SEC Contract Filing

Filing Date: 2025-02-27

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<DIV><FONT size="1" style="font-size:1pt;color:white"> Exhibit 10.52 AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT THIS AGREEMENT is made as of the 25th day of February, 2025. BETWEEN: IVANHOE ELECTRIC INC., a Delaware corporation, having an office at Suite 606-999 Canada Place, Vancouver, British Columbia, Canada, V6C 3E1 (the &quot;Company&#8221;) AND: Graham Boyd, residing at 1254 E 15th Ave, Vancouver, British Columbia, CANADA V5T 2S8 (the &quot;Employee&quot;) WHEREAS: (A) Ivanhoe Electric Inc. is a technology-led mineral exploration company with corporate offices located in Vancouver, British Columbia, Canada, Casa Grande, Arizona, and to be established in Phoenix, Arizona , and through subsidiaries and investment, the Company funds and manages exploration programs in several jurisdictions globally but with a focus on the United States; (B) the Employee is currently employed by the Company pursuant to an Amended and Restated Executive Employment Agreement dated August 7, 2023; (C) upon execution hereof, this Agreement shall replace and supersede the Prior Agreement in its entirety; and (D) the Parties hereto wish to enter into this Agreement for the purpose of fixing the compensation and terms applicable to the employment of the Employee during the period hereinafter set forth. NOW THEREFORE THIS AGREEMENT WITNESSES that the Company and the Employee (collectively the &quot;Parties&quot;), as Parties hereto, in consideration of the respective covenants and agreements on the part of each of them, herein contained, and each intending to be legally bound hereby, do hereby covenant and agree as follows: 2 Section 1 Employment 1.1 The Company hereby engages the Employee, and the Employee acknowledges and agrees, to perform the function of Senior Vice President Exploration of the Company (the &quot;Position&quot;), based in Vancouver, British Columbia reporting to the President and Chief Executive Officer of the Company (the &quot;CEO&quot;). 1.2 In fulfilment of the Position, the Employee will carry out such duties and responsibilities as are customarily performed by persons in such role within the industry and such other duties as the Company or the CEO may reasonably assign from time to time, having regard to the Employee&#8217;s background, skills and qualifications . The Company reserves the right to reasonably amend the Employee's duties, responsibilities, reporting relationships and powers from time to time in its sole discretion, again having regard to the Employee&#8217;s background, skills and qualifications. 1.3 The Employee will be expected to travel outside of the work location where currently based, to the Company's offices, project sites and other locations as required, including considerable time at the Company&#8217;s corporate office in the Phoenix, Arizona area. The Employee shall work out of the corporate office in the Phoenix, Arizona area on a regular basis on a schedule to be reasonably agreed between the Company and the Employee, based upon the prevailing work requirements. Section 2 Term This Agreement will be effective from February 25th, 2025, and will remain in full force and effect until terminated as hereinafter provided. Notwithstanding the foregoing, April 1, 2008 (the &#8220;Continuous Service Date&#8221;) will be recognized as the Employee&#8217;s continuous service date for all purposes, including, without limitation, Section 10 below. Section 3 Responsibility Subject to the approval and/or ratification of the Company&#8217;s Board of Directors (the &quot;Board&quot;) in accordance with Company policies regarding delegation of authorities and the CEO, the Employee will have the authority and duty to perform and carry out such duties and responsibilities as are customarily carried out by persons holding similar positions in other companies comparable in size to the Company and such additional and related duties as may from time to time be reasonably assigned, delegated, limited or determined by the Board and/or the CEO, having regard to the Employee&#8217;s background, skills and qualifications. Section 4 Other Activities 4.1 The Employee's employment hereunder shall be substantially full-time and exclusively for the benefit of the Company, except as permitted herein. 4.2 During the term of this agreement, the Employee agrees not to undertake, or be engaged in the performance of, any work, services or other business activity (which does not include charitable or philanthropic endeavors that do not materially interfere with the Employee's employment hereunder), directly or indirectly, for any other person, firm, company, other legal entity or governmental agency or organization, with the exception o f: (a) the Employee's employment with the Company; and (b) any other pre-existing arrangements in effect at the date of this Agreement that have been notified to the Board and agreed (&#8220;Grandfathered Arrangements&#8221;) but provided that any such Grandfathered Arrangements shall remain subject to the Company&#8217;s policies governing such arrangements and any changes that may occur from time to time, unless it is determined by prior written approval of the Board or the CEO that such activities will not interfere with, or impede, in any significant manner the performance of Employee's duties in the Position, and further provided that: (c) before the Employee can engage in any work, services or other business activity which involves the Employee owning or acquiring any interest in excess of five percent, d