Paulson funds buy 18,018,018 International Tower Hill shares

Paulson & Co. Inc., as a 10% owner of International Tower Hill Mines Ltd., reported that investment funds it manages bought 18,018,018 common shares with no par value on January 27, 2026 at a price of $2.22 per share.

Rhea-AI Filing Summary

Paulson & Co. Inc., as a 10% owner of International Tower Hill Mines Ltd., reported that investment funds it manages bought 18,018,018 common shares with no par value on January 27, 2026 at a price of $2.22 per share.

After this purchase, the funds indirectly beneficially owned 88,257,406 common shares, reported as held indirectly "By Managed Funds." Paulson is the investment manager to these funds, and John Paulson is Paulson’s controlling person. The filing states it should not be deemed an admission of beneficial ownership by any reporting person.

Insider Trade Summary

Net Buyer: 18,018,018 shares

Net Buy 1 txn

Insider PAULSON & CO. INC.

Role 10% Owner

Bought 18,018,018 shs ($40.00M)

Type	Security	Shares	Price	Value
Purchase	Common Shares, no par value	18,018,018	$2.22	$40.00M

Holdings After Transaction: Common Shares, no par value — 88,257,406 shares (Indirect, By Managed Funds)

Footnotes (2)

1. F1. Paulson & Co. Inc. ("Paulson") is the investment manager of investment funds (the "Funds"). John Paulson is the controlling person of Paulson. All securities reported on this Form 4 are owned by the Funds.
2. F2. Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form 4.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Paulson & Co. Inc. report for THM?

Paulson-managed funds purchased 18,018,018 THM common shares. The buy occurred on January 27, 2026 at a price of $2.22 per share, increasing the funds’ indirectly reported beneficial ownership to 88,257,406 common shares held through managed funds.

Who actually owns the International Tower Hill Mines (THM) shares in this Form 4?

The shares are owned by investment funds managed by Paulson & Co. Inc. The filing explains that all reported securities belong to the funds, with Paulson acting as investment manager and John Paulson as controlling person of Paulson.

How many International Tower Hill (THM) shares are reported after the transaction?

The Form 4 reports 88,257,406 THM common shares indirectly owned. This figure reflects the position held by the managed funds after purchasing 18,018,018 additional common shares at $2.22 each on January 27, 2026.

Does Paulson & Co. Inc. admit beneficial ownership of the THM shares?

The filing includes a disclaimer of beneficial ownership. It states that Paulson and John Paulson may be deemed to indirectly beneficially own the funds’ shares but that the Form 4 should not be deemed an admission of beneficial ownership by any reporting person.

Is the THM insider position held directly by Paulson & Co. Inc.?

No, the position is reported as indirect ownership. The 88,257,406 common shares are listed as indirectly owned "By Managed Funds," reflecting that the investment funds, not Paulson & Co. Inc. itself, directly hold the International Tower Hill Mines shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/27/2026 - 06:23 PM Learn about SEC filing dates

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^*

PAULSON & CO. INC.

(Last) (First) (Middle)

15 EXCHANGE PLACE

(Street)

JERSEY CITY NJ 07302

(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)

X	Form filed by One Reporting Person
	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, no par value(1)(2)	01/27/2026		P		18,018,018	A	$2.22	88,257,406	I(1)(2)	By Managed Funds

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

Explanation of Responses:

1. Paulson & Co. Inc. ("Paulson") is the investment manager of investment funds (the "Funds"). John Paulson is the controlling person of Paulson. All securities reported on this Form 4 are owned by the Funds.

2. Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities directly owned by the Funds. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 4 shall not be deemed an admission by any person reporting on this Form 4 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities covered by this Form 4.

	/s/ Stuart L. Merzer Stuart L. Merzer, General Counsel & Chief Compliance Officer	01/27/2026
	** 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.