SCHEDULE: Paulson & Co. Boosts Stake in International Tower Hill Mines

Paulson & Co. Inc. increased its beneficial ownership in International Tower Hill Mines Ltd. to 38.1% through recent share acquisitions totaling approximately $25 million.

Summary

• Paulson & Co. Inc. (the "Reporting Person") acquired an additional 11,315,632 Common Shares of International Tower Hill Mines Ltd.
• The acquisitions occurred on January 28, 2026, and January 29, 2026.
• On January 28, 2026, 9,813,650 shares were acquired in a block trade at $2.22 per share, totaling approximately $21.7 million.
• On January 29, 2026, 1,501,982 shares were acquired from the Issuer in a private placement at $2.22 per share, totaling approximately $3.3 million.
• Following these transactions, Paulson & Co. Inc. beneficially owns 99,573,038 Common Shares, representing approximately 38.1% of the outstanding Common Stock.
• The total outstanding Common Stock is reported as 261,077,473 shares, based on the Issuer's filings related to a Public Offering and Concurrent Placement and the Upsize Subscription Agreement.
• Funds for the purchases were derived from available capital of the Funds managed by Paulson.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development. The increased stake by a sophisticated investor like Paulson & Co. Inc. suggests strong conviction in the company's value, although the filing itself is purely a disclosure of ownership change rather than operational news.

Positives

• Paulson & Co. Inc., a significant institutional investor, increased its stake, signaling continued confidence in International Tower Hill Mines Ltd.
• The acquisition of shares in a private placement indicates direct investment into the company, providing capital to the Issuer.

Future Outlook

This filing does not contain specific forward-looking statements or guidance from the Issuer or Reporting Person regarding future operations or financial performance.

Industry Context

StockSavvy.ai notes that increased ownership by a prominent institutional investor like Paulson & Co. Inc. in a mining company often signals a strong belief in the company's long-term prospects, potentially related to specific projects or commodity price outlooks. This move could be interpreted as a vote of confidence in International Tower Hill Mines Ltd.'s assets and management strategy within the broader mining sector.

Stakeholder Impact

• Shareholders: Increased institutional ownership may provide stability and a positive signal to other investors.
• Company: The private placement component provided capital to the Issuer, which can be used for operations or project development.

Key Dates

Recommendation

A seasoned investor would likely view Paulson & Co.'s increased stake as a strong signal of confidence in International Tower Hill Mines Ltd.'s long-term value proposition. While this filing alone doesn't provide operational or financial performance data to warrant an immediate 'buy' recommendation, the significant commitment from a major investor suggests underlying positive fundamentals. Therefore, a 'hold' recommendation is appropriate, encouraging existing investors to maintain their position and potential investors to conduct further due diligence, considering this strong endorsement.

Keywords

International Tower Hill Mines, Paulson & Co., Schedule 13D, Beneficial Ownership, Share Acquisition, Mining, Investment, Private Placement, Common Shares