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Ivanhoe Mines (TSX: IVN) has signed a memorandum of understanding (MoU) with Qatar’s sovereign wealth fund to advance exploration efforts in Africa. The MoU, finalized on Friday, establishes a framework for collaboration in developing critical minerals for the global energy transition.
The agreement coincides with Qatar Amir Sheikh Tamim bin Hamad Al-Thani’s visit to the Democratic Republic of the Congo, where he met with President Félix Tshisekedi. Under the MoU, Qatar Investment Authority (QIA) will assist Ivanhoe in its growth initiatives, including the Western Forelands exploration project in the Makoko district. Ivanhoe’s market capitalization stands at C$18 billion ($12.8 billion), and shares rose by 5.4% following the announcement.
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