Ivanhoe Electric Inc (IE)

The 5 Strategic Projects Quietly Defining the Next Decade of West's Critical Minerals SupplyMay 13, 2026 11:19 AM
PR Newswire (Canada) Issued on behalf of Greenland Mines Ltd.Seabridge's KSM was named a B.C. priority project on April 30. NioCorp broke ground on the Elk Creek mine portal in March. B2Gold's Goose Mine in Nunavut hit commercial production in October. Ivanhoe Electric's Santa Cruz copper PFS lands first cathode in 2028. The Western mega-asset list is short — and getting shorter.KEY TAKEAWAYS The list of Western-aligned, large-scale, long-life critical-mineral deposits actively progressing toward production in 2026 is short. Seabridge Gold's KSM (BC), NioCorp's Elk Creek (Nebraska), B2Gold's Goose Mine (Nunavut), and Ivanhoe Electric's Santa Cruz / Tintic projects (Arizona / Utah) are among the small handful that have crossed the threshold from "exploration story" to "active development with government backing or production milestone." Skaergaard now increasingly fits that list. On May 7, 2026, Greenland Mines Ltd. (Nasdaq: GRML) released SLR Consulting's independent metal-price sensitivity analysis on its Skaergaard Project, indicating 16.58 Moz palladium-equivalent Indicated and 21.92 Moz palladium-equivalent Inferred in the high-price case — a 45% Indicated grade uplift and 55% Inferred uplift on the same 2022 underground-constrained block model. The 2026 field, drill, and bulk-sample campaign is fully funded. Greenland Mines holds an 80% direct interest in the Project with an option on the remaining 20%, supported by SLR (geology / Qualified Person), GTK Mintec (metallurgy at the Geological Survey of Finland's Outokumpu facility), and WSP (environmental baseline). Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance on April 22, 2026 — placing the Project formally inside the EU's industrial framework for critical-raw-materials security.CHARLOTTE, N.C., May 13, 2026 /CNW/ -- American News Group News Commentary The Western critical-minerals development pipeline has a smaller short list than most investors realize.To make the list, a project needs scale, jurisdictional safety, advanced technical work, recent regulatory or operational momentum, and a credible path to financing. Not many projects in the entire Western Hemisphere clear all five gates simultaneously. The ones that do are quietly attracting the institutional, government, and strategic capital that will define the next decade of critical-minerals supply.SEABRIDGE GOLD: KSM, BRITISH COLUMBIASeabridge Gold  (NYSE: SA) (TSX: SEA) owns one of those projects. The KSM Project in British Columbia's Golden Triangle hosts 7.3 billion pounds of copper and 47.3 million ounces of gold in proven and probable reserves (2.29 billion tonnes grading 0.64 g/t Au and 0.14% Cu) — among the largest undeveloped copper-gold deposits on Earth[1]. On April 30, 2026, the Province of British Columbia designated KSM as a provincial priority project, granting dedicated permitting coordination to streamline regulatory timelines under the Province's "Look West" strategy. The designation followed Seabridge's March 30 announcement of an updated Mineral Resource Estimate that added 6.8 million ounces of gold and 1.5 billion pounds of copper to the Measured and Indicated category. Twenty years and roughly C$1 billion of work have moved KSM well past exploration. Provincial backing is the next compounding signal.NIOCORP DEVELOPMENTS: ELK CREEK, NEBRASKANioCorp Developments (NASDAQ: NB) owns another. The Elk Creek Critical Minerals Project in southeast Nebraska is North America's only niobium-scandium-titanium deposit at Feasibility Study stage and is permitted for construction. On March 4, 2026, Congressman Adrian Smith and local Nebraska officials launched the inaugural excavation of the Elk Creek mine portal[2]. On April 9, 2026, NioCorp signed a non-binding term sheet with Traxys North America covering marketing and offtake for the entire remaining product slate from Elk Creek's first 10 years of operations, alongside a potential $30 million strategic investment from Traxys[3]. On October 23, 2025, NioCorp announced a Pentagon-funded scandium technology agreement with Lockheed Martin. NioCorp's product list — niobium, scandium, titanium, and several magnetic rare earths including neodymium, praseodymium, terbium, and dysprosium — sits squarely on the U.S. government's critical-minerals list.B2GOLD: GOOSE MINE, NUNAVUTB2Gold   (NYSE American: BTG) (TSX: BTO) owns a third. The Goose Mine in Nunavut, Canada — the most advanced asset in the Back River Gold District — achieved commercial production on October 2, 2025. The Q1 2026 results released May 6, 2026 showed all four operating mines (Fekola, Goose, Masbate, Otjikoto) exceeded production expectations, with consolidated gold production of 237,763 ounces and free cash flow of $362 million[4]. Full-year 2026 guidance is 820,000 to 970,000 ounces. On April 20, 2026, B2Gold and Agnico Eagle announced a collaboration agreement on Goose-area assets. The Goose Mine is the operational proof point for what an Arctic-jurisdiction precious-metals project looks like once it crosses into commercial production.IVANHOE ELECTRIC: SANTA CRUZ AND TINTIC, U.S.Ivanhoe Electric (NYSE American: IE) (TSX: IE) owns a fourth. The Santa Cruz Copper Project in Arizona — chaired by Robert Friedland — completed its Preliminary Feasibility Study in June 2025, targeting initial construction in the first half of 2026 and first copper cathode production in 2028. The Tintic Copper-Gold Project in Utah and a 50/50 joint venture with Saudi Arabian Mining Company Ma'aden across approximately 48,500 km² of underexplored Arabian Shield round out a portfolio explicitly described by the Company as supporting "United States supply chain independence"[5]. Ivanhoe