International Tower Hill Mines Files 2021 Year End Financial Results

Rhea-AI Summary

International Tower Hill Mines Ltd. (NYSE American: THM) announced the filing of its audited Year-End Financial Statements for 2021. As of December 31, 2021, the Company reported working capital of US$7.3 million. The approved 2022 budget is $3.2 million, focusing on advancing baseline environmental data collection for future permitting and enhancing community engagement. Shareholders can access financial documents on SEDAR, EDGAR, and the Company’s website.

Positive

• Working capital of US$7.3 million as of December 31, 2021.
• 2022 budget approved for $3.2 million targeting strategic advancements.

Negative

• None.

VANCOUVER, BC, March 9, 2022 /PRNewswire/ - International Tower Hill Mines Ltd.  (the "Company") - (TSX: ITH) (NYSE American: THM) today announced that it has filed its audited Year-End Financial Statements and associated Management Discussion and Analysis on Form 10-K for the year ended December 31, 2021.

As of December 31, 2021, the Company had working capital of US$7.3 million.

The Company also announced the approval of the 2022 budget of $3.2 million. The 2022 work program will advance the baseline environmental data collection in critical areas of hydrology and waste rock geochemical characterization needed to support future permitting, as well as advance community engagement.

Shareholders can obtain copies of the Company's audited Year-End Financial Statements and associated Management Discussion and Analysis and Form 10-K on SEDAR at: www.sedar.com, EDGAR at www.sec.gov and on the Company's website at: www.ithmines.com. The Company will also provide hard copies of these documents, free of charge, to shareholders who request a copy directly from the Company.

About International Tower Hill Mines Ltd.

International Tower Hill Mines Ltd. has a 100% interest in its Livengood Gold Project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska.

On behalf of
International Tower Hill Mines Ltd.

(signed) Karl L. Hanneman
Chief Executive Officer

This news release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

View original content:https://www.prnewswire.com/news-releases/international-tower-hill-mines-files-2021-year-end-financial-results-301499018.html

SOURCE International Tower Hill Mines Ltd.

FAQ

What are the 2021 financial results for International Tower Hill Mines (THM)?

The Company filed its audited financial statements for 2021, reporting a working capital of US$7.3 million as of December 31, 2021.

What is the 2022 budget for International Tower Hill Mines (THM)?

The approved budget for 2022 is $3.2 million, focusing on environmental data collection and community engagement.

Where can I find the Year-End Financial Statements for THM?

Shareholders can access the Year-End Financial Statements on SEDAR, EDGAR, and the Company’s website.