Boardroom Alpha
10-K primary document
IE · Annual Report (Form 10-K) · Filed February 23, 2026

Ivanhoe Electric Inc10-K exhibit

ie20251231-ex211.htm
Document

Exhibit 21.1
Subsidiaries of the Registrant

Name
Jurisdiction of Incorporation
Bitter Creek Exploration Inc.
Arizona, United States
Cascadia Mineral Claims Inc.
Oregon, United States
Computational Geosciences Inc.
Canada
Cordoba Minerals Corp
British Columbia, Canada
Cordoba Minerals USA Corp. (Colorado)
Colorado, United States
MMDEX LLC
Delaware, United States
Desert Water Development Company
Utah, United States
 Desert Investment Network Group LLC
Arizona, United States
Cordoba Holdings Corp.
British Columbia, Canada
Sabre Metals Master Ltd.
Bermuda
Cordoba Minerals Holdings Ltd.
Barbados
Minerales Cordoba S.A.S.
Columbia
Fundacion Unidos Por El San Jorge
Columbia
CMH Colombia S.A.S.
Columbia
Cobre Minerals S.A.S.
Columbia
Exploradora Cordoba S.A.S.
Columbia
Mincordoba S.A. S.
Columbia
Diamondback Minerals LLC
Diamondback Copper LLC
GEO27, Inc.
Delaware, United States
Arizona, United States
Delaware, United States
IE Montana Holdings Corp
Montana, United States
Ivanhoe Chile Exploraiton SpA
Chile
Ivanhoe Electric (BVI) Inc.
British Virgin Islands
IVNE Australia PTY Ltd
Australia
IVNE Ivory Coast Inc.
Sama Nickel Corporation
British Virgin Islands
Canada
Kaizen Discovery Inc.
British Columbia, Canada
Kaizen Peru Holdings Ltd.
British Columbia, Canada
Kaizen Discovery Peru S.A.C.
Peru
Swala Resources Inc.
British Columbia, Canada
VRB Energy Inc.
Cayman Islands
VRB Energy International PTE. Limited
Singapore
VRB Energy System (Beijing) Co., Ltd.
Peoples Republic of China
VRB Energy Operations (Beijing) Co., Ltd.
Peoples Republic of China
Hebei Dahai Energy Storage Technology Co. Ltd.
Peoples Republic of China
VRB Shanxi New Energy Co. Ltd.
Peoples Republic of China
VRB Energy Operations (Hubei) Co.Ltd.
Peoples Republic of China
VRB Shanxi New Materials Co. Ltd.
Peoples Republic of China
VRB Energy USA Inc.
Delaware, United States
Ivanhoe Electric MENA Holdings Ltd.
France
Maaden Ivanhoe Electric Exploration and Development Limited Company
Kingdon of Saudi Arabia
Ivanhoe Electric Nevada Holding Inc.
Delaware, United States
Ivanhoe Electric Services USA Inc.
Delaware, United States
Ivanhoe North Carolina Holding Inc.
Delaware, United States
IVNE BC Holdings Ltd.
Canada
IVNE HK Holdings Inc.
British Virgin Islands
IVNE HK Limited
Hong Kong, China



Ivanhoe Electric Technology (Beijing) Co., Ltd.
Peoples Republic of China
IVNE Services Canada Ltd.
British Columbia, Canada
Lincoln Cave Exploration Inc.
Utah, United States
Little Sahara Exploration Inc.
Utah, United States
Mesa Cobre Holding Corporation
Delaware, United States
Sun Devil Solar Holdings Inc.
Delaware, United States
Rocksteady Exploration Inc.
Arizona, United States
Sand Hill Exploration Inc.
Arizona, United States
Blue Wash Exploration LLC
Arizona, United States
Durham Exploration LLC
Arizona, United States
Lucin Exploration LLC
Arizona, United States
Midway Exploration LLC
Arizona, United States
Pinos Altos Exploration LLC
Arizona, United States
Sol Dos Minerals LLC
Arizona, United States
Tintic Copper & Gold Inc.
Utah, United States



Disclaimer

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.

This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.

None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.

No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.

Full disclaimer