Ivanhoe Electric Inc
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Materials : Metals & Mining | Small Cap Growth
Based in Canada
Company profile

Ivanhoe Electric Inc. is a mineral exploration and development company. The Company is focused on identifying and developing mineral projects, and mainly mines, associated with the metals necessary for electrification, in particular, copper, nickel, cobalt, vanadium, gold, silver, and the platinum group metals. Its two material mineral projects are Santa Cruz Copper Project (Santa Cruz) in Arizona and the Tintic Copper-Gold Project (Tintic) in Utah. The Santa Cruz is located between the towns of Casa Grande and Stanfield in Arizona, approximately a one-hour drive south of Phoenix. It encompasses approximately 47.3 square kilometers (km2) of land. The Tintic exploration area covers approximately 65 km2 of patented claims and unpatented claims. Its other key mineral projects are the Hog Heaven Copper-Silver-Gold Project, located in Montana, and the Sama Nickel-Copper-Palladium Project, located in the Ivory Coast. Its technologies include Typhoon, Computational Geosciences and VRB Energy.

Closing Price
Day's Change
0.30 (2.22%)
B/A Size
Day's High
Day's Low

10-day average volume:

Reddit to cut 5% of workforce, slow hiring in restructuring move: report

3:48 pm ET June 6, 2023 (MarketWatch)

Social-media company Reddit will reportedly cut 5% of its workforce, or about 90 employees, and slow hiring more than a year and a half after reportedly filing for a confidential initial public offering, according to the Wall Street Journal on Tuesday, citing an internal email sent to employees. Hiring for the year will also be slowed to about 100 new hires, down from a previously estimated 300, Chief Executive Steve Huffman told employees, the WSJ reported. Reddit uses discussion sites called subreddits where users can engage each other on any imaginable topic, or where often famous users can initiate "ask me anything" threads, or in the case of subreddits like WallStreetBets, create a buy and hold market for once-left-for-dead stocks like GameStop Corp. (GME) and AMC Entertainment Holdings Inc. (AMC). Reddit has already raised about $1.3 billion in venture capital, according to Crunchbase. Reddit filed confidential paperwork in January 2022 for a possible initial public offering seeking a valuation of as much as $15 billion, Bloomberg had reported at the time

-Wallace Witkowski

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(END) Dow Jones Newswires

June 06, 2023 15:48 ET (19:48 GMT)

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