Ronald Vance
About Ronald Vance
Independent director at Ivanhoe Electric Inc. (IE), age 72, serving since June 2023. Chair of the Health, Safety and Environmental (HSE) Committee and member of the Audit Committee; the Board determined he is independent under NYSE American and Rule 10A‑3 for Audit Committee service . Background spans 40+ years in mining corporate development, corporate finance advisory and marketing management, including senior roles at Teck Resources and Rothschild .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Teck Resources Limited | Senior Vice President, Corporate Development | 2006–2014 | Led corporate development; senior executive experience |
| Rothschild (Denver) Inc. | Managing Director | 1991–2000 | Corporate finance advisory |
| Rothschild Inc. | Managing Director / Senior Advisor | 2000–2005 | Corporate finance advisory |
| Southern Peaks Mining, L.P. | Chairman of the Board | 2018 | Board leadership |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Royal Gold, Inc. (NASDAQ: RGLD) | Independent Director | Current | Member, Audit and Finance Committee |
Board Governance
- Committee assignments: Chair, Health, Safety & Environmental (HSE) Committee; Member, Audit Committee .
- Independence: Board determined Vance is independent (and independent under Rule 10A-3 for Audit Committee) .
- Board and committee activity: 2024 Board meetings (4), Audit (4), Compensation & Nominating (6), HSE (3). Independent directors meet in private sessions; 100% of directors attended the 2024 Annual Meeting .
- HSE Committee mandate: Oversight of health, safety, environmental and social policies; ensures accurate ESG reporting; formed February 2024 .
Fixed Compensation
| Component (FY2024) | Amount (USD) |
|---|---|
| Fees Earned or Paid in Cash | $45,000 |
| Option Awards (grant date fair value) | $99,992 |
| Total | $144,992 |
- Non-Employee Director Equity Compensation Policy: base annual fee $130,000 (cash $30,000; equity $100,000); committee membership retainer $5,000; committee chair $10,000 (Audit Chair $15,000). Equity generally in DSUs or other forms per LTIP; DSUs vest quarterly over one year; settlement per policy; directors may elect to take cash retainer in Equity .
Performance Compensation
| Equity Award Type | Grant/Terms | Vesting | Performance Metrics |
|---|---|---|---|
| Director Stock Options | FY2024 grant; strike $13.50 (Form 4) | As specified by LTIP/award agreement | None disclosed for director equity awards |
| DSUs (per policy) | Annual equity component | Vests quarterly in year of grant (100% in Year 1) | None disclosed for director equity awards |
Other Directorships & Interlocks
| Company | Relationship to IE | Potential Conflict Note |
|---|---|---|
| Royal Gold, Inc. | No disclosed transactions with IE | No related-party transactions disclosed involving Vance; related party section focuses on other parties (e.g., I‑Pulse, Ma’aden) |
Expertise & Qualifications
- Core expertise: Corporate development, corporate finance advisory; 40+ years in mining sector .
- Committee suitability: Audit Committee member (independent under Rule 10A‑3), HSE Chair aligned with operational and ESG oversight .
Equity Ownership
| Metric | Detail |
|---|---|
| Total beneficial ownership | 17,452 shares; less than 1% of common stock |
| Composition | 7,810 DSUs vested within 60 days; 9,642 options exercisable within 60 days |
| Options outstanding (FY2024 year-end) | 28,927 director stock options |
| Shares pledged as collateral | Company policy prohibits pledging; no pledges disclosed for Vance |
| Ownership guidelines | Non-employee directors: 3x annual retainer; compliance required within 36 months of Jan 1, 2024 (or appointment) |
Insider Trades (Form 4)
| Filing Date | Transaction Date | Type | Security | Quantity | Price | Post-Transaction Ownership | Source |
|---|---|---|---|---|---|---|---|
| 2025-03-10 | 2025-03-06 | A (Award) | Common Stock | 17,123 | $0.00 | 20,652 | |
| 2024-03-12 | 2024-03-11 | A (Award) | Director Stock Option (right to buy) | 28,927 | $13.50 | 28,927 |
Governance Assessment
- Strengths: Independent status; dual-role governance (HSE Chair and Audit member) enhances board oversight in ESG and financial controls . Clear director equity and ownership alignment policies (3x retainer; anti‑hedging and anti‑pledging), and clawback framework for executives; private sessions of independent directors and full attendance at the 2024 Annual Meeting support engagement .
- Compensation alignment: Cash retainer plus equity in options/DSUs per policy; FY2024 compensation consistent with committee responsibilities and equity-heavy mix typical for non-employee directors .
- Conflicts/related parties: Proxy’s related party section does not disclose any transactions involving Vance; primary related party arrangements are with other entities/persons (e.g., I‑Pulse, Ma’aden JV), reducing perceived conflict risk for Vance specifically .
- RED FLAGS: None disclosed for Vance regarding legal proceedings, hedging/pledging, related party transactions, or Section 16(a) compliance; company asserts Section 16(a) compliance for FY2024 .