Ma'aden, a mining company, completed the acquisition of a 9.9% stake in Ivanhoe Electric, a mineral exploration and development company, for $126m. "Ma'aden's strategic investment in Ivanhoe Electric is a critically important moment in our journey to become a leading supplier of strategic minerals, which will fuel global economic growth over the coming decade. Through Ma'aden, Saudi Arabia is making an invaluable contribution to fast-developing new industries across the world characterized by technological advancement," Robert Wilt, Ma'aden CEO.