Qatar Investment Authority to Invest $500M in Canada’s Ivanhoe Mines
The Qatar Investment Authority (QIA) said on Wednesday that it will invest $500 million in Canada’s Ivanhoe Mines through a private share deal.
Details of the investment
Ivanhoe Mines will issue 57.5 million new shares to QIA at a price of $8.72 (CAD 12) per share. After the deal, QIA will own about 4% of Ivanhoe’s total shares.
The money raised will be used by Ivanhoe Mines for exploration, development, mining of critical minerals, and other business needs. The deal still needs to meet normal closing conditions. On the news, Ivanhoe’s stock rose 1.29% to $9.72 (CAD 13.37) in Toronto trading.
Focus on critical minerals
Ivanhoe’s Executive Co-Chair, Robert Friedland, said the investment supports the company’s plan to become a major supplier of critical metals. He added that Ivanhoe is searching around the world for new mining opportunities.
QIA CEO, Mohammed Saif Al-Sowaidi, said the deal will help Ivanhoe Mines in discovering, developing, and supplying critical minerals needed for clean energy and advanced technology.
Investor rights agreement
After the deal closes, Ivanhoe and QIA will sign an agreement giving QIA certain rights, such as board representation, access to company information if its stake goes above 10%, and protection against share dilution.
Existing investors CITIC Metal Africa Investments and Zijin Mining Group will also have the chance to buy new shares at the same price as QIA to keep their ownership levels.
Company value
As of September 17, 2025, Ivanhoe Mines had a market value of $12.97 billion (CAD 17.86 billion).
Published: 18th September 2025
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