The Globe and Mail reports in its Friday, Sept. 5, edition that National Bank Financial analyst Andrew Dusome rates Ivanhoe Electric "outperform" in new coverage. The Globe's David Leeder writes that Mr. Dusome set a share target of $18, matching the consensus. Mr. Dusome sees its flagship Santa Cruz copper project providing a domestic source of copper cathode and "supporting the U.S. administration's aim of supply chain independence." Mr. Dusome says in a note: "The project location provides many advantages as it is in proximity to key infrastructure to build/operate a mine. ... [The project] is located on a large private land package, the federal permitting requirements are reduced, which we believe streamline the permitting process. ... Our rating is based on the attractiveness of the Santa Cruz Copper Project, which has strong potential to fill a growing need for domestic U.S. copper production, additional exploration upside throughout Ivanhoe Electric's portfolio, driven by advanced proprietary technology as well as management's pedigree, including executive chair Robert Friedland, who is a leading mining entrepreneur. We believe the combination of these factors warrants a premium valuation to peers."