• Ambassador (Ret.) J. Peter Pham, Ivanhoe Atlantic Executive Chairman and Interim CEO, expressed full support for the new G7 commitment to critical minerals projects and supply chains as an elevated economic and security necessity in the current global environment.
• This growing global collaboration, which is in line with U.S. national security strategy, reinforces the importance of developing strategic projects that can attract long-term capital, secure downstream partnerships and contribute to trusted critical minerals supply chains.
• The meeting was the first of its kind for the G7 which brought together global mining and finance leaders together with top government officials to emphasize the need for practical collaboration between producers, processors, manufacturers, financiers and governments to accelerate critical minerals projects and build resilient supply chains among trusted partners.
• In addition to Ivanhoe Atlantic, other companies signing the statement included Airbus, Appian Capital Advisory, BMO Financial Group, BNP Paribas, Goldman Sachs, Imerys, JP Morgan, Orano, and USA Rare Earth. It was also endorsed by the B7 (BDI-Federation of German Industries, BusinessEurope, Canadian Chamber of Commerce, Confederation of British Industry, Confindustria, Keidanren, Mouvement des Enterprises de France-MEDEF, and the U.S. Chamber of Commerce).

Ivanhoe Atlantic Inc. (“Ivanhoe Atlantic” or the “Company”), a U.S. mining company, has joined industry leaders and policymakers from across the G7 and like-minded nations in backing a new initiative to accelerate investment in critical minerals projects. The G7 is an intergovernmental political and economic forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, with the European Union as a “non-enumerated member.” In addition, representatives of Australia, Brazil, and South Korea were specially invited to the meeting in Paris on June 10.

The statement, signed in Paris under the French G7 Presidency, reflects a shared commitment to advancing the critical mineral projects needed to support economic security, industrial resilience and the energy transition. It reinforces growing global recognition that securing trusted supply chains will require greater private sector mobilization, innovative financing mechanisms and deeper international partnerships.

In remarks during the discussion, Ambassador (Ret.) J. Peter Pham, Executive Chairman and Interim Chief Executive Officer of Ivanhoe Atlantic, quoted the earlier remarks of Mr. Hara Ichiro, senior managing director and executive director of the Japanese Business Federation (Keidanren) that what was needed was “not just stronger cooperation but wider cooperation,” and urged participants to expand their horizons both geographically and in terms of technology, noting Ivanhoe Atlantic’s primary, albeit not exclusive, focus on Africa and its origins in a U.S. technology company, I-Pulse, gives it a unique perspective on broad partnerships.

Ambassador Pham also said: “As a company that is fully aligned with U.S. national security policy, we are pleased to support this initiative which works to secure critical minerals supply chains as a strategic global security priority, not a niche mining issue.”

“Governments, such as the U.S. administration led by President Donald J. Trump, along with industry and financiers, are aligning around the view that secure supplies of critical minerals are essential for economic security, industrial competitiveness, and defense capability.”

“It is vital for global institutions such as the G7 to show this leadership and bring its collective influence to achieving progress across this entire ecosystem.”

“Ivanhoe Atlantic understands how important it is to have project-focused collaboration, early financial involvement and structured host-state commercial arrangements that create value for all participants through the world’s highest grade iron ore project at Kon Kweni in Guinea, that will be linked via the Liberty Corridor which connects West Africa to American and to U.S.-allied markets.”

“By building an ecosystem of investors and financiers of both the mine operations and logistics infrastructure, together with long-term offtake agreements in countries closely linked to the U.S. and in America itself, we can scale up exporting this ultra-high grade ore, from our mine to the rail, to the port, to prospective new age steel making furnaces. Initiatives like this are driven by companies like ours that are working to strengthen and integrate global supply chains for trusted and like-minded partners around the world.”

The full G7 statement can be read here. 

(Ambassador Pham speaking at the signing ceremony in Paris)

–ENDS–

Contact details: media@ivanhoeatlantic.com | www.ivanhoeatlantic.com

About Ivanhoe Atlantic Inc.

Guinea:

• Ivanhoe Atlantic holds a mining convention in Guinea for the Kon Kweni Ultra-High Grade Iron Ore Project. The convention is the operating framework covering exclusive infrastructure development and access rights to one of the lowest contaminant and highest-grade undeveloped iron ore deposits in the world.
• Kon Kweni is an advanced world-class deposit featuring 751.9 million tons of Direct Ship Ore, of which 209 million tons is high-grade ore (>67% Fe). The project is 85% owned by a subsidiary of Ivanhoe Atlantic, 15% owned by the Government of Guinea.
• Kon Kweni is located in southeast Guinea, 16km from Guinea’s border with Liberia, and 46km from the northern end of the Yekepa-Buchanan railway.
• Liberia and Guinea ratified a Bilateral Implementation Agreement in 2021. The agreement promotes shared use of transport infrastructure at national, sub-regional and regional levels to bolster mining development, contribute to sub-regional integration of the economies of Guinea and Liberia, and strengthen the socio-economic development of both countries.
• Kon Kweni is expected to generate roughly half the project’s economic dividend for the Guinea government over the mine’s lifecycle.

Liberia:

• Liberia is home to an estimated 17 billion tons of iron ore, much of which lies in the Yekepa-Buchanan corridor.
• Ivanhoe Atlantic, through its local subsidiary, Ivanhoe Liberia, plans to expand capacity of the Yekepa–Buchanan railway and Buchanan Port to support the export of up to 30 million tons per annum of iron ore.
• Ivanhoe Atlantic will become the rail line’s first ‘multi-user’ customer, in full alignment with President Joseph Boakai’s ARREST Agenda. The proposed infrastructure expansion will increase capacity on the railway to support the transportation of 2-5 mtpa, building up to 30 mtpa, of iron-ore from the Kon Kweni project.
• Following over six years of discussions with Liberia’s Inter-Ministerial Concessions Committee, Ivanhoe Atlantic has secured a Concession and Access Agreement (CAA) from the Government of Liberia. The CAA was ratified by the Legislature with support from President Boakai on December 18, 2025.
• Liberia is to establish a National Rail Authority that will place oversight and governance of the railway, a strategic sovereign asset, back under the purview of the government.
• Final environmental permit approval for all operations related to transport and logistics was granted by the Government of Liberia on March 25, 2026.