Ivanhoe Electric Inc. has closed a $200 million senior secured multi-draw bridge facility through its wholly-owned subsidiary, Mesa Cobre Holding Corporation. The facility, arranged with a banking syndicate comprising National Bank of Canada, BMO Capital Markets, and Societe Generale, will provide near-term liquidity to support the development of the Santa Cruz Copper Project in Arizona. The two-year facility, secured by the company's private land holdings and certain project assets, features an interest rate based on the three-month Secured Overnight Financing Rate plus a 5.0% margin, increasing by 0.5% every six months. This bridge financing complements ongoing efforts to secure long-term project financing, including a potential $825 million loan from the U.S. Export-Import Bank, with final arrangements expected by mid-2026.