Ivanhoe Electric Inc. · AMEX:IE
Ivanhoe Electric — Investor Presentation (June 2026)
27 slides from Ivanhoe Electric's investor presentation, June 2026
Slide 1: American Copper for a Stronger Future
ivanhoeelectric.com NYSE American / TSX: IE CORPORATE PRESENTATION JUNE 2026 AMERICAN COPPER FOR A STRONGER FUTURE
Slide 2: Safe Harbor
SAFE HARBOR Forward-Looking Statements 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 Certain statements in this presentation constitute “forwar
Slide 3: Scientific and Technical Information
SCIENTIFIC AND TECHNICAL INFORMATION The Preliminary Feasibility Study (Study), entitled “S-K 1300 Preliminary Feasibility & Technical Report Summary, Santa Cruz Copper Project, Arizona,” is dated June 23, 2025, and was prepared in accordance with Subpart 1300 and Item 601 of Regulation S-K. The Stu
Slide 4: Corporate Overview
CORPORATE OVERVIEW Premier U.S.-based Exploration & Development Company Focused on Critical Minerals Advanced-Stage Technology- Exploration Dynamic Experienced Strong Balance Santa Cruz Driven Partnerships with Portfolio of Leadership with Sheet & Liquidity Copper Project in Exploration Leading Glob
Slide 5: Company Overview
COMPANY OVERVIEW PUBLIC MARKET OVERVIEW Significant Institutional and Insider Ownership Primary U.S. Listing: NYSE AMERICAN (“IE”) BlackRock 8.7% Shares Outstanding: 158 MILLION T. Rowe 7.6% Market Capitalization at June 16: $1.8 BILLION Other 34.5% Maaden 7.5% Cash and Equivalents at March 31: $290
Slide 6: Technology-Driven Exploration and Development
TECHNOLOGY-DRIVEN EXPLORATION AND DEVELOPMENT SANTA CRUZ COPPER PROJECT Advanced, High-Grade Copper Project on Private Land in Arizona Low Projected Capital Intensity and Operating Costs SANTA CRUZ Advanced Development Timetable COPPER PROJECT DISRUPTIVE TECHNOLOGIES Typhoon Geophysical Surveying Sy
Slide 7: Strong Foundation for Value Creation
STRONG FOUNDATION FOR VALUE CREATION 1 SANTA CRUZ COPPER PROJECT High-Grade, Advanced U.S. 2 SANTA CRUZ COPPER RESOURCES Existing Mineral Resources 3 DISRUPTIVE TECHNOLOGIES Typhoon and CGI Software 4 MINERAL EXPLORATION U.S. Exploration Assets and Copper Project Designed to Unlocking New Opportunit
Slide 8: Santa Cruz Copper Project
SANTA CRUZ COPPER PROJECT 8
Slide 9: Santa Cruz Copper Project Highlights
SANTA CRUZ COPPER PROJECT HIGHLIGHTS High-grade Advanced Copper Project on Private Land in Arizona Modern Underground Mining Operation with a Heap-leach Process Designed to Produce 99.99% Pure Copper Cathode – No Smelting Located in the Heart of Arizona’s Industrial Corridor with Excellent Access to
Slide 10: 2025 Preliminary Feasibility Study Highlights
2025 PRELIMINARY FEASIBILITY STUDY HIGHLIGHTS Low Initial Capital and Operating Costs Summary Economics at $4.25/pound Copper Modern Underground Mine @ ~20,000 $1.24B $1.4B $240M INITIAL CAPITAL AFTER-TAX NPV8% AFTER-TAX NPV PER Tonnes per Day EXPENDITURES $0.25/LB CHANGE IN Cu On-off Heap Leach Pro
Slide 11: Ideal Location on Private Land
IDEAL LOCATION ON PRIVATE LAND 5,975 acres Owned by Ivanhoe Electric with Associated Mineral and Water Rights Located between Phoenix and Tucson at the Center of Arizona’s Rapidly Growing Industrial Corridor Access to Existing Infrastructure – Rail, Electricity, Interstate and State Highways, Natura
Slide 12: Robbins XRE Crossover Tunnel Boring Machine
ROBBINS XRE CROSSOVER TUNNEL BORING MACHINE The Robbins Company is a US-based Leader in Tunnel Boring Industry ~ 70 Years of Innovation and Experience with Over 1,000 Projects Completed Globally Crossover TBM Has Specialized Cutterhead and Advanced Drive System Transitions Between Mixed-face, Wet an
Slide 13: Advantages of Tunnel Boring Machine at Santa Cruz
ADVANTAGES OF TUNNEL BORING MACHINE AT SANTA CRUZ Replaces Previous Design Utilizing Road Headers, Silica Gel Grouting, and Railveyor Creates Single Decline ~4 Kilometers in Length and 9.3 Meters in Diameter Enhances Long-term Safety by Installing Steel-reinforced Concrete Lining Requires Smaller Bo
