International Tower Hill Mines SEC Filings

International Tower Hill Mines Ltd. is conducting a public offering of 29,280,000 common shares at $2.22 per share, for gross proceeds of about $65.0 million, with underwriters holding a 30-day option to buy up to an additional 4,392,000 shares. Concurrently, the company plans a $40 million private placement of 18,018,018 shares to its largest shareholder, Paulson & Co. Inc., at the same price.

Cash and cash equivalents would rise from $2.3 million to about $103.2 million on an as-adjusted basis, and shares outstanding would increase from 207,885,473 as of January 19, 2026 to 255,183,491 after the offering and private placement. The company plans to use roughly $50 million for feasibility and technical studies and $35 million for permitting and community engagement at its Livengood Gold Project, with the remainder for corporate and general purposes.

International Tower Hill Mines Ltd. is conducting a public offering of $60,000,000 of common shares under its shelf registration, with a concurrent $40 million private placement to its largest shareholder, Paulson & Co. Inc., at the same price.

After the offering and private placement, pro forma cash and cash equivalents would rise from $2.28 million to about $102.28 million as of September 30, 2025, significantly strengthening funding for its Livengood Gold Project in Alaska. The company plans to allocate approximately $50 million to feasibility and technical studies, $35 million to permitting and community engagement, and $12 million to corporate and general purposes.

As of January 19, 2026, 207,885,473 common shares were outstanding, and a 30‑day underwriter option may increase the total. Paulson currently owns 33.8% of the shares and will maintain a significant influence while its new investment is subject to a lock‑up agreement.

International Tower Hill Mines Ltd. (THM) filed its quarterly report, showing continued project-stage spending and no revenues as it advances the Livengood Gold Project in Alaska. The company reported a Q3 net loss of $732,303 and a nine‑month net loss of $3,326,457.

Liquidity improved after a March private placement, which raised $3,932,994 through the issuance of 8,192,031 shares at $0.4801. Cash and cash equivalents were $2,277,809 at September 30, 2025, up from $992,487 at year‑end. Shares outstanding were 207,885,473 as of October 31, 2025.

Operating expenses rose on higher mineral property activity, with year‑to‑date exploration and related costs of $1,165,757. The Board approved a $3.7 million 2025 work program focused on antimony metallurgy, environmental baseline work, and community engagement. Management states there is substantial doubt about the ability to continue as a going concern without additional financing, and notes contractual obligations for leases and fees totaling $4,808,412 over future years.

International Tower Hill Mines Ltd. (THM) reported condensed interim results for the quarter ended June 30, 2025. Total assets were $58.48 million, including $2.85 million in cash and $55.38 million recorded as mineral property. Cash increased from $992,487 at December 31, 2024, following a non-brokered private placement that raised approximately $3.93 million.

The company recorded a net loss of $1.93 million for the three months ended June 30, 2025 (six-month loss $2.59 million), driven by operating expenses including $801,909 of mineral property expenditures in the quarter and elevated share-based compensation charges. Working capital improved to $2.90 million. Management states the current cash resources are sufficient to fund the approved $3.7 million 2025 work program and anticipated corporate costs for at least the next 12 months, but the company has no revenue-generating operations and will require additional financing to continue development beyond its near-term plan.