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Stocks in play: Ivanhoe Electric
Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Ma'aden, the Company's Joint Venture partner in Saudi Arabia and a 9.9% shareholder, has formally subscribed under its top-up right. By exercising its top-up right, Ma'aden maintains its 9.9% ownership in Ivanhoe Electric common stock following the Company's follow-on equity offering in September. Ivanhoe Electric shares T.IE are trading unchanged at $14.85.
