Ivanhoe Electric (IE) Lytham Partners Spring 2025 Investor Conference summary

Company overview and strategic focus

• Focuses on exploration and development of critical minerals, especially copper, to secure the U.S. supply chain.

• Utilizes proprietary exploration technologies, including Typhoon and Computational Geosciences, to accelerate discovery.

• Operates as a U.S.-listed company with headquarters in Arizona and dual listing in Toronto.

Importance of copper and domestic supply

• Copper is essential for the electric grid, data centers, AI growth, defense, and technology advancements.

• U.S. is a net importer of refined metals, highlighting the need for domestic copper development.

• Santa Cruz project in Arizona is positioned to help meet U.S. copper demand.

Santa Cruz Copper Project highlights

• High-grade, large underground copper resource located on private land in Arizona, streamlining permitting.

• Preliminary feasibility study (PFS) to be released in June, supporting project financing and permitting.

• Strong relationships with state and local authorities facilitate project advancement.