Electric's exploration mandate covers copper, nickel, vanadium, cobalt, platinum group elements, gold, and silver — a multi-metal mandate that overlaps directly with the metals contained in the Skaergaard intrusion.THE GRML POSITIONThat is the company Greenland Mines Ltd. (NASDAQ: GRML) is now keeping.The 2022 NI 43-101 Mineral Resource on the Skaergaard Project hosts 25.4 Moz palladium-equivalent and 23.5 Moz gold-equivalent across the combined Indicated and Inferred categories — one of the largest undeveloped Pd-Au-Pt deposits on Earth, with a gross undiscounted in-situ resource value of approximately $68 billion at February 2026 metal prices, calculated on an illustrative basis and before any technical or economic factors[6]. The May 7, 2026 SLR Consulting sensitivity work — applied to the existing underground-constrained block model with all geologic and technical inputs held constant — indicates 16.58 Moz palladium-equivalent Indicated and 21.92 Moz palladium-equivalent Inferred in the high-price case[7]. Greenland Mines holds an 80% direct interest with an option on the remaining 20%, executed through its 80%-owned Greenland subsidiary Major Precious Greenland A/S, which was admitted to the European Raw Materials Alliance alongside Greenland Mines on April 22, 2026[8]. The 2026 field, drill, and bulk-sample campaign is fully funded.The 2026 program will begin evaluating open-pit and bulk-mining scenarios alongside the underground concept — a separate, mine-method-based lever independent of any further metal-price assumption[7].President Bo Møller Stensgaard, Ph.D., described Skaergaard as: "a future operation in the making, with mine method and metal prices acting as levers."[7]READ THE ENTIRE REPORT ON GREENLAND MINES LTD HEREFive gates: scale, jurisdictional safety, advanced technical work, recent regulatory or operational momentum, and a credible path to financing.KSM has them. Elk Creek has them. Goose has them. Santa Cruz has them.Skaergaard now checks many of the same boxes, at an earlier stage.FREQUENTLY ASKED QUESTIONSWhat did the May 7, 2026 SLR sensitivity study conclude?Applied to the existing 2022 underground-constrained Mineral Resource model, with all geologic and technical inputs held constant, the high-price sensitivity case indicates 16.58 million ounces of palladium-equivalent Indicated and 21.92 million ounces of palladium-equivalent Inferred — a 45% grade uplift in the Indicated category and 55% in the Inferred versus the 2022 base case[7].Where is the Skaergaard Project located?In Southeast Greenland, less than 1,600 kilometers from the U.S. eastern seaboard. Greenland Mines holds an 80% direct interest in the Project with an option on the remaining 20%, executed through its 80%-owned Greenland subsidiary Major Precious Greenland A/S[6].What is the European Raw Materials Alliance designation?On April 22, 2026, Greenland Mines and its 80%-owned subsidiary Major Precious Greenland A/S were admitted to the European Raw Materials Alliance, the industry-driven alliance established by the European Commission to secure reliable, sustainable access to critical and strategic raw materials for Europe's industrial ecosystems[8].Has GRML completed a feasibility study?No. The most recent technical work is the 2022 NI 43-101 Mineral Resource Estimate. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project.For more information about Greenland Mines Ltd. (Nasdaq: GRML), visit the  American News Group GRML profile.Article Sources:1. Seabridge Gold Inc., "Seabridge Gold's KSM Project Named a Priority Project by the Province of British Columbia," April 30, 2026; updated KSM Mineral Resource Estimate, March 30, 2026.2. NioCorp Developments Ltd., "Congressman Adrian Smith Starts Dig of NioCorp's Elk Creek Project Mine Portal," March 4, 2026.3. NioCorp Developments Ltd., "NioCorp Reaches Non-Binding Agreement with Traxys North America," April 9, 2026; "Pentagon Funds Joint Development Effort with NioCorp and Lockheed Martin to Develop a Scandium-Based Defense Technology," October 23, 2025.4. B2Gold Corp., "B2Gold Reports Q1 2026 Results," May 6, 2026; B2Gold and Agnico Eagle collaboration agreement, April 20, 2026.5. Ivanhoe Electric Inc., "Preliminary Feasibility Study for the Santa Cruz Copper Project," June 23, 2025; corporate disclosures.6. Klotho Neurosciences, Inc., Form 8-K and accompanying disclosures regarding the acquisition of Greenland Mines Corp., March 4, 2026; Greenland Mines Ltd. corporate disclosures.7. Greenland Mines Ltd., "Greenland Mines Reports Up To 45% – 55% Increase in Palladium Equivalent (PdEq) Grades at Skaergaard in Sensitivity Study," May 7, 2026.8. Greenland Mines Ltd., admission to the European Raw Materials Alliance announcement, April 22, 2026.CONTACT:
American News Group
info @therooster-2873Cautionary Note Regarding Mineral Resources: Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The sensitivity cases referenced in this article are illustrative of the deposit's leverage to long-term metal price environments rather than economic estimates. No preliminary economic assessment, pre-feasibility study, or feasibility study has been completed on the Skaergaard Project. There is no certainty that any portion of the Mineral Resources will be converted to Mineral Reserves or that the Project will be brought into commercial production.DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. AmericanNewsGroup.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for Greenland Mines Ltd. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Greenland Mines Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ owns shares of Greenland Mines Ltd. which were purchased in the open market, and reserves the right to buy and sell, and will buy and sell shares of Greenland Mines Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by Greenland Mines Ltd.; this is a paid advertisement, and we own shares of Greenland Mines Ltd. that we will sell, and we also reserve the right to buy shares of Greenland Mines Ltd. in the open market or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Logo: https://mma.prnewswire.com/media/2978841/American_News_Group_Logo.jpg   View original content to download multimedia:https://www.prnewswire.com/news-releases/the-5-strategic-projects-quietly-defining-the-next-decade-of-wests-critical-minerals-supply-302771163.htmlSOURCE American News Group Original: The 5 Strategic Projects Quietly Defining the Next Decade of West's Critical Minerals Supply

