SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Ivanhoe Electric Inc.

(Name of Issuer)

Common stock, par value $0.0001 per share

(Title of Class of Securities)

46578C108

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No.

46578C108

Names of Reporting Persons

Robert Martin Friedland

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 13,272,880.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 13,272,880.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

13,272,880.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

9.0 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: Item 5: Includes (i) 10,773,303 shares of common stock of the Issuer, (ii) 1,638,390 shares of commonstock of the Issuer issuable upon exercise of vested options, (iii) 44,520 shares of common stock ofthe Issuer issuable upon vesting of restricted stock units, and (iv) 816,667 shares of common stockof the Issuer issuable upon exercise of share purchase warrants. Does not include (i) 276,780shares of common stock issuable pursuant to stock options that are not exercisable within 60 daysfrom unvested options, (ii) 89,042 shares of common stock of the Issuer issuable pursuant torestricted stock units of the Issuer that will not vest within 60 days, and (iii) up to 400,684 shares ofcommon stock of the Issuer issuable pursuant to performance share units of the Issuer that will notvest within 60 days. Item 9: Based on the quotient obtained by dividing (a) the 13,272,880 shares of common stock of theIssuer beneficially owned by the Reporting Person as set forth in Row 9 by (b) the 144,714,777outstanding shares of common stock of the Issuer as reported on the Quarterly Report on Form 10-Q filed by the Issuer with the U.S. Securities and Exchange Commission on November 5, 2025 plus1,682,910 shares of common stock of the Issuer issuable upon exercise of vested options andRSUs that vest within 60 days and 816,667 shares of common stock of the Issuer issuable uponexercise of share purchase warrants. The number of shares beneficially owned by the ReportingPerson as set forth in Row 9 is treated as converted into the shares only for the purpose ofcomputing the percentage ownership of the Reporting Person for the purpose of this Schedule13G

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Ivanhoe Electric Inc.

(b)

Address of issuer's principal executive offices:

450 E. Rio Salado Parkway, Suite 130 Tempe, AZ, 85281

Item 2.

(a)

Name of person filing:

Robert Martin Friedland

(b)

Address or principal business office or, if none, residence:

150 Beach Road, #25-03, The Gateway West, Singapore 189720

(c)

Citizenship:

United States/Canada

(d)

Title of class of securities:

Common stock, par value $0.0001 per share

(e)

CUSIP No.:

46578C108

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

See item 9 of the cover page

(b)

Percent of class:

See item 11 of the cover page

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

See item 5 of the cover page

(ii) Shared power to vote or to direct the vote:

See item 6 of the cover page

(iii) Sole power to dispose or to direct the disposition of:

See item 7 of the cover page

(iv) Shared power to dispose or to direct the disposition of:

See item 8 of the cover page

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Robert Martin Friedland

Signature:	/s/ Robert Martin Friedland
Name/Title:	Robert Martin Friedland
Date:	01/28/2026

Amendment: SEC Form SCHEDULE 13G/A filed by Ivanhoe Electric Inc.