International Tower Hill Mines Launches $60M Public Offering
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
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Should l Buy THM?
International Tower Hill Mines announced the launch of a $60M public offering of common shares, without par value, of the company in the United States. In connection with the offering, Paulson & Co. has entered into an agreement to purchase $40M of common shares in a private placement at the public offering price of the offering. 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. The common shares will be offered by the company with BMO Capital Markets acting as lead book-running manager.
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About THM
International Tower Hill Mines Ltd. is a Canada-based company. The Company is in the business of acquiring, exploring and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. It has 100% interest in its Livengood Gold Project, located in the Tintina gold belt approximately 70 miles (113 kilometers) northwest of Fairbanks, Alaska. The property consists of land leased from the Alaska Mental Health Trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by the Company and patented ground held by the Company. The Company's subsidiaries include Tower Hill Mines, Inc., Tower Hill Mines (US) LLC, and Livengood Placers, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Clear Use of Proceeds: The net proceeds from the offering and private placement will be allocated to the exploration and development of the Livengood Gold Project and general corporate purposes, ensuring sustained investment and strategic positioning in resource development.
- Underwriters' Option: The underwriters have an option to purchase up to 15% additional shares, potentially raising total proceeds to $115 million if exercised, which would further enhance the company's financial flexibility and market competitiveness.
See More
