Govind Friedland

Ivanhoe Electric CEO Taylor Melvin shared his insights into future copper demand, valuations and our Santa Cruz Copper Project in Arizona in an interview with CNBC to mark the start of London Metal Exchange Week. “A year ago going into LME, we were just coming into almost five-dollar copper and a year later here we are at, close to $6.66 a pound,” he said on @CNBC’s Squawk Box Europe. “Most projections currently talk about higher copper prices needed to incentivize the projects that we need to meet global demand, so it certainly is a very good time to be in this industry.” While copper prices and miner valuations may fluctuate on concerns over the financing of copper-intensive mega projects such as AI data centers, a significant slowing of long term demand is unlikely, he said. “It's hard to think that one of these large scale technology companies is going to make an investment decision on a hyperscale data center based on the cost of copper,” he said. “And that same inelasticity applies to another demand pocket that's emerging, which is national security, national defense budget.” It’s not uncommon for copper producers to see a disconnect between their stock valuation and the intrinsic value of their assets, he said. “There's definitely a disconnect between the current valuation and our shares and the intrinsic value of our assets,” he said. “We're in the development stage of a very important and very high-quality asset in the United States.” Ivanhoe Electric’s Santa Cruz Copper Project is designed to produce 99.99% pure copper cathode over a 24-year mine life with average annual production of about 75,000 tonnes of copper cathode. Watch a clip from the interview on CNBC: cnbc.com/video/2026/10/19/iv… #mining #copper #trade #AI #usindustry #londonmetalsweek

Atomic Eagle Limited has reached an agreement with the Republic of Niger to re-establish its interest in the Madaouela Uranium Project, which was expropriated from previous holder GoviEx Uranium Inc in 2024. world-nuclear-news.org/artic…

At the American Mining Roundtable, earlier today @realDonaldTrump announced that and the @EximBankUS is working to provide more than $1 billion to finance @ivanhoeelectric’s Santa Cruz Copper project in Arizona. Santa Cruz will be America’s next, major, long-term domestic producer of refined copper, strengthening U.S. supply chain independence and reducing our country’s reliance on imported refined copper.

If you’re interested in the future of mining or energy you need to stop here and make sure you understand the implications here . I-Pulse technology changes everything The semiconductors I-Pulse is developing under today’s announced $250 million award are high-temperature, high-performance silicon-carbide (SiC) based components, specifically high-current, high-voltage solid-state switches and related packaging/capacitors. These are not standard chips. They are specialized power electronics engineered to survive and operate in extreme conditions (high heat, mechanical shock, high voltage/current) where conventional silicon semiconductors would fail. Their core purpose is to enable I-Pulse’s proprietary pulsed power technology at commercial scale. Pulsed power is the third and most efficient way to use electrical energy, we had AC , DC and now “pulse”. It works by taking a small amount of stored energy and repeatedly compressing/releasing it in extremely short, powerful bursts (e.g., cell-phone-battery-scale energy released at nuclear-plant-equivalent power levels in under 10 millionths of a second). Yeah I said nuclear power plant output from an iPhone battery for a minuscule amount of time . Deep Geothermal Drilling is a game changer . It’ll rival nuclear or ellipse nuclear . How it works: The high-temperature SiC switches deliver extremely high-power electrical pulses to hot granite and other geothermal formations ahead of the drill bit. These pulses fracture and soften the rock, dramatically increasing drilling speed , depth and cost Outcome = Massively reduced drilling costs which is the biggest barrier to deep geothermal development. This unlocks the world’s untapped hot dry rock geothermal resources for next-generation advanced geothermal power plants. It being on par with Nuclear Why it matters: Geothermal provides 24/7 baseload, dispatchable, secure, low-cost, carbon-free power (unlike intermittent solar/wind). re industrial. It’s literally using the earth as a nuclear power plant -we have unlimited solar energy and we have unlimited earth heat , high-temperature semiconductors and capacitors are required for this new hyper disruptive drilling technology to function in extreme downhole conditions. Other Applications Enabled by These Semiconductors a also revolutionary Mining & Critical Minerals : Pulsed power rock breaking/crushing (more energy-efficient, potentially higher recovery rates by fracturing along mineral boundaries). Defense Systems : High-power pulsed applications in harsh conditions. Manufacturing, Disruptive high-speed/precision welding, metal-forming, and crimping at industrial scale. Mineral & Water Exploration : Non-invasive high-definition detection methods. Agriculture : Crop protection applications. Electrical herbicide , easy to apply to broad acre crops and more effective than chemicals Future/Long-term — Efficient high-power systems for space colonization (Moon/Mars), as noted in the release. Strategic & National Impact (Per the CHIPS Award) If we can accelerate zero carbon geothermal globally it’ll literally change the world as much as technology we have seen in civilisation to date .