"Ivanhoe Electric Confirms No Current Plans for Share Sale by Saudi Arabia Mining Company Despite Speculations
Portfolio Pulse from Benzinga Newsdesk
Ivanhoe Electric Inc. (NYSE:IE) has clarified that Saudi Arabia Mining Company (Ma'aden) has no current plans to sell its shares in Ivanhoe Electric, despite recent media speculations. The Registration Statement filed was a procedural obligation under the Investor Rights Agreements from Ma'aden's initial investment.
June 13, 2024 | 7:05 am
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Ivanhoe Electric Inc. (NYSE:IE) has clarified that Ma'aden has no current plans to sell its shares, countering recent media speculations. This clarification should alleviate investor concerns about potential share dilution.
The clarification from Ivanhoe Electric that Ma'aden has no plans to sell its shares should alleviate concerns about potential share dilution, likely leading to a positive short-term impact on the stock price.
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