Ivanhoe Electric announced that Sofia Bianchi has been appointed as Ma'aden's nominee to company's Board of Directors, bringing the Company's board size to nine members. Ms. Bianchi has over 28 years of finance experience, including several executive positions at Pricewaterhouse Coopers, European Bank for Reconstruction and Development, Emerging Africa Infrastructure Fund, BlueCrest Capital Management, and Commonwealth Development Corporation Group plc - all of London, United Kingdom. She is the Chief Executive Officer and founding partner at Atlante Capital Partners of Zug, Switzerland.

Ms. Bianchi is also currently Chair of Canagold Resources Ltd. of Vancouver, Canada, and a Non-Executive Director of Ma'aden of Riyadh, Saudi Arabia and Yellow Cake plc of Jersey, Channel Islands. Ms. Bianchi holds a Master's degree in finance from the University of Pennsylvania - Wharton Business School, and a Bachelor of Arts degree in Economics from George Washington University.