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Ivanhoe Electric Inc.

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Ivanhoe Electric is a technology-driven minerals exploration and development company based in the United States, focusing on copper and other critical metals essential for electric transmission, manufacturing, and national security.

Investor website: https://ivanhoeelectric.com/

About

Ivanhoe Electric is a technology-driven minerals exploration and development company based in the United States, focusing on copper and other critical metals essential for electric transmission, manufacturing, and national security. The company operates wholly owned assets in the U.S. and engages in exploration joint ventures in Saudi Arabia and Chile, utilizing advanced technologies like the Typhoon™ geophysical surveying system to enhance mineral exploration and development while prioritizing community relationships and environmental responsibility.

Verified company data

Shares outstanding
158.0M
Mineral resource
The Mineral Resources in this estimate were independently prepared by Nordmin Engineering Ltd and the Mineral Resources were prepared in accordance with the definitions for Mineral Resources in S-K 1300 and with NI 43-101 and with the CIM Definition Standards for Mineral Resources and Mineral Reserves (2014) and the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2019). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. No environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues are known that may affect this estimate of Mineral Resources. Verification included multiple site visits to inspect drilling, logging, density measurement procedures and sampling procedures, and a review of the control sample results used to assess laboratory assay quality. In addition, a random selection of the drill hole database results was compared with original records. The Mineral Resources in this estimate for the Santa Cruz Deposit used Datamine Studio RMTM software to create the block models. The Mineral Resources have an effective date of December 8, 2021. Underground Mineral Resources are reported at a CoG of 0.39% Total Cu, which is based upon a Cu price of US$3.70/lb and a Cu recovery factor of 80%. Specific gravity was applied using weighted averages by lithology. All figures are rounded to reflect the relative accuracy of the estimates, and totals may not add correctly. Excludes unclassified mineralization located along edges of the Santa Cruz deposit where drill density is poor. Report from within a mineralization envelope accounting for mineral continuity. Acid soluble Cu and cyanide soluble Cu are not reported for the Primary Domain. Mineral Resources were classified into Indicated and Inferred categories based on geological and grade continuity, in conjunction with data quality, spatial continuity based on variography, estimation pass, data density, and block model representativeness, specifically assay spacing and abundance, kriging variance, and search volume block estimation assignment. The Mineral Resource Estimate has been defined based on an applied percentage (%) CuT CoG to reflect processing methodology and assumed revenue stream from Cu. The Mineral Resource Estimate is based on an underground bulk mining methodology and surface float and leach process to recover cathode Cu or a mixture of cathode Cu and Cu saleable concentrates.
Projects
["### Santa Cruz\nLocation\n\nArizona, USA\n\nOwnership\n\n~ 6,000 acres of 100%-owned private surface, mineral and associated water rights\n\nMetal\n\nCopper\n\nOpportunity\n\nSanta Cruz Copper Project has the potential to be one of America's next high-quality copper mines, producing pure copper cathode to help meet domestic demand as early as 2028.","### Tintic\nLocation\n\nUtah, USA\n\nOwnership\n\n84.6% current; option and lease rights to 100%1\n\nMetal\n\nCopper, gold, silver\n\nOpportunity\n\nCompleted the largest Typhoon™ 3D induced polarization survey ever conducted and identified three porphyry copper targets that appear to be of similar scale to the Bingham Canyon mine.\n\n1. 84.6% current ownership interest by acreage; options and lease rights cover balance aggregating to 100% of the mineral title by acreage.","### Hog Heaven\nLocation\n\nMontana, USA\n\nOwnership\n\nEarn-in with Brixton Metals where Ivanhoe Electric may earn up to a 75% interest\n\nMetal\n\nCopper, gold, silver.