Slide 14: Updated Indicative Development Plan
UPDATED INDICATIVE DEVELOPMENT PLAN Ivanhoe Electric Has All Permits Required for Initial Construction Activities Permitting for Operations/Production Groundwater Quality Air Quality Land Use & Reclamation Mine Access and Underground Development Box Cut Decline Development Establish Ventilation Surf
Slide 15: Significant Organic Expansion Potential Beyond Current Mine Plan
SIGNIFICANT ORGANIC EXPANSION POTENTIAL BEYOND CURRENT MINE PLAN Probable Reserves Support Texaco Current Mine Plan Indicated and Inferred Resources Highlight East Ridge Additional Expansion Potential Classification Contained Copper Grade (All Deposits) Copper (%) (Million Tonnes) Probable 1.5 1.1 R
Slide 16: Project Financing Overview
PROJECT FINANCING OVERVIEW Strong Balance Sheet and Liquidity to Fund Initial Project Activities Advanced Project Financing Process U.S. Export-Import Bank Letter of Interest for $825 Million Received in April 2025 • Advancing through full application process Strong Interest from Commercial Banks •
Slide 17: Disruptive Technologies
DISRUPTIVE TECHNOLOGIES 20
Slide 18: Powerful Technology-Driven Exploration Platform
POWERFUL TECHNOLOGY-DRIVEN EXPLORATION PLATFORM TyphoonTM TYPHOON GEOPHYSICAL SURVEY COMPUTATIONAL GEOSCIENCES INC. TECHNOLOGY DATA INVERSION SOFTWARE High power and clean signal enables larger and Industry-leading algorithms for 3D subsurface deeper surveys modeling, and optimized inversions for Ty
Slide 19: Vanadium Redox Flow Batteries
VANADIUM REDOX FLOW BATTERIES VRB Energy, 90%-owned Subsidiary of Ivanhoe Electric VRB USA is 100%-owned by VRB Energy Intellectual Property Owned by Ivanhoe Electric and VRB Energy Proven Large-scale Vanadium Flow Battery Cell Stacks and Power Modules Suitable for Use in Utility Grids and Industria
Slide 20: Mineral Exploration
MINERAL EXPLORATION 23
Slide 21: Global Project Portfolio
GLOBAL PROJECT PORTFOLIO Technology-driven exploration platform powered by Typhoon and CGI Actively advancing opportunities across key regions USA SAUDI ARABIA CHILE US A SANTA CRUZ COPPER PROJECT, AZ Global Exploration Partnerships with Leading Mining Companies BHP, Maaden and SQM Enhance Global Op
Slide 22: Maaden Joint Venture
MAADEN JOINT VENTURE 50/50 Joint Venture With Exclusive Access to Explore ~50,000 km2 of the Arabian Shield in Saudi Arabia ~1,570 km2 of Typhoon Surveys Completed With Three Typhoon Systems Now Operating Maaden Has Added New Licenses to the Joint Venture in 2025, and New Licenses Are Being Granted
Slide 23: BHP Exploration Alliance
BHP EXPLORATION ALLIANCE BHP Committed $15 Million to Fund Alliance Exploration Activities Alliance Focused Initially on Six Areas of Interest in the Southwestern U.S. Alliance Has Access to a New Generation Typhoon System and Computational Geosciences Inc. Inversion Software Ivanhoe Electric is the
Slide 24: SQM Exploration and Collaboration
SQM EXPLORATION AND COLLABORATION Typhoon Driven Collaboration in Chile to Explore for Copper Deposits Beneath Electrically Resistive Caliche SQM to Fund at Least $9 Million for Exploration During the Collaboration’s Initial Three-Year Term Ivanhoe Electric Provides New Generation Typhoon Geophysica
Slide 25: U.S. Portfolio – Hog Heaven Project
U.S. PORTFOLIO – HOG HEAVEN PROJECT Located on Private Land 50 Miles Southwest of Kalispell, Montana Discovery of the Battle Butte Porphyry Copper System Step-out Drilling near Flathead Mine Returned Significant Epithermal Intercepts, Demonstrating Potential to Expand Near-Surface Mineralization • H
Slide 26: Corporate Overview
CORPORATE OVERVIEW Premier U.S.-based Exploration & Development Company Focused on Critical Minerals Advanced-Stage Technology- Exploration Dynamic Experienced Strong Balance Santa Cruz Driven Partnerships with Portfolio of Leadership with Sheet & Liquidity Copper Project in Exploration Leading Glob
Slide 27: ivanhoeelectric.com
ivanhoeelectric.com ivanhoeelectric.com NYSE NYSE American American / TSX: / TSX: IE IE