Amendment: SEC Form SC 13G/A filed by Ivanhoe Electric Inc.

11/14/24 1:22:40 PM ET

Metal Mining

Basic Materials

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SC 13G/A 1 ie13gasep24.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) IVANHOE ELECTRIC INC / US (Name of Issuer) COMMON STOCK (Title of Class of Securities) 46578C108 (CUSIP NUMBER) September 30, 2024 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) 1. Name of Reporting Person T. ROWE PRICE ASSOCIATES, INC. 52-0556948 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 4,239,405 6. Shared Voting Power* 0 7. Sole Dispositive Power* 4,253,602 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,253,602 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 3.5% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: IVANHOE ELECTRIC INC / US Item 1(b) Address of Issuer's Principal Executive Offices: 450 E RIO SALADO PARKWAY, SUITE 130, TEMPE, ARIZONA 85281 Item 2(a) Name of Person(s) Filing: (1) T. ROWE PRICE ASSOCIATES, INC. (Price Associates) Item 2(b) Address of Principal Business Office: 100 E. Pratt Street, Baltimore, MD 21202 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number: 46578C108 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class This statement is being filed to report the fact that, as of the date of this report, the reporting person(s) has (have) ceased to be the beneficial owner of more than five percent of the class of securities. Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Associates does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Associates serves as investment adviser. Any and all discretionary authority which has been delegated to Price Associates may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Associates which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Associates. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8: Identification and Classification of Members of the Group Not Applicable Item 9: Notice of Dissolution of Group Not Applicable Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. T. ROWE PRICE ASSOCIATES, INC. Date: November 14, 2024 Signature: /s/ Ellen York Name & Title: Ellen York, Vice President 09/30/2024

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Date

Price Target

Rating

Analyst

8/21/2025

$17.00

Overweight

Cantor Fitzgerald

6/30/2025

$15.00

Outperform

Raymond James

10/17/2023

$18.00

Overweight

JP Morgan

12/22/2022

$14.00

Sector Perform

Scotiabank

9/28/2022

$12.00

Outperform

Raymond James

8/18/2022

$12.00

Neutral

JP Morgan

Amendment: SEC Form SC 13G/A filed by Ivanhoe Electric Inc.

11/14/24 1:22:40 PM ET

$IE

Metal Mining

Basic Materials

Get the next $IE alert in real time by email

Date

Price Target

Rating

Analyst

8/21/2025

$17.00

Overweight

Cantor Fitzgerald

6/30/2025

$15.00

Outperform

Raymond James

10/17/2023

$18.00

Overweight

JP Morgan

12/22/2022

$14.00

Sector Perform

Scotiabank

9/28/2022

$12.00

Outperform

Raymond James

8/18/2022

$12.00

Neutral

JP Morgan

Amendment: SEC Form SC 13G/A filed by Ivanhoe Electric Inc.

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Amendment: SEC Form SC 13G/A filed by Ivanhoe Electric Inc.

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Recent Analyst Ratings for
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SEC Filings

SEC Form 10-Q filed by Ivanhoe Electric Inc.

Amendment: SEC Form SCHEDULE 13G/A filed by Ivanhoe Electric Inc.

Ivanhoe Electric Inc. filed SEC Form 8-K: Other Events

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Insider Trading

President and CEO Melvin Joseph Taylor covered exercise/tax liability with 97,835 shares, decreasing direct ownership by 13% to 632,918 units (SEC Form 4)

Large owner Chow Tai Fook Enterprises Ltd sold $31,789,460 worth of shares (3,418,295 units at $9.30) (SEC Form 4)

Senior VP, Exploration Boyd Graham Richard Thomas exercised 283,333 shares at a strike of $2.49 and sold $1,195,806 worth of shares (134,059 units at $8.92), increasing direct ownership by 332% to 194,226 units (SEC Form 4)

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Analyst Ratings

Cantor Fitzgerald initiated coverage on Ivanhoe Electric with a new price target

Raymond James resumed coverage on Ivanhoe Electric with a new price target

JP Morgan initiated coverage on Ivanhoe Electric with a new price target

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Insider Purchases

President and CEO Melvin Joseph Taylor bought $288,000 worth of shares (50,000 units at $5.76), increasing direct ownership by 7% to 730,753 units (SEC Form 4)

Senior VP, Exploration Boyd Graham Richard Thomas bought $29,150 worth of shares (5,000 units at $5.83) and was granted 33,442 shares, increasing direct ownership by 591% to 44,952 units (SEC Form 4)

Chief Financial Officer Neeser Jordan bought $58,775 worth of shares (10,000 units at $5.88), increasing direct ownership by 25% to 50,000 units (SEC Form 4)

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Press Releases

Super Copper Appoints Veteran Exploration Executive Mark Gibson as Technical Advisor

COPPER GIANT STRENGTHENS TECHNICAL LEADERSHIP AS MOCOA DRAWS WORLD-CLASS EXPERTISE

XtremeX Mining Technology Announces Plans for First Deployment of Its Revolutionary Mineral Drilling Rig with Ivanhoe Electric Following an $11M Series-A Financing Led by GoGreen Partners

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Large Ownership Changes