Alliance Advances Exploration Activities In Southwest United States

PHOENIX, AZ - Ivanhoe Electric Inc. reported on the activities of the BHP Exploration Alliance in the Southwest U.S. (the "Alliance"). The Basin and Range province of the Southwest U.S. remains one of the most promising frontiers for porphyry exploration. Together with BHP, the Company has deployed a new generation Typhoon™ system to look for potential world-class deposits that are hidden from the surface by younger cover rocks. Rapid progress has been made by the exploration alliance with BHP and the Company looks forward to completing the first Typhoon™ survey at an Area of Interest located in Arizona. The alliance is proving to be an effective platform to pursue exploration opportunities that are well-suited for Ivanhoe Electric's exploration technologies, looking deep below the surface for new sources of copper and other critical metals in the Southwest U.S.