Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒As of May 1, 2026, the registrant had 261,637,473 common shares outstanding. Table of Contents Table of Contents SIGNATURES FORWARD LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements or information within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 concerning anticipated results and developments in theoperations of International Tower Hill Mines Ltd. (“we,” “us,” “our,” “ITH” or the “Company”) in future periods,planned exploration and development activities, the adequacy of the Company’s financial resources and other events orconditions that may occur in the future. Forward-looking statements are frequently, but not always, identified by words ●the Company’s future cash requirements, the Company’s ability to meet its financial obligations as they comedue, and the Company’s ability to raise the necessary funds to continue operations on acceptable terms, if at all;●the Company’s ability to carry forward and incorporate into future engineering studies of the Livengood GoldProject updated mine design, production schedule and recovery concepts identified during the optimizationprocess;●the Company’s potential to carry out an engineering phase that will evaluate and optimize the Livengood GoldProject’s configuration and capital and operating expenses, including determining the optimum scale for theLivengood Gold Project;●the Company’s strategies and objectives, both generally and specifically in respect of the Livengood GoldProject;●the Company’s belief that there are no known environmental issues that are anticipated to materially impact Such forward-looking statements reflect the Company’s current views with respect to future events and are subject tocertainknown and unknown risks,uncertainties and assumptions.Many factors could cause actual results,performance or achievements to be materially different from any future results, performance or achievements that may ●the demand for, and level and volatility of the price of gold;●conditions in the financial markets generally, the overall sentiment of the markets for public equity, interestrates, currency rates, and the rate of inflation;●general business and economic conditions;●government regulation and proposed legislation (and changes thereto or interpretations thereof);●defects in title to claims or the ability to obtain surface rights, either of which could affect the Company’s Table of Contents ●the ongoing relations of the Company with the lessors of its property interests and applicable regulatoryagencies;●the metallurgy and recovery characteristics of samples from certain of the Company’s mineral properties andwhether such characteristics are reflective of the deposit as a whole; Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect,actual results may vary materially from those described herein. This list is not exhaustive of the factors that may affectany of the Company’s forward-looking statements. Forward-looking statements are statements about the future and areinherently uncertain, and actual achievements of the Company or other future events or conditions may differmaterially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other The Company’s forward-looking statements contained in this Quarterly Report on Form10-Q are based on the beliefs,expectations and opinions of management as of the date of this report. The Company does not assume any obligationto update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should PART 1 INTERNATIONAL TOWER HILL MINES LTD.CONDENSED CONSOLIDATED INTERIM BALANCE SHEETSAs at March 31, 2026 and December 31, 2025 INTERNATIONAL TOWER HILL MINES LTD. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS INTERNATIONAL TOWER HILL MINES LTD. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITYFor the Three Months Ended March 31, 2026 and