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International Tower Hill Mines Ltd. develops mineral properties through its Livengood Gold Project in Alaska, a gold project northwest of Fairbanks in the Tolovana mining district within the Tintina gold belt. Company updates commonly address progress on feasibility, permitting and early development work, together with project presentations for the metals and mining market.
Recurring announcements also include quarterly and annual financial results, Management Discussion and Analysis, Form 10-Q and Form 10-K filings, board and governance changes, shareholder voting matters, material agreements and capital-structure disclosures. The company’s common shares trade on NYSE American under THM, with TSX trading under ITH.
International Tower Hill Mines Ltd. (THM) announced its 2021 budget of US$5.6 million to advance the Livengood Gold Project. The focus is on completing the Pre-Feasibility Study (PFS) by October 2021, initiated in July 2020, with consultancy from BBA, Inc. and specialized support from various firms. Following a US$10.3 million financing from an At-The-Market offering, the company holds a working capital of US$13.1 million as of September 30, 2020. CEO Karl Hanneman emphasized the strong motivation to leverage the 11.5 million-ounce gold resource as the market remains robust.
International Tower Hill Mines Ltd. (THM) has successfully raised US $10.3 million through its At-The-Market offering with B. Riley Securities. The company issued 7,334,513 common shares at an average price of $1.40 each. Proceeds will be allocated towards working capital, the completion of the Pre-Feasibility Study for the Livengood Gold Project, and environmental studies. The successful financing secures sufficient funding to advance the project optimally. Following the offering, the total shares outstanding are 194,908,184.
International Tower Hill Mines Ltd. (THM) announced a webinar on September 9, 2020, to discuss significant shareholder participation in an At-The-Market (ATM) financing of $10.3 million. Major shareholders contributed $7.9 million at a share price of $1.40. CEO Karl Hanneman emphasized that this funding secures capital for the Pre-Feasibility Study (PFS) of the Livengood Gold Project in Alaska, enhancing market exposure by partnering with B. Riley while minimizing shareholder dilution.
International Tower Hill Mines Ltd. announced a successful US $10.3 million At-The-Market offering, issuing 5,670,997 common shares at $1.40 each, garnering US $7.9 million in proceeds. Major shareholders, including Paulson & Co. and Sprott Asset Management, participated in the offering. Following this transaction, Paulson will hold 31.8% of shares, Sprott 15.1%, and Electrum 14.2%. The company plans to raise an additional US $2.4 million to support its Livengood Gold Project.
International Tower Hill Mines Ltd. has filed its unaudited second quarter Financial Statements for the period ending June 30, 2020. As of this date, the company reported a working capital of $5.4 million. These documents, including the Management Discussion and Analysis and Form 10-Q, are available on SEDAR, EDGAR, and the company’s website. Shareholders may request free hard copies directly from the company.
International Tower Hill Mines Ltd. (THM) has finalized contracts for its Pre-Feasibility Study (PFS) on the Livengood Gold Project, with results expected in October 2021. The study aims to optimize project configuration and mitigate risks, supported by consultants including BBA, Inc., renowned for similar projects. The Livengood Gold Project currently holds a measured and indicated resource of 11.5 million gold ounces. The company anticipates favorable gold prices due to global monetary stimulus, enhancing project viability.