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THM International Tower Hill Mines Ltd.

Quarterly report


		Three Months Ended				Nine Months Ended
	Note	September 30, 2024		September 30, 2023		September 30, 2024		September 30, 2023
Operating expenses
Consulting fees	6	$	61,509	$	131,287	$	474,120	$	507,536
Insurance			50,984		53,533		155,071		156,100
Investor relations	6		8,580		8,737		50,668		43,548
Mineral property exploration	4		119,401		105,479		878,456		893,122
Office			4,882		13,318		16,571		22,205
Other			4,411		3,795		12,746		10,818
Professional fees			57,398		104,196		176,294		232,077
Regulatory			59,478		71,940		153,617		158,116
Rent			33,795		33,796		101,385		101,388
Travel			16,407		27,616		29,104		41,490
Wages and benefits	6		243,496		227,261		711,341		591,677
Total operating expenses			(660,341)		(780,958)		(2,759,373)		(2,758,077)

Other income (expenses)
Gain/(Loss) on foreign exchange			(22,473)		46,691		41,962		(13,925)
Interest income			15,512		23,916		72,886		79,737
Other income			—		—		—		10,480
Total other income (expenses)			(6,961)		70,607		114,848		76,292

Net loss for the period			(667,302)		(710,351)		(2,644,525)		(2,681,785)

Other comprehensive income (loss)
Exchange difference on translating foreign operations			23,640		(50,484)		(46,040)		9,386
Total other comprehensive income (loss) for the period			23,640		(50,484)		(46,040)		9,386
Comprehensive loss for the period		$	(643,662)	$	(760,835)	$	(2,690,565)	$	(2,672,399)

Basic and diluted loss per share		$	(0.00)	$	(0.00)	$	(0.01)	$	(0.01)

Weighted average number of shares outstanding – basic and diluted			199,693,442		195,885,531		199,457,185		195,524,931


		September 30,		December 31,
	Note	2024		2023
ASSETS

Current
Cash and cash equivalents	1	$	1,746,231	$	1,687,690
Prepaid expenses and other			187,716		304,726
Total current assets			1,933,947		1,992,416

Property and equipment			7,465		7,465
Capitalized acquisition costs	4		55,375,124		55,375,124

Total assets		$	57,316,536	$	57,375,005

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities
Accounts payable		$	43,581	$	92,855
Accrued liabilities	5		142,967		142,096

Total liabilities			186,548		234,951

Shareholders’ equity
Share capital, no par value; unlimited number of authorized shares; 199,693,442 and 195,885,531 shares issued and outstanding at September 30, 2024 December 31, 2023, respectively	6		291,169,769		288,866,139
Contributed surplus	6		36,686,734		36,309,865
Accumulated other comprehensive income			1,482,788		1,528,828
Deficit			(272,209,303)		(269,564,778)

Total shareholders’ equity			57,129,988		57,140,054

Total liabilities and shareholders’ equity		$	57,316,536	$	57,375,005


	Nine Months Ended					Year Ended
	September 30, 2024					December 31, 2023
		Weighted					Weighted
		Average		Aggregate			Average		Aggregate
	Number of	Exercise Price		Intrinsic Value		Number of	Exercise Price		Intrinsic Value
	Options	(C$)		(C$)		Options	(C$)		(C$)

Balance, beginning of the period	1,787,049	$	0.92			2,287,049	$	0.95
Granted	240,000		0.94			240,000		0.63
Expired	(374,817)		0.61			(740,000)		0.91
Balance, end of the period	1,652,232	$	0.99	$	26,400	1,787,049	$	0.92	$	93,571


	Payments Due by Year
	2024		2025		2026		2027		2028		2029 and beyond		Total
Mineral Property Leases(1)	$	—	$	545,272	$	551,088	$	556,977	$	562,939	$	568,976	$	2,785,252
Mining Claim Government Fees		214,790		214,790		214,790		214,790		214,790		214,790		1,288,740
Total	$	214,790	$	760,062	$	765,878	$	771,767	$	777,729	$	783,766	$	4,073,992

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