Ivanhoe Electric Closes $200 Million Bank Credit Facility to Support Santa Cruz Copper Project Development

Ratings actions from Baystreet: http://www.baystreet.ca

(16:42 GMT) Ivanhoe Electric Inc. Is Maintained at Outperform by National Bank

Ratings actions from Baystreet: http://www.baystreet.ca

 
                              GAINERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Bengal Energy                BNG     0.015     0.01     50.00        80,674 
Verde AgriTech               NPK      1.37     0.30     28.04       479,203 
BriaCell Therapeutics        BCT     17.63     3.79     27.38         9,671 
Coppernico Metals           COPR      0.29     0.05     20.83       496,722 
Avant Brands                AVNT      0.82     0.12     17.14        50,128 
Osisko Metals                 OM      0.56     0.08     16.67     2,673,649 
Corus Entertainment Cl B   CJR.B      0.04     0.01     14.29        55,747 
Alta Copper                 ATCU      1.06     0.13     13.98       186,284 
Ivanhoe Electric              IE     20.57     2.33     12.77        35,720 
Profound Medical             PRN      9.61     1.06     12.40        40,371 
 
                              LOSERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Prairie Provident Rscs       PPR      0.02    -0.01    -20.00         4,652 
Conifex Timber               CFF      0.12    -0.02    -14.29       690,004 
RTG Mining                   RTG      0.03    -0.01    -14.29        45,458 
Star Diamond                DIAM     0.035    -0.01    -12.50        73,396 
Transat A.T.                 TRZ      2.45    -0.35    -12.50       353,437 
Enthusiast Gaming Hldgs     EGLX      0.05    -0.01     -9.09        19,858 
Eloro Resources              ELO      1.71    -0.16     -8.56       377,761 
Tilray Brands               TLRY      9.86    -0.92     -8.53       803,760 
Mountain Province Diamond   MPVD     0.055    -0.01     -8.33       145,749 
Yorbeau Resources Cl A       YRB      0.06    -0.01     -7.69         3,182 
 
 
Only includes stocks with at least 1,000 shares traded today. 
 
Data are delayed at least 15 minutes. 
 
Source: Dow Jones Market Data 
 

 
                              GAINERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Bengal Energy                BNG     0.015     0.01     50.00        80,674 
BriaCell Therapeutics        BCT     16.25     2.41     17.41         4,442 
Verde AgriTech               NPK      1.25     0.18     16.82       232,729 
Coppernico Metals           COPR     0.275     0.04     14.58       374,476 
Osisko Metals                 OM      0.55     0.07     14.58     1,549,197 
Ivanhoe Electric              IE     20.44     2.20     12.06        19,122 
Alta Copper                 ATCU      1.02     0.09      9.68       153,659 
Propel Holdings              PRL     27.33     2.38      9.54       404,772 
Eastern Platinum             ELR      0.29     0.03      9.43        48,072 
Avant Brands                AVNT      0.76     0.06      8.57         3,516 
 
                              LOSERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Star Diamond                DIAM     0.035    -0.01    -12.50        30,396 
Transat A.T.                 TRZ      2.52    -0.28    -10.00       219,758 
Enthusiast Gaming Hldgs     EGLX      0.05    -0.01     -9.09        19,858 
Avalon Advanced Materials    AVL     0.055    -0.01     -8.33        99,767 
Mountain Province Diamond   MPVD     0.055    -0.01     -8.33        92,749 
Medipharm Labs              LABS      0.06    -0.01     -7.69         9,384 
Neo Performance Materials    NEO     16.36    -1.13     -6.46       100,443 
Eloro Resources              ELO      1.75    -0.12     -6.42       301,266 
Tilray Brands               TLRY     10.12    -0.66     -6.12       254,332 
TVA Group Cl B NV          TVA.B      0.47    -0.03     -6.00         1,500 
 
 
Only includes stocks with at least 1,000 shares traded today. 
 
