INTERNATIONAL TOWER HILL MINES Business Summary

International Tower Hill Mines Ltd. (THM) is a mineral exploration and development company primarily focused on the acquisition and advancement of its 100% owned Livengood Gold Project in Alaska. The company operates as a pre-revenue enterprise, generating capital through equity financing and private placements rather than operational cash flow. Its business model centers on de-risking one of North America’s largest undeveloped gold deposits—boasting a resource of approximately 13.6 million ounces—to reach a production-ready state or attract a major mining partner. Following a transformative $115 million capital raise in January 2026, the company has transitioned into an active development phase involving intensive metallurgical testing, environmental baseline studies, and a 3,000-meter drilling program to support a definitive feasibility study. THM competes with other advanced-stage gold developers such as Galiano Gold Inc., Dakota Gold Corp., and Integra Resources Corp., positioning itself as a high-leverage vehicle for investors seeking exposure to gold price appreciation through a massive, permitted-ready asset in a Tier-1 jurisdiction. Leadership is spearheaded by CEO Karl L. Hanneman, a veteran mining engineer with over 35 years of Alaska-based experience, including a significant tenure at Teck Resources where he managed the Pogo Mine’s development. The executive team includes CFO David A. Cross, a Chartered Professional Accountant with extensive experience in the junior mining sector, and Corporate Secretary Debbie L. Evans, who brings two decades of mine-site financial control expertise from roles at Coeur Alaska and the Fort Knox Mine. The company is backed by a sophisticated board and institutional investor base, most notably Paulson & Co. Inc., represented by Chairman Marcelo Kim, and Sprott Inc. Other key board members include Lead Independent Director Thomas S. Weng, a former Managing Director at Deutsche Bank, and Dr. Edel Tully, a renowned precious metals expert and former Global Head of Precious Metals Sales at UBS.