Canada Net Change Percentage Gainers & Losers

Final Payment Clears Way for Initial Mine Construction Activities Subject to Receipt of Permits

Phoenix, Arizona--(Newsfile Corp. - November 19, 2025) - Ivanhoe Electric Inc. (NYSE American: IE)  ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Ivanhoe Electric has accelerated and completed the final three land acquisition payments, totaling $39.3 million, at the Santa Cruz Copper Project in Arizona, satisfying all remaining terms of the Purchase and Sale Agreement with Wolff-Harvard Ventures LLC (refer to Ivanhoe Electric's May 11, 2023 news release). The promissory note previously issued, and now repaid, required the full outstanding balance to be paid by Ivanhoe Electric prior to commencement of major mine construction activities.

Mr. Melvin commented: "Accelerating our final land payments is a key step in the development of our Santa Cruz Copper Project. With a strong balance sheet and experienced project team, we are well-positioned to commence initial construction at Santa Cruz in early 2026 subject to receipt of necessary permits. We remain on track to achieve our goal of delivering first copper cathode production by late 2028."

About Ivanhoe Electric

We 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.com

Contact Information

Mike Patterson

Vice President, Investor Relations and Business Development

Email: mike@ivnelectric.com

Phone: 1-480-601-7878

Follow us on X

Ivanhoe Electric's Executive Chairman Robert Friedland: @robert_ivanhoe

Ivanhoe Electric: @ivanhoeelectric

Ivanhoe Electric's investor relations website located at www.ivanhoeelectric.com should be considered Ivanhoe Electric's recognized distribution channel for purposes of the Securities and Exchange Commission's Regulation FD.

Forward-Looking Statements

Certain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable U.S. and Canadian securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Ivanhoe Electric, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict", "target", "project" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect Ivanhoe Electric's current expectations regarding future events, performance and results and speak only as of the date of this news release.

Such statements in this news release include, without limitation, statements regarding: commencement of initial construction at the Santa Cruz Copper Project in early 2026, receipt of permits to commence construction at Santa Cruz Copper Project, and the ability to produce copper cathode by late 2028.

Forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Such statements are subject to significant risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including changes in the prices of copper or other metals Ivanhoe Electric is exploring for; the results of exploration and drilling activities and/or the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations; the final assessment of exploration results and information that is preliminary; the significant risk and hazards associated with any future mining operations, extensive regulation by the U.S. government as well as local governments; changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with Ivanhoe Electric to perform as agreed; and the impact of political, economic and other uncertainties associated with operating in foreign countries, and the impact of the COVID-19 pandemic and the global economy. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk factors described in Ivanhoe Electric's Annual Report on Form 10-K filed and other disclosures with the U.S. Securities and Exchange Commission.

No assurance can be given that such future results will be achieved. Forward-looking statements speak only as of the date of this news release. Ivanhoe Electric cautions you not to place undue reliance on these forward-looking statements. Subject to applicable securities laws, Ivanhoe Electric does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release, and Ivanhoe Electric expressly disclaims any requirement to do so.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275207

 
                              GAINERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
RTG Mining                   RTG     0.035     0.01     16.67       375,145 
MTY Food Group               MTY     38.27     4.54     13.46       574,550 
Trilogy Metals               TMQ      5.58     0.65     13.18       512,096 
Corus Entertainment Cl B   CJR.B     0.045     0.01     12.50        96,308 
Fennec Pharmaceuticals       FRX     12.45     1.30     11.66         1,605 
Verde AgriTech               NPK      0.95     0.09     10.47       196,418 
Conifex Timber               CFF      0.23     0.02      9.52        33,500 
Birchtech                   BCHT      1.16     0.09      8.41        59,606 
Optiva                       OPT     0.195     0.02      8.33        29,566 
Charlotte's Web Holdings    CWEB     0.135     0.01      8.00       102,963 
 
