Ivanhoe Electric Inc. · AMEX:IE
Ivanhoe Electric — Investor Presentation (May 2025)
27 slides from Ivanhoe Electric's investor presentation, May 2025
Slide 1: American Copper for a Stronger Future
NYSE American / TSX: IE Ivanhoeelectric.com AMERICAN COPPER FOR A STRONGER FUTURE Corporate Presentation | May 2025
Slide 2: Safe Harbor
Safe Harbor Forward-Looking Statements and future mining operations; we may fail to identify attractive acquisition candidates or joint ventures with strategic partners or be unable to successfully integrate acquired mineral properties or successfully manage joint ventures; our Certain statements in
Slide 3: Scientific and Technical Information
Scientific and Technical Information The Initial Assessment (“IA”) is entitled “S-K 1300 Initial Assessment & Technical Report Summary, Santa Cruz Project, Arizona”, is dated September 6, 2023, and was prepared in accordance with Subpart 1300 and Item 601 of Regulation S-K. The IA was prepared by th
Slide 4: Ivanhoe Electric – Company Overview
Ivanhoe Electric – Company Overview CORNERSTONE ASSET Santa Cruz Copper Project in Arizona CORNERSTONE COPPER PROJECT IN High-Grade Resource on Private Land THE UNITED STATES Estimated First Production by 2029 DISRUPTIVE TECHNOLOGIES Typhoon Geophysical Surveying System Computational Geosciences Inc
Slide 5: Ivanhoe Electric – Project Portfolio
Ivanhoe Electric – Project Portfolio HOG HEAVEN, MT IVANHOE ELECTRIC & MA’ADEN’S 50/50 JOINT VENTURE TINTIC, UT USA SAUDI ARABIA SANTA CRUZ COPPER PROJECT, AZ Ivanhoe Electric is Focused on Technology-Driven Exploration, Actively Advancing Opportunities Across Key Regions 5
Slide 6: Ivanhoe Electric – Growth Milestones
Ivanhoe Electric – Growth Milestones 2023 Achievements 2024 Achievements 2025 Focus Updated Santa Cruz Mineral Secured 100% of Mineral Rights at Strengthened Balance Sheet Resource Estimate Santa Cruz Through Successful Financing (~4.7 Million Tonnes of Contained Copper) Advanced Santa Cruz Prelimin
Slide 7: Santa Cruz Copper Project
4] SANTA CRUZ COPPER PROJECT
Slide 8: Ivanhoe Electric – U.S. Company Advancing U.S. Copper
Ivanhoe Electric – U.S. Company Advancing U.S. Copper Project to Support Domestic Supply Chain The Santa Cruz Copper Project is a high-quality and near shovel ready U.S. project 100%-owned and operated by a U.S. company Located on private land in Arizona, America's AZ leading copper-producing state
Slide 9: Santa Cruz Copper Project – Location
Santa Cruz Copper Project – Location 5,975 acres of private land, mineral, and associated water rights near Casa Grande, Arizona Excellent access to existing infrastructure including rail, highways, electric transmission lines, and natural gas pipelines Mineral Resource Estimate: ~4.7 million tonnes
Slide 10: Santa Cruz map
SANTA CRUZ| it Olvanhoe Historical PHOENIX | ° IE Drill Holes ELECTRI ARIZONA, USA | Sacaton ‘ 40 miles [= Project Outline Mine Exploration Area HS Deposit Outline Historical Sacaton Mine @ Local Industry . e a —— Railway | oe. : Deposit __ Highways / | . * roe _| _ Interstates iS '|--- Transmission
Slide 11: Santa Cruz Copper Project – Initial Assessment Summary
Santa Cruz Copper Project – Initial Assessment Summary At $3.80/lb Copper and 8% Discount Rate $3000 Initial Assessment After-Tax Net Present Value8% Sensitivity Copper Price Initial Capital Expenditure Mining Cost Processing Cost IA Estimates $2500 $1.15B Initial CAPEX After-Tax Net Present Value8%
Slide 12: Santa Cruz – Potential to be Significant U.S. Copper Producer
Santa Cruz Copper Project – Potential to be Significant U.S. Copper Producer Initial Assessment Copper Production Relative to Other U.S. Mines Paid Metal Cash Cost 1,000 $4.00 2023 Paid Metal Production (Mlb) 750 $3.00 C1 Cash Cost ($/lb) 500 $2.00 250 $1.00 0 $0.00 Source: S&P Global Capital IQ, 20
Slide 13: Santa Cruz – Renewable Energy Results in Low Projected Carbon Emissions
