Final Payment Clears Way for Initial Mine Construction Activities Subject to Receipt of Permits

Phoenix, Arizona–(Newsfile Corp. – November 19, 2025) – Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) (“Ivanhoe Electric”) Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce that Ivanhoe Electric has accelerated and completed the final three land acquisition payments, totaling $39.3 million, at the Santa Cruz Copper Project in Arizona, satisfying all remaining terms of the Purchase and Sale Agreement with Wolff-Harvard Ventures LLC (refer to Ivanhoe Electric’s May 11, 2023 news release ). The promissory note previously issued, and now repaid, required the full outstanding balance to be paid by Ivanhoe Electric prior to com

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