TEG Global GP Ltd. 4
4 · INTERNATIONAL TOWER HILL MINES LTD · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
THM Electrum Global Holdings (10% Owner) Buys 3.15M Shares
What Happened Electrum Global Holdings L.P. (a reported 10% owner of International Tower Hill Mines Ltd., ticker THM) purchased 3,153,153 common shares on January 27, 2026. The reported purchase price was $2.22 per share for a total transaction value of $7,000,000. The filing reports the transaction as a purchase (code P — open market or private purchase), which is a direct buy rather than a sale or option exercise.
Key Details
- Transaction date and price: Jan 27, 2026 — 3,153,153 shares at $2.22 each ($7,000,000 total).
- Transaction type: P = Purchase (open market or private purchase).
- Shares owned after transaction: Not specified in the information provided in this summary (filing did not list post-transaction beneficial ownership here).
- Timeliness: Report filed Jan 29, 2026 (within the typical 2-business-day Form 4 window), so not indicated as late.
- Footnote summary: The shares are owned directly by Electrum Global Holdings L.P. (“Global Holdco”). TEG Global GP Ltd. is Global Holdco’s general partner and The Electrum Group LLC acts as investment advisor; these related entities may be deemed to beneficially own the shares but disclaim beneficial ownership except to the extent of any pecuniary interest.
Context This is an institutional purchase by a reported 10% owner rather than an executive officer or director. Institutional buys can be informative to investors, but the filing’s footnote clarifies a multi-entity ownership/advisory structure and includes standard disclaimers about beneficial ownership. The transaction was reported as a purchase (bullish signal in isolation), and the filing appears timely.
Insider Transaction Report
- Purchase
Common Shares
[F1]2026-01-27$2.22/sh+3,153,153$7,000,000→ 3,153,153 total
- 28,765,672(indirect: By Electrum Strategic Opportunities Fund II L.P.)
Common Shares
[F2]
Footnotes (2)
- [F1]These securities are owned directly by Electrum Global Holdings L.P. ("Global Holdco"). TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG Services") acts as an investment advisor to Global Holdco. As a result, TEG Global and TEG Services may be deemed to beneficially own the Issuer's common shares held by Global Holdco. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- [F2]These securities are owned directly by Electrum Strategic Opportunities Fund II L.P. ("ESOF II"). The general partner of ESOF II is Electrum Strategic Opportunities Fund II GP L.P. ("ESOF II GP L.P."), and the general partner of ESOF II GP L.P. is ESOF II GP Ltd. ("ESOF II GP"). TEG Services acts as an investment advisor to ESOF II. ESOF II GP is wholly owned by Global Holdco. TEG Global is the general partner of Global Holdco. As a result, ESOF II GP L.P., ESOF II GP, TEG Services, Global Holdco and TEG Global may be deemed to beneficially own the Issuer's common shares held by ESOF II. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.