Letter Provides Increased Potential Debt Financing from $825 Million Included in US EXIM's April 2025 Letter of Interest 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 received a Preliminary Project Letter ("PPL") from the Export-Import Bank of the United States ("US EXIM") for potential debt financing of $1.1 billion to support development of Ivanhoe Electric 's advanced-stage Santa Cruz Copper Project in Arizona. The PPL is an increase from US EXIM's original $825 million of potential funding support stated in its April 2025 Letter of Interest (refer to Ivanhoe Electric 's April 15, 2025, news release). The PPL marks the completion of US EXIM's preliminary due diligence on the Santa Cruz Copper Project and is a key step in US EXIM's financing process that commenced with the April 2025 Letter of Interest. Mr. Friedland commented: "Following President Donald J. Trump's supportive announcement at the American Mining Roundtable in Washington on August 7, 2026, we are grateful to receive US EXIM's Preliminary Project Letter in support of our Santa Cruz Copper Project. Our country has entered an extraordinary era of demand growth for copper, which is central to all forms of electricity generation, transmission and consumption as well as advanced manufacturing, artificial intelligence, and our national security.
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