US - Ivanhoe closes Santa Cruz mine finance
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Ivanhoe Electric has secured a $200 million, two-year senior secured bridge credit facility to support its $1.5 billion Santa Cruz copper mining project in Arizona. The facility, arranged by National Bank Capital Markets, Societe Generale, and BMO Capital Markets, is part of a broader financing strategy, including potential minority investments and long-term debt. Ivanhoe is in advanced talks with US Exim for up to $825 million in debt financing. The project aims to start construction in 2026 and produce copper by 2028.
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