ELECTRUM GLOBAL HOLDINGS L.P. acquires 3,153,153 shares of THM at $2.22, establishing 10% stake worth $7.0M
ELECTRUM GLOBAL HOLDINGS L.P. purchased 3,153,153 shares at $2.22 on 2026-01-27 for $6,999,999.66, establishing a 10% ownership position in INTERNATIONAL TOWER HILL MINES LTD. The transaction occurs as the stock trades at $2.99, within 2.9% of its 52-week high of $3.08, and follows a 67.0% 90-day rally, meaning the buyer entered near recent peaks. The underlying company posted net income of -$732,303.00 over its most recent full fiscal year, indicating ongoing unprofitability. A 10% institutional stake acquisition at elevated valuations relative to 52-week range and amid company financial losses warrants investor attention to the acquirer's strategic rationale and long-term conviction.