VANCOUVER, BC, Jan. 27, 2026 /PRNewswire/ - International Tower Hill Mines Ltd. (the "Company") - (TSX: ITH) (NYSE American: THM) today announced that it has closed its previously announced upsized public offering (the "Offering") of 33,672,000 common shares, no par value, of the Company (the "Common Shares"), which includes 4,392,000 Common Shares issued pursuant to the full exercise by the Underwriters (as defined below) of their option to purchase additional Common Shares. The Offering was priced at a p ...

Core Viewpoint - International Tower Hill Mines Ltd. has announced a public offering of 29,280,000 common shares at a price of US$2.22 per share, aiming to raise approximately US$105 million in gross proceeds to fund the Livengood Gold Project [1][2][3]. Group 1: Offering Details - The public offering is priced at US$2.22 per common share, with Paulson & Co. Inc. committing to purchase US$40 million in a concurrent private placement at the same price [1][2]. - The total gross proceeds from both the offering and the concurrent private placement are expected to be around US$105 million before expenses [2]. - The underwriters have an option to purchase an additional 4,392,000 common shares, which could increase total gross proceeds to approximately US$115 million if exercised [5]. Group 2: Use of Proceeds - The net proceeds from the offering and the concurrent private placement will be utilized for exploration and development of the Livengood Gold Project, including various studies and community engagement efforts [3]. Group 3: Underwriters and Closing - BMO Capital Markets is the lead book-running manager for the offering, with several other banks acting as book-running managers [4]. - The offering is expected to close around January 27, 2026, and is not contingent upon the completion of the concurrent private placement [5][7]. Group 4: Company Background - International Tower Hill Mines Ltd. holds a 100% interest in the Livengood Gold Project, located 70 miles north of Fairbanks, Alaska [11].

Core Viewpoint - International Tower Hill Mines Ltd. is launching a $60 million public offering of common shares to fund the exploration and development of the Livengood Gold Project [1][2] Group 1: Offering Details - The public offering consists of $60 million in common shares, with Paulson & Co. Inc. agreeing to purchase $40 million in a concurrent private placement at the public offering price [1] - The underwriters, led by BMO Capital Markets, have an option to purchase additional common shares representing up to 15% of the offering, potentially increasing total gross proceeds to approximately $109 million if fully exercised [4] - The offering is being conducted under the Company's effective shelf registration statement with the SEC, and will also be available in Canada and offshore jurisdictions [6] Group 2: Use of Proceeds - The net proceeds from the offering and the concurrent private placement will be allocated to various activities related to the Livengood Gold Project, including drilling, feasibility studies, and community engagement [2] Group 3: Company Background - International Tower Hill Mines Ltd. holds a 100% interest in the Livengood Gold Project, located 70 miles north of Fairbanks, Alaska [11]

Core Viewpoint - International Tower Hill Mines is focused on advancing its Livengood gold project in Alaska, with significant institutional investment activity indicating growing interest in the company [2][3]. Group 1: Stock Performance - The company's stock has a market capitalization of $440.72 million, a price-to-earnings ratio of -106.00, and a beta of 0.71 [1]. - The 50-day moving average is $1.84, while the 200-day moving average is $1.58 [1]. - The stock price was down 1.9% during recent trading, with a last traded price of $2.12 and a decline in trading volume by 16% from the average daily volume [6]. Group 2: Institutional Inflows and Outflows - Citadel Advisors LLC increased its holdings by 1,238.5% in Q3, now owning 219,307 shares valued at $360,000 after acquiring an additional 202,922 shares [2]. - CWA Asset Management Group LLC grew its position by 27.1% in Q4, now holding 128,635 shares worth $239,000 after purchasing an additional 27,394 shares [2]. - Connor Clark & Lunn Investment Management Ltd. increased its position by 589.1% in Q2, now owning 120,600 shares valued at $104,000 after acquiring an additional 103,100 shares [2]. - Hedge funds and institutional investors collectively own 54.63% of the company's stock [2]. Group 3: Company Profile - International Tower Hill Mines Ltd. is a mineral exploration and development company headquartered in Vancouver, Canada, primarily focused on the Livengood gold project in Alaska [3]. - The Livengood project, located approximately 70 miles northwest of Fairbanks, has been the company's focal point since acquiring the property in 2011 [4].

