Business
International Tower Hill Mines Announces US$60 Million Offering of Common Shares and Concurrent US$40 Million Private Placement
International Tower Hill Mines Ltd. (the "Company") - (TSX: ITH) (NYSE American: THM) today announced the launch of a $60 million public offering of common shares, without par value, of the Company (the "Common Shares") in the United States (the "Offering"). In connection with the Offering, Paulson & Co. Inc. has entered into an agreement to purchase $40 million of Common Shares in a private placement (the "Concurrent Private Placement") at the public offering price of the Offering.
About this update from International Tower Hill Mines Ltd.
[{"type":"text","content":"VANCOUVER, BC, Jan. 22, 2026 /CNW/ - International Tower Hill Mines Ltd. (the "Company") - (TSX: ITH) (NYSE American: THM) today announced the launch of a $60 million public offering of common shares, without par value, of the Company (the "Common Shares") in the United States (the "Offering"). In connection with the Offering, Paulson & Co. Inc. has entered into an agreement to purchase $40 million of Common Shares in a private placement (the "Concurrent Private Placement") at the public offering price of the Offering.","length":568,"tagName":"p"},{"type":"text","content":"The Company expects to use the net proceeds of the Offering and the Concurrent Private Placement to fund the exploration and development of the Livengood Gold Project, including drilling, metallurgical studies, feasibility studies, technical studies, baseline environmental studies, detailed engineering in support of permitting, permitting, legal support, community engagement, mineral lease and land payments, acquisitions and general corporate purposes.","length":456,"tagName":"p"},{"type":"text","content":"The Common Shares will be offered by the Company with BMO Capital Markets acting as lead book-running manager (the "Underwriter").","length":140,"tagName":"p"},{"type":"text","content":"In connection with the Offering, an underwriting agreement will be entered into by and between International Tower Hill Mines and BMO Capital Markets as representative of the several Underwriters.","length":196,"tagName":"p"},{"type":"text","content":"International Tower Hill Mines has also granted the Underwriters an option (the "Option") to purchase additional Common Shares representing up to 15% of the number of Common Shares to be sold pursuant to the Offering. The Underwriters have 30 days from the closing of the Offering to exercise the Option. In connection with the Offering, an underwriting agreement will be entered into by and between International Tower Hill Mines and BMO Capital Markets as representative of the several Underwriters. In the event that the Option is exercised in full, the aggregate gross proceeds of the Offering and the Concurrent Private Placement will be approximately $109 million.","length":680,"tagName":"p"},{"type":"text","content":"Closing of the Offering will be subject to a numbe...