Ivanhoe Electric Inc. (IE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 10.44% of current shares
Recent Dilution: 29.44% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
160M
Potential Supply
17M
Additional shares possible
Splits
None
Past 2 years

Summary

IE currently has 158M outstanding shares. with limited dilution risk as only 16.5M additional shares (10.4%) are authorized for issuance. The company has significantly diluted shareholders by 29.44% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 158.5M shares outstanding

160M 17M
Nov 05, 2025

10-Q filing | 132.9M shares outstanding

130M 17M
Oct 22, 2025

8-K filing: Ivanhoe Electric Inc. entered into an Underwriting Agreement related to a public offering of 10,000,000 shares of common stock at a public offering price of $15.00 per share, with an option for the Underwriters to purchase an additional 1,500,000 shares. ($150.0M proceeds)

130M 17M
Aug 05, 2025

10-Q filing | 132.6M shares outstanding

130M 17M
May 06, 2025

10-Q filing | 126.7M shares outstanding

130M 17M
Feb 27, 2025

10-K filing | 120.4M shares outstanding

120M 17M
Feb 14, 2025

8-K filing: Ivanhoe Electric Inc. completed a public offering of 11,794,872 units, each consisting of one share of common stock and one warrant, at $5.85 per unit, with net proceeds of approximately $66 million, including the underwriter's option exercise. Robert Friedland, the Company's Executive Chairman, purchased 816,667 Units in the Offering. ($66.0M proceeds)

120M 17M
Feb 12, 2025

8-K filing: Ivanhoe Electric Inc. entered into an Underwriting Agreement with BMO Capital Markets Corp. for a public offering of 10,256,411 units, each consisting of one share of common stock and one warrant, at $5.85 per unit. ($60.0M proceeds)

120M 17M
Nov 08, 2024

10-Q filing | 120.4M shares outstanding

120M 17M
Aug 07, 2024

10-Q filing | 120.3M shares outstanding

120M 17M
May 08, 2024

10-Q filing | 120.2M shares outstanding

120M 17M
Feb 26, 2024

10-K filing | 120.3M shares outstanding

120M 17M
Nov 08, 2023

10-Q filing | 119.0M shares outstanding

120M 17M
Oct 25, 2023

POS AM filing: This prospectus relates to the registration and resale of up to 19,763,175 shares of common stock of Ivanhoe Electric Inc.

100M 17M
Oct 23, 2023

8-K filing: Ivanhoe Electric Inc. will sell 1,513,650 shares of common stock to Saudi Arabian Mining Company Ma'aden in a private placement at $13.50 per share, for aggregate gross proceeds of approximately $20.4 million. ($20.4M proceeds)

100M 46M
Sep 19, 2023

8-K filing: Ivanhoe Electric Inc. closed its public offering on September 18, 2023, consisting of 11,851,852 shares of common stock at $13.50 per share, with gross proceeds of approximately $160 million, and the underwriters exercised their option to purchase an additional 1,777,777 shares of common stock, expected to close on September 21, 2023, for approximately $24 million. ($184.0M proceeds)

100M 46M
Sep 14, 2023

8-K filing: Ivanhoe Electric Inc. entered into an Underwriting Agreement for a public offering of 11,851,852 shares of common stock at $13.50 per share, with an option for the Underwriters to purchase an additional 1,777,777 shares. ($153.0M proceeds)

100M 46M
Aug 14, 2023

10-Q filing | 103.8M shares outstanding

100M 46M
Jul 06, 2023

8-K filing: Ivanhoe Electric Inc. completed the closing of a common stock subscription agreement with Saudi Arabian Mining Company Ma'aden, issuing 10,269,604 shares at $12.38 per share for gross proceeds of approximately $127.1 million. ($127.1M proceeds)

93M 46M
May 15, 2023

10-Q filing | 93.0M shares outstanding

93M 46M
Mar 20, 2023

S-1/A filing: This S-1/A filing registers the resale of up to 29,562,941 shares of common stock by selling stockholders.

93M 46M
Mar 14, 2023

10-K filing | 93.0M shares outstanding

93M 47M
Feb 02, 2023

S-1/A filing: This S-1/A filing relates to the registration and resale of common stock by selling stockholders and also discloses previous sales of common stock and convertible notes.

93M 47M
Jan 19, 2023

S-1/A filing: This S-1/A filing relates to the registration and resale of shares of common stock and convertible notes.

93M 47M
Jan 11, 2023

8-K filing: Ivanhoe Electric Inc. entered into an agreement with Saudi Arabian Mining Company Ma'aden for a strategic investment of $126.4 million in newly issued shares of common stock and the establishment of a 50/50 exploration joint venture in Saudi Arabia. ($126.4M proceeds)

93M 17M
Nov 14, 2022

10-Q filing | 92.9M shares outstanding

93M 17M
Aug 12, 2022

10-Q filing | 92.9M shares outstanding

93M 17M
Jun 30, 2022

8-K filing: Ivanhoe Electric Inc. became obligated to issue 13,628,958 shares of common stock upon the conversion of convertible notes and 945,626 shares of common stock to Central Arizona Resources Ltd.

93M 17M
Jun 24, 2022

S-1/A filing: This S-1/A filing includes the sales of shares of common stock and convertible notes. 14,388,000 shares of common stock are being offered at a price of $12.12 per share, with an option to purchase an additional 2,158,200 shares. The company estimates net proceeds of approximately $161.4 million, or $186.2 million if the underwriters exercise their option. The proceeds will be used for working capital and general corporate purposes.

93M 17M
Jun 17, 2022

S-1/A filing: This S-1/A filing relates to the sales of shares of common stock and convertible notes, with the company offering 14,388,000 shares of common stock at an initial public offering price of $12.12 per share, with net proceeds estimated to be approximately $161.0 million.

93M 14M
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