# Ivanhoe Electric signs $64.7M TBM deal for Santa Cruz Copper Project

Ivanhoe Electric's subsidiary Mesa Cobre Holding Corporation entered into a purchase agreement with Global TBM Company (Robbins) for a tunnel boring machine valued at $64.7 million for the Santa Cruz Copper Project. Commissioning is targeted by July 30, 2027.

- Type: Contract
- Announced: 2026-05-29
- Where: United States
- Value: $64.7M
- Status: announced
- Products: tunnel boring machine
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Ivanhoe Electric](https://endata.com/companies/67815.md)
- [Global TBM Company](https://endata.com/companies/53113.md) (supplier)
- [Mesa Cobre Holding Corporation](https://endata.com/companies/92215.md) (customer)

## Sources

- [stocktitan.net](https://www.stocktitan.net/sec-filings/IE/8-k-ivanhoe-electric-inc-reports-material-event-11a77e17747e.html), 2026-05-29: "Mesa Cobre will pay Robbins a total of $64,710,043, including a previously paid $1,100,000 deposit."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.