American copper industry veteran Taylor Melvin to join Ivanhoe Electric as its President and Chief Executive Officer Will lead the Company as it develops the critical mineral mines necessary for the energy transition in the United States
October 21, 2022
American copper industry veteran Taylor Melvin to join Ivanhoe
Electric as its President and Chief Executive Officer
Will lead the Company as it develops the critical mineral mines
necessary for the energy transition in the United States
Robert Friedland will continue as Executive Chairman
Eric Finlayson will assume new role as Chief of Global Exploration
NEW YORK, NEW YORK – Ivanhoe Electric (NYSE American: IE; TSX: IE) Chairman and
current Chief Executive Officer Robert Friedland and current President Eric Finlayson are
pleased to announce that Taylor Melvin will join the Company as its President and Chief
Executive Officer.
Mr. Melvin has over 20 years of experience in the natural
resources sector as a senior corporate development
professional and investment banker. He was most recently
Vice President, Corporate Development for Freeport
McMoRan Inc. (NYSE: FCX), a leading international mining
company focused on copper, headquartered in Arizona.
Prior to joining Freeport-McMoRan in 2008, Mr. Melvin was
an Executive Director in J.P. Morgan’s Natural Resources
investment banking group in New York. Mr. Melvin received
his Bachelor of Science in Business Administration and his
MBA from the University of North Carolina at Chapel Hill.
Current CEO and Chairman Robert Friedland commented: “ When we took Ivanhoe
Electric public in June, we did so on the strength of our existing management t eam that
was developed in the private Company. Our intention was to expand and fine-tune the
executive management team, to continue on the growth and development path that we
and our investors are expecting . We have taken the time since the IPO to seek out the
best talent we could find . We are pleased that our search led us to Mr. Melvin, an
experienced executive in the copper mining industry who happens to live in Phoenix, only
45 minutes away from our flagship Santa Cruz Copper Project located near Casa Grande,
Arizona. We are excited to build a team around Mr. Melvin, which will be based in the
Phoenix area.”
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Current President Eric Finlayson added: “I can’t think of a better fit for Ivanhoe Electric
than Mr. Melvin given his deep knowledge of the U.S. copper mining industry and Arizona
in particular.”
Mr. Melvin commented, “I’ve known Robert for many years, and our paths crossed again
recently regarding his desire to expand the management team at Ivanhoe Electric . I am
excited about the opportunity to join an exceptional team and help the Company advance
its portfolio of high-quality assets, including the Santa Cruz Copper Project here in
Arizona and the Tintic Project in Utah. I can’t wait to get started.”
Robert Friedland will continue as the Executive Chairman of Ivanhoe Electric.
Eric Finlayson will take on the new role of Chief of Global Exploration. Eric has almost 40
years of global multi-commodity exploration and discovery experience with 24 years as
Global Head of Exploration with Rio Tinto. In his new role, Eric will return to his roots and
lead the Company’s efforts in project identification and evaluation in jurisdictions that
will also be key to U.S. critical minerals supply – principally in Australia, Canada and
Europe. Graham Boyd , the Company’s Vice President, U.S. Projects, will continue to
supervise exploration activities within the continental United States.
“Taylor’s addition is the first of several anticipated changes to strengthen our
management team ,” Mr. Friedland continued. “With Taylor on board, we expect to
announce a few other key additions in the coming months , so we have the talent
necessary to execute our next phase of growth and development.”
All appointments and changes, including Mr. Melvin’s appointment, will be effective
November 21, 2022. Mr. Melvin will also join the board of directors at that time.
About Ivanhoe Electric
Ivanhoe Electric is an American technology and mineral exploration company that is re-inventing
mining for the electrification of everything by combining advanced mineral exploration
technologies, renewable energy storage solutions and electric metals projects predominantly
located in the United States. Ivanhoe Electric uses its Typhoon ™ transmitter, an accurate and
powerful geophysical survey system, together with advanced data analytics provided by its
subsidiary, Computational Geosciences, to accelerate and de -risk the mineral exploration
process as well as to potentially discover deposits of critical metals that may otherwise be
undetectable by traditional exploration technologies. Through its controlling interest in VRB
Energy, Ivanhoe Electric also develops and manufactures advanced grid-scale vanadium redox
battery storage systems. Finally, through advancing its portfolio of electric metals projects
located primarily in the United States, headlined by t he 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 support American supply chain
independence by delivering the critical metals necessary for electrification of the economy.
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Information contact
Investors
Evan Young, VP of Corporate Development
604-689-8765
Valerie Kimball, Director, Investor Relations
720-933-1150