The Globe and Mail reports in its Wednesday, Oct. 15, edition that Scotia Capital analyst Andrew Dusome, after meeting with Ivanhoe Electric chief executive officer Taylor Melvin in London, reaffirmed that the company is on track to become the next U.S. copper producer, backed by strong U.S. government support. The Globe's David Leeder writes that Mr. Dusome notes that potential government backing was a key topic in meetings following recent investments in critical minerals companies like Lithium Americas and Trilogy Metals. Mr. Dusome is keeping his "outperform" call on Ivanhoe Electric intact. Mr. Dusome gave his share target a $4.50 boost to $22.50. Analysts on average target the shares at $22. Mr. Dusome says in a note: "We believe that Ivanhoe Electric is strategically positioned to be of interest for additional government support as one of the few copper projects which has progressed to a final bankable study and will produce a fully domestic source of copper for sale directly into the U.S. market. Our current estimates call for Santa Cruz to begin producing first cathode in early 2029. ... We believe Ivanhoe warrants a premium multiple vs. peers driven by the attractiveness of the Santa Cruz Copper project."