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Electrum Global lifts stake in International Tower Hill (THM) with 3.15M-share buy

Filing Impact
(Very High)
Filing Sentiment
(Very Positive)
Form Type
4

Rhea-AI Filing Summary

Electrum Global Holdings L.P., a 10% owner of International Tower Hill Mines Ltd. (THM), reported buying 3,153,153 common shares on January 27, 2026 at $2.22 per share. After this purchase, Electrum Global directly holds 3,153,153 common shares.

The filing also shows an additional 28,765,672 common shares held indirectly by Electrum Strategic Opportunities Fund II L.P.. Related Electrum entities may be deemed to beneficially own these positions, while each reporting person disclaims beneficial ownership beyond any pecuniary interest.

Positive

  • None.

Negative

  • None.
Insider ELECTRUM GLOBAL HOLDINGS L.P., TEG Global GP Ltd., Electrum Strategic Opportunities Fund II L.P., Electrum Strategic Opportunities Fund II GP L.P., ESOF II GP Ltd., Electrum Group LLC
Role 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought 3,153,153 shs ($7.00M)
Type Security Shares Price Value
Purchase Common Shares 3,153,153 $2.22 $7.00M
holding Common Shares -- -- --
Holdings After Transaction: Common Shares — 3,153,153 shares (Direct); Common Shares — 28,765,672 shares (Indirect, By Electrum Strategic Opportunities Fund II L.P.)
Footnotes (1)
  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. 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
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. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL TOWER HILL MINES LTD [ THM ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 01/27/2026 P 3,153,153 A $2.22 3,153,153 D(1)
Common Shares 28,765,672 I(2) By Electrum Strategic Opportunities Fund II L.P.
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) 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)
1. Name and Address of Reporting Person*
Electrum Strategic Opportunities Fund II 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*
Electrum Strategic Opportunities Fund II GP 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*
ESOF II 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)
1. Name and Address of Reporting Person*
Electrum Group LLC
(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
Electrum Strategic Opportunities Fund II L.P., By: Electrum Strategic Opportunities Fund II GP L.P., its general partner, By: ESOF II GP Ltd., its general partner, By: /s/ Michael H. Williams, Director, Name/Title: Michael H. Williams, Director 01/29/2026
Electrum Strategic Opportunities Fund II GP L.P., By: ESOF II GP Ltd., its general partner, By: /s/ Michael H. Williams, Name/Title: Michael H. Williams, Director 01/29/2026
ESOF II GP Ltd., By: /s/ Michael H. Williams, Name/Title: Michael H. Williams, Director 01/29/2026
The Electrum Group LLC, By: /s/ Michael H. Williams, Name/Title: Michael H. Williams, Senior Managing 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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Electrum report for International Tower Hill Mines (THM)?

Electrum Global Holdings L.P. reported purchasing 3,153,153 common shares of International Tower Hill Mines on January 27, 2026 at $2.22 per share. This transaction increased Electrum Global’s directly held position in THM common shares to 3,153,153 following the trade.

Who is the reporting owner in this THM Form 4 filing and what is their status?

The primary reporting owner is Electrum Global Holdings L.P., listed as a 10% owner of International Tower Hill Mines. Several related Electrum entities are also reporting persons, reflecting their roles as general partners or investment advisor to the entities holding THM shares.

At what price were the THM shares purchased in the Electrum Form 4 filing?

The reported purchase price was $2.22 per common share of International Tower Hill Mines. Electrum Global acquired 3,153,153 shares at this price, according to the Form 4 transaction table dated January 27, 2026, classified under transaction code “P” for a purchase.

How many International Tower Hill Mines (THM) shares does Electrum Global hold after the transaction?

After the reported transaction, Electrum Global Holdings L.P. directly holds 3,153,153 common shares of International Tower Hill Mines. This figure comes from the “Amount of Securities Beneficially Owned Following Reported Transaction(s)” column for the direct ownership line in Table I of the Form 4.

What indirect THM holdings are disclosed for Electrum-affiliated entities?

The filing discloses 28,765,672 common shares of International Tower Hill Mines held indirectly by Electrum Strategic Opportunities Fund II L.P.. The footnotes explain the chain of general partners and advisor roles through which various Electrum entities may be deemed to beneficially own these shares.

Do the Electrum entities claim full beneficial ownership of all reported THM shares?

The Electrum entities explicitly disclaim beneficial ownership of the reported THM securities except to the extent of any pecuniary interest. The footnotes state that the Form 4 should not be deemed an admission of beneficial ownership for Section 16 or any other purpose.