International Tower Hill Mines Announces Pricing and Upsize of US$65 Million Public Offering of Common Shares and US$40 Million Concurrent Private Placement

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].