StockNews.AI
THM
StockNews.AI
160 days

International Tower Hill Mines Approves 2025 Livengood Gold Project Work Plan and Files 2024 Year End Financial Results

1. THM approved a $3.7 million 2025 work program for the Livengood Project. 2. Work will focus on metallurgical studies and environmental data collection. 3. A private placement raised approximately $3.9 million by selling shares. 4. The Company filed its Year-End Financial Statements for 2024. 5. Significant community engagement efforts will continue alongside project development.

4m saved
Insight
Article

FAQ

Why Bullish?

The approved work program and funding raise investor confidence, similar to previous project funding spikes.

How important is it?

The capital raised and project developments are strategic for THM’s growth and investor interest.

Why Long Term?

Ongoing development and studies will likely enhance the project's value over time.

Related Companies

ITH
, /PRNewswire/ - International Tower Hill Mines Ltd.  (the "Company") - (TSX: ITH) (NYSE American: THM) today announced the approval of the 2025 work program of $3.7 million. This work will begin metallurgical study of the massive stibnite antimony mineralization at the Livengood Gold Project, advance the baseline environmental data collection in critical areas of hydrology and waste rock geochemical characterization needed to support future permitting, and continue community engagement. The Company also announced that it has filed its audited Year-End Financial Statements and associated Management Discussion and Analysis on Form 10-K for the year ended December 31, 2024. On March 4, 2025, the Company announced that it had completed a non-brokered private placement (the "Private Placement") pursuant to which it issued common shares to existing major shareholders to raise gross proceeds of approximately US$3.9 million. The Private Placement consisted of 8,192,031 common shares of the Company at a price of US$0.4801 per common share. Shareholders can obtain copies of the Company's audited Year-End Financial Statements and associated Management Discussion and Analysis and Form 10-K on SEDAR+ at: www.sedarplus.ca, EDGAR at www.sec.gov and on the Company's website at: www.ithmines.com. The Company will also provide hard copies of these documents, free of charge, to shareholders who request a copy directly from the Company. About International Tower Hill Mines Ltd. International Tower Hill Mines Ltd. has a 100% interest in its Livengood Gold Project located along the paved Elliott Highway, 70 miles north of Fairbanks, Alaska. On behalf ofInternational Tower Hill Mines Ltd. (signed) Karl L. HannemanChief Executive Officer This news release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States. SOURCE International Tower Hill Mines Ltd. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News