\n\nOpportunity\n\nPast-producing high-grade precious metals district with untested porphyry-copper potential.","### San Matias\nLocation\n\nCordoba, Colombia\n\nInvestment Vehicle\n\nCordoba Minerals\n\nOwnership\n\nIvanhoe Electric owns 63% of Cordoba Minerals\n\nMetal\n\nCopper, gold, silver","### Pinaya\nLocation\n\nArequipa, Peru\n\nInvestment Vehicle\n\nKaizen Discovery\n\nOwnership\n\nIvanhoe Electric owns 100% of Kaizen Discovery\n\nMetal\n\nCopper, gold","### Sama\nLocation\n\nTonkpi, Côte d’Ivoire\n\nInvestment Vehicle\n\nSama Resources\n\nOwnership\n\nOption to 60%; and Ivanhoe Electric owns 23% of Sama Resources\n\nMetal\n\nNickel, copper, cobalt, PGE, gold\n\nOpportunity\n\nA district scale nickel-copper-cobalt-PGE-Au play with Typhoon™ identified anomalies","### Joint Venture with Saudi Arabian Mining Company (Maaden)\nLocation\n\nArabian Shield, Saudi Arabia\n\nOwnership\n\n50/50 Joint Venture with Saudi Arabian Mining Company (Maaden)\n\nOpportunity\n\nTo explore for copper, gold, silver and other electric metals on the underexplored Arabian Shield."]
Leadership
Taylor Melvin (President, Chief Executive Officer and Director, Taylor Melvin has served as our Chief Executive Officer, President and member of our Board of Directors since November 2022. Mr. Melvin has over twenty years of experience in the natural resources sector as a senior corporate development professional and investment banker. Prior to joining Ivanhoe Electric, Mr. Melvin served as Vice President, Corporate Development for Freeport-McMoRan Inc. from June 2018 to March 2022, after having served as the company’s Director – Finance & Business Development since 2008. Prior to joining Freeport-McMoRan in 2008, Mr. Melvin was an Executive Director in J.P. Morgan’s Natural Resources investment banking group in New York. Mr. Melvin received his Bachelor of Science in Business Administration and his MBA from the University of North Carolina at Chapel Hill.), Michelle Lammers (Chief Operating Officer, Michelle Lammers has served as our Chief Operating Officer since September 2026. Ms. Lammers is a mining executive with over 25 years of experience in the mining and metals industry, with extensive experience in mine operations, mineral processing, smelting, refining, project development and operational improvement. Prior to joining the Company, Ms. Lammers spent 25 years with ASARCO LLC, most recently serving as Operations Director. She holds a Bachelor of Science degree in Metallurgical Engineering from the South Dakota School of Mines and Technology.), Jordan Neeser (Chief Financial Officer, Mr. Neeser has served as our Chief Financial Officer since November 21, 2022. He is a finance executive with over twenty years of experience in financial reporting, corporate development, and corporate finance, primarily in the mining sector. He holds a Bachelor of Commerce degree from the University of British Columbia, Vancouver, Canada.), Quentin Markin (Executive Vice President, Business Development and Strategy Execution, Mr. Markin has served as our Executive Vice President, Business Development and Strategy Execution since January 1, 2023. He is a seasoned mining lawyer with over twenty-four years of experience, all with the Canadian firm Stikeman Elliott LLP. He received his Bachelor’s of Law Degree from the University of Ottawa, Canada.), Cassandra Joseph (General Counsel and Corporate Secretary, Ms. Joseph has served as our General Counsel and Corporate Secretary since February 1, 2023. She is an accomplished U.S. mining industry legal executive with over twenty years of experience in corporate, environmental, and intellectual property law. She holds a Juris Doctor from Santa Clara University School of Law and a Bachelor of Arts from the University of California, Berkeley.), Glen Kuntz (Senior Vice President, Mine Development, Mr. Kuntz has served as our Senior Vice President, Mine Development since November 21, 2022, and prior to that was our Chief Technical and Innovation Officer since January 2022. He holds a Bachelor’s of Science in Geology from the University of Manitoba.), Alex Neufeld (Senior Vice President, Exploration, Mr. Neufeld has over 18 years of experience in global mineral exploration across various commodities and deposit types. Before joining Ivanhoe Electric in December 2023, he led the development of global portfolio analysis and operational planning systems for Anglo American’s global exploration team.

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