Ivanhoe Electric Inc. · AMEX:IE
Ivanhoe Electric — Investor Presentation (April 2026)
28 slides from Ivanhoe Electric's investor presentation, April 2026
Slide 1: American Copper for a Stronger Future
ivanhoeelectric.com NYSE American / TSX: IE CORPORATE PRESENTATION APRIL 2026 AMERICAN COPPER FOR A STRONGER FUTURE
Slide 2: Safe Harbor
SAFE HARBOR Forward-Looking Statements exploration partnerships; the potential for new opportunities for Typhoon and CGI; and planned or potential developments in the businesses of Ivanhoe Electric. Certain statements in this presentation constitute “forward-looking statements” or “forward-looking i
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: Experienced Leadership Team
EXPERIENCED LEADERSHIP TEAM ROBERT TAYLOR FRIEDLAND MELVIN Founder and President and Chief Executive Chairman Executive Officer QUENTIN MARKIN CASSANDRA MIKE JORDAN GRAHAM LEE LARA EVP, Business JOSEPH GLEN KUNTZ PATTERSON Development and NEESER General Counsel and SVP, Mine Development BOYD SAMPSON
Slide 6: Company Overview
COMPANY OVERVIEW PUBLIC MARKET OVERVIEW Significant Institutional and Insider Ownership Primary U.S. Listing: NYSE AMERICAN (“IE”) Blackrock (All) Pro Forma Shares Outstanding1: 157 MILLION 8.8% T. Rowe Market Capitalization at April 1: $1.9 BILLION 8.0% Other Maaden Pro Forma Cash and Equivalents2:
Slide 7: 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 COPPER PROJECT Advanced Development Timetable DISRUPTIVE TECHNOLOGIES Typhoon Geophysical Surveying Sy
Slide 8: Strong Foundation for Future Growth
STRONG FOUNDATION FOR FUTURE GROWTH 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 Opportuniti
Slide 9: Santa Cruz Copper Project
SANTA CRUZ COPPER PROJECT 9
Slide 10: Santa Cruz Copper Project Highlights
SANTA CRUZ COPPER PROJECT HIGHLIGHTS High-quality, 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 Excel
Slide 11: Preliminary Feasibility Study Highlights
PRELIMINARY FEASIBILITY STUDY HIGHLIGHTS ~$100 Million Study Completed in 20251 Summary Economics at $4.25/pound Copper Low Initial Capital and Operating Costs $1.24B $1.4B $240M INITIAL CAPITAL AFTER-TAX NPV8% AFTER-TAX NPV PER EXPENDITURES $0.25/LB CHANGE IN Cu Accelerated Timetable Targeting Firs
Slide 12: 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 13: Conventional Mine Design Supported by High Grade Reserves
CONVENTIONAL MINE DESIGN SUPPORTED BY HIGH GRADE RESERVES Mineral Reserves: ~1.5 million tonnes contained copper at average grade of 1.08% Cu Updated Mineral Resource Estimate (contained Cu): • Indicated1: ~3.1 million tonnes @ 0.95% Cu • Inferred: ~3.3 million tonnes @ 0.79% Cu Accessed by conventi
Slide 14: Organic Expansion Potential
ORGANIC EXPANSION POTENTIAL Significant expansion potential through large existing Mineral Resources beyond the current mine plan East Ridge Texaco • 1.5 million tonnes of copper in Indicated Resources1 Indicated Resources2 Inferred Resource Domain Oxide • 3.3 million tonnes of copper in Chalcocite
Slide 15: Indicative Development Plan
INDICATIVE DEVELOPMENT PLAN Timeline Subject to Receipt of Permits and Project Financing Permitting First Copper Cathode Construction & Development Plan (PFS) 2026 2027 2028 2029 15
Slide 16: Project Financing Overview
PROJECT FINANCING OVERVIEW ~$5001 Million of Liquidity Added Since September 2025 to Fund Early Project Construction Advanced Project Financing Process Supported by Highly Engineered Project Strong Interest from Commercial Banks • Secured $200 million bank credit facility in December 2025 U.S. Expor
Slide 17: Private Land Supports Streamlined Permitting Timeline
PRIVATE LAND SUPPORTS STREAMLINED PERMITTING TIMELINE 17 Permits/Rights Completed Indicative Timeline for Remaining Permit Applications / Submittals: Q4 Q1 Q2 2025 2026 2026+ Encroachment Permit AZ Mobile Batch Plant Mined Land Reclamation CG Site Development Plan AZ AZ (Submitted) Permit Plan – Pha
Slide 18: Disruptive Technologies
DISRUPTIVE TECHNOLOGIES 18
Slide 19: 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 20: Vanadium Redox Flow Batteries
VANADIUM REDOX FLOW BATTERIES VRB Energy, 90%-owned subsidiary of Ivanhoe Electric VRB USA is 100%-owned by VRB Energy IP owned by Ivanhoe Electric and VRB Energy Proven large-scale vanadium flow battery cell stacks and power modules Able to stabilize isolated microgrids, integrating solar and wind
Slide 21: Mineral Exploration
MINERAL EXPLORATION 21
Slide 22: 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 23: 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 ~1,300 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 24: 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 25: 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 26: U.S. Portfolio – Hog Heaven Project
U.S. PORTFOLIO – HOG HEAVEN PROJECT Located on private land 50 miles southwest of Kalispell, Montana Initial expansion drilling of historic epithermal mineralization returned significant intercepts • HHD-014, 82 meters at 0.63% copper, 0.32 g/t gold, and 37.8 g/t silver from 568 meters Discovery of
Slide 27: 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 28: ivanhoeelectric.com
ivanhoeelectric.com ivanhoeelectric.com NYSE NYSE American American / TSX: / TSX: IE IE
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