Ivanhoe Electric to acquire Robbins TBM for $64.7M; first cathode target Q2 2029

Ivanhoe Electric Inc.

Acquisition cost of Robbins Crossover XRE TBM and handling system approx $64.7M; net project capital impact under $20M.
TBM replaces roadheader and Railveyor from 2025 PFS; eliminates need for Class V UIC permit for silica gel.
First copper cathode production now anticipated Q2 2029; box cut Q3 2026, decline development Q3 2027.
Advanced stages of debt financing with US Export-Import Bank; also advancing commercial bank and non-debt funding.
Updated PFS incorporating TBM engineering details expected Q3 2026.

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