International Tower Hill Mines (THM) major Electrum holdings detailed

Rhea-AI Filing Summary

Electrum Global Holdings L.P. and TEG Global GP Ltd., as 10% owners of International Tower Hill Mines Ltd., filed an initial Form 3 reporting their beneficial holdings of the company’s common shares.

The filing shows 3,153,153 common shares owned directly by Electrum Global Holdings L.P. and an additional 28,765,672 common shares held indirectly through Electrum Strategic Opportunities Fund II L.P.. The reporting persons state that they may be deemed to beneficially own these shares but expressly disclaim beneficial ownership except to the extent of any pecuniary interest.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

ELECTRUM GLOBAL HOLDINGS L.P.

(Last) (First) (Middle)

600 FIFTH AVENUE, 24TH FLOOR

(Street)

NEW YORK NY 10020

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/27/2026

3. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL TOWER HILL MINES LTD [ THM ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	3,153,153	D(1)
Common Shares	28,765,672	I(2)	By Electrum Strategic Opportunities Fund II L.P.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

ELECTRUM GLOBAL HOLDINGS L.P.

(Last) (First) (Middle)

600 FIFTH AVENUE, 24TH FLOOR

(Street)

NEW YORK NY 10020

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

TEG Global GP Ltd.

(Last) (First) (Middle)

600 FIFTH AVENUE, 24TH FLOOR

(Street)

NEW YORK NY 10020

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. These securities are owned directly by Electrum Global Holdings L.P. ("Global Holdco"). TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG Services") acts as an investment advisor to Global Holdco. As a result, TEG Global and TEG Services may be deemed to beneficially own the Issuer's common shares held by Global Holdco. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

2. These securities are owned directly by Electrum Strategic Opportunities Fund II L.P. ("ESOF II"). The general partner of ESOF II is Electrum Strategic Opportunities Fund II GP L.P. ("ESOF II GP L.P."), and the general partner of ESOF II GP L.P. is ESOF II GP Ltd. ("ESOF II GP"). TEG Services acts as an investment advisor to ESOF II. ESOF II GP is wholly owned by Global Holdco. TEG Global is the general partner of Global Holdco. As a result, ESOF II GP L.P., ESOF II GP, TEG Services, Global Holdco and TEG Global may be deemed to beneficially own the Issuer's common shares held by ESOF II. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

	Electrum Global Holdings L.P., By: TEG Global GP Ltd., its general partner, By: /s/ Andrew M. Shapiro, Name/Title: Andrew M. Shapiro, Director	01/29/2026
	TEG Global GP Ltd., By: /s/ Andrew M. Shapiro, Name/Title: Andrew M. Shapiro, Director	01/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What does this Form 3 for THM disclose about insider holdings?

This Form 3 discloses the initial beneficial ownership of International Tower Hill Mines Ltd. (THM) common shares by entities affiliated with Electrum. It lists both directly and indirectly held shares and clarifies that the reporting persons may be deemed beneficial owners but disclaim ownership beyond their pecuniary interests.

How many THM shares does Electrum Global Holdings L.P. report owning?

Electrum Global Holdings L.P. reports direct beneficial ownership of 3,153,153 common shares of International Tower Hill Mines Ltd. These shares are shown as directly held, and the filing identifies Electrum Global Holdings L.P. as a 10% owner in relation to the issuer.

What indirect THM ownership is reported through Electrum Strategic Opportunities Fund II L.P.?

The filing reports 28,765,672 common shares of International Tower Hill Mines Ltd. held indirectly through Electrum Strategic Opportunities Fund II L.P.. The structure involves multiple general partners and advisory entities that may be deemed to beneficially own these shares, subject to pecuniary-interest-based disclaimers.

Who are the reporting persons on this International Tower Hill Mines Form 3?

The reporting persons are Electrum Global Holdings L.P. and TEG Global GP Ltd., each identified as a 10% owner of International Tower Hill Mines Ltd. They report beneficial ownership tied to direct holdings and indirect interests through Electrum-affiliated investment funds and entities.

What does it mean that beneficial ownership is disclaimed in this THM filing?

The filing states that each reporting person disclaims beneficial ownership of the reported common shares, except to the extent of its pecuniary interest. This means they do not admit full beneficial ownership under Section 16, despite being part of the ownership and control structure.