Ivanhoe Electric releases PFS for Santa Cruz Copper Project with 182.9 Mt indicated resource at 0.81% Cu

Ivanhoe Electric Inc.

PFS replaces prior initial assessment; indicated resource 182.9 Mt at 0.81% Cu (exclusive of reserves) and 326.5 Mt at 0.95% Cu (inclusive).
Inferred resource adds 422.0 Mt at 0.79% Cu across Santa Cruz, East Ridge, and Texaco deposits.
Groundwater inflow reduced ~50% vs. 2023 IA: residual passive inflows ≤6,000 gpm first 10 years vs. prior 12,000 gpm.
Metallurgical tests indicate 92.2% total Cu recovery via heap leach (6-m lift, 180-day irrigation).
Investor call scheduled for June 23, 2025; PFS prepared by independent qualified persons under S-K 1300.

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