ELECTRUM GLOBAL HOLDINGS L.P. - 27 Jan 2026 Form 3 Insider Report for INTERNATIONAL TOWER HILL MINES LTD (THM)

Role: 10%+ Owner
Signature: Electrum Global Holdings L.P., By: TEG Global GP Ltd., its general partner, By: /s/ Andrew M. Shapiro, Name/Title: Andrew M. Shapiro, Director
Issuer symbol: THM
Transactions as of: 27 Jan 2026
Net transactions value: $0
Form type: 3
Filing time: 29 Jan 2026, 16:30:06 UTC
SEC: View on sec.gov

Reporting Owners (2)

Name	Relationship	Address	Signature	Signature date	CIK
ELECTRUM GLOBAL HOLDINGS L.P.	10%+ Owner	600 FIFTH AVENUE, 24TH FLOOR, NEW YORK	Electrum Global Holdings L.P., By: TEG Global GP Ltd., its general partner, By: /s/ Andrew M. Shapiro, Name/Title: Andrew M. Shapiro, Director	29 Jan 2026	0001564994
TEG Global GP Ltd.	10%+ Owner	600 FIFTH AVENUE, 24TH FLOOR, NEW YORK	TEG Global GP Ltd., By: /s/ Andrew M. Shapiro, Name/Title: Andrew M. Shapiro, Director	29 Jan 2026	0001565709

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	THM	Common Shares						3,153,153	27 Jan 2026	Direct	F1
holding	THM	Common Shares						28,765,672	27 Jan 2026	By Electrum Strategic Opportunities Fund II L.P.	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities are owned directly by Electrum Global Holdings L.P. ("Global Holdco"). TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG Services") acts as an investment advisor to Global Holdco. As a result, TEG Global and TEG Services may be deemed to beneficially own the Issuer's common shares held by Global Holdco. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F2	These securities are owned directly by Electrum Strategic Opportunities Fund II L.P. ("ESOF II"). The general partner of ESOF II is Electrum Strategic Opportunities Fund II GP L.P. ("ESOF II GP L.P."), and the general partner of ESOF II GP L.P. is ESOF II GP Ltd. ("ESOF II GP"). TEG Services acts as an investment advisor to ESOF II. ESOF II GP is wholly owned by Global Holdco. TEG Global is the general partner of Global Holdco. As a result, ESOF II GP L.P., ESOF II GP, TEG Services, Global Holdco and TEG Global may be deemed to beneficially own the Issuer's common shares held by ESOF II. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Content

These securities are owned directly by Electrum Global Holdings L.P. ("Global Holdco"). TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG Services") acts as an investment advisor to Global Holdco. As a result, TEG Global and TEG Services may be deemed to beneficially own the Issuer's common shares held by Global Holdco. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

These securities are owned directly by Electrum Strategic Opportunities Fund II L.P. ("ESOF II"). The general partner of ESOF II is Electrum Strategic Opportunities Fund II GP L.P. ("ESOF II GP L.P."), and the general partner of ESOF II GP L.P. is ESOF II GP Ltd. ("ESOF II GP"). TEG Services acts as an investment advisor to ESOF II. ESOF II GP is wholly owned by Global Holdco. TEG Global is the general partner of Global Holdco. As a result, ESOF II GP L.P., ESOF II GP, TEG Services, Global Holdco and TEG Global may be deemed to beneficially own the Issuer's common shares held by ESOF II. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.