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International Tower Hill Mines, Ltd. - THM STOCK NEWS

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International Tower Hill Mines Ltd. (TSX: ITH, NYSE American: THM) is a distinguished mining company dedicated to the acquisition, exploration, and development of mineral properties. Headquartered in Vancouver, the company’s core asset is the world-class Livengood Gold Project, located in the Tolovana mining district, 70 miles north of Fairbanks, Alaska. This project is notable for its substantial resource size, boasting 16.5 million ounces in the measured and indicated categories and an additional 4.1 million ounces in the inferred category. This makes Livengood one of the largest gold deposits discovered globally in the last two decades.

The Livengood Gold Project encompasses land leased from the Alaska Mental Health Trust, private mineral leases, state mining claims, and patented ground controlled by the company. The project is strategically positioned along the paved Elliott Highway, which facilitates easy access and logistics.

The leadership team at International Tower Hill Mines is composed of seasoned professionals with proven track records in major mining operations, hailing from esteemed organizations such as AngloGold Ashanti, Teck Resources, and Kinross. Their expertise in development, permitting, and operational success is driving the project towards becoming Alaska's next major gold mine.

Recent milestones for the company include the filing of its unaudited second quarter Financial Statements and Management Discussion and Analysis for the period ending June 30, 2023. This was followed by the unaudited third quarter reports for the three- and nine-month periods ending September 30, 2023. As of these filings, the company maintained a working capital of USD $3.1 million, underscoring its robust financial health.

Further solidifying its financial position, International Tower Hill Mines completed a non-brokered private placement in January 2024, raising approximately USD $2.5 million from existing major shareholders. This move was designed to minimize shareholder dilution and support the company's general working capital needs.

In March 2024, the company published its audited Year-End Financial Statements and approved the 2024 work program. This program focuses on community engagement and advancing critical environmental data collection to aid future permitting processes. Continuing its commitment to transparency, the company also filed its unaudited first quarter Financial Statements for the period ending March 31, 2024.

At the Annual General and Special Meeting held in May 2024, shareholders demonstrated strong support for the current management and governance structures. Key resolutions, including re-appointment of auditors and approval of executive compensation, were passed with significant majorities.

International Tower Hill Mines Ltd. is well-positioned to leverage the promising fundamentals of the Livengood Gold Project in a favorable gold market, driven by its substantial resource base and strategic land holdings.

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International Tower Hill Mines (TSX: ITH, NYSE American: THM) announced the filing of its unaudited third quarter Financial Statements and associated Management Discussion and Analysis for the period ending September 30, 2024.

These documents, including the Quarterly Report on Form 10-Q, are available on SEDAR+, EDGAR, and the Company’s website. Shareholders can also request free hard copies directly from the Company.

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Fortress Investment Group has appointed Damola Adamolekun as CEO of RL Investor Holdings , a new entity seeking bankruptcy court approval to acquire the Red Lobster restaurant chain. This acquisition is part of a Chapter 11 plan for Red Lobster, with RL Investor Holdings created by funds managed by Fortress affiliates and co-investors TCW Private Credit and Blue Torch. Upon court approval, Adamolekun will become CEO of the reorganized company, which will continue to operate independently with 544 locations across 44 U.S. states and four Canadian Provinces. Adamolekun aims to reinvigorate the brand by improving employee and guest experiences. Fortress, known for its track record in operating and improving iconic American restaurants, views Adamolekun's leadership as key to restoring Red Lobster's status as an iconic American brand.

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International Tower Hill Mines (TSX: ITH) (NYSE American: THM) has filed its unaudited second quarter Financial Statements for the three- and six-month period ended June 30, 2024. The company has also submitted its associated Management Discussion and Analysis and Quarterly Report on Form 10-Q. These documents are now available for shareholders to access on SEDAR+, EDGAR, and the company's website. International Tower Hill Mines is offering to provide hard copies of these documents free of charge to shareholders who directly request them from the company. This filing is a standard quarterly financial reporting practice for publicly traded companies, allowing investors and regulators to review the company's financial performance and position.

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International Tower Hill Mines (TSX: ITH, NYSE American: THM) announced the results of its 2024 Annual General and Special Meeting of shareholders held on May 29, 2024, in Vancouver, B.C. Six directors were elected with significant majorities: Anton Drescher (89.24%), Karl Hanneman (99.55%), Stuart Harshaw (80.97%), Marcelo Kim (99.49%), Edel Tully (99.16%), and Thomas Weng (99.24%).

