SCHEDULE: Paulson & Co. Increases Stake in International Tower Hill

Paulson & Co. Inc. acquired an additional 4.9 million shares of International Tower Hill Mines Ltd., increasing its beneficial ownership to 39.9%.

Summary

• Paulson & Co. Inc. purchased 4,913,665 common shares of International Tower Hill Mines Ltd. in a block trade on April 16, 2026.
• The total consideration for this acquisition was approximately $12.6 million, representing a price of $2.56 per share.
• Following this transaction, Paulson & Co. now beneficially owns 104,486,703 shares, representing 39.9% of the issuer's outstanding common stock.
• The acquisition was funded through available capital from funds managed by Paulson & Co.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive signal of institutional confidence, as a major shareholder continues to increase their position in the company.

Positives

• Significant increase in ownership stake by a major institutional investor, signaling confidence in the company's long-term prospects.
• The acquisition was executed via a block trade, indicating strong demand and liquidity for the shares at the $2.56 price point.

Negatives

• Increased concentration of ownership in a single institutional entity may reduce the free float of the company's shares.

Risks

• Concentration risk for shareholders if the major investor decides to divest a significant portion of their 39.9% stake in the future.
• Market volatility associated with the mining sector and the specific development status of the issuer's projects.

Future Outlook

The filing does not provide specific forward-looking guidance regarding the company's operations, but the continued accumulation of shares by a major investor suggests a long-term strategic interest in the issuer's assets.

Industry Context

StockSavvy.ai notes that institutional accumulation in junior mining companies often precedes strategic shifts or long-term development milestones, reflecting a bet on the underlying asset value rather than short-term operational performance.

Comparison to Industry Standards

• The 39.9% ownership level is significantly higher than typical institutional holdings in the junior mining sector, where stakes are usually more diversified.
• The use of block trades for such large positions is standard practice for institutional investors to avoid excessive market impact.

Stakeholder Impact

• Shareholders may view the increased institutional backing as a stabilizing factor for the stock price.
• The high concentration of ownership may influence future corporate governance decisions or strategic directions.

Next Steps

• Continued monitoring of further Schedule 13D filings for potential changes in ownership or strategic intent.

Key Dates

Recommendation

The filing indicates strong institutional support, which is generally positive, but the lack of operational updates suggests a hold until further progress on the company's mining projects is reported.

Keywords

International Tower Hill Mines, Paulson & Co, Schedule 13D, Mining, Institutional Ownership, Block Trade