Santa Cruz Copper Project – Renewable Energy Results in Low Projected Carbon Emissions Projected Carbon Emissions per Tonne of Copper Produced Scope 1 & 2 Carbon Emissions Copper Grade 2023 Total Intensity (kg CO2e per tonne Paid CuEq) 4000 Santa Cruz Initial Assessment 1.50 Average Life of Mine 202
Slide 14: Santa Cruz Copper Project Permitting Process for Decline Development
Santa Cruz Copper Project Permitting Process for Decline Development 10 PERMITS / RIGHTS COMPLETED TO SUPPORT ✓ Exploration Activities ✓ Land Use Conversion ✓ Land Reclamation PRELIMINARY FEASIBILITY STUDY PERMITS FOR DECLINE DEVELOPMENT Mined Land Major Aquifer Protection ADDITIONAL REQUIRED MINING
Slide 15: Mineral Exploration / Disruptive Technologies
MINERAL DISRUPTIVE EXPLORATION TECHNOLOGIES 15
Slide 16: Typhoon Exploration Technology
Typhoon Exploration Technology Proprietary geophysical surveying technology accelerates mineral exploration Two operating modes: induced polarization and electromagnetics High voltage, up to 10 kV, for transmission through conductive cover and highly resistive host rocks High power, up to 100 kW, to
Slide 17: Computational Geosciences Inc.
Computational Geosciences Inc. Industry-leading algorithms for 3D subsurface modeling, and optimized inversions for Typhoon data Ability to integrate inversion modeling with drilling data provides holistic views of underground structures and informs real-time exploration decisions Track record of us
Slide 18: Vanadium Redox Flow Batteries
Vanadium Redox Flow Batteries VRB Energy, 90%-owned subsidiary of Ivanhoe Electric Proven large-scale vanadium flow battery cell stacks and power modules Able to stabilize isolated microgrids, integrating solar and wind power in a safe, reliable, low-maintenance, and environmentally friendly manner
Slide 19: Mineral Exploration
MINERAL EXPLORATION 19
Slide 20: Hog Heaven Project
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 the Battle Butte
Slide 21: Tintic Project
Tintic Project Located on private land in a historic mining district 60 miles south of Salt Lake City, Utah Significant Typhoon chargeability anomalies identified, correlating with the most productive historical mines 15 drill holes and 17,800 meters completed since drilling announced Despite identi
Slide 22: Ma'aden Joint Venture
Ma’aden Joint Venture 50/50 Joint Venture established in 2023 Exclusive access to explore a vast ~48,500 km2 area of the underexplored Arabian Shield in Saudi Arabia Ongoing Typhoon surveys over Al Amar Exploration License cover 238 km2 to date Initial drill program at Umm Ad Dabah ongoing and comme
Slide 23: Ma'aden Joint Venture
Ma’aden Joint Venture Typhoon Multiple high-priority geophysical anomalies Survey Areas Across Umm identified from first Typhoon surveys near 26.5 km2 Ash Shalahib the Al Amar Mine 68.3 km2 License Area Disruptive Typhoon technology quickly proves its power with discovery Initial drill program focus
Slide 24: BHP Exploration Alliance
BHP Exploration Alliance BHP has committed US$15 million to fund Alliance exploration activities Alliance is focused initially on six areas of interest in the southwestern U.S. Alliance has access to a new generation Typhoon system and CGI inversion software Ivanhoe Electric is the operator during t
Slide 25: Ivanhoe Electric – Company Overview
Ivanhoe Electric – Company Overview SNAPSHOT (as of May 27, 2025) Significant Institutional and Insider Ownership Primary U.S. Listing: NYSE AMERICAN: IE Secondary Listing: TSX: IE BlackRock (All) 10.8% Other Current Market Cap: $975.9 MILLION 26.2% Fidelity (All) Shares Outstanding: 132.6 MILLION 1
Slide 26: Ivanhoe Electric – Experienced Management Team
Ivanhoe Electric – Experienced Management Team ROBERT FRIEDLAND TAYLOR MELVIN Founder and Executive Chairman President and Chief Executive Officer Industry-leading company builder, 20+ years experience investment entrepreneurial explorer, and banking and corporate development with technology innovat
Slide 27: ivanhoeelectric.com
ivanhoeelectric.com NYSE American / TSX: IE