International Tower Hill Mines (THM) sees 4.9M-share buy by Paulson funds

Rhea-AI Filing Summary

International Tower Hill Mines Ltd. reported that investment funds managed by Paulson & Co. Inc., a more than 10% owner, made an open-market purchase of common shares. On April 16, 2026, the funds bought 4,913,665 common shares at $2.56 per share, held indirectly by managed funds. Following this transaction, the funds indirectly owned 104,486,703 common shares. The filing notes that all securities are owned by the funds and that Paulson & Co. and John Paulson may be deemed to indirectly beneficially own these securities under SEC rules, while expressly disclaiming beneficial ownership beyond what is attributed under those rules.

Insider Trade Summary

Net Buyer: 4,913,665 shares ($12,578,982)

Net Buy 1 txn

Insider PAULSON & CO. INC.

Role null

Bought 4,913,665 shs ($12.58M)

Type	Security	Shares	Price	Value
Purchase	Common Shares, no par value	4,913,665	$2.56	$12.58M

Holdings After Transaction: Common Shares, no par value — 104,486,703 shares (Indirect, By Managed Funds)

Footnotes (1)

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. 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

Key Figures

Shares purchased: 4,913,665 shares Purchase price: $2.56 per share Shares held after transaction: 104,486,703 shares +1 more

4 metrics

Shares purchased 4,913,665 shares Open-market purchase on April 16, 2026

Purchase price $2.56 per share Price for common shares bought on April 16, 2026

Shares held after transaction 104,486,703 shares Indirect holdings by managed funds following the purchase

Net buy shares 4,913,665 shares Net buy direction in transaction summary

Key Terms

open-market purchase, indirectly beneficially own, Rule 16a-1(a)(4), Section 16, +1 more

5 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

indirectly beneficially own regulatory

"Each of Paulson and John Paulson may be deemed to indirectly beneficially own the securities"

Rule 16a-1(a)(4) regulatory

"Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934"

Section 16 regulatory

"for purposes of Section 16 of the Act or otherwise"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

ten percent owner regulatory

""is_ten_percent_owner": 1"

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^*

PAULSON & CO. INC.

(Last) (First) (Middle)

15 EXCHANGE PLACE

(Street)

JERSEY CITY NEW JERSEY 07302

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/16/2026

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

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

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

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)	04/16/2026		P		4,913,665	A	$2.56	104,486,703	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	04/20/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Paulson & Co. report for INTERNATIONAL TOWER HILL MINES LTD (THM)?

Paulson-managed investment funds reported an open-market purchase of 4,913,665 common shares of INTERNATIONAL TOWER HILL MINES LTD at $2.56 per share. The transaction occurred on April 16, 2026, and increased the funds’ indirect ownership position disclosed in the filing.

How many International Tower Hill Mines (THM) shares do the Paulson-managed funds hold after this transaction?

After buying 4,913,665 common shares, the investment funds managed by Paulson & Co. Inc. indirectly hold 104,486,703 common shares of International Tower Hill Mines Ltd. These holdings are reported as being owned by the funds, with Paulson entities potentially deemed indirect beneficial owners.

Was the Paulson & Co. transaction in THM shares a purchase or sale?

The transaction was a purchase. The Form 4 describes it as an open-market purchase of 4,913,665 common shares at $2.56 per share, classified with transaction code “P,” which denotes a purchase in an open market or private transaction under SEC reporting rules.

Who is considered the owner of the THM shares reported in Paulson & Co.’s Form 4?

All reported International Tower Hill Mines shares are owned by the investment funds managed by Paulson & Co. Inc. The filing states that Paulson and John Paulson may be deemed to indirectly beneficially own these securities, while expressly disclaiming beneficial ownership beyond what SEC rules attribute.

How is Paulson & Co.’s ownership in THM categorized in the Form 4 filing?

The ownership is categorized as indirect, described as “By Managed Funds.” Paulson & Co. is the investment manager of the funds that directly own the shares. The filing notes potential indirect beneficial ownership by Paulson and John Paulson under Rule 16a-1(a)(4) of the Exchange Act.