Q1 financials filed for
$IE - Ivanhoe Electric
Ivanhoe Electric spent $2.6 million at the Gleeson Project in Arizona in Q1 2026. The same project drew $96,000 in Q1 2025. Thats a 2,700% increase, and the first time
$IE has named Gleeson by name in a quarterly SEC filing.
From the filing: "the Gleeson Project in Arizona where $2.6 million of expenditure was incurred in the three months ended March 31, 2026. We commenced drilling in November 2025 and it is ongoing at the end of the quarter. Also, additional land purchases and leases have been executed."
✅
$IE Gleeson spend: $2.6M in Q1 2026 vs $96K a year prior
✅ Drilling commenced November 2025, ongoing at quarter end
✅ New land acquisitions confirmed in the district
✅
$IE cash: US$289.8M US$200M undrawn Bridge Facility