IE Ivanhoe Electric Inc. - 8-K

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 20, 2026, Ivanhoe Electric Inc.’s majority-owned subsidiary Cordoba Minerals Corp. (“Cordoba Minerals”) entered into a consulting agreement (the “Consulting Agreement”) with Quentin Markin in connection with the performance of services by Mr. Markin as the interim Chief Executive Officer (“CEO”) for Cordoba Minerals.  The Consulting Agreement provides that in consideration for the performance of said services, Mr. Markin will receive a monthly fee of $7,500 and reimbursement for reasonable business expenses properly incurred in connection with services performed under the Consulting Agreement.  The Consulting Agreement will terminate automatically upon Cordoba Minerals appointing a new CEO, unless previously terminated by Cordoba Minerals for cause or by either party without cause after providing one month advanced written notice.

Cordoba Minerals announced the appointment of Mr. Markin as Cordoba Minerals’ interim CEO on March 6, 2026.  Mr. Markin continues to serve as Executive Vice-President of Business Development and Strategy Execution for Ivanhoe Electric Inc., and as a director of Cordoba Minerals.

The foregoing summary of the Consulting Agreement does not purport to be a complete description of the Consulting Agreement and is qualified in its entirety by reference to the full text of the Consulting Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Description

10.1

Consulting Agreement dated May 20, 2026 between Cordoba Minerals Corp. and Quentin Markin

104

Cover Page Interactive Data File (embedded with the inline XBRL document)

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