10% owner Electrum buys 1,152,091 shares (THM) for $553,118.89 at $0.48 amid unprofitable operations.
Electrum Strategic Opportunities Fund II L.P., a 10% owner, purchased 1,152,091 shares at $0.48 on 2025-02-27, expanding holdings from 27,613,581 to 28,765,672 shares. The acquisition occurs while International Tower Hill Mines is unprofitable, with net income of $-667,302.00 for the most recent full fiscal year, and at a stock price of $0.48 that sits -41.2% below the 52-week high of $0.80. This purchase represents a discretionary increase in an already-significant stake by an established fund investor, though the company's negative earnings and depressed valuation relative to recent highs provide material context for evaluating the transaction's underlying merit.