Ivanhoe Electric announces significant additions to its senior management team


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Longtime outside consultant Quentin Markin will join as Executive Vice-President, Business Development and Strategy Execution

Jordan Neeser joins the company as Chief Financial Officer

NEW YORK, NY / ACCESSWIRE / November 21, 2022 / Ivanhoe Electric (NYSE American:IE)(TSX:IE) Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce significant additions to Ivanhoe Electric’s senior management team.

Longtime outside consultant Quentin Markin will join as executive vice-president, business development and strategy execution, while Jordan Neeser will join the company as chief financial officer.

Concurrent with the addition of Mr. Markin and Mr. Neeser, several existing members of Ivanhoe Electric’s management team will assume new roles.

  • Catherine Barone, current Interim Chief Financial Officer, will remain with the company as Senior Vice-President, Finance.
  • Graham Boyd, current vice president for US projects, is appointed senior vice president for US projects.
  • Glen Kuntz, current Chief Technical and Innovation Officer, will become Senior Vice-President, Mine Development, where he will lead the Company’s efforts to advance its exploration projects through the development phase.

These changes follow the recent announcement of the appointment of Taylor Melvin as President and Chief Executive Officer and the assumption of former President Eric Finlayson’s role as Chief of Global Exploration.

Robert Friedland becomes Executive Chairman of Ivanhoe Electric.

All appointments and changes are effective today with the exception of Mr. Markin who will join the Company on January 1, 2023.

Robert Friedland commented, “Today’s announcement completes the establishment of the leadership team that will lead Ivanhoe Electric through the next stages of development. Having come from a private company through our successful NYSE IPO, we have now created the necessary talent with the experience and skills to run, retain and grow the business. We have at least two flagship projects – Santa Cruz and Tintic – as well as significant ones Investments in four public companies, an industry-leading portfolio of more than half a dozen other exploration projects in the United States, a world-leading grid-scale vanadium redox flow battery business, and our proprietary geophysical survey technology known as “Typhoon”. with Computational Geosciences Inc., our industry-leading software company. This outstanding portfolio of assets now has the leadership to grow it all.”

Taylor Melvin commented, “With today’s announcements and the strong existing management team that was already in place, we are confident that we have the dedicated people to take Ivanhoe Electric to the next level. Creating shareholder value in the mining industry requires not only high quality assets, but more importantly a highly skilled team focused on a disciplined business plan. We certainly have both.”

Ivanhoe Electric Inc., Monday, November 21, 2022, Image of press release

Mr. Markin is a seasoned mining attorney with 24 years of experience, all with Canadian firm Stikeman Elliott LLP, where he has been a partner since 2008. Throughout his career he has lived and practiced in the mining centers of the world – Sydney, London, Vancouver and Toronto. Mr. Markin’s practice has focused on M&A, project development and financing matters for mining companies worldwide and has been recognized as a mining law expert by international law firm Chambers for 11 years. Mr. Markin has worked for Ivanhoe Electric since its inception, as well as for other Ivanhoe Group companies including Ivanhoe Mines, as well as for senior producers, junior explorers and investment banks. His notable transactions outside of the Ivanhoe Group include the C$1.2 billion IPO of Franco-Nevada in 2007 and OceanaGold’s acquisition of Romarco Minerals and its Haile gold mine in South Carolina in 2015 for approximately C$856 million. Mr. Markin received his Bachelor of Laws from the University of Ottawa, Canada and has an MA in International Relations from the Norman Patterson School of International Affairs, Ottawa, Canada.

Ivanhoe Electric Inc., Monday, November 21, 2022, Image of press release

Mr. Neeser is a finance executive with 18 years of financial reporting, corporate development and corporate finance experience primarily in the mining sector. Most recently, Mr. Neeser was CFO and Corporate Secretary of TSX-listed Gold Standard Ventures, which was acquired by Orla Mining (TSX:OLA) in August 2022. Previously, Mr. Neeser was CFO of Conifex Timber (TSX:CFF) and prior to that spent eight years at First Quantum (TSX:FM) as both Group Controller and Director, Business Development. Mr. Neeser began his career at KPMG, is a Chartered Accountant and holds a Bachelor of Commerce from the University of British Columbia, Vancouver, Canada.

About Ivanhoe Electric

Ivanhoe Electric is an American technology and mineral exploration company reinventing mining for electrification of everything by combining advanced mineral exploration technologies, renewable energy storage solutions and electrometallic projects located predominantly in the United States. Ivanhoe Electric uses its “Typhoon” transmitter, an accurate and powerful geophysical survey system, along with advanced data analysis provided by its subsidiary Computational Geosciences, to accelerate and mitigate risk in the mineral exploration process and to discover potential deposits of critical metals that would otherwise be mined by traditional exploration technologies might be undetectable. Through its controlling interest in VRB Energy, Ivanhoe Electric also designs and manufactures advanced grid-scale vanadium redox battery storage systems. By advancing its portfolio of electrometallic projects, primarily located in the United States, led by the Santa Cruz Copper Project in Arizona and the Tintic copper-gold project in Utah, as well as projects in Montana, Oregon and North Carolina, Ivanhoe Electric is also well positioned to advance American independence supply chain by supplying the critical metals needed to electrify the economy.

contact information

investors
Evan Young, vice president of corporate development
604-689-8765
Valerie Kimball, Director, Investor Relations
720-933-1150

SOURCE: Ivanhoe Electric Inc.

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