Ma'aden and Ivanhoe Electric Formed a 50/50 Joint Venture Earlier this Year to Explore for Copper, Gold, Silver and other Electric Metals over ~48,500 km2 of Underexplored Arabian Shield

Current Exploration Activities are Focused on the Al Amar Exploration Licenses Around Ma'aden's Al Amar Mine

The Joint Venture's First TyphoonTM Survey is Underway at Al Amar

Subsequent Exploration Efforts in 2024 and 2025 will Target the Wadi Bidah and Bir Umq Belts

PHOENIX, AZ / ACCESSWIRE / November 29, 2023 / Ivanhoe Electric Inc. ("Ivanhoe Electric") (NYSE American:IE; TSX:IE) Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin are pleased to announce that exploration activities have commenced in Saudi Arabia by the 50/50-owned joint venture company (the "Joint Venture") established between Ivanhoe Electric and Saudi Arabian Mining Company Ma'aden ("Ma'aden") (Saudi Stock Exchange Tadawul: 1211). Ma'aden and Ivanhoe Electric established the Joint Venture to unlock the significant mineral potential in the Kingdom of Saudi Arabia. The Joint Venture has exclusive access to explore approximately 48,500 km2 of underexplored land on the Arabian Shield that Ma'aden will make available to the Joint Venture. see & read more on
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