Recent Updates — IE

Ivanhoe Electric Inc. issued a press release on September 23, 2026, announcing the updated S-K 1300 Preliminary Feasibility Study for its Santa Cruz Copper Project in Arizona. The study reports total indicated and inferred mineral resources of approximately 748 million tonnes containing 6.4 billion pounds of copper, with probable reserves of 140 million tonnes containing 1.52 billion pounds of copper. The project is designed as an underground mine producing approximately 75,000 tonnes of copper cathode annually for the first 15 years, utilizing a heap leach and solvent extraction/electrowinning process. Life-of-mine capital costs are estimated at $2.85 billion, with after-tax net present value of $1.52 billion and an internal rate of return of 18.7% based on a base copper price of $4.75 per pound. Ivanhoe Electric Inc. operates in the mining industry, focusing on the exploration and development of copper deposits.

On July 7, 2026, Ivanhoe Electric Inc. entered into an Amended and Restated Shareholders Agreement with Saudi Arabian Mining Company (Maaden) regarding their 50/50 Joint Venture in Saudi Arabia. Key changes include extending the exploration term to ten years (ending July 6, 2033), allowing the Joint Venture to acquire licenses directly, and granting the technical committee more authority to reallocate funds. The agreement maintains the Company's $66 million contribution and exclusive license of Typhoon™ technology in Saudi Arabia. Board approval is now required for material contracts valued at $2 million or more. Ivanhoe Electric remains the operator during the exploration phase. The company operates in the mining industry, focusing on mineral exploration and discovery.