Purchase Date: 08/15/2022
Share Amount: 104
Purchase Price: $9.72
Total Cash Spent: $1,010.88

Headquarters: Vancouver, BC
Owner/Operator: Robert M. Friedland
Shares Owned: 7,688,692 directly + 13,500,101 indirectly (SEC Form 3 filed on 6/27/2022)
IPO Date: June 28, 2022


Why: The slogan of the company tells the investment thesis. "The electrification of everything." Ivanhoe Electric is a minerals exploration company focused on the metals that will aid in the electrical vehicle space and other electric industries. These metals include copper, gold, silver, nickel and platinum - with mines located in North America to combat dependance on foreign mining nations such as Russia and China.

It is obvious to anyone who looks outside, or sees commercials on TV - electric vehicles are the here and now, and they will only become more prevalent. Should Ivanhoe be able to successfully mine for the metals that are needed in electric vehicles, and other electric industries, they may be able to become a big sustainable player in the future.

Additionally, the owner/operator is eccentric billionaire Robert Friedland who amassed his wealth through developing mines throughout the world. When he speaks, big money listens. Invest with billionaires - they are proven winners.
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