11:00 AM EDT, 09/17/2025 (MT Newswires) -- Ivanhoe Mines ( IVPAF ) said Wednesday it will raise US$500 million from Qatar Investment Authority (QIA) in a private placement of 57.5 million shares. The shares priced at $12 each, will give QIA a 4% stake.

Proceeds will be used for critical minerals exploration and development and general corporate purposes. The two parties also intend to collaborate on further strategic partnerships.

Ivanhoe's major shareholders Zijin Mining and CITIC Metal Africa can maintain their stakes through matching investments, Ivanhoe added.

Ivanhoe operates three principal projects in southern Africa, including the Kamoa-Kakula copper mine and the Kipushi zinc mine, both in the Democratic Republic of Congo.

"This landmark investment by the Qatar Investment Authority is a powerful endorsement of Ivanhoe Mines' ( IVPAF ) vision to be a leading supplier of critical metals that will drive the electrification of the global economy, development of new energy infrastructure, and growth of advanced technologies like large-scale datacentres and AI," said executive co-chair Robert Friedland.

Ivanhoe Mines ( IVPAF ) is up $0.09, to $13.28, on the Toronto Stock Exchange.

Price: 13.28, Change: +0.09, Percent Change: +0.68