Ivanhoe Electric to Acquire Robbins Tunnel Boring Machine and Material Handling System for Mine Access Development at the Santa Cruz Copper ProjectMay 11, 2026 7:00 AM
NewsfileState-of-the-Art Mechanized Tunneling Derisks the Project by Providing Proven Mine Access Method through Variable Ground ConditionsDevelopment Includes 9.3 Meter Diameter Steel-reinforced Concrete Tunnel and Conveyor System for Material Handling Application of Made-in-the-USA Mechanical Excavation Technology Enhances Safety and Efficiency Ownership of Crossover TBM Enhances Future Access Options for Nearby Texaco DepositPhoenix, Arizona--(Newsfile Corp. - May 11, 2026) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Ivanhoe Electric intends to acquire a purpose-built, Crossover XRE Tunnel Boring Machine ("Robbins TBM" or "TBM") and material handling system from The Robbins Company ("Robbins"), of Solon, Ohio. Robbins is a U.S.-based, global leader in tunnel boring machines and associated technology. Ivanhoe Electric initially will use the Robbins TBM for decline development at the Santa Cruz Copper Project in Arizona. Robbins recently reacquired the TBM from a division of Anglo American plc ("Anglo"), who originally purchased the machine for use at its Grosvenor coal mine in Queensland, Australia, where it successfully completed two declines totaling 1.8 kilometers in 1,000 hours of total use underground. In late 2025, Ivanhoe Electric identified the opportunity to acquire the Robbins TBM that was on care and maintenance at the Grosvenor coal mine in Queensland, Australia. After a review of the machine's specifications and history and extensive discussions with Robbins, Ivanhoe Electric secured a legally binding option to acquire the TBM from Robbins in March 2026, subject to completion of due diligence and trade-off studies. Robbins entered into a separate binding agreement to acquire the machine from Anglo. Upon completion of due diligence, including two site visits accompanied by representatives from Robbins to inspect the condition of the machine and critical components, Ivanhoe Electric notified Robbins on May 8 of its intent to exercise its option to acquire the Robbins TBM. The final purchase is subject to completion of definitive agreements, which are expected before the end of this month.The acquisition of the TBM also provides Ivanhoe Electric with the tunnel boring technology assets to pursue future expansion opportunities at the Santa Cruz Copper Project, including the nearby Texaco Deposit, located approximately two kilometers to the northeast of the Santa Cruz Deposit. Significant extensions were identified using Ivanhoe Electric's proprietary Typhoon™ surveying technology. Texaco received an initial Mineral Resource Estimate in 2023, with subsequent drilling at the edge of the deposit confirming broad zones of high-grade copper mineralization that remain open. The 2025 Preliminary Feasibility Study ("PFS") outlined an Inferred Resource at Texaco totaling 2.7 million tonnes of contained copper at 0.8% copper, not included in the current mine plan but supporting meaningful future expansion potential on Ivanhoe Electric's 100%-owned private land package in one of America's most established copper mining districts.Mr. Friedland commented: "Tunnel boring machines are state-of-the-art tools custom-built for incredibly safe and efficient development of underground tunnels through all types of ground conditions. Robbins is an American company that pioneered the modern TBM and remains at the forefront of tunneling innovation. TBMs have been deployed globally for more than half a century in mining and countless civil engineering projects. This specific crossover TBM is perfectly suited for accessing our high-grade ore bodies at Santa Cruz and continues the derisking of our mine development with the best tunneling technology America has to offer. Santa Cruz continues its journey to become the next large-scale 99.99% pure copper cathode producer in the United States, delivering the copper that America needs to support industry, technology, and national defense. In addition, owning the TBM gives our engineers the ability to pursue a future phased expansion of the project, including the high-grade Texaco Deposit, a mere two kilometers away." Mr. Melvin commented: "Our team became aware in late 2025 of the potential availability of the Robbins TBM at Grosvenor. Since that time, we have been engaged in extensive due diligence with Robbins while advancing the detailed engineering of our Project. We commend the exhaustive work by our team of engineers over the past few months, in cooperation with Robbins, to arrive at this decision. Acquiring the Robbins Crossover XRE TBM will marry America's best tunnel boring technology to America's next great underground porphyry copper producer."Proven crossover tunnel boring technology ideally suited for Santa Cruz Copper Project mine access developmentThis specific Robbins Crossover XRE TBM is purpose built to operate in variable ground conditions encountered in underground infrastructure development. The Robbins TBM can move through hard rock, wet, and mixed-face ground within