- Ivanhoe Electric Inc. entered into an Underwriting Agreement on **October 22, 2025**, for a public offering of **10,000,000 shares** of common stock at a public offering price of **$15.00 per share**.  **[1879016_0001104659-25-101489_tm2529161d2_8k.htm:1]** 
- The company also granted the underwriters an option to purchase up to an additional **1,500,000 shares**.  **[1879016_0001104659-25-101489_tm2529161d2_8k.htm:1]** 
- The net proceeds from the offering are expected to be approximately **$144 million**, or **$165 million** if the option to purchase additional shares is exercised in full.  **[1879016_0001104659-25-101489_tm2529161d2_8k.htm:1]** 
- The company intends to use the net proceeds to complete remaining payments for land at the **Santa Cruz Copper Project** in Arizona, fund early development activities at the project, fund exploration activities, and for other working capital and general corporate purposes.  **[1879016_0001104659-25-101489_tm2529161d2_8k.htm:1]** 
- The offering is expected to close on **October 23, 2025**, and the shares will be listed on the **NYSE American** and conditionally approved for listing on the **TSX**.  **[1879016_0001104659-25-101489_tm2529161d2_8k.htm:1]** **[1879016_0001104659-25-101489_tm2529161d2_ex1-1.htm:17]** **[1879016_0001104659-25-101489_tm2529161d2_ex1-1.htm:42]** 

| Metric | Q3 2025 |
|:---|:---|
| Firm Shares Offered (Shares) | **10,000,000**  **[1879016_0001104659-25-101489_tm2529161d2_8k.htm:1]**  |
| Option Shares (Shares) | **1,500,000**  **[1879016_0001104659-25-101489_tm2529161d2_8k.htm:1]**  |
| Public Offering Price ($USD per share) | **$15.00**  **[1879016_0001104659-25-101489_tm2529161d2_8k.htm:1]**  |
| Underwriter Purchase Price ($USD per share) | **$14.40**  **[1879016_0001104659-25-101489_tm2529161d2_ex1-1.htm:0]**  |
| Expected Net Proceeds (Millions $USD) | **$144**  **[1879016_0001104659-25-101489_tm2529161d2_8k.htm:1]**  |
| Expected Net Proceeds (Millions $USD, if option fully exercised) | **$165**  **[1879016_0001104659-25-101489_tm2529161d2_8k.htm:1]**  |

Ivanhoe Electric (IE)