PAULSON & CO. INC. 4

What Happened Paulson & Co. Inc., the investment manager for certain funds and a reported 10% owner of International Tower Hill Mines Ltd (THM), purchased 18,018,018 shares on 2026-01-27 at $2.22 per share, for a total reported consideration of $40,000,000. The transaction is reported as a purchase (code P) and was an open market or private purchase.

Key Details

• Transaction date and price: 2026-01-27 — 18,018,018 shares at $2.22 each (total $40,000,000).
• Transaction type/code: Purchase (P) — open market or private purchase.
• Shares owned after transaction: Not specified in the provided Form 4 details.
• Footnotes: Paulson & Co. is the investment manager of the Funds that own these shares; John Paulson is the controlling person of Paulson and may be deemed to indirectly beneficially own the securities. The filing states (per Rule 16a-1(a)(4)) that this Form 4 should not be taken as an admission that Paulson or John Paulson is the beneficial owner for purposes of Section 16.
• Filing timeliness: Reported on 2026-01-27 (same date as the transaction), indicating a timely Form 4 filing.

Context This is an institutional purchase by a 10% owner (investment funds managed by Paulson & Co.), not an executive or company insider executing options or receiving awards. Purchases by institutional owners can be interpreted by investors as a material capital commitment, but the filing itself does not state the funds’ motives.