a single drive, eliminating cost, schedule, and safety risks associated with machine swaps or re-mobilization. Our extensive testwork indicates these mixed ground conditions are present through the decline development phase at Santa Cruz.The Robbins TBM's earth pressure balance capability pressurizes the cutterhead chamber against prevailing groundwater, directly controlling face stability and mitigating inflow through water-bearing zones and aquifer intersections. A bi-directional cutterhead is utilized for excavation in soft soils, mixed-face and hard rock geology, while a high-torque/high-speed cutterhead drive system delivers the needed power to pass through challenging geology and structures. During decline development, the TBM system installs a continuous, fully supported and sealed segmental steel-reinforced concrete lining, preserving geotechnical integrity, enhancing long-term safety, and producing a permanent, flat-bottomed decline structure suitable for life-of-mine design. The integrated process also includes the construction of a permanent conveyor system for material handling during development and ore handling during production.As part of Ivanhoe Electric's purchase, Robbins will perform a substantial overhaul of the machine, which includes a fully refurbished 9.3-meter diameter cutterhead manufactured in Ohio. During refurbishment, Robbins will upgrade the machine with current technology, including customized features designed for the geological conditions at the Santa Cruz Copper Project. Watch the video here Robbins YouTube Video explaining how the Robbins Crossover XRE TBM works:[Suppressed Sound Link]Cannot view this video? Visit:
https://www.youtube.com/watch?v=yvjiPhMpmAwPhoto 1. Photo of a Robbins Crossover XRE TBMTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3868/296836_53e022f174be2a02_001full.jpgPhoto 2. Photo of a Robbins Crossover XRE TBMTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3868/296836_53e022f174be2a02_002full.jpgBenefits of TBM acquisition to the Santa Cruz Copper Project CapitalThe acquisition cost of the Robbins TBM and material handling system, including refurbishment, is approximately $64.7 million. The TBM replaces capital associated with roadheader decline development, silica gel grouting, and the Railveyor material handling system included in the 2025 PFS, providing further certainty around mine access development costs. The net impact to initial project capital of implementing the TBM system is projected to be less than $20 million. PermittingUnder the new decline development method, Ivanhoe Electric no longer requires a Class V Underground Injection Control ("UIC") permit for silica gel.Ivanhoe Electric received approval of the Site Development Plan from the City of Casa Grande in March 2026 and has all necessary permits to commence initial construction activities. Our Project team continues to advance all other required permitting activities for required for future production.Development timelineArrival and assembly of the TBM is expected to begin onsite in Arizona in the first quarter of 2027. Following assembly, decline development is scheduled to begin in the third quarter of 2027. The TBM is designed to excavate a four-kilometer-long single decline in approximately twelve months. The TBM requires a smaller box cut design, and excavation of the box cut is scheduled to commence in the third quarter of 2026. Underground mine development is scheduled to commence in the third quarter of 2028, with first oxide copper ore placed on the heap leach pads expected in the fourth quarter of 2028. While underground development is ongoing, major surface infrastructure construction is scheduled to take place from the third quarter of 2027 through 2028. First copper cathode production is now anticipated to commence in the second quarter of 2029. Our team of engineers and consultants continue to work on optimization scenarios. We are advancing site preparation activities, including interior road access construction and preparations for commencement of the box cut.The TBM decline development plan does not impact the rest of the Santa Cruz Copper Project design, including the mining method, mining rates, and surface processing as described in the 2025 PFS. 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 to incorporate the engineering details of the TBM and material handling system. We expect to complete this study during the third quarter of 2026.Project financing processIvanhoe Electric is in the advanced stages of the application process for project debt financing with the Export-Import Bank of the United States. We also continue to advance discussions with a group of leading commercial banks, as well as potential sources for non-debt funding. Santa Cruz is a high-quality, advanced-stage U.S. copper project located entirely on private land in Arizona, with direct access to established infrastructure and a clear pathway toward near-term production. Santa Cruz is designed to produce 99.99% pure copper cathode onsite for U.S. markets, without smelting, and remains positioned to become a significant source of refined copper for American industry.Ivanhoe Electric to host conference call on the Santa Cruz Copper ProjectDATE: Monday, May 11, 2026
TIME: 11:00 am Eastern / 8:00 am Pacific
