INTERNATIONAL TOWER HILL MINES LTD
38.10%
99,573,038
1134115
46050R102
Jan 27, 2026
Jan 30, 2026, 05:01 PM
Reporting Persons (1)
| Name | Type | % of Class | Aggregate | Sole Voting | Shared Voting |
|---|---|---|---|---|---|
| PAULSON & CO. INC. | Investment Adviser | 38.10% | 99,573,038 | 99,573,038 | 0 |
Disclosure Items (5)
Common Shares, no par value
INTERNATIONAL TOWER HILL MINES LTD
200 BURRARD STREET, VANCOUVER, A1, V6C 3L6
Item 3 is hereby amended to add the following: The consideration for the purchase of 9,813,650 Common Shares on January 28, 2026 reported herein by the Reporting Person was derived from available capital of the Funds managed by Paulson, and a total of approximately $21.7 million was paid to acquire such securities. The consideration for purchase of 1,501,982 Common Shares on January 29, 2026 reported herein by the Reporting Person was derived from available capital of the Funds managed by Paulson, and a total of approximately $3.3 million was paid to acquire such securities.
The aggregate percentage of Common Stock reported owned by the Reporting Person is based upon 261,077,473 shares of Common Stock issued and outstanding, as reported by the Issuer to be outstanding after the closing of the Public Offering and Concurrent Placement pursuant to (i) the Issuer's Prospectus Supplement filed with the SEC on January 26, 2026 and (ii) the issuance by the Issuer of the Additional Shares pursuant to the Upsize Subscription Agreement as described in the Issuer's Current Report on Form 8-K filed with SEC on January 27, 2026. As of the date hereof, the Reporting Person may be deemed to have beneficially owned approximately 38.1% of the outstanding Common Stock.
Number of shares of Common Stock as to which Paulson has: (i) Sole power to vote or direct the vote: 99,573,038 (see Note 1). (ii) Shared power to vote or direct the vote: 0 (iii) Sole power to dispose or direct the disposition: 99,573,038 (see Note 1). (iv) Shared power to dispose or direct the disposition: 0
On January 28, 2026, the Reporting Person acquired in a block trade, 9,813,650 shares of Common Stock at a price of $2.22 per share. On January 29, 2026, the Reporting Person acquired from the Issuer, in a private placement, 1,501,982 shares of Common Stock at a price of $2.22 per share.
See Note 1. Note 1: Paulson furnishes investment advice to and manages the Funds. In its role as investment advisor, or manager, as the case may be, Paulson possesses voting and investment power over the securities of the Issuer described in this Schedule 13D that are owned by the Funds. The pecuniary interest of all securities reported in this Schedule is owned by the Funds. Except for the purpose of determining beneficial ownership under Section 13(d) of the Securities Exchange Act of 1934, as amended, Paulson disclaims beneficial ownership of all securities reported in this Schedule 13D. For reporting purposes, the aggregate amount of Common Stock deemed to be beneficially owned by the Reporting Person is calculated based on an aggregate of 99,573,038 shares of Common Stock beneficially held by the Reporting Person as of the date hereof.
Not applicable.
Item 6 is hereby amended to add the following: All closing conditions under the Upsize Subscription Agreement, including receipt of approval from all applicable stock exchanges, were satisfied and on January 29, 2026, the Issuer issued the Additional Shares to the Reporting Person.