Ivanhoe Mines closes US$500 million strategic private
placement with Qatar Investment Authority
[NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES]
TORONTO, CANADA – Ivanhoe Mines Ltd. (TSX: IVN; OTCQX: IVPAF) announces
that the company has closed the private placement offering with Qatar
Investment Authority (QIA), as previously announced on September 17, 2025.
In accordance with the offering, Ivanhoe Mines has issued 57,516,666 common
shares to QIA at a price of C$12.00 per share. Pursuant to the investor rights
agreement between the company and Zijin Mining Group Co. Ltd., Zijin has
exercised its right to acquire 8,004,800 common shares of Ivanhoe Mines at the
same issue price as QIA to maintain its pro rata equity interest of approximately
12.2% in the company, resulting in additional proceeds to Ivanhoe Mines of
approximately US$70 million. CITIC Metal Africa Investments Limited has waived
its right to acquire additional shares in Ivanhoe Mines, pursuant to its investor
rights agreement.
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three
principal projects in Southern Africa; the Kamoa-Kakula Copper Complex in the
DRC, the ultra-high-grade Kipushi zinc-copper-germanium-silver mine, also in the
DRC; and the tier-one Platreef platinum-palladium-nickel-rhodium-gold-copper
Mine in South Africa, which is set to start production in Q4 2025.
Ivanhoe Mines is exploring for copper in its highly prospective, 54-100% owned
exploration licences in the Western Forelands, covering an area over six times
larger than the adjacent Kamoa-Kakula Copper Complex, including the high-
grade discoveries in the Makoko District. Ivanhoe is also exploring for new
sedimentary copper discoveries in new horizons including Angola, Kazakhstan,
and Zambia.
Follow Robert Friedland (@robert_ivanhoe) and Ivanhoe Mines (@IvanhoeMines_)
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Public
Information contact
Investors
Vancouver: Matthew Keevil +1.604.558.1034
London: Tommy Horton +44 7866 913 207
Media
Tanya Todd +1.604.331.9834
About Qatar Investment Authority
Qatar Investment Authority (QIA) is the sovereign wealth fund of the State of
Qatar. QIA was founded in 2005 to invest and manage the state reserve funds.
QIA is among the largest and most active sovereign wealth funds globally. QIA
invests across a wide range of asset classes and regions, as well as in
partnership with leading institutions around the world, to build a global and
diversified investment portfolio with a long-term perspective that can deliver
sustainable returns and contribute to the prosperity of the State of Qatar.
Media Contact: [email protected]