International Tower Hill Mines Ltd. announced a non-brokered private placement of 3,807,911 common shares at a price of $0.664 per share for the gross proceeds of $2,528,453 on January 22, 2024. The transaction will include participation from new investors, Sprott Asset Management USA Inc., Kopernik Global Investors, LLC, returning investor, Paulson & Co. Inc. The private placement has received the required regulatory approvals including approval of the Toronto Stock Exchange and the NYSE American.

All common shares issued in the private placement are subject to a hold period in Canada of four months and one day from the closing of the private placement. All common shares issued in the United States will be subject to resale restrictions under U.S. federal and state securities laws. The company will issue securities pursuant to exemption provided under Regulation D. The transaction included participation from 3 investors.