Data are delayed at least 15 minutes. 
 
Source: Dow Jones Market Data 
 

 
                              GAINERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Golden Minerals             AUMN      0.56     0.12     25.84        89,495 
Eastern Platinum             ELR     0.295     0.05     20.41       510,760 
Eloro Resources              ELO      1.89     0.30     18.87       773,950 
First Mining Gold             FF     0.415     0.06     15.28     9,178,725 
Starcore Intl Mines          SAM      0.71     0.09     14.52       667,722 
Highlander Silver           HSLV      4.15     0.50     13.70       164,397 
FLINT                       FLNT      1.38     0.16     13.11         3,078 
Ivanhoe Electric              IE     20.33     2.33     12.94        30,464 
Andean Precious Metals       APM      8.64     0.98     12.79       293,507 
Endeavour Silver             EDR     13.74     1.55     12.72     1,503,329 
 
                              LOSERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Corus Entertainment Cl B   CJR.B     0.035    -0.01    -22.22       212,363 
Mountain Province Diamond   MPVD     0.075    -0.02    -16.67       981,690 
Else Nutrition Holdings     BABY      0.18    -0.03    -14.29       127,870 
Charlotte's Web Holdings    CWEB      0.13    -0.02    -13.33        51,893 
NXT Energy Solutions         SFD       0.3    -0.04    -11.76        18,078 
Tilray Brands               TLRY      1.15    -0.14    -10.85     6,498,660 
Crown Capital Partners      CRWN      0.54    -0.06    -10.00         2,500 
Century Gl Commodities       CNT      0.05    -0.01     -9.09        12,400 
East Side Games Group       EAGR     0.355    -0.04     -8.97       151,010 
COSCIENS Biopharma          CSCI      3.01    -0.28     -8.51         3,704 
 
 
Only includes stocks with at least 1,000 shares traded today. 
 
Data are delayed at least 15 minutes. 
 
Source: Dow Jones Market Data 
 

 
                              GAINERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Dye & Durham                 DND      3.28     0.57     21.03       938,586 
Caldwell Partners Intl       CWL      0.78     0.11     16.42        35,205 
TerrAscend                  TSND      0.62     0.07     12.73        19,072 
Corus Entertainment Cl B   CJR.B     0.045     0.01     12.50        85,272 
Enthusiast Gaming Hldgs     EGLX      0.06     0.01      9.09        52,480 
Baylin Technologies          BYL       0.3     0.03      9.09        57,430 
Trilogy Metals               TMQ      6.11     0.39      6.82       263,427 
Eastern Platinum             ELR     0.235     0.02      6.82        32,500 
TFI International           TFII    121.15     7.31      6.42       105,261 
Akita Drilling Cl A        AKT.A      1.86     0.11      6.29        22,312 
 
                              LOSERS 
 
COMPANY                   SYMBOL      LAST   CHANGE   PERCENT        VOLUME 
-------                   ------      ----   ------   -------        ------ 
Global Educ Communities      GEC      0.26    -0.08    -23.53         2,470 
Vertiqal Studios            VRTS      0.02    -0.01    -20.00       200,150 
Star Diamond                DIAM      0.03    -0.01    -14.29     1,518,020 
Greenlane Renewables         GRN      0.18    -0.03    -14.29       433,790 
Northcliff Resources         NCF     0.315    -0.03     -8.70       673,169 
Medipharm Labs              LABS     0.065    -0.01     -7.14       111,264 
Lithium Argentina            LAR      6.82    -0.51     -6.96       242,628 
Avicanna                    AVCN     0.235    -0.02     -6.00       122,701 
Tidewater Midstream          TWM      4.70    -0.30     -6.00        14,305 
Ivanhoe Electric              IE     15.99    -1.02     -6.00         7,780 
 
 
Only includes stocks with at least 1,000 shares traded today. 
 
Data are delayed at least 15 minutes. 
 
Source: Dow Jones Market Data 
 

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

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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