Ivanhoe Electric Inc. — Director's Dealing 2022

Jul 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ivanhoe Electric Inc. (IE)
CIK: 0001879016
Period of Report: 2022-06-30

Reporting Person: FRIEDLAND ROBERT M (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-30	Common Stock	C	677682	—	Acquired	8366374	Direct
2022-06-30	Common Stock	P	179517	$8.6035	Acquired	8545891	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-30	Series 1 Convertible Notes	$9.39	C		Disposed	2023-07-31	Common Stock (677682)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13500101	Indirect

Footnotes

F1: Upon the consummation of an initial public offering that resulted in gross proceeds of at least $25 million (a "Qualifying IPO"), the Series 1 Convertible Notes,
including any accrued but unpaid interest thereon, automatically converted into shares of common stock at a price per share equal to the lesser of (A) 80% of the
gross price per share at which common stock is sold in the Qualifying IPO, and (B) $9.39 per share of common stock, subject in each case to adjustment for any
stock split, stock dividend, reverse stock split, or similar transactions.

F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.35 to $8.80, inclusive. The reporting person undertakes to provide to Ivanhoe Electric Inc., any security holder of Ivanhoe Electric Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

F3: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.