The current auditors, Davidson & Company, were re-appointed for the fiscal year ending December 31, 2024. Shareholders also approved executive compensation (98.90%) and re-approved both the 2017 Deferred Share Unit Incentive Plan (99.08%) and the 2006 Incentive Stock Options Plan (89.40%). Detailed proxy voting results will be available on SEDAR+ and the company’s website.

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International Tower Hill Mines announced the filing of its unaudited first quarter financial results for the period ended March 31, 2024. Shareholders can access the documents on SEDAR, EDGAR, and the company's website. Hard copies are available upon request.

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International Tower Hill Mines Ltd. (THM) announces the filing of audited Year-End Financial Statements, approval of 2024 work program, and completion of a non-brokered private placement raising US$2.5 million.
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International Tower Hill Mines Ltd. completed a non-brokered private placement, issuing common shares to existing major shareholders to raise approximately USD $2.5 million. The Private Placement consisted of 3,807,911 common shares, representing approximately 1.9% of the 195.9 million common shares issued and outstanding prior to the completion. The Company intends to use the net proceeds for general working capital purposes. The Private Placement has received regulatory approvals, including approval of the Toronto Stock Exchange and the NYSE American. The shares issued are subject to hold periods and resale restrictions. The Private Placement was a 'related party transaction' within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions.
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International Tower Hill Mines Ltd. (TSX: ITH) (NYSE American: THM) filed its unaudited third quarter Financial Statements and Management Discussion and Analysis for the three- and nine-month period ended September 30, 2023. Shareholders can obtain copies on SEDAR, EDGAR, and the Company's website.
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International Tower Hill Mines Ltd. has filed its unaudited second quarter Financial Statements and associated Management Discussion and Analysis and Quarterly Report on Form 10-Q. The Company had working capital of US$3.1 million as of June 30, 2023.
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FAQ

What is the current stock price of International Tower Hill Mines, Ltd. (THM)?

The current stock price of International Tower Hill Mines, Ltd. (THM) is $0.456 as of November 20, 2024.

What is the market cap of International Tower Hill Mines, Ltd. (THM)?

The market cap of International Tower Hill Mines, Ltd. (THM) is approximately 99.8M.

What is the core business of International Tower Hill Mines Ltd.?

International Tower Hill Mines Ltd. is focused on the acquisition, exploration, and development of mineral properties, primarily the Livengood Gold Project in Alaska.

Where is the Livengood Gold Project located?

The Livengood Gold Project is located 70 miles north of Fairbanks, Alaska, in the Tolovana mining district.

How large is the gold resource at the Livengood Gold Project?

The Livengood Gold Project has a resource size of 16.5 million ounces in the measured and indicated categories and an additional 4.1 million ounces in the inferred category.

Who are the key members of the management team?

The management team includes experts from AngloGold Ashanti, Teck Resources, and Kinross, all of whom have strong track records in development, permitting, and operational success.

What recent financial achievements has the company reported?

The company has filed its unaudited and audited financial statements for 2023 and early 2024, maintaining a working capital of USD $3.1 million as of June 30, 2023. It also completed a USD $2.5 million private placement in January 2024.

What are the future plans for the Livengood Gold Project?

The 2024 work program focuses on community engagement and advancing environmental data collection needed for future permitting.

How many common shares are currently outstanding?

Following the January 2024 private placement, the company has 199,693,442 common shares issued and outstanding.

How can shareholders obtain financial reports and other documents?

Shareholders can access documents on SEDAR, EDGAR, and the company's website. Hard copies are also available upon request directly from the company.

What were the outcomes of the 2024 Annual General and Special Meeting?

Shareholders re-elected directors, re-appointed auditors, and approved executive compensation and incentive plans with significant majorities.

What is the company's approach to shareholder value?

The company aims to minimize dilution and maintain low general and administrative costs, positioning the Livengood Gold Project to capitalize on a strong gold market.

International Tower Hill Mines, Ltd.

NYSE:THM

THM Rankings

THM Stock Data

99.85M
198.66M
0.52%
71.91%
0.05%
Gold
Metal Mining
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United States of America
VANCOUVER