INTERNATIONAL TOWER HILL MINES LTD (THM) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 08, 2026

Risk Assessment Details

Potential Dilution: 95.26% of current shares
Recent Dilution: 23.58% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
250M
Potential Supply
240M
Additional shares possible
Splits
None
Past 2 years

Summary

THM currently has 248M outstanding shares. with significant dilution risk as 237M authorized shares could dilute existing holders by 95.3%. The company has diluted shareholders by 23.58% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 08, 2026

10-Q filing | 248.4M shares outstanding

250M 240M
Jan 27, 2026

8-K filing: International Tower Hill Mines Ltd. issued 29,280,000 common shares to Underwriters at $2.22 per share, and Paulson purchased 18,018,018 common shares at $2.22 per share in a concurrent private placement. ($110.3M proceeds)

210M 280M
Nov 07, 2025

10-Q filing | 207.9M shares outstanding

210M 280M
Aug 08, 2025

10-Q filing | 207.9M shares outstanding

210M 280M
May 09, 2025

10-Q filing | 202.6M shares outstanding

200M 280M
Mar 12, 2025

10-K filing | 199.7M shares outstanding

200M 290M
Mar 04, 2025

8-K filing: International Tower Hill Mines Ltd. closed a non-brokered private placement on March 3, 2025, issuing 8,192,031 common shares at $0.4801 per share for gross proceeds of approximately $3.93 million. ($3.93M proceeds)

200M 290M
Dec 06, 2024

8-K filing: The Company entered into a Consulting Agreement and Stock Option Agreement with Phenom Ventures LLC, granting them 2,500,000 stock options to purchase common shares of the Company at a price of CAD$0.64.

200M 290M
Nov 07, 2024

10-Q filing | 199.7M shares outstanding

200M 290M
Aug 09, 2024

10-Q filing | 199.7M shares outstanding

200M 290M
May 10, 2024

10-Q filing | 199.0M shares outstanding

200M 290M
Mar 08, 2024

10-K filing | 195.6M shares outstanding

200M 290M
Jan 22, 2024

8-K filing: International Tower Hill Mines Ltd. completed a non-brokered private placement of 3,807,911 common shares at US $0.664 per share, for gross proceeds of approximately US $2.5 million, taken up by Paulson & Co. Inc., Sprott Asset Management USA, Inc., and Heptagon plc Kopernik Global All-Cap Equity Fund. ($2.5M proceeds)

200M 290M
Nov 22, 2023

S-3/A filing: International Tower Hill Mines Ltd. may offer and sell up to $100,000,000 of securities, including common shares, debt securities and subscription receipts.

200M 290M
Nov 08, 2023

10-Q filing | 195.9M shares outstanding

200M 260M
Nov 02, 2023

S-3/A filing: International Tower Hill Mines Ltd. may offer and sell from time to time, in one or more offerings, up to an aggregate initial offering price of $100,000,000 of common shares, debt securities, and subscription receipts.

200M 260M
Aug 10, 2023

S-3 filing: International Tower Hill Mines Ltd. may offer and sell from time to time, in one or more offerings, up to an aggregate initial offering price of $100,000,000 of any combination of the securities described in this prospectus, including common shares, debt securities, and subscription receipts.

200M 250M
Aug 07, 2023

10-Q filing | 195.4M shares outstanding

200M 4M
May 05, 2023

10-Q filing | 195.3M shares outstanding

200M 4M
Mar 08, 2023

10-K filing | 195.2M shares outstanding

200M 4.1M
Nov 10, 2022

10-Q filing | 195.3M shares outstanding

200M 4M
Aug 05, 2022

10-Q filing | 195.3M shares outstanding

200M 4M
May 12, 2022

10-Q filing | 194.9M shares outstanding

190M 4.4M
Mar 09, 2022

10-K filing | 194.9M shares outstanding

190M 4.4M
Nov 12, 2021

10-Q filing | 194.9M shares outstanding

190M 4.4M
Aug 06, 2021

10-Q filing | 194.9M shares outstanding

190M 4.4M
May 07, 2021

10-Q filing | 194.9M shares outstanding

190M 4.4M
Mar 10, 2021

10-K filing | 194.9M shares outstanding

190M 4.4M
Nov 06, 2020

10-Q filing | 194.9M shares outstanding

190M 4.4M
Aug 10, 2020

10-Q filing | 187.6M shares outstanding

190M 12M
Jul 31, 2020

S-3 filing: International Tower Hill Mines Ltd. may offer and sell common shares up to an aggregate initial offering price of $20,000,000.

190M 12M
May 08, 2020

10-Q filing | 187.6M shares outstanding

190M 0
Mar 10, 2020

10-K filing | 187.6M shares outstanding

190M 0
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