Group 1 - International Tower Hill Mines Ltd. (THM) is a Canadian development stage miner with a significant asset, the Livengood Gold Project [1] - The company currently has no revenues and is years away from commercialization, meaning investors do not have any cash flows to reward them [1]

Core Points - International Tower Hill Mines Ltd. has filed its unaudited third quarter Financial Statements and associated Management Discussion and Analysis for the three- and nine-month period ended September 30, 2025 [1] - The Company has a 100% interest in the Livengood Gold Project located 70 miles north of Fairbanks, Alaska [3] Financial Information - The unaudited third quarter Financial Statements and associated Management Discussion and Analysis can be accessed by shareholders on SEDAR+, EDGAR, and the Company's website [2] Company Overview - International Tower Hill Mines Ltd. is listed on TSX under the ticker ITH and on NYSE American under THM [1][3]

Financial Performance - The net loss for the nine months ended September 30, 2025, was $3,326,457, compared to a net loss of $2,644,525 for the same period in 2024, indicating an increase in loss of about 26%[18]. - The comprehensive loss for the nine months ended September 30, 2025, was $3,153,186, compared to $2,690,565 in 2024, indicating an increase of about 17%[15]. - The Company reported a net loss of $732,303 for the three months ended September 30, 2025, compared to a net loss of $667,302 for the same period in 2024, indicating a year-over-year increase in losses[62]. - The Company expects to operate at a loss for the foreseeable future and will require additional financing to cover anticipated general and administrative costs[80]. Assets and Liabilities - As of September 30, 2025, total assets increased to $57,859,441 from $56,519,769 as of December 31, 2024, representing a growth of approximately 2.4%[14]. - Total liabilities increased to $300,438 from $177,477, reflecting a rise of approximately 69%[14]. - Shareholders' equity increased to $57,559,003 as of September 30, 2025, from $56,342,292 at the end of 2024, representing a growth of about 2.2%[14]. - The Company had a working capital of $2,176,414 as of September 30, 2025, compared to $959,703 at December 31, 2024, indicating improved liquidity[79]. Cash and Cash Equivalents - Cash and cash equivalents rose significantly to $2,277,809, up from $992,487, marking an increase of approximately 129%[18]. - As of September 30, 2025, the company had cash and cash equivalents of $2,277,809, an increase from $992,487 at December 31, 2024, indicating a significant improvement in liquidity[22]. Share Issuance and Compensation - The company issued 8,192,031 shares during the nine months ended September 30, 2025, raising $3,932,994 in share capital[17]. - The company issued 8,192,031 common shares during the nine months ended September 30, 2025, raising $3,932,994 through a non-brokered private placement at a price of $0.4801 per share[42]. - Stock-based compensation for options and DSUs totaled $558,807 for the nine months ended September 30, 2025, compared to $376,869 in 2024, reflecting an increase of approximately 48%[18]. - Share-based payment charges for the nine months ended September 30, 2025, totaled $558,807, an increase of $181,938 compared to $376,869 for the same period in 2024[73]. Mineral Property Activities - The total expenditures for mineral property activities for the nine months ended September 30, 2025 amounted to $1,165,757, compared to $878,456 for the same period in 2024, reflecting a year-over-year increase of approximately 32.7%[32]. - The company has a 100% interest in the Livengood Gold Project, with mineral property costs remaining unchanged at $55,375,124 as of September 30, 2025[30]. - The Livengood Gold Project has proven and probable reserves of 430.1 million tonnes at an average grade of 0.65 g/tonne, equating to approximately 9.0 million ounces of gold[57]. - Mineral property expenditures increased to $215,361 for the three months ended September 30, 2025, up from $119,401 in the same period of 2024, reflecting a rise of approximately 80.5%[63]. Financing and Future Operations - The company anticipates needing significant additional financing to continue operations and advance activities at the Livengood Gold Project, with substantial doubt about its ability to continue as a going concern[24]. - The Company anticipates expenditures of approximately $3.7 million for the year ending December 31, 2025, to be funded from cash on hand[84]. - The company is exploring strategic alliances to assist in further development and financing, although there is no assurance that such alliances will be realized[23]. Internal Controls and Compliance - As of September 30, 2025, the Company's disclosure controls and procedures were deemed effective by the Chief Executive Officer and Chief Financial Officer[88]. - There were no changes in internal control over financial reporting during the quarter ended September 30, 2025, that materially affected the Company's internal control[90]. - The Company and its subsidiaries were not subject to regulation by MSHA under the Mine Act during the nine months ended September 30, 2025[96]. Other Financial Information - The average exchange rate during the three months ended September 30, 2025, was C$1 to $0.7261, compared to C$1 to $0.7332 during the same period in 2024, reflecting a slight strengthening of the U.S. dollar[69]. - The company has unrecognized compensation expense of C$282,780 related to non-vested options, expected to be recognized over approximately 1.2 years[46]. - The weighted average remaining life of options outstanding at September 30, 2025, was 2.0 years[44]. - The expected life of options is 6 years, with an annualized volatility of 78.48% as of September 30, 2025[53]. - The company has contractual obligations totaling $4,808,412 related to mineral property payments due by year, including $165,790 in 2025[55]. - The company has paid a total of $610,457 in minimum royalties related to the Alaska Mental Health Trust lease during the nine months ended September 30, 2025[34]. - As of September 30, 2025, the company had 3,455,000 stock options outstanding with a weighted average exercise price of C$0.79, representing an intrinsic value of C$5,150,800[44]. - During the nine months ended September 30, 2025, the company granted 240,000 stock options and 332,000 Deferred Share Units (DSUs), with total share-based payment compensation amounting to $558,807[51]. - The company has no revenue-generating operations, which limits its ability to internally generate funds[22]. - No director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" during the three months ended September 30, 2025[97]. - The Company has been classified as a "passive foreign investment company" (PFIC) for U.S. federal income tax purposes and expects to maintain this status in the future[87].

