
	Balance outstanding as at				Transactions for the three months ended June 30,				Transactions for the six months ended June 30,
	June 30, 2026		December 31, 2025		2026		2025		2026		2025
Total Expenses
Global Mining (Note a)	$	—	$	649	$	—	$	447	$	—	$	1,218
Ivanhoe Capital Aviation (Note b)	—		—		—		250		—		500
High Water Holding Company (Note b)	—		250		250		—		500		—
I-Pulse (Note c)	2,002		—		2,002		—		2,002		—
JCHX Mining Management Co., Ltd (Note e)	—		1,500		—		—		—		—
Total	$	2,002	$	2,399	$	2,252	$	697	$	2,502	$	1,718
Revenue and accounts receivable
Maaden Joint Venture (Note d)	$	200	$	—	$	643	$	560	$	1,172	$	1,160
Advances
Global Mining (Note a)	283		422		—		—		—		—
Maaden Joint Venture (Note d)	206		141		—		—		—		—
Deposit
I-Pulse (Note c)	$	1,573	$	1,573	$	—	$	—	$	—	$	—


	Transactions for the three months ended June 30,				Transactions for the six months ended June 30,
	2026		2025		2026		2025
Expense classification
Exploration expenses	$	2,002	$	66	$	2,002	$	355
General and administrative expenses	250		631		500		1,363
Research and development expenses	—		—		—		—
	$	2,252	$	697	$	2,502	$	1,718

(a)Global Mining Management Corp. (“Global Mining”) is a private company based in Vancouver, Canada, that provided administration, accounting, and other office services to the Company on a cost-recovery basis. Effective October 31, 2025, the Company ended its service relationship with Global Mining and is no longer a shareholder.

(b)Ivanhoe Capital Aviation (“ICA”) and High Water Holding Company (“High Water”) are entities beneficially owned by the Company’s Executive Chairman. ICA and High Water provided use of an aircraft to the Company.

(c)The Company's Executive Chairman is the Chief Executive Officer and a principal owner of I-Pulse. On October 24, 2022, the Company entered into an agreement with I-Pulse, to purchase six Typhoon™ transmitters. The total purchase price for the six Typhoon™ transmitters is $12.4 million. In October 2022, the Company made deposit payments totaling $7.1 million, The remaining payments will be made as each Typhoon™ transmitter system is delivered. As at June 30, 2026, the Company has received four of the Typhoon™ transmitters that are deliverable under the agreement.

As at June 30, 2026, the Maaden Joint Venture owes the Company $0.2 million for costs that the Company incurred on behalf of the Maaden Joint Venture related to exploration work in Saudi Arabia.

(e)JCHX held 18.2% of Cordoba’s issued and outstanding common stock as at June 30, 2026 (December 31, 2025 - 19.2%). In February 2026, JCHX provided bridge loans to CMH Colombia S.A.S (“CMH”), a subsidiary of Cordoba, totalling $2.5 million. The loan was derecognized upon the Alacrán divestment (Note 13).