Ivanhoe Close To Inking $1.1 Billion Loan From Exim Bank

(MENAFN- Investor Brand Network) Ivanhoe Electric, a mineral exploration and extraction firm, may soon secure $1.1 billion in debt financing from the U.S. Export-Import Bank for the development of its Santa Cruz copper project in Arizona. The project is located roughly 65 kilometers southeast of Phoenix and is expected to become one of the first major new copper mines in the U.S. in nearly two decades. This comes as demand for the red metal continues to rise globally.

With concerns about copper supply rising as the months go by, the exploration activities of companies like Collective Mining Ltd. (NYSE American: CNL) (TSX: CNL) could attract growing attention as savvy investors seek to acquire stocks of companies poised to meet the future demand for...

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