Ivanhoe Electric owns or holds stakes in nine electric metals developments across the US, including the Santa Cruz copper project in Arizona and its Tintic project in Utah.
Martin Preece, who runs the company’s South Deep gold mine in South Africa, will take on the role of interim CEO while the board searches for a new boss.
Natural Resources Minister Jonathan Wilkinson’s comments come days after his ministry published a critical minerals strategy that pledged to review Canada’s approval process for developing mines.