LINK: ivanhoe-electric-may-2026-webcast.open-exchange.net/A replay of the webcast, together with supporting presentation slides, will be made available on Ivanhoe Electric's website at www.ivanhoeelectric.com following the event.Qualified PersonsDisclosures of a scientific or technical nature included in this news release regarding the Santa Cruz Copper Project, have been reviewed, verified, and approved by Glen Kuntz, P.Geo., who is a Qualified Person as defined by Regulation S-K, Subpart 1300 promulgated by the U.S. Securities and Exchange Commission and by Canadian National Instrument 43-101. Mr. Kuntz is an employee of Ivanhoe Electric Inc.For the Texaco Mineral Resource Estimate, refer to the S-K 1300 Preliminary Feasibility & Technical Report Summary, Santa Cruz Copper Project, Arizona, available on the SEC's EDGAR website, and the NI 43-101 Feasibility Study & Technical Report, Santa Cruz Copper Project, Arizona, available on SEDAR+.About RobbinsThe manufacturer of the TBM, The Robbins Company, is a leading global manufacturer of tunnel boring machines with 70 years of engineering experience and over 1,000 projects completed worldwide. Robbins holds close to 90% of all TBM production world records across machine diameters from 3 meters to over 13 meters and holds first-mover status on the industry's most consequential technical advances. Robbin's TBMs have been used in the United States mining industry for projects such as the San Manuel Mine tunnel to extend the life of the mine in Arizona, as well as globally significant projects including the Dulles Airport Train System in Virginia, the Niagara Tunnel Project in Canada, and the Channel Tunnel linking the United Kingdom and France. Website: www.robbinstbm.comAbout Ivanhoe ElectricWe are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by our 94.3% owned subsidiary, Computational Geosciences Inc. ("CGI"), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. We believe the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Our mineral exploration efforts focus on copper as well as other metals including nickel, cobalt, platinum group elements, gold and silver. Through the advancement of our portfolio of critical metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona, we intend to contribute to domestic supply by developing resources that support industrial and strategic sectors. We also operate a 50/50 joint venture with Saudi Arabian Mining Company ("Maaden") to explore for minerals on approximately 50,000 km2 of underexplored Arabian Shield in Saudi Arabia. Finally, in 2024, we established an exploration alliance with BHP Mineral Resources Inc. ("BHP"), a subsidiary of BHP Group Limited, to search for critical minerals in the United States. In 2026, we entered into a Typhoon™ driven Mineral Exploration and Collaboration Agreement with Sociedad Química y Minera de Chile ("SQM") in Chile to explore 2,002 km2 of mining concessions for new copper deposits beneath electrically resistive caliche.Website: www.ivanhoeelectric.comContact InformationMike Patterson
Vice President, Investor Relations and Business Development
Email:

Ivanhoe Electric to Receive $58.4 million Cash Distribution from Cordoba Minerals CorpMarch 13, 2026 7:00 AM
NewsfileCordoba Minerals' Shareholders to Receive Net Proceeds from the Recent Sale of the Alacrán Project in ColombiaPhoenix, Arizona--(Newsfile Corp. - March 13, 2026) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Ivanhoe Electric's 59.6%-owned subsidiary, Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) ("Cordoba") has announced the timing and amount of its cash distribution to Cordoba shareholders.On March 6, 2026, Cordoba announced that it had closed the sale of its remaining 50% interest in the Alacrán Project in Colombia for total cash proceeds of $128 million. Under the terms of the sale, the net cash proceeds remaining after settling all outstanding liabilities and obligations, and retaining $10 million for ongoing corporate purposes, would be distributed to Cordoba shareholders. Cordoba subsequently announced that the final cash amount per share to be distributed would be $1.01 per Cordoba common share to registered Cordoba shareholders as of close of business on March 20, 2026. The cash payment is expected to be made on or about March 25, 2026.Ivanhoe Electric currently owns 57,855,427 common shares of Cordoba which entitles it to an approximate $58.4 million cash payment as part of Cordoba's distribution.Cash distribution from Cordoba will enhance Ivanhoe Electric's already strong liquidity positionAs at December 31, 2025, Ivanhoe Electric had cash and cash equivalents totaling $173.3 million. As of February 17, 2026, Ivanhoe Electric received $82.6 million in proceeds from the exercise of all the outstanding warrants associated with the Company's February 14, 2025, equity financing. The forthcoming $58.4 million distribution from Cordoba will strengthen Ivanhoe Electric's cash position. The Company's liquidity is enhanced further by an undrawn $200 million senior secured multi-draw bridge facility (refer to Ivanhoe Electric's December 15, 2025 news release).About Ivanhoe ElectricWe are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by our 94.3% owned subsidiary, Computational Geosciences Inc. ("CGI"), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. We believe the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Our mineral exploration efforts focus on copper as well as other metals including nickel, cobalt, platinum group elements, gold and silver. Through the advancement of our portfolio of critical metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona, we intend to contribute to domestic supply by developing resources that support industrial and strategic sectors. We also operate a 50/50 joint venture with Saudi Arabian Mining Company ("Maaden") to explore for minerals on approximately 50,000 km2 of underexplored Arabian Shield in Saudi Arabia. Finally, in 2024, we established an exploration alliance with BHP Mineral Resources Inc. ("BHP"), a subsidiary of BHP Group Limited, to search for critical minerals in the United States. In 2026, we entered into a Typhoon™ driven Mineral Exploration and Collaboration Agreement with Sociedad Química y Minera de Chile ("SQM") in Chile to explore 2,002 km2 of mining concessions for new copper deposits beneath electrically resistive caliche.Website: www.ivanhoeelectric.comContact InformationMike Patterson
