Ivanhoe Electric Inc. · AMEX:IE
Ivanhoe Electric — Investor Presentation (May 2026)
29 slides from Ivanhoe Electric's investor presentation, May 2026
Slide 1: American Copper for a Stronger Future
ivanhoeelectric.com NYSE American / TSX: IE CORPORATE PRESENTATION MAY 2026 AMERICAN COPPER FOR A STRONGER FUTURE
Slide 2: Safe Harbor
SAFE HARBOR Forward-Looking Statements the businesses of Ivanhoe Electric. Certain statements in this presentation constitute “forward-looking statements” or “forward-looking Forward-looking statements are based on management’s beliefs and assumptions and on information information” within the meani
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 8.8% Shares Outstanding: 158 MILLION T. Rowe 8.0% Market Capitalization at May 11: $2.4 BILLION Other Maaden 36.4% 7.5% Cash and Equivalents at March 31: $290
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 Advanced Development Timetable COPPER PROJECT 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: 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 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: Tunnel Boring Machine Derisks Mine Access at Santa Cruz
TUNNEL BORING MACHINE DERISKS MINE ACCESS AT SANTA CRUZ Creates Single Decline ~4 Kilometers in Length and 9.3 Meters in Diameter Preserves Geotechnical Integrity and Enhances Long-term Safety with a Fully Supported, Sealed, Concrete Lining Requires Smaller Boxcut Design Capable of Higher Advance Ra
Slide 14: 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 15: Implementing Tunnel Boring at Santa Cruz
IMPLEMENTING TUNNEL BORING AT SANTA CRUZ TBM Method Replaces Project Capital Associated with Roadheaders, Silica Gel and Railveyor System Minimal Impact on Initial Project Capital of < $20 Million Underground Injection Control Permit for Silica Gel no Longer Required TBM Decline Development Does Not
Slide 16: Updated Indicative Development Plan
UPDATED INDICATIVE DEVELOPMENT PLAN Timeline Subject to Receipt of Permits and Project Financing Permitting First Copper Cathode Construction & Development 2026 2027 2028 2029 16
Slide 17: Significant Organic Expansion Potential Beyond Current Mine Plan
SIGNIFICANT ORGANIC EXPANSION POTENTIAL BEYOND CURRENT MINE PLAN 1.5 Million Tonnes of Contained Copper in Indicated Resources2 Texaco • Includes ~0.5 million tonnes of East Ridge primary sulfides at Santa Cruz Indicated Resources1 Deposit, providing near-mine Inferred Resource Domain expansion pote
Slide 18: Project Financing Overview
PROJECT FINANCING OVERVIEW ~$5001 Million of Liquidity Added Since September 2025 to Fund Early Project Construction 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
Slide 19: Disruptive Technologies
DISRUPTIVE TECHNOLOGIES 19
Slide 20: 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 21: 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 22: Mineral Exploration
MINERAL EXPLORATION 22
Slide 23: 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 24: 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 25: 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 26: 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 27: 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 28: 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 29: ivanhoeelectric.com
ivanhoeelectric.com ivanhoeelectric.com NYSE NYSE American American / TSX: / TSX: IE IE