Core Viewpoint - International Tower Hill Mines Ltd. has announced positive results from the first phase of the metallurgical study on antimony mineralization at the Livengood Gold Project, indicating potential for further exploration and development [1][4]. Company Overview - International Tower Hill Mines Ltd. holds a 100% interest in the Livengood Gold Project, located 70 miles north of Fairbanks, Alaska, along the paved Elliott Highway [7]. Technical Report Summary - The most recent S-K 1300 Technical Report Summary, amended on October 13, 2023, introduced a new geological model for the Livengood deposit, detailing a gold reserve of 9.0 million ounces within a measured and indicated resource of 13.6 million ounces [2]. - The report projected a gold production of 6.4 million ounces over 21 years, but did not include metallurgical studies on the recoverability of antimony from the stibnite veins at that time [2]. Metallurgical Study Results - Following the March 4, 2025 announcement, the company compiled four metallurgical composites from individual veins and sent them to Advanced Mineral Technology Laboratory Ltd. for antimony deportment work [3]. - The assays indicated that antimony is primarily carried by stibnite, with most stibnite being of a floatable size (>10 micron), and liberation of stibnite is effective at a grind size of p80 250 micron, suggesting good potential for flotation [3]. Next Steps - The results from the metallurgical study justify moving into the next phase of testing to evaluate potential flowsheets and flotation responses, with plans to commence this work immediately at SGS Vancouver and SGS Lakefield [4].

Core Viewpoint - International Tower Hill Mines Ltd. has filed its unaudited second quarter financial statements and associated reports for the period ending June 30, 2025 [1] Company Information - International Tower Hill Mines Ltd. holds a 100% interest in the Livengood Gold Project, located 70 miles north of Fairbanks, Alaska, along the paved Elliott Highway [3]

