Police searched the miner's office in November 2021 seeking information on $2.7 million in bank transfers from Ivanhoe to a Swiss bank account in connection with contracts for its Congolese mining operations.
The DPA funding allows the company to advance the construction readiness of the Stibnite project while the company continues through the ongoing permitting process.
Concerned shareholders are accusing company CEO and the board of directors of enriching themselves with more than C$6 million for just seven months of service.