Vice President, Investor Relations and Business Development
Email:

Ivanhoe Electric Executive Chairman Robert Friedland Joins U.S. President Donald J. Trump at the White House for Minerals Stockpile AnnouncementFebruary 3, 2026 3:10 PM
NewsfilePhoenix, Arizona--(Newsfile Corp. - February 3, 2026) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland joined President Donald J. Trump in the Oval Office for the launch of a $12 billion initiative to build a U.S. strategic minerals stockpile. Ivanhoe Electric is advancing its high-quality Santa Cruz Copper Project in Arizona to produce refined copper cathode in late 2028 for domestic industries. The initiative, known as Project Vault, is set to combine $1.67 billion in private capital with a $10 billion loan from the U.S. Export-Import Bank to procure and store the minerals needed to create supply chain security for U.S. private industry and reduce dependence on China. Project Vault was formally unveiled on February 2, 2026, at a White House Oval Office press conference in Washington, D.C., hosted by President Trump (refer to U.S. Export-Import Bank's February 2, 2026 news release). Representatives from both the mining and manufacturing sectors included Ivanhoe Electric's Founder and Executive Chairman, Robert Friedland, and General Motors Chair and Chief Executive Officer, Mary Barra. Those in attendance included Secretary of Commerce Howard Lutnick, Secretary of the Interior Doug Burgum, Secretary of the Treasury Scott Bessent, David J. Copley, Senior Director at the National Security Council and Special Assistant to the President, and additional senior representatives from both the House and Senate. Also in attendance was John Jovanovic, President and Chairman of the Export-Import Bank of the United States, the United States government's official export credit agency. On April 15, 2025, Ivanhoe Electric received a U.S. Export-Import Bank Letter of Interest for $825 million of project debt to support Santa Cruz Copper Project development (refer to Ivanhoe Electric's April 15, 2025 news release). The full application for funding from U.S. Export-Import Bank is in process and Ivanhoe Electric is closely working with John Jovanovic and his team. Advanced financing discussions for the development of the Santa Cruz Copper Project are ongoing. Ivanhoe Electric President and Chief Executive Officer Taylor Melvin commented:
"It was an honor to have our company represented during today's announcement in the Oval Office of the White House. Project Vault is a major step forward in advancing a resilient, domestic supply of critical minerals for the United States. Ivanhoe Electric is proud to be developing a significant contributor to U.S. copper supply at our modern Santa Cruz Copper Project in Arizona."Watch the video of Ivanhoe Electric's Founder and Executive Chairman during the Project Vault press conference inside the Oval Office at the White House:
https://vimeo.com/1161496663/3e77e212d9Link to the full press conference:
https://www.whitehouse.gov/videos/president-trump-participates-in-signing-time-feb-2-2026/Ivanhoe Electric is working to strengthen U.S. mineral supply chain security through its domestic mining activities while also discovering new sources of critical minerals for U.S. industries at home and abroad. Ivanhoe Electric is developing the Santa Cruz Copper Project as a high-quality, underground mining operation in Casa Grande, Arizona. The Project is designed to produce 99.99% pure copper cathode by late 2028 and over a 23-year mine life, using a 100% heap leach process and reducing the need for offshore smelting and refining. With strong economics, modern mining technologies, and a location in the heart of Arizona, a state known for its prolific mining history and booming technology industry, Santa Cruz is poised to become one of the nation's next major domestic producers of refined copper.About Ivanhoe ElectricWe are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by our 94.3% owned subsidiary, Computational Geosciences Inc. ("CGI"), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. We believe the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Our mineral exploration efforts focus on copper as well as other metals including nickel, cobalt, platinum group elements, gold and silver. Through the advancement of our portfolio of critical metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona we intend to contribute to domestic supply by developing resources that support industrial and strategic sectors. We also operate a 50/50 joint venture with Saudi Arabian Mining Company ("Maaden") to explore for minerals on ~48,500 km2 of underexplored Arabian Shield in Saudi Arabia. Finally, in 2024, we established an exploration alliance with BHP Mineral Resources Inc. ("BHP"), a subsidiary of BHP Group Limited, to search for critical minerals in the United States.Website: www.ivanhoeelectric.comContact InformationMike Patterson
Vice President, Investor Relations and Business Development
Email:

Ivanhoe Electric and SQM Enter into Typhoon(TM) Driven Mineral Exploration and Collaboration Agreement in Chile to Explore for New Copper Deposits Beneath Electrically Resistive CalicheJanuary 27, 2026 12:00 PM