                              LOSERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Appili Therapeutics         APLI      0.02    -0.01    -20.00         4,750 
Northcliff Resources         NCF      0.33    -0.07    -17.50     1,563,151 
Canacol Energy               CNE      1.53    -0.28    -15.47       396,788 
Enthusiast Gaming Hldgs     EGLX     0.055    -0.01    -15.38        75,764 
Golden Minerals             AUMN     0.345    -0.06    -13.75        38,087 
Eastern Platinum             ELR      0.21    -0.03    -12.50       600,330 
BriaCell Therapeutics        BCT     11.40    -1.53    -11.83         3,929 
Avicanna                    AVCN     0.225    -0.03    -11.76       226,857 
Beyond Oil                  BOIL      3.40    -0.44    -11.46       236,467 
Questerre Energy             QEC      0.31    -0.04    -11.43        23,242 
 
 
Only includes stocks with at least 1,000 shares traded today. 
 
Data are delayed at least 15 minutes. 
 
Source: Dow Jones Market Data 
 

By Teresa Rivas

The U.S. government is taking stakes in a number of companies and the market is enamored of the idea. Buying into stocks that might be next on Washington's list could be a good way to see gains.

The Trump Administration has already taken equity stakes via warrants in four publicly traded companies: MP Materials, Intel, Lithium Americas, and Trilogy. Similar deals have been inked with an Alcoa Gallium project in Australia, where the government will receive gallium output in proportion to its capital contribution, and a Cameco/ Brookfield partnership to develop nuclear energy. It also announced a partnership with American Resources's Corporation subsidiary ReElement Technologies, and a private company, Vulcan Elements.

It's a big departure from modern administrations, which have limited government equity stakes mostly to essential services or periods of crisis, notes Evercore ISI's Julian Emanuel. However, the market is looking favorably on the change, assuming that companies on the receiving end will see other government-related benefits, like smoother regulatory and permitting approvals, favorable contracts, and protection from foreign competition.

"The chosen companies may ultimately come to represent America's new 'National Champions'-- a selected set of firms in strategic sectors that are deeply intertwined with the state and receive favorable government support to safeguard and advance national economic and security interests," he writes. "Among the recent deals, perhaps the clearest example of this is Intel, where the government's intervention appears intended to ensure there will continue to be an indigenous leading-edge semiconductor manufacturer amidst fierce foreign competition."

While no two agreements are alike, Emanuel notes there are some common factors. While most deals have focused on critical minerals, that's started to broaden, with semiconductors, nuclear facilities, quantum computing and pharmaceuticals as other areas of interest for the current administration. Defense production is another key factor, and companies that already have relationships with the government through grants or loans may also be more likely to be chosen. With these factors in mind, Evercore screened for potential partners, scoring companies on five factors, in descending order: strategic alignment, geoeconomic and supply chain relevance, policy triggers, market position and scale, and balance sheet strength and operational readiness. Analysts then narrowed the list down to their five most promising candidates.

First is Wolfspeed, a semiconductor company specializing in silicon carbide (SiC) technology. The company controls its entire supply chain from start to finish--one of the few of its peers--meaning it would reduce U.S. dependence on foreign suppliers, and it already had $1.5 billion in CHIPS Act funding.

Next is Amkor Technology, a high-performance chip maker that would bolster the administration's reshoring efforts and alleviate concerns about the supply chain bottleneck in advanced semiconductor packaging, an area currently dominated by companies. It too received support from the CHIPs Act.

Centrus Energy is third. China and Russia dominate the current uranium enrichment supply chain, which creates bottlenecks and geopolitical risks. Centrus can bolster the U.S.'s nuclear energy positioning, as its Piketon, Ohio, facility is the only site with a Nuclear Regulatory Commission producing high-assay low-enriched uranium (HALEU).

Albemarle, a global lithium producer, is fourth on the list, given this mineral's importance to U.S. national security and the economy. It not only has domestic operations but it also has projects in countries like Australia and Chile it is helping to secure diversified lithium sourcing.

Finally Ioneer benefits from executive orders mandating increased domestic production of boron. In particular, the company's Rhyolite Ridge Lithium-Boron Project in Nevada can alleviate U.S. vulnerabilities in those minerals' supply chains, by establishing a major domestic source with innovative low-cost, low-impact extraction methods.

