Ivanhoe Electric Announces Changes to its Board of Directors Experienced Mining and Finance Executive Patrick Loftus-Hills to Join as Director
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March 17, 2023
Ivanhoe Electric Announces Changes to its Board of Directors
Experienced Mining and Finance Executive Patrick Loftus-Hills to
Join as Director
PHOENIX, ARIZONA – Ivanhoe Electric (NYSE American: IE; TSX: IE) Executive
Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin
are pleased to announce that Patrick Loftus-Hills is joining the Company’s Board of
Directors and will serve on the Compensation and Nominating Committee. Mr. Loftus-
Hills is replacing Oskar Lewnowski, who is stepping down from the Ivanhoe Electric
Board to focus on his responsibilities as Founder and Group CEO of Orion Resource
Partners.
Mr. Loftus-Hills brings over 35 years of experience in the
global mining industry and is currently a Senior Advisor at
Moelis & Company, a New York-based investment bank. He
is also a former Partner and Managing Director at Moelis &
Company. Mr. Loftus-Hills was previously the Joint Head of
the Asian Industrials Group and Head of Natural Resources
at UBS in Hong Kong, and held leadership roles in the UBS
global mining team in New York and Australia. He spent over
25 years in investment banking, advising global mining
companies on a range of transactions including cross-
border M&A and capital raisings.
Mr. Loftus-Hills holds Law and Science degrees from Monash University in Australia. He
is also a Managing Member of Sweetwater Royalties LLC, an Orion Resource Partners
portfolio company, Chairman of the Monash University US Leadership Council, Co-
Chairman of the US Friends of the Australian Chamber Orchestra and Vice Chairman of
the AUS USA Foundation.
Mr. Friedland commented: “We are fortunate to have Patrick join the Ivanhoe Electric
Board of Directors. His extensive experience in the global mining and investment
banking industries will be of great value to our Board and Company. Also, I want to
thank Oskar for his dedicated service to Ivanhoe Electric’s Board. He provided valuable
insights during and after the Company’s 2022 initial public offering.”
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Mr. Loftus-Hills commented, “Ivanhoe Electric has a fantastic asset base, disruptive
mineral exploration technology and an exceptional management team. I have known
Robert and Taylor for many years, and I am excited to be joining the Company’s Board
of Directors.”
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 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 support American supply
chain independence by delivering the critical metals necessary for electrification of the
economy.
Contact Information
Investors: Valerie Kimball, Director, Investor Relations 720-933-1150