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Ivanhoe Electric Inc.

TSX:IELive AI agent

Ivanhoe Electric is a technology-driven minerals exploration and development company based in the United States, focusing on copper and other critical metals essential for electric transmission, generation, manufacturing, and national security.

Investor website: https://ivanhoeelectric.com/

About

Ivanhoe Electric is a technology-driven minerals exploration and development company based in the United States, focusing on copper and other critical metals essential for electric transmission, generation, manufacturing, and national security. The company operates wholly owned assets in the U.S. and has exploration joint ventures in Saudi Arabia and Chile. Utilizing the Typhoon™ geophysical surveying system and advanced data analytics from its subsidiary, Computational Geosciences Inc., Ivanhoe Electric aims to accelerate and de-risk the mineral exploration process. The company is committed to responsible project development and strong community relationships.

Verified company data

Cash position
not available
Shares outstanding
158.0M
Fully diluted shares
not available
Mineral resource
The Mineral Resources in this estimate were independently prepared by Nordmin Engineering Ltd and the Mineral Resources were prepared in accordance with the definitions for Mineral Resources in S-K 1300 and with NI 43-101 and with the CIM Definition Standards for Mineral Resources and Mineral Reserves (2014) and the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2019). Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. No environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues are known that may affect this estimate of Mineral Resources. Verification included multiple site visits to inspect drilling, logging, density measurement procedures and sampling procedures, and a review of the control sample results used to assess laboratory assay quality. In addition, a random selection of the drill hole database results was compared with original records. The Mineral Resources in this estimate for the Santa Cruz Deposit used Datamine Studio RMTM software to create the block models. The Mineral Resources have an effective date of December 8, 2021. Underground Mineral Resources are reported at a CoG of 0.39% Total Cu, which is based upon a Cu price of US$3.70/lb and a Cu recovery factor of 80%. Specific gravity was applied using weighted averages by lithology. All figures are rounded to reflect the relative accuracy of the estimates, and totals may not add correctly. Excludes unclassified mineralization located along edges of the Santa Cruz deposit where drill density is poor. Report from within a mineralization envelope accounting for mineral continuity. Acid soluble Cu and cyanide soluble Cu are not reported for the Primary Domain. Mineral Resources were classified into Indicated and Inferred categories based on geological and grade continuity, in conjunction with data quality, spatial continuity based on variography, estimation pass, data density, and block model representativeness, specifically assay spacing and abundance, kriging variance, and search volume block estimation assignment. The Mineral Resource Estimate has been defined based on an applied percentage (%) CuT CoG to reflect processing methodology and assumed revenue stream from Cu. The Mineral Resource Estimate is based on an underground bulk mining methodology and surface float and leach process to recover cathode Cu or a mixture of cathode Cu and Cu saleable concentrates.
Projects
["Santa Cruz Project: Santa Cruz is the second-largest undeveloped copper deposit in the Lower 48 States, the largest leachable deposit and the largest on private land. An 85,000-meter program of resource in-fill, geotechnical, hydrological and metallurgical drilling is well underway on the Santa Cruz deposit with seven drill rigs currently active. A proprietary Typhoon™ geophysical survey has been completed to identify deposit extensions and new zones of mineralization. The project covers 78 km2 (19,300 acres), including 28 km2 (6,900 acres) of private land, 31 km2 (7,700 acres) of Arizona State Mineral Exploration permits, and 238 unpatented claims over 19 km2. The mineralization at the Santa Cruz deposit can be divided into three main domains: supergene oxide, supergene sulfide, and hypogene sulfide. The Texaco copper discovery is the second-largest body of mineralization known at the Santa Cruz Project, located 3.5 km northeast of the Santa Cruz deposit. The Park Salyer copper discovery is located 2.5 km southwest of the past-producing Sacaton copper mine. Ivanhoe Electric's vision is for a green, low-impact, underground mine powered by solar energy."]
Leadership
Taylor Melvin (President, Chief Executive Officer and Director, Taylor Melvin has served as our Chief Executive Officer, President and member of our Board of Directors since November 2022. Mr. Melvin has over twenty years of experience in the natural resources sector as a senior corporate development professional and investment banker. Prior to joining Ivanhoe Electric, Mr. Melvin served as Vice President, Corporate Development for Freeport-McMoRan Inc. from June 2018 to March 2022.), Jordan Neeser (Chief Financial Officer, Mr. Neeser has served as our Chief Financial Officer since November 21, 2022. He is a finance executive with over twenty years of experience in financial reporting, corporate development, and corporate finance, primarily in the mining sector.), Quentin Markin (Executive Vice President, Business Development and Strategy Execution, Mr. Markin has served as our Executive Vice President, Business Development and Strategy Execution since January 1, 2023. He is a seasoned mining lawyer with over twenty-four years of experience, all with the Canadian firm Stikeman Elliott LLP.), Glen Kuntz (Senior Vice President, Mine Development, Mr. Kuntz has served as our Senior Vice President, Mine Development since November 21, 2022, and prior to that was our Chief Technical and Innovation Officer since January 2022.), Alex Neufeld (Senior Vice President, Exploration, Mr. Neufeld has over 18 years of experience in global mineral exploration across various commodities and deposit types.), Mike Patterson (Vice President, Investor Relations and Business Development, Mr. Patterson is a seasoned professional with a technical background in mining engineering and operations and extensive financial experience in the natural resources sector.), Catherine Barone (Vice President, Finance, Ms. Barone has over 25 years of finance experience in the mining industry.), Cassandra Joseph (General Counsel and Corporate Secretary, Ms. Joseph has served as our General Counsel and Corporate Secretary since February 1, 2023. She is an accomplished U.S. mining industry legal executive with over twenty years of experience in corporate, environmental, and intellectual property law.), Vy Manthripragada (Vice President of Commercial Operations, Vy Manthripragada has served as Vice President of Commercial Operations at Ivanhoe Electric since 2026. She brings over 15 years of experience in infrastructure project development, finance, commercial strategy and deal execution.), Amanda Miller (Vice President, Corporate Communications, Amanda Miller joined Ivanhoe Electric in 2026 as the Vice President of Corporate Communications. She is a strategic communications professional with more than 25 years of progressive leadership experience in communications, marketing and branding.), Lee Sampson (Vice President, Geophysics, Mr. Sampson is a geophysicist with over 28 years of copper and gold exploration experience spanning the Americas, Australia-Pacific, Africa and the Middle East.), Lara Sims (Vice President, Health and Safety, Ms. Sims is an experienced leader with over 20 years in the mining industry developing and managing Health and Safety strategies.), Stephani Terhorst (Vice President, Human Resources, Ms. Terhorst has served as our Vice President Human Resources since March 2023. She is an accomplished human resources and employee benefits professional with over twenty-five years of human resources experience.

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