Write to Teresa Rivas at teresa.rivas@barrons.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Elemental Royalty Corporation  (OTCQX: ELEMF) ("Elemental" or "the Company") is pleased to announce that Bronco Creek Exploration Inc. ("BCE"), a wholly owned subsidiary of Elemental has executed four separate option agreements (the "Agreements") with Rocksteady Exploration Inc., an Arizona corporation and subsidiary of Ivanhoe Electric Inc. (NYSE American: IE) ("Ivanhoe Electric") for the Dragon's Tail, Copper King, Sleeping Beauty-Jasper Canyon, and Lomitas Negras projects in Arizona, U.S.A (the "Projects" or individually a "Project") in order to explore for porphyry copper style mineralization.

The Projects are located within the prolific Laramide porphyry copper belt, adjacent to and within key mineral districts in Arizona. The Agreements provide Elemental with execution payments, option payments, and required work commitments on the Projects during the earn-in period. Additionally, upon earn-in for a given Project, Elemental will be granted a 2.5% net smelter return ("NSR") royalty with up to 0.5% buydown rights to Ivanhoe Electric, receive annual pre-production payments as well as certain milestone payments as the Projects advance providing the company with near term cash flow and long-term upside.

BCE acquired the Projects through the staking of open ground after recognizing overlooked opportunities in districts with a history of exploration. BCE's track record of organically generating compelling new targets in historical mining districts underscores the strength of the Company's project generation business model.

Commercial Terms Overview

Under the terms of the Agreements, Ivanhoe Electric can earn 100% interest in the four Projects over an eight-year option period by providing: a) an execution payment totaling US$240,000, b) option payments totaling up to US$2,325,000, and c) cumulative exploration expenditures of up to US$10,800,000 over the eight-year term of the option agreements. Payments and exploration expenditures are made and required on a per-project basis and can be executed on a per-project basis. Ivanhoe Electric may also drop an option at any time without further payment.

Upon option exercise by Ivanhoe Electric, Elemental will retain a 2.5% NSR royalty on each applicable Project; 0.5% of the royalty may be bought back for a total of US$4,000,000 per Project, over two designated tranches. In addition, on a per Project basis, Ivanhoe Electric will make annual pre-production payments and certain Project milestone payments to Elemental upon the announcement of an Initial Resource and upon completion of the earlier of a Pre-Feasibility or Feasibility Study.

David Cole, CEO of Elemental Royalty Corp., commented:"Elemental is excited to see Ivanhoe Electric advance these highly prospective properties. The agreement with Ivanhoe Electric serves to reinforce our belief in the royalty generation model through exploration driven growth, progressing new potential royalties in the Laramide belt in Arizona with a tier-one operator."

Project Overviews

Dragon's Tail: The Project is located approximately 8 kilometers north of the Resolution copper deposit within the Superior-mining district in central Arizona. At Dragon's Tail, the target identified by BCE is a concealed porphyry copper and skarn mineralization within a tilted series of Paleozoic and Proterozoic host rocks beneath post-mineral cover rocks. The current target area comprises coincident geologic, geochemical, and geophysical anomalies. Prospective host rocks outcrop on the western portion of the property and contain veining, alteration assemblages, and geochemical signatures consistent with the distal edge of a porphyry copper system. The observed alteration and mineralization is more strongly developed than that seen in similar host rocks exposed adjacent to the nearby Resolution Deposit. Zonation of these geologic and geochemical features indicate a target down section, to the east within the tilted sequence of host rocks. BCE and a previous partner completed an induced polarization ("IP") geophysical survey over the target area which closely matches the known geology and highlights a chargeable zone within Paleozoic carbonates. The Project is currently permitted for an initial reconnaissance drill test of the current geologic target.

