$THM

INTERNATIONAL TOWER HILL MINES LTD

CIK:0001134115|SEC Filings

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating expenses
Consulting fees	$ 676,070	$ 439,354	$ 843,958	$ 549,398
Insurance	42,869	65,136	77,613	112,147
Investor relations	56,485	33,839	69,732	43,898
Mineral property exploration	5,354,879	801,909	5,608,987	950,396
Office	11,424	5,646	18,675	9,918
Other	3,972	4,182	7,096	7,179
Professional fees	107,496	56,572	237,031	88,814
Regulatory	31,364	32,966	148,610	94,697
Rent	33,792	33,792	67,696	67,582
Travel	28,616	2,305	32,719	10,104
Wages and benefits	652,544	287,833	932,023	491,656
Total operating expenses	(6,999,511)	(1,763,534)	(8,044,140)	(2,425,789)
Other income (expenses)
Gain / (Loss) on foreign exchange	2,134,885	(190,324)	4,818,058	(208,431)
Interest income	1,480,872	28,772	2,116,471	40,066
Total other income (expenses)	3,615,757	(161,552)	6,934,529	(168,365)
Net loss for the period	(3,383,754)	(1,925,086)	(1,109,611)	(2,594,154)
Other comprehensive income (loss)
Exchange difference on translating foreign operations	(2,175,908)	198,065	(4,873,364)	216,352
Total other comprehensive income (loss) for the period	(2,175,908)	198,065	(4,873,364)	216,352
Comprehensive loss for the period	$ (5,559,662)	$ (1,727,021)	$ (5,982,975)	$ (2,377,802)
Basic loss per share	$ (0.01)	$ (0.01)	$ 0	$ (0.01)
Diluted loss per share	$ (0.01)	$ (0.01)	$ 0	$ (0.01)
Weighted average number of shares outstanding - basic	261,637,473	207,885,473	253,447,705	205,250,201
Weighted average number of shares outstanding - diluted	261,637,473	207,885,473	253,447,705	205,250,201

CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Loss for the period	$ (1,109,611)	$ (2,594,154)
Add items not affecting cash:
Stock-based compensation-options	199,621	172,547
Stock-based compensation-DSUs	666,321	337,434
Changes in non-cash items:
Accounts receivable	(1,376,166)	(8,809)
Prepaid expenses and other	(590,425)	(89,917)
Accounts payable and accrued liabilities	1,950,503	8,816
Cash and cash equivalents provided by (used in) operating activities	(259,757)	(2,174,083)
Financing Activities
Issuance of shares	118,354,035	3,932,994
Share issuance costs	(4,126,099)	(118,879)
Cash and cash equivalents provided by financing activities	114,227,936	3,814,115
Investing Activities
Short-term investments	(50,000,000)	0
Cash and cash equivalents used by investing activities	(50,000,000)	0
Effect of foreign exchange on cash	(4,876,871)	212,546
Change in cash and cash equivalents	59,091,308	1,852,578
Cash and cash equivalents, beginning of the period	1,353,333	992,487
Cash and cash equivalents, end of the period	60,444,641	2,845,065
Non-cash financing and investing transactions
Share issuance costs in accounts payable	$ 0	$ 3,205

CONDENSED CONSOLIDATED INTERIM BALANCE SHEETS - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current
Cash and cash equivalents	$ 60,444,641	$ 1,353,333
Short-term investments	50,000,000	0
Accounts receivable	1,441,019	0
Prepaid expenses and other	680,975	159,801
Total current assets	112,566,635	1,513,134
Property and equipment	7,465	7,465
Mineral property	55,375,124	55,375,124
Total assets	167,949,224	56,895,723
Current liabilities
Accounts payable	1,690,552	145,918
Accrued liabilities	749,999	352,034
Total liabilities	2,440,551	497,952
Shareholders' equity
Share capital, no par value; unlimited number of authorized shares; 261,637,473 and 207,885,473 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	409,336,983	294,980,859
Contributed surplus	38,359,082	37,621,329
Accumulated other comprehensive income (loss)	(3,275,298)	1,598,066
Deficit	(278,912,094)	(277,802,483)
Total shareholders' equity	165,508,673	56,397,771
Total liabilities and shareholders' equity	$ 167,949,224	$ 56,895,723