# Ivanhoe Electric Inc. (IE) — activist_campaign/settlement [completed]
Source: SEC API (secapi.ai) · situation sit_54120f8eda73e4e10e12 · retrieved 2026-08-11T15:52:11.101Z

## Overview
Ivanhoe Electric Inc. is a mining exploration company that holds a 50% stake in a joint venture with Saudi Arabian Mining Company (Maaden) to explore for mineral deposits in Saudi Arabia using proprietary Typhoon™ geophysical technology.

On July 7, 2026, Ivanhoe Electric Inc. entered into an Amended and Restated Shareholders Agreement with Maaden, Ivanhoe Electric Mena Holdings Ltd., and the joint venture entity Maaden Ivanhoe Electric Exploration and Development Limited Company. The agreement amends and restates the prior shareholders agreement dated July 6, 2023. Key changes include: (1) the joint venture and its subsidiaries may now acquire exploration and mining licenses directly in the joint venture's name rather than only accessing Maaden-held licenses; (2) the exploration term has been extended from an initial five-year term to ten years, now expiring on July 6, 2033; (3) the technical committee has been granted greater authority to reallocate funds within approved budgets and approve non-material amendments to exploration programs without requiring board approval in each instance; and (4) various governance and operational improvements relating to prior amendments.

## Terms
- Counterparty: Saudi Arabian Mining Company (Maaden) · Stake: 50%

## Key dates
- Expiry 2033-07-06 · Expected close 2026-07-07 · Completed 2026-07-08

## Timeline
- 2026-07-08 · 8-K (0001104659-26-081472): Ivanhoe Electric amends Saudi Arabia JV agreement; extends exploration term to July 2033 — *Ivanhoe Electric Inc. is a mining exploration company that holds a 50% stake in a joint venture with Saudi Arabian Mining Company (Maaden) to explore for mineral deposits in Saudi Arabia using proprietary Typhoon™ geophysical technology.* On July 7, 2026, Ivanhoe Electric Inc. entered into an Amended and Restated Shareholders Agreement with Maaden, Ivanhoe Electric Mena Holdings Ltd., and the joint venture entity Maaden Ivanhoe Electric Exploration and Development Limited Company. The agreement amends and restates the prior shareholders agreement dated July 6, 2023. Key changes include: (1) the joint venture and its subsidiaries may now acquire exploration and mining licenses directly in the joint venture's name rather than only accessing Maaden-held licenses; (2) the exploration term has been extended from an initial five-year term to ten years, now expiring on July 6, 2033; (3) the technical committee has been granted greater authority to reallocate funds within approved budgets and approve non-material amendments to exploration programs without requiring board approval in each instance; and (4) various governance and operational improvements relating to prior amendments.
  https://www.sec.gov/Archives/edgar/data/1879016/0001104659-26-081472.txt

## Citations
- 0001104659-26-081472 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110465926081472