On October 5, 2023, Cordoba Minerals Corp. received bridge financing of US$4 million in the form of a short-term convertible debenture from its majority shareholder, Ivanhoe Electric Inc. Cordoba will use the funds received from the debenture for the Alacran Project, via a credit facility to the 50/50 joint venture company that owns the project, CMH Colombia S.A.S.
Cassels acted for Cordoba Minerals.