Ivanhoe Electric Inc.

For the period ended Mar 31, 2025. Filed May 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 6, 2025

IE$7.66-7.3%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Interim Consolidated Statements of Loss and Comprehensive Loss

Condensed Interim Consolidated Statements of Loss and Comprehensive Loss (Unaudited)

(Expressed in thousands of U.S. dollars, except for share and per share amounts)

	Three Months EndedMarch 31,
	2025	2024
Revenue	$735	$360
Cost of sales	(293)	(100)
Gross profit	442	260
Operating expenses:
Exploration expenses	15,785	43,643
General and administrative expenses	11,586	12,601
Research and development expenses	52	810
Selling and marketing expenses	23	87
Loss from operations	27,004	56,881
Other expenses (income):
Interest expense (income), net	1,530	(35)
Foreign exchange loss (gain)	12	(5)
Share of loss of equity method investees	4,989	3,012
Other expense, net	606	268
Loss before income taxes	34,141	60,121
Income tax recovery	—	(26)
Net loss	34,141	60,095
Less loss attributable to non-controlling interests	(3,626)	(4,584)
Net loss attributable to common stockholders or parent	30,515	55,511
Net loss	34,141	60,095
Other comprehensive (income) loss, net of tax:
Foreign currency translation adjustments	(12)	392
Other comprehensive (income) loss	(12)	392
Comprehensive loss	$34,129	$60,487
Comprehensive loss attributable to:
Common stockholders or parent	30,503	55,761
Non-controlling interests	3,626	4,726
	$34,129	$60,487
Net loss per share attributable to common stockholders
Basic and diluted	$0.24	$0.46
Weighted-average common shares outstanding
Basic and diluted	126,664,363	120,246,430

Condensed Interim Consolidated Statements of Changes in Equity (Unaudited)

(Expressed in thousands of U.S. dollars, except share amounts)

Three months ended March 31, 2025 and 2024

Additionalpaid-incapital · Accumulateddeficit · Accumulatedothercomprehensiveincome (loss) · Non-controllinginterests · Total
	Common Stock
Shares · Amount
Balance at January 1, 2024	120,025,264	$12	$777,816	$(401,504)	$(2,073)	$2,030	$376,281
Net loss	—	—	—	(55,511)	—	(4,584)	(60,095)
Other comprehensive loss	—	—	—	—	(250)	(142)	(392)
Issuance of common stock; Kaizen arrangement	116,413	—	952	—	—	—	952
Issuance of common stock; earn-in payment	12,765	—	95	—	—	—	95
Settlement of restricted share units	150,000	—	—	—	—	—	—
Settlement of deferred share units	1,972	—	—	—	—	—	—
Share-based compensation	—	—	3,315	—	—	30	3,345
Non-controlling interests investment in subsidiary	—	—	9,372	—	—	20,628	30,000
Other changes in non-controlling interests	—	—	(726)	—	—	272	(454)
Balance at March 31, 2024	120,306,414	$12	$790,824	$(457,015)	$(2,323)	$18,234	$349,732
Balance at January 1, 2025	120,612,112	$12	$802,032	$(530,127)	$(3,276)	$11,790	$280,431
Net loss	—	—	—	(30,515)	—	(3,626)	(34,141)
Other comprehensive income	—	—	—	—	12	—	12
Issuance of common stock; public offering, net of issuance costs	11,794,872	1	53,380	—	—	—	53,381
Issuance of warrants, public offering	—	—	12,470	—	—	—	12,470
Settlement of restricted share units	150,000	—	—	—	—	—	—
Stock options exercised	33,334	—	83	—	—	—	83
Share-based compensation	—	—	2,934	—	—	39	2,973
Other changes in non-controlling interests	—	—	(35)	—	—	172	137
Balance at March 31, 2025	132,590,318	$13	$870,864	$(560,642)	$(3,264)	$8,375	$315,346

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.