International Tower Hill Mines Ltd. Raises CEO's Base Salary

What Happened International Tower Hill Mines Ltd. filed an 8-K (Item 5.02) reporting that on February 9, 2026 its Board approved an increase in CEO Karl Hanneman’s base salary to US$342,538 per year. The increase, effective December 1, 2025, reflects Mr. Hanneman moving from a 50% time commitment to full time. The company and Mr. Hanneman executed an Amended and Restated Employment Agreement dated February 10, 2026 to reflect the change; other terms remain unchanged.

Key Details

• Board approval date: February 9, 2026.
• New base salary: US$342,538 per year, effective December 1, 2025.
• Time commitment changed from 50% (since a 2018 voluntary reduction) to full time.
• Amended and Restated Employment Agreement dated February 10, 2026 (filed as Exhibit 10.1).

Why It Matters This is a compensation change disclosed under Item 5.02 and signals the company expects greater CEO involvement going forward. For investors, the direct effects are higher cash compensation (increased operating expense) and a clearer management time commitment; the filing states no other terms of his employment were changed. The detailed employment agreement is included as an exhibit for review.