BlackRock World Mining Trust plc (LON:BRWM) has noted the announcement from Ivanhoe Electric Inc. that it intends to IPO on Friday, 24 June 2022.
As disclosed in the Company’s 2021 Annual Report, the Company’s investment consists of common shares of Ivanhoe Electric Inc. and I-Pulse Inc., as well as a series of convertible notes, which together equated to 1.2% of the portfolio as at 31 December 2021.
Assuming the mid-point of the announced IPO valuation range, it is estimated that the total value of our holding will increase resulting in an uplift of approximately 140 basis points to the Company’s NAV based on a portfolio valuation date of 21 June 2022.
For more information on the Blackrock World Mining Trust and how to access the opportunities presented by mining, please visit www.blackrock.com/uk/brwm
