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IE vs NEM

Ivanhoe Electric Inc. and Newmont Corporation

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Ivanhoe Electric Inc.

Ivanhoe Electric Inc., a mineral exploration company, focuses on developing mines from mineral deposits primarily in the United States. The company primarily explores for copper, gold, and silver deposits. Its flagship projects are the Santa Cruz Project, a copper exploration project that comprises 5,975 acres on private land and associated water rights located in Arizona; and the Tintic Project, which covers an area of approximately 81.97 square kilometers of private patented claims, unpatented claims, and state leases situated in Utah. The company was incorporated in 2020 and is headquartered in Tempe, Arizona.

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Newmont Corporation

Newmont Corporation engages in the production and exploration of gold properties. It also explores for copper, silver, zinc, lead, and other metals. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana, and internationally. Newmont Corporation was founded in 1916 and is headquartered in Denver, Colorado.

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