Financial Performance - Net loss for the three months ended June 30, 2025, was $1.93 million, compared to a loss of $1.43 million for the same period in 2024, indicating a decline of about 35%[16] - The company reported a comprehensive loss of $1.73 million for the three months ended June 30, 2025, compared to a loss of $1.48 million in 2024, an increase of approximately 17%[16] - The company reported a loss of $2,594,154 for the six months ended June 30, 2025, compared to a loss of $1,977,223 for the same period in 2024, representing an increase in loss of approximately 31.2%[19] - The Company reported a net loss of $1,925,086 for the three months ended June 30, 2025, compared to a net loss of $1,431,915 for the same period in 2024, representing an increase of approximately 34.5% in losses year-over-year[63] - For the six months ended June 30, 2025, the net loss was $2,594,154, up from $1,977,223 in the same period of 2024, indicating a year-over-year increase of about 31.2%[72] Assets and Liabilities - Total assets increased to $58.48 million as of June 30, 2025, compared to $56.52 million at December 31, 2024, reflecting a growth of approximately 3%[15] - Total liabilities increased to $191,816 from $177,477, representing an increase of approximately 8%[15] - Shareholders' equity increased to $58.29 million as of June 30, 2025, from $56.34 million at December 31, 2024, an increase of about 3%[15] - Working capital increased to $2,902,972 as of June 30, 2025, compared to $959,703 at December 31, 2024, reflecting improved liquidity[83] Cash and Cash Equivalents - Cash and cash equivalents rose significantly to $2.85 million from $0.99 million, marking an increase of about 187%[15] - Cash and cash equivalents at the end of the period were $2,845,065, up from $992,487 at December 31, 2024, indicating a significant increase of 187.5%[23] - As of June 30, 2025, cash and cash equivalents were $2,845,065, a substantial increase of approximately $1.9 million from $992,487 at December 31, 2024, primarily due to net financing activities[80] Share Issuance and Capital - The company issued 8,192,031 shares, raising $3.93 million in share capital during the first half of 2025[18] - The company raised $3,932,994 through share issuance during the six months ended June 30, 2025, compared to $2,528,453 in the same period of 2024, reflecting a growth of 55.5%[19] - The Company completed a private placement on March 4, 2025, raising gross proceeds of approximately $3.9 million by issuing 8,192,031 common shares at a price of $0.4801 per share[59] - The company issued 8,192,031 common shares in a non-brokered private placement, raising $3,932,994 at a price of $0.4801 per share during the six months ended June 30, 2025[42] Expenditures - Total operating expenses for the six months ended June 30, 2025, were $2.43 million, up from $2.10 million in 2024, reflecting an increase of approximately 16%[16] - Total expenditures for mineral property activities for the six months ended June 30, 2025, were $950,396, an increase of 25.2% from $759,055 in the same period of 2024[33] - Mineral property expenditures increased to $801,909 for the three months ended June 30, 2025, from $628,951 in the same period of 2024, reflecting a rise of approximately 27.5%[64] - The 2025 budget approved by the Board is $3.7 million, aimed at advancing the Livengood Gold Project, which includes metallurgical studies and environmental data collection[60] Project Focus - The company has a 100% interest in the Livengood Gold Project, which remains its primary focus for future development[22] - The Livengood Gold Project has proven and probable reserves of 430.1 million tonnes at an average grade of 0.65 g/tonne, equating to approximately 9.0 million ounces of gold[58] - The company has paid $610,457 in royalties related to the Livengood Gold Project during the six months ended June 30, 2025[35] - The company is required to pay an additional sum of $250,000 upon making a positive production decision, recoverable from production royalties[41] Financial Outlook - The company has no revenue-generating operations and will require significant additional financing to continue its operations and advance activities at the Livengood Gold Project[24] - Management believes the company has sufficient financial resources to maintain operations for the next twelve months as of August 7, 2025[25] - The Company expects to operate at a loss for the foreseeable future but believes current cash reserves will cover anticipated costs for at least the next 12 months[83] - The Company will require significant additional financing to continue operations and advance activities at the Livengood Gold Project[84] Stock Options and Compensation - As of June 30, 2025, the company has 3,642,232 stock options outstanding with a weighted average exercise price of C$0.79 and an intrinsic value of C$1,428,464[44] - The company granted 240,000 stock options and 332,000 Deferred Share Units (DSUs) during the six months ended June 30, 2025, with total share-based payment compensation amounting to $509,981[52] - The company has a total of 3,476,102 DSUs outstanding as of June 30, 2025, with a weighted average exercise price of C$0.88[51] - The weighted average remaining life of options outstanding at June 30, 2025, was 2.1 years[44] - The company has a remaining unrecognized compensation expense of C$350,024 related to non-vested options, expected to be recognized over approximately 1.4 years[47] - Share-based payment charges increased to $446,400 for the three months ended June 30, 2025, from $345,523 in the same period of 2024, marking an increase of approximately 29.1%[70] - Share-based payment charges increased to $509,981 for the six months ended June 30, 2025, up from $359,333 in the same period of 2024, representing a rise of approximately 41.9%[77] Other Financial Information - The Company incurred a foreign exchange loss of $190,324 during the three months ended June 30, 2025, compared to a gain of $26,031 in the same period of 2024[71] - The Company reported a total other expense of $168,365 for the six months ended June 30, 2025, compared to total other income of $121,809 in the same period of 2024, indicating a significant shift in financial performance[78] - There were no cash flows from investing activities during the six months ended June 30, 2025, and June 30, 2024, indicating a lack of investment activity[82] - The average exchange rate during the six months ended June 30, 2025, was C$1 to $0.7098, compared to C$1 to $0.7361 in the same period of 2024, reflecting a change in foreign exchange conditions[78]