Slide 1: American Copper for a Stronger Future: Santa Cruz Copper Project Conference Call
ivanhoeelectric.com NYSE American / TSX: IE AMERICAN COPPER FOR A STRONGER FUTURE ivanhoeelectric.com NYSE American / TSX: IE AMERICAN COPPER FOR A STRONGER FUTURE MAY 2026 SANTA CRUZ COPPER PROJECT CONFERENCE CALL
Slide 2: Safe Harbor: Forward-Looking Statements
SAFE HARBOR Forward-Looking Statements Certain statements in this presentation 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 a
Slide 3: Scientific and Technical Information
SCIENTIFIC AND TECHNICAL INFORMATION Disclosures of a scientific or technical nature included in this Presentation regarding the Santa Cruz Copper Project, have been reviewed, verified, and approved by Glen Kuntz, P.Geo., who is a Qualified Person as defined by Regulation S-K, Subpart 1300 promulgat
Slide 4: Conference Call Participants
CONFERENCE CALL PARTICIPANTS 4 Robert Friedland – Founder & Executive Chairman Taylor Melvin – President & Chief Executive Officer Jordan Neeser – Chief Financial Officer Glen Kuntz – Senior Vice President, Mine Development Doug Harding – Senior Vice President, The Robbins Company
Slide 5: Ivanhoe Electric to Acquire Tunnel Boring Machine System
IVANHOE ELECTRIC TO ACQUIRE TUNNEL BORING MACHINE SYSTEM 5 In Late 2025, Ivanhoe Electric Identified the Opportunity to Acquire a Specialized Robbins Crossover Tunnel Boring Machine and Material Handling System for Project Development After Initial Review, Ivanhoe Electric Secured the Option to Acqu
Slide 6: Robbins is an American Company & Global Leader in Tunnel Boring Industry
ROBBINS IS AN AMERICAN COMPANY & GLOBAL LEADER IN TUNNEL BORING INDUSTRY 6 Private U.S. Company Based in Solon, Ohio ~ 70 Years of Innovation and Experience and Over 1,000 Projects Completed Globally Holds ~ 90% of all TBM Production Records Used in U.S. Mining Industry, Including San Manuel Mine Ex
Slide 7: Robbins Notable Projects
ROBBINS NOTABLE PROJECTS 7 San Manuel Mine Tunnel United States Grosvenor Mine United States Chicago TARP Project United States Boston Harbor Project United States Niagara Tunnel Project Canada The Channel Tunnel Great Britain & France
Slide 8: Benefits of Crossover TBM for Santa Cruz
BENEFITS OF CROSSOVER TBM FOR SANTA CRUZ 8 Proven Technology for Mine Access Transitions Between Hard Rock, Wet, and Mixed-face Ground in Single Drive Earth Pressure Balance Capabilities Mitigate Water Inflow Specialized Cutterhead and Drive System Supported, Sealed, and Continuous Segmental Concret
Slide 9: Improved Decline Development & Orebody Access – Indicative Design
IMPROVED DECLINE DEVELOPMENT & OREBODY ACCESS – INDICATIVE DESIGN 9 Single ~ 4 Kilometer-long, 9.3-meter Diameter Decline Preserves Geotechnical Integrity and Enhances Long-term Safety with a Fully Supported, Sealed, Concrete Lining Smaller Box Cut Estimated Average Advance Rate of ~ 10 Meters per D
Slide 10: Santa Cruz Copper Project De-risked
SANTA CRUZ COPPER PROJECT DE-RISKED 10 TBM Method Replaces Capital Associated with Roadheaders, Silica Gel & Railveyor with Net Impact on Initial Capital < $20 Million Class V Underground Injection Control Silica Gel Permit no Longer Required All Necessary Permits for Initial Construction In Hand, a
Slide 11: Indicative Development Plan
INDICATIVE DEVELOPMENT PLAN 11 2026 2027 2028 2029 Permitting Construction & Development First Copper Cathode Timeline Subject to Receipt of Permits and Project Financing
Slide 12: 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 Exc
Slide 13: Q&A
ivanhoeelectric.com NYSE American / TSX: IE AMERICAN COPPER FOR A STRONGER FUTURE ivanhoeelectric.com NYSE American / TSX: IE AMERICAN COPPER FOR A STRONGER FUTURE Q&A
Slide 14: ivanhoeelectric.com NYSE American / ivanhoeelectric.com NYSE American /
ivanhoeelectric.com NYSE American / TSX: IE ivanhoeelectric.com NYSE American / TSX: IE