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Two Blokes Jun 23 -
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Advanced United States Copper Project on Private Land with an After-Tax Net Present Value 8% of $1.9 Billion and a 24.0% Internal Rate of Return at Current COMEX Copper Price Updated Reserves and Mine Plan Support 100% Heap Leach Process Producing 1.4 Million Tonnes of Copper Cathode Over 23 Year Mine Life Low Initial Capital of $1.24 Billion and First Quartile Unit Cash Costs of $1.32 Per Pound of Copper Highly Engineered Study Will Be Used to Secure Project Financing Initial Construction Targeted for First Half 2026, with First Copper Cathode Production Projected in 2028 Significant Copper Resources Support Future Expansion Potential on Existing Land Package Phoenix, Arizona--(Newsfile Corp. - June 23, 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 the completion of the Preliminary Feasibility Study (the "Study") for the Company's Santa Cruz Copper Project in Arizona. Located in the heart of Arizona, a state known for its prolific mining history and its booming technology industry, the Santa Cruz Copper Project is poised to become one of the nation's next major domestic producers of refined copper.