NewsfileIvanhoe Electric to Provide a New Generation Typhoon™ Geophysical Survey System and Computational Geosciences' Advanced Data Inversion SoftwareSQM to Provide Access to Prospective Caliche-covered Mining Concessions on Major Copper Belts in Northern ChileSQM to Fund at Least $9 Million for Exploration During the Collaboration's Initial Three-year TermIvanhoe Electric has the Option to Form a 50/50 Joint Venture with SQM Upon Making a Qualifying Copper DiscoveryPhoenix, Arizona--(Newsfile Corp. - January 27, 2026) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Ivanhoe Electric has executed a definitive Collaboration and Exploration Agreement (the "Collaboration") with Sociedad Química y Minera de Chile ("SQM") (NYSE: SQM) (SSE: SQM-B) (SSE: SQM-A) to explore for copper in northern Chile. SQM is one of Chile's largest and oldest mining companies, with a market capitalization of approximately $24 billion. SQM is a world-leader in the production of lithium, potassium nitrate, and iodine from its mining operations in Chile, with one of the largest portfolios of mining concessions in the country. SQM produces its potassium nitrate and iodine through the exploitation of vast areas of caliche cover in the Atacama Desert. Caliche is a surface deposit of sediments cemented by salts, making it highly electrically resistive and impeding the penetration of low-power geophysical transmitters and their ability to detect underlying sulfide mineralization. Typhoon™ generates a powerful, clean electrical charge that can penetrate the highly resistive caliche cover to detect potential copper deposits at depth.The Collaboration establishes the framework for Ivanhoe Electric and SQM to explore certain of SQM's mining concessions, comprising a total of 2,002 km2. Through a jointly run technical committee, the Collaboration will use Ivanhoe Electric's Typhoon™ geophysical surveying system and Computational Geosciences Inc.'s ("CGI") data inversion software to search for qualifying copper deposits during an initial three-year term. A "Qualifying Copper Deposit" is defined in the Collaboration as any deposit with the potential for at least one million tonnes of contained copper or copper equivalent, as determined by an independent geologist.The Collaboration will be funded by SQM with an initial commitment of $9 million. Upon identifying a Qualifying Copper Deposit, Ivanhoe Electric will have the option to acquire a 50% interest in the deposit and form a 50/50 joint venture with SQM by paying a price equal to twice SQM's exploration expenditures to date. The exercise price will be paid to a new joint venture company and used for further exploration and other related activities. Upon the formation of a joint venture, SQM will contribute the relevant mining concessions and associated exploration data. Thereafter, the joint venture will be funded pro rata by each of Ivanhoe Electric and SQM.Mr. Friedland commented: "We are proud to partner with SQM, one of Chile's great mining champions, to deploy our disruptive Typhoon™ and CGI technologies across northern Chile, one of the world's most prolific copper regions. Vast areas of electrically resistive caliche conceal enormous geological potential beneath the surface. Our Typhoon™ and CGI platform is uniquely capable of seeing through that cover to illuminate what other technologies cannot. Chile has supplied the world with copper for generations, and as demand accelerates, we believe the next wave of world-class copper discoveries will be found hidden beneath these large areas of caliche." Mr. Melvin commented: "SQM's highly prospective mineral concessions and Ivanhoe Electric's powerful exploration technologies are a perfect combination to search for large-scale copper discoveries in Chile. Working with SQM to deploy our Typhoon™ and CGI technologies in one of the world's most important copper-producing regions underscores the confidence in our exploration platform and the capabilities of our team. We are excited to work together with SQM to define our initial exploration programs and begin the systematic search for new copper discoveries in Chile." Pablo Altimiras, SQM's Chief Executive Officer of Iodine & Plant Nutrition Division, said: "This Collaboration with Ivanhoe Electric provides SQM with the technology platform to allow the exploration of caliche-covered mining areas, which by their nature are tough to explore using traditional exploration methods. Our exceptional location for copper deposits, exploration expertise, logistics network, and operational footprint provide the perfect foundation to deploy these advanced geophysical capabilities. We are confident that this synergy will allow us to unlock the immense potential of our mining concessions and accelerate the discovery of the critical minerals essential for the global energy transition." The Ivanhoe Electric and SQM Collaboration will explore for copper deposits through the challenging caliche cover of the Atacama DesertThe Collaboration will use Ivanhoe Electric's Typhoon™ surveying and CGI software technologies to advance exploration on mining concessions largely concealed beneath post-mineral caliche and sedimentary cover. These caliche covered concessions are located on major porphyry copper and polymetallic manto belts in the Atacama Desert and near some of the largest copper mines in the world (Figure 1).Figure 1: SQM mining concessions made available for the Collaboration and known copper deposits.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3868/281746_0ceca0ed84321bb8_002full.jpgNote: Known copper deposits include reserves & resources from the most recent year available. Source: S&P Global Market Intelligence, 2025.Typhoon™ is the brand name for Ivanhoe Electric's proprietary electrical geophysical surveying transmitter. Typhoon™ achieves its results through its unique specifications, which include a current output of up to 200 amps and a voltage output of up to 10,000 volts. The transmitter uses switches and capacitance systems which generate an exceptionally pure and stable transmitted signal, resulting in an extremely high signal-to-noise ratio. Typhoon™ was originally developed by Ivanhoe Electric's former parent I-Pulse Inc. to unlock exploration in areas where potential sulfide mineral deposits are hidden by cover, where target depths exceed the range of conventional geophysical surveying systems, and in environments that have highly resistive surface conditions (such as caliche) (Figure 2).Figure 2. Typhoon™ and Computational Geosciences Inc.'s advantage in mineral exploration.