Risk Factors Update Summary

• Added "technical and economic" to "Feasibility Study" definition. This enhances the study's comprehensiveness.
• Cyber-attacks were added to risk factors, including phishing and ransomware. This may lead to material losses.
• The Ivory Coast Nickel-Copper Project now includes the Grata deposit, nearly doubling mineral resources compared to 2020. This change significantly impacts the project's potential.
• Ivanhoe Electric made significant payments for the acquisition of mineral rights, totaling $30.8 million.
• Expenditures for the Ivory Coast Project increased from Cdn $15,000 to Cdn $16,000 over six years.
• Included "5.5 million tonnes mined annually" in the Santa Cruz Project details. This quantifies production.
• The company now has significant equity ownership in Cordoba, a listed company, with the legal right to elect directors.
• Acquisition of Kaizen Discovery Inc. with 82.5% ownership. This adds significant copper and gold resources.
• Ownership increased to 94% in a data inversion business, enhancing control and potential profitability.
• Ivanhoe Electric conducted a substantial exploration program, completing 16 diamond drill holes by December 31, 2023.
• Ownership interest in the Ivory Coast Project increased from 29% to 30%.
• The risk factors now include additional countries like Saudi Arabia and the PRC for political and economic uncertainties.
• Acquisition of 16 mineral exploration permits in Tintic Project adds 27.95 km2, expanding exploration potential.
• The company entered into multiple agreements for the acquisition of claims, totaling 27 agreements.
• Cordoba acquired a 25% interest in MMDEX in May 2019, and as of March 17, 2023, it acquired a 30% interest.
• Acquisition of Kaizen Discovery Inc. by Ivanhoe Electric on February 6, 2024.
• Inserted "$420.4 million" as the initial capital cost for the Alacran Project construction. This is a significant financial detail.
• Addition of Typhoon™ technology patents enhancing mineral exploration capabilities and competitive advantage.
• Added "23.8%" as the Internal Rate of Return for the Alacran Project. This indicates project profitability.
• General administrative expenses have increased since becoming a public company in June 2022.
• Establishment of Go2Lithium Inc. joint venture for battery-grade lithium salts production.
• Included "14.0 years" as the projected mine life for the Alacran Project. This provides insight into project longevity.
• The company's amended certificate allows for the issuance of common stock without stockholder approval.
• Increase in total consolidated liabilities to $110.9 million as of December 31, 2023.
• Compliance with new rules and regulations will increase legal and financial compliance costs.
• Creation of a Health, Safety, and Environmental Committee by the Board of Directors in 2024.
• The company's status as an emerging growth company may impact its attractiveness to investors.
• Cordoba Minerals Corp. terminated a joint venture agreement with Yang Xing Vanadium in May 2022.