$126.5mln from Saudi Arabia invested to 50%-50% JV with (not EUR...

$126.5mln from Saudi Arabia invested to 50%-50% JV with (not EUR yet) Ivanhoe Electric for exploration of battery metals.

Ivanhoe Electric and Ma’aden Sign Definitive Agreement and Finalize Terms for Exploration Joint Venture and Strategic Investment
Transaction Creates Groundbreaking 50/50 Exploration Joint Venture in the Kingdom of Saudi Arabia
Ma’aden will Complete a US$126.5 Million Strategic Investment in Ivanhoe Electric Common Stock
At closing, Ma’aden and Ivanhoe Electric will form a 50/50 exploration joint venture in Saudi Arabia to explore for copper, nickel, gold, silver and other electric metals.

https://ivanhoeelectric.com/news/ivanhoe-electric-and-maaden-sign-definitive-agreement-and-finalize-terms-for-exploration-joint-venture-and-strategic-investment/