Copper King: The Copper King Project is adjacent to Dragon's Tail and located roughly 5 kilometers from the Resolution copper deposit. Here the target identified by BCE is again a porphyry copper and related skarn mineralization within a tilted sequence of supracrustal host rocks. Surface exposures at Copper King exhibit a broad area of porphyry style alteration including, but not limited to, marbleization and localized calc-silicate alteration with visible copper mineralization (as oxides and sulfides) in carbonate host rocks, quartz-sericite-pyrite (QSP) alteration within siliciclastic host rocks and hydrothermal biotite-chlorite in mafic host rocks along with several porphyry related dikes. As at Dragon's Tail, these expressions of alteration and mineralization are more strongly expressed at Copper King than in exposures within the same stratigraphy observed beyond post-mineral cover rocks at the nearby Resolution Deposit. Initial drilling by previous BCE partners on the Project had intercepted localized high temperature alteration with focused zones of bornite-chalcocite-chalcopyrite mineralization, at depth. This drilling appears to have missed the core of a tilted and mineralized system.

Sleeping Beauty-Jasper Canyon: The combined Sleeping Beauty-Jasper Canyon Project targets multiple fault-displaced zones of mineralization from the Pinto Valley-Copper Cities dismembered porphyry system within the prolific Globe-Miami mining district. Previous workers documented that the mineralization at Copper Cities was truncated and offset by the Sleeping Beauty fault. Movement on the moderately steep fault appears to have down-dropped chalcopyrite rich mineralization from the northern portion of the Copper Cities deposit. Depending upon the timing of displacement, this block may have experienced supergene enrichment before it was down-dropped and preserved during mid-Tertiary extension leading to potential higher grades.

Lomitas Negras: The Lomitas Negras Project is located approximately 20 kilometers southeast of the San Manuel-Kalamazoo porphyry copper deposit and shares many geologic features with the porphyry system that led to the publication of the Porphyry Copper Model by David Lowell. A window of Paleozoic limestone exposed in post-mineral cover rocks exhibits variable brecciation, marbleization, and silicification in local manto-like bodies with base metal mineralization (Cu-Mo-Pb-Zn-Mn-V), potentially related to an undiscovered porphyry copper system that is dismembered and tilted beneath post-mineral cover rocks. Structures that offset the orebody at San Manuel-Kalamazoo can be traced under cover through various geophysical surveys into the Lomitas Negras target area and provide context for the amount of extension and dismemberment that likely affect mineralized fault blocks at the Project. An initial drill test by a past BCE partner, targeting the causative system, intercepted sericite-altered Precambrian granite at depth and provides an additional targeting vector to aid future exploration.

This transaction is an example of the execution of the royalty generation business model in providing turn-key and drill ready exploration projects to partner companies in exchange for royalty interests and pre-production cash flow.

Comments on adjacent or nearby Districts, Mines, and Deposits.

The districts, mines, and deposits discussed in this news release provide context for Elemental's projects, which occur in similar geologic settings, but this is not necessarily indicative that the Company's projects host similar tonnages or grades of mineralization.

David ColeCEO and Director

For more information, please contact:

David Cole

CEO

info@elementalroyalty.com

Tara Vivian-NealInvestor Relations

info@elementalroyalty.com

www.elementalRoyalty.com

| (OTCQX: ELEMF) | ISIN: CA28619K1093 | CUSIP: 28619K109

About Elemental Royalty Corporation.

Elemental Royalty is a new mid-tier, gold-focused streaming and royalty company with a globally diversified portfolio of 16 producing assets and more than 200 royalties, anchored by cornerstone assets and operated by world-class mining partners. Formed through the merger of Elemental Altus and EMX, the Company combines Elemental Altus's track record of accretive royalty acquisitions with EMX's strengths in royalty generation and disciplined growth. This complementary strategy delivers both immediate cash flow and long-term value creation, supported by a best-in-class asset base, diversified production, and sector-leading management expertise.

Elemental Royalty trades on the TSX Venture Exchange under the ticker "ELE", and on the OTQCX Best Market under the ticker symbol "ELEMF".

Neither the TSX-V nor its Regulation Service Provider (as that term is defined in the policies of the TSX-V.) accepts responsibility for the adequacy or accuracy of this press release.

Qualified Person

Michael P. Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

Cautionary note regarding forward-looking statements

This news release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology.

