IE — what changed in the latest 10-Q
A section-by-section comparison of IE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-11-05 vs the prior 10-Q · 2026-08-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +27 | −25 | ~36 | 42 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~6 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +4 | −1 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-11-05
On September 23, 2026, we announced the completion of the 2026 Preliminary Feasibility Study (the "2026 Study") for our 100%-owned Santa Cruz Copper Project in Arizona.
Situated entirely on private land in Arizona, the Santa Cruz Copper Project is poised to become a major domestic producer of 99.99% pure refined copper cathode. The highly engineered 2026 Study incorporates The Robbins Company’s
Crossover Tunnel Boring Machine (“TBM”), manufactured in Solon, Ohio, for mine access. The 2026 Study confirms the strong economics of a modern, high-grade underground copper mining operation and heap leach processing facility supported by advanced technologies.
The 2026 Study also reflects the continued advancement of detailed design and engineering, and updated cost estimates based on current market conditions.
The findings of the 2026 Study include that the Santa Cruz Copper Project is projected to produce 1.4 million tonnes of copper cathode over a 24-year mine life. With a base case copper price of $4.75/lb, the Santa Cruz Copper Project has an after-tax Net Present Value of $1.5 billion at an 8% discou…
Text removed vs the prior filing · source: 10-Q · 2026-08-07
On May 28, 2026, we, through our wholly owned subsidiary Mesa Cobre Holding Corporation (“Mesa Cobre”), entered into an Agreement for the Purchase, Supply, Transport, Assembly, Testing, and Commissioning of a Crossover XRE Tunnel Boring Machine (“TBM”) and Associated Equipment (the “Purchase Agreeme…
Pursuant to the Purchase Agreement, Robbins will sell, supply, transport, assemble, test, and commission for Mesa Cobre the TBM for Mesa Cobre’s use on the Santa Cruz Copper Project. Mesa Cobre will pay Robbins a total of $64.7
million, inclusive of a previously-paid deposit of $1.1 million. Upon the signing of the Purchase Agreement in June 2026, we paid $12.7 million to Robbins and will pay the remainder in a series of milestone payments relating to certain events specified in the Purchase Agreement relating to shipping,…
Commissioning occurs when the equipment is assembled, tested and operational, including the installation of the reaction frame at the bottom of the box cut at the site in accordance with the Purchase Agreement, and is to occur by July 30, 2027 or such other date that the parties may agree in writing…
Our engineers are preparing an updated Santa Cruz Copper Project S-K 1300 Preliminary Feasibility & Technical Report Summary and NI 43-101 Feasibility Study & Technical Report (the "PFS") to incorporate the engineering details of the TBM and material handling system. We expect to complete this study…
Other information
Text added vs the prior filing · source: 10-Q · 2026-11-05
During the three months ended September 30, 2026, each of the following officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted a written plan that is intended to satisfy the affirmative defense provided by Rule 10b5-1(c): Glen Kuntz, our Chief Technical Officer, on August 14, 2026; Ca…
•The plan is intended to provide for an eligible sell-to-cover transaction within the meaning of Rule 10b5-1;
•In the event that any tax withholding obligations arise exclusively from the vesting and settlement of any restricted share units (“RSUs”) or performance-based RSUs (“PSUs”) that the individual holds (except those which by their terms require the Company to withhold shares for tax withholding oblig…
•The plan terminates on the later of June 30, 2027 and the date on which the foregoing transactions have been completed.
Text removed vs the prior filing · source: 10-Q · 2026-08-07
During the three months ended June 30, 2026, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice