PAULSON & CO. INC. 4

What Happened
Paulson & Co. Inc., reported as a 10% owner of International Tower Hill Mines Ltd. (THM), acquired 4,913,665 ordinary shares on April 16, 2026 at $2.56 per share, for a total purchase value of $12,578,982. The Form 4 lists the transaction as a purchase (code P), which is a direct buy rather than a sale—purchases are often watched by investors as potentially bullish signals but do not prove a change in fundamentals.

Key Details

• Transaction date and price: Apr 16, 2026 — 4,913,665 shares @ $2.56 each.
• Total value: $12,578,982.
• Filing date: Apr 20, 2026 (reports the Apr 16 transaction). The filing itself does not state that it is late.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: (F1) Paulson & Co. is the investment manager of certain investment funds (the “Funds”) and the reported securities are owned by those Funds. (F2) John Paulson is the controlling person of Paulson; Paulson and John Paulson may be deemed to indirectly beneficially own the securities held by the Funds. The filing contains the standard Rule 16a‑1(a)(4) disclaimer that it is not an admission of beneficial ownership for Section 16 purposes.

Context
This purchase was made by an institutional investor/manager on behalf of funds (a 10% owner), not an individual executive — institutional buys can reflect fund portfolio activity rather than personal insider conviction. No option exercises, grants, gifts, or cashless sales are involved here—this is a straight purchase. Retail investors should consider this alongside other filings and company fundamentals.