Forward-looking statements and information include, but are not limited to, statements with respect to the date that the name change is expected to become effective, whether shareholders will be required by their broker to exchange their issued certificate for a new certificate or take any other action in connection to the name change, the Company's ability to deliver a materially increased revenue profile with a lower cost of capital, the future growth, development and focus of the Company, and the acquisition of new royalties and streams. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Elemental Royalty to control or predict, that may cause Elemental Royalty' actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: the impact of general business and economic conditions, the absence of control over the mining operations from which Elemental Royalty will receive royalties, risks related to international operations, government relations and environmental regulation, the inherent risks involved in the exploration and development of mineral properties; the uncertainties involved in interpreting exploration data; the potential for delays in exploration or development activities; the geology, grade and continuity of mineral deposits; the impact of the COVID-19 pandemic; the possibility that future exploration, development or mining results will not be consistent with Elemental Royalty' expectations; accidents, equipment breakdowns, title matters, labour disputes or other unanticipated difficulties or interruptions in operations; fluctuating metal prices; unanticipated costs and expenses; uncertainties relating to the availability and costs of financing needed in the future; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations; currency fluctuations; regulatory restrictions, including environmental regulatory restrictions; liability, competition, loss of key employees and other related risks and uncertainties. For a discussion of important factors which could cause actual results to differ from forward-looking statements, refer to the annual information form of Elemental Altus for the year ended December 31, 2024. Elemental Altus undertakes no obligation to update forward-looking statements and information except as required by applicable law. Such forward-looking statements and information represents management's best judgment based on information currently available. No forward-looking statement or information can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274766

Joint Lead Arrangers are National Bank Capital Markets, Societe Generale, and BMO Capital Markets

Bank Credit Facility Will Provide Early Liquidity Support as an Important Component of Overall Project Financing Strategy

Phoenix, Arizona--(Newsfile Corp. - November 13, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) ("Ivanhoe Electric" or the "Company") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Ivanhoe Electric's wholly-owned subsidiary, Mesa Cobre Holding Corporation, has received credit approvals from a syndicate of three international financial institutions for a $200 million senior secured multi-draw bridge facility (the "Bridge Facility"). The Banking Syndicate is composed of National Bank Capital Markets, Societe Generale, and BMO Capital Markets as Joint-Lead Arrangers.

The Bridge Facility will support the development of the Santa Cruz Copper Project by providing enhanced liquidity for early construction activities and working capital requirements. The Bridge Facility is an important component of the overall project financing strategy which includes potential project-level minority investment and long-term project debt. Closing of the Bridge Facility, which is expected in December 2025, remains subject to completion of definitive legal documentation and other customary conditions.

Ivanhoe Electric is engaged in advanced discussions with potential minority interest partners and providers of project debt, including the United States Export Import Bank and commercial banks. Ivanhoe Electric remains well-positioned to deliver on its indicative Santa Cruz Copper Project timeline, which targets first copper cathode production in late 2028.

Mr. Friedland commented: "As we advance toward breaking ground in 2026, Santa Cruz is steadily marching on the path to becoming one of the first new copper mines built in the U.S. in almost two decades. Our mining process is designed to produce 99.99% pure copper metal on the Santa Cruz site, without the need for a smelter, thanks to the very high grade nature of our oxide copper reserves. Santa Cruz is the first step in our vision to grow a new American-based and American-focused critical metals company. Today's credit approvals, coming from this group of top-tier mining financiers, are a clear vote of confidence in the project, our people, and this vision."

Mr. Melvin commented: "The receipt of credit approvals for a $200 million facility for our Santa Cruz Copper Project, led by financial institutions who are established leaders in global mining finance, is an extraordinary endorsement of the quality of our project and our team. The bank group conducted extensive technical due diligence as part of their credit approval process, and we are grateful for their support for our Company and the Santa Cruz Copper Project. Upon closing of the Bridge Facility, we will have added over $360 million in liquidity this quarter. Ivanhoe Electric is in an exceptionally strong financial position as we enter a critical development year in 2026 for our Santa Cruz Copper Project. Santa Cruz is projected to employ about 1,000 highly skilled workers during the construction phase and produce approximately 3 billion pounds of pure copper metal over its initial 23-year mine life. Ivanhoe Electric is poised to become the newest producer of copper metal in the United States, delivering copper directly to U.S. consumers and enhancing our nation's supply chain security."

