TEG Global GP Ltd. 4

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.