Core Points - Sparton Resources reports that Beijing Puneng Century Technology Co. Ltd. has won a bid to construct a 50 Megawatt, 200-Megawatt Hour all-vanadium liquid flow battery energy storage power station in Hubei Province, China [1][2] - The project is part of the VRB China Joint Venture, which is 51% owned by Shanxi Red Sun Co., Ltd. and 49% owned by VRB Energy Inc. [2] - The winning bid value for the project was 467 million RMB, approximately $65.6 million USD [3] - The project is expected to be connected to the grid by December 31, 2025, enhancing local electricity stability and economic development [4] - The installation will be executed by a consortium including BJP, Changyang Lutong Engineering Construction Co., Ltd., and Hubei Electric Power and Design Institute Co., Ltd. [3] - Sparton holds a 9.975% interest in VRB Energy, translating to an indirect 4.4% interest in the VRB China Joint Venture [3] - Ivanhoe Electric Inc. is also establishing VRB USA to construct a vanadium battery manufacturing facility in Arizona [5]

Core Insights - Sparton Resources reports that Beijing Puneng Century Technology Co. Ltd. has won a bid to construct a 50 Megawatt, 200-Megawatt Hour all-vanadium liquid flow battery energy storage power station in Hubei Province, China [1][2] Company Involvement - Sparton holds a 9.975% interest in VRB Energy Inc. through a 90% interest in VanSpar Mining Inc., translating to an indirect 4.4% interest in the VRB China Joint Venture [3] - The VRB China Joint Venture is 51% owned by Shanxi Red Sun Co., Ltd. and 49% owned by VRB Energy Inc. [2] Project Details - The winning bid for the project was valued at 467 million RMB (approximately $65.6 million USD) [3] - The project is expected to be connected to the grid by December 31, 2025, enhancing local electricity stability and economic development [4] Industry Impact - The project is anticipated to drive the coordinated development of the overall vanadium flow battery industry [4] - Ivanhoe Electric is also establishing VRB USA to construct a vanadium battery manufacturing facility in Arizona, indicating expansion outside of Asia [5]

TABLE OF CONTENTS As filed with the Securities and Exchange Commission on February 1, 2023. Registration No. 333-269029 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 Amendment No.2 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 IVANHOE ELECTRIC INC. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation or Organization) 1000 (Primary Standard Industrial Classification Code Number) 32-0633823 (I.R.S. Employer I ...