Ivanhoe Electric enters earn-in to acquire 80% of White Hill Copper Project in Nevada

Ivanhoe Electric Inc.

Earn-in: spend $10M on exploration and pay $4.95M ($3.55M cash + $1.4M shares) over 6 years for 80% interest.
White Hill hosts copper-skarn mineralization and porphyry copper-molybdenum potential; 1,016 claims on 20,992 acres.
Ivanhoe Electric will deploy its proprietary Typhoon technology to explore for buried porphyry targets.
After earning 80%, Ivanhoe Electric funds next $30M; Exiro retains 10% if diluted, with carry to production.
No royalties granted; Ivanhoe Electric gets right of first refusal on Exiro's interest.

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