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3868/281746_0ceca0ed84321bb8_003full.jpgKey terms of the CollaborationThe Collaboration and Exploration Agreement signed today includes the following key terms:SQM commits $9 million to fund joint exploration during an initial three-year term.A joint Technical Committee will collaboratively develop work programs and budgets over the Collaboration's 2,002 km2 of available mining concessions.Ivanhoe Electric will operate all mutually approved Typhoon™ surveying across the available mining concessions, with each surveyed area becoming a designated Typhoon™ exploration area. All data inversions will be performed by CGI.SQM will operate mutually approved drill programs within a designated Typhoon™ exploration area, leveraging its local expertise and resources, once drill targets have been identified.If a designated Typhoon™ exploration area demonstrates the potential for more than one million tonnes of copper (or copper equivalent) as determined by an independent geologist, then Ivanhoe Electric has the option to form a 50/50 joint venture over the designated Typhoon™ exploration area.In order to exercise its option, Ivanhoe Electric will be required to pay twice the total exploration expenditures funded by SQM to the date of the option exercise. The option exercise price will be paid to the joint venture to further exploration activities.The Collaboration will be governed by a Management Committee and Technical Committee, composed of an equal number of members from Ivanhoe Electric and SQM.Ivanhoe Electric is not required to provide any funding prior to the formation of a 50/50 joint venture.At the end of the Collaboration, all mining concessions and exploration data not contributed to a new joint venture will remain the property of SQM.If a joint venture is formed, it will be initially governed by a Board of Directors with equal representation from Ivanhoe Electric and SQM. The joint venture will continue exploration activities on the designated Typhoon™ exploration area transferred to the joint venture with the goal of advancing the project through to a development decision and future commercial production.The joint venture will be funded on a pro rata basis, and subject to a customary dilution formula. Both parties have agreed not to transfer their shares in the joint venture before the earlier of a first mineral resource estimate and the fifth anniversary of the establishment of the joint venture company. Each of Ivanhoe Electric and SQM will be entitled to its proportional share of any future production from the project. Following any future development decisions, SQM will also have the option to operate the joint venture provided it holds at least 50% of the equity in the joint venture. SQM is also entitled to appoint the General Manager of the joint venture.Photo 1. SQM and Ivanhoe Electric personnel observing an active Ivanhoe Electric Typhoon™ survey in the United States.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3868/281746_0ceca0ed84321bb8_004full.jpgAbout Ivanhoe ElectricWe are a United States domiciled minerals exploration company with a focus on developing mines from mineral deposits principally located in the United States. We seek to support American supply chain independence by finding and delivering copper and other critical metals vital to advanced manufacturing, infrastructure development, technology, and national security. We use our powerful Typhoon™ geophysical surveying system, together with advanced data analytics provided by our 94.3% owned subsidiary, Computational Geosciences Inc. ("CGI"), to accelerate and de-risk the mineral exploration process as we seek to discover new deposits of critical metals that may otherwise be undetectable by traditional exploration technologies. We believe the United States is significantly underexplored and has the potential to yield major new discoveries of critical metals. Our mineral exploration efforts focus on copper as well as other metals including nickel, cobalt, platinum group elements, gold and silver. Through the advancement of our portfolio of critical metals exploration projects, headlined by the Santa Cruz Copper Project in Arizona we intend to contribute to domestic supply by developing resources that support industrial and strategic sectors. We also operate a 50/50 joint venture with Saudi Arabian Mining Company ("Maaden") to explore for minerals on ~48,500 km2 of underexplored Arabian Shield in Saudi Arabia. In 2024, we established an exploration alliance with BHP Mineral Resources Inc. ("BHP"), a subsidiary of BHP Group Limited, to search for critical minerals in the United States. Website: www.ivanhoeelectric.comAbout SQMSQM is a global company that is listed on the New York Stock Exchange and the Santiago Stock Exchange (NYSE American: SQM) (SSE: SQM-B) (SSE: SQM-A). SQM develops and produces diverse products for several industries essential for human progress, such as health, nutrition, renewable energy and technology through innovation and technological development. SQM aims to maintain its leading world position in the lithium, potassium nitrate, and iodine markets as well as growing into new business opportunities where it can add value, such as the exploration activities that the company will be pursuing alongside with Ivanhoe Electric.Website: www.sqm.comContact InformationMike Patterson
Vice President, Investor Relations and Business Development
Email:

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