Cordoba Minerals Corp., a publicly listed and 60.8% owned subsidiary of Ivanhoe Electric Inc., has amended its agreement to sell its remaining 50% interest in the Alacrán copper-gold-silver deposit in Colombia, along with related exploration properties and certain intercompany receivables, to JCHX Mining Management Co., Ltd. and its affiliates for $128 million. Under the revised terms, Naipu Mining Machinery and Hong Kong Zhongan Industry Development Co., Limited are no longer parties to the deal, the requirement for Environmental Impact Assessment approval has been waived, and a new closing condition requires approval from JCHX shareholders. The closing date has been extended to March 10, 2026, and the full purchase price will be paid at closing, with no post-closing payments. Cordoba has also agreed to use commercially reasonable efforts to distribute the net proceeds to its shareholders, retaining $10 million within the company.

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