Summary of Key Terms for Secured Bridge Facility

The Bridge Facility will have a two-year maturity and will be priced at the three-month Secured Overnight Financing Rate published by the Federal Reserve Bank of New York, plus a margin of 5.0%, increasing by 0.5% on each of the 6th, 12th, and 18th month following the closing date. As at the date of this news release, the rate with margin on drawn amounts would be approximately 8.8%.

The Bridge Facility will also include a customary arrangement fee and commitment fee on undrawn amounts and will include customary covenants and conditions to draw. The Bridge Facility will be secured by Ivanhoe Electric's private land holdings and other physical assets at the Santa Cruz Copper Project.

Bridge Loan a Key Component of Advanced Project Financing Process

Ivanhoe Electric has been engaged in detailed discussions on long-term project financing since the completion of the Santa Cruz Copper Project Preliminary Feasibility Study in June 2025. Financing alternatives include project-level minority investments by strategic and/or financial investors, project debt, and other potential sources.

On April 15, 2025, Ivanhoe Electric also received a U.S. Export-Import Bank ("EXIM") Letter of Interest for $825 million of project debt (refer to Ivanhoe Electric's April 15, 2025 news release). The full application for funding from EXIM is in process. Ivanhoe Electric is targeting completion of the project financing process in the first half of 2026.

About Ivanhoe Electric

We 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: ivanhoeelectric.com

Contact Information

Mike Patterson

Vice President, Investor Relations and Business Development

Email: mike@ivnelectric.com

Phone: 1-480-601-7878

Follow us on X

Ivanhoe Electric's Executive Chairman Robert Friedland: @robert_ivanhoe

Ivanhoe Electric: @ivanhoeelectric

Ivanhoe Electric's investor relations website located at www.ivanhoeelectric.com should be considered Ivanhoe Electric's recognized distribution channel for purposes of the Securities and Exchange Commission's Regulation FD.

Forward-Looking Statements

Certain statements in this news release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable U.S. and Canadian securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Ivanhoe Electric, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict", "target", "project" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect Ivanhoe Electric's current expectations regarding future events, performance and results and speak only as of the date of this news release.

Such statements in this news release include, without limitation: execution of definitive documentation on the terms currently contemplated for the Bridge Facility; satisfaction of closing conditions and the closing of the Bridge Facility in December 2025; satisfaction of drawdown requirements for draw of funds; the obtaining of any other financing for the Santa Cruz Copper Project including from strategic and/or financial investors, project debt, and asset-level minority interest partners; completion of the project financing process in the first half of 2026; the number of individuals employed during the construction phase of the Santa Cruz Copper Project; and the production of copper cathode from the Santa Cruz Copper Project in late 2028 with a total production of approximately 3 billion pounds of pure copper metal over the anticipated life of mine.

Forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Such statements are subject to significant risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors, including changes in the prices of copper or other metals Ivanhoe Electric is exploring for; the results of exploration and drilling activities and/or the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations; the final assessment of exploration results and information that is preliminary; the significant risk and hazards associated with any future mining operations, extensive regulation by the U.S. government as well as local governments; changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with Ivanhoe Electric to perform as agreed; and the impact of political, economic and other uncertainties associated with operating in foreign countries, and the impact of the COVID-19 pandemic and the global economy. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risk factors described in Ivanhoe Electric's Annual Report on Form 10-K filed and other disclosures with the U.S. Securities and Exchange Commission.

No assurance can be given that such future results will be achieved. Forward-looking statements speak only as of the date of this news release. Ivanhoe Electric cautions you not to place undue reliance on these forward-looking statements. Subject to applicable securities laws, Ivanhoe Electric does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release, and Ivanhoe Electric expressly disclaims any requirement to do so.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274276

Net loss narrowed significantly year-over-year due to lower exploration and administrative costs, while major project milestones were achieved, including the Santa Cruz PFS and a large public offering. The company remains well-capitalized for near-term plans but faces key execution and regulatory risks.

Original document: Ivanhoe Electric Inc. [IE] SEC 10-Q Quarterly Report — Nov. 5 2025