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.