Companies · Mining & Resources

International Tower Hill Mines Ltd

VANCOUVER · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on International Tower Hill Mines Ltd — recommendation, valuation, rhythm, risks.
$96.9M
Total raised · real
9
Rounds
1.6×
Latest step-up
Top 3%
Sector rank · raised
Series B
Latest stage · inferred · Wed Feb 26 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

International Tower Hill Mines Ltd looks under-valued against its niche peers and is quiet on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.20× the median modeled value of Series B Mining & Resources companies in 2025–2027 (15 peers) — value vs value, same stage and era.
Quiet
  • Last raise 16 mo ago; this sector typically re-raises about every 11 months.
  • Slightly overdue versus sector cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mining & Resources

International Tower Hill Mines Ltd is one of 701 Mining & Resources companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 98% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
6
Investors (latest)
2025-02-26
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MPre-Seed · 2009-03-04 Raised $196K (real) Modeled valuation $1.3M (est)Pre-Seed2009Series A · 2010-04-01 Raised $14M (real) Modeled valuation $61M (est)Series A2010Series B · 2010-11-10 Raised $30M (real) Modeled valuation $143M (est)Series B2010Series B · 2012-08-03 Raised $12M (real) Modeled valuation $59M (est)Series B2012Series B · 2012-09-17 Raised $5.1M (real) Modeled valuation $25M (est)Series B2012Series B · 2014-12-11 Raised $7.2M (real) Modeled valuation $35M (est)Series B2014Series B · 2016-12-28 Raised $22M (real) Modeled valuation $106M (est)Series B2016Series B · 2024-01-18 Raised $2.5M (real) Modeled valuation $10M (est)Series B2024Series B · 2025-02-26 Raised $3.9M (real) Modeled valuation $15M (est)Series B2025+$14M+$30M+$12M+$5.1M+$7.2M+$22M+$2.5M+$3.9MCumulative $97M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$196K · 2009
Series A$13.9M · 2010no Seed on file
Series B$29.7M · 2010
Series B extension$12.3M · 2012
Series B extension$5.1M · 2012
Series B extension$7.2M · 2014
Series B extension$22.0M · 2016
Series B extension$2.5M · 2024
Series B extension$3.9M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 75%.

Modeled valuation trajectory
$15.1M
Base estimate est.
$9.3M
Conservative case
$23.8M
Upside case
$21.8M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $1.3M · 2009-03-042009Series A · modeled $60.7M · 2010-04-01Series B · modeled $142.6M · 2010-11-10Series B · modeled $58.9M · 2012-08-03Series B · modeled $24.7M · 2012-09-17Series B · modeled $34.5M · 2014-12-11Series B · modeled $105.6M · 2016-12-28Series B · modeled $10.2M · 2024-01-18Series B · modeled $15.1M · 2025-02-262025
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
65%
Survival probability
43% low · 79% high
1.05×/yr
Annual markup
1.27×/yr upside case
1.3 yr
Elapsed time used
1.3 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
24 mo
Avg between rounds
$6.1M/yr
Capital velocity
17.3 yr
On record since
2009
First round
9
Rounds on file
How it compares to the market

Benchmarked against 701 companies in Mining & Resources. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 42× above median
This company$96.9M
Sector median$2.3M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.6× of median
This company$3.9M
Sector median$6.3M
Modeled value — vs sector median (estimate, all stages) 5.9× above median
This company$15.1M
Sector median$2.5M

Raised more than 98% of sector peers (real $). Modeled value above 83% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #10 of 15.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0B$10.0M$100.0M$1.0BCapital raised (log)Firefly Minerals, LLC · Series B Raised $37.5M · modeled $137.8M (est)Tectonic Metals Inc. · Series B Raised $61.5M · modeled $128.2M (est)U.S. Gold Corp. · Series B Raised $56.6M · modeled $115.0M (est)Critical Metals Corp. · Series B Raised $24.6M · modeled $94.3M (est)NGEx Minerals Ltd. · Series B Raised $23.9M · modeled $85.2M (est)Bunker Hill Mining Corp. · Series B Raised $95.2M · modeled $76.7M (est)Mohave Verde Metals LLC · Series B Raised $20.0M · modeled $75.8M (est)Channing Street Copper Co · Series B Raised $31.0M · modeled $75.0M (est)MCC Mining Corp · Series B Raised $41.1M · modeled $64.0M (est)Lost River Mining, Inc. · Series B Raised $51.2M · modeled $13.0M (est)Western Alaska Minerals Corp. · Series B Raised $28.0M · modeled $4.6M (est)International Tower Hill Mines Ltd (this company) Raised $96.9M · modeled $15.1M (est)International Tower Hill Mines Ltd
CompanyStageRaised · realValue · estvs peer med.
Firefly Minerals, LLCSeries B$37.5M$137.8M1.84×
Tectonic Metals Inc.Series B$61.5M$128.2M1.71×
U.S. Gold Corp.Series B$56.6M$115.0M1.53×
Critical Metals Corp.Series B$24.6M$94.3M1.26×
NGEx Minerals Ltd.Series B$23.9M$85.2M1.14×
Bunker Hill Mining Corp.Series B$95.2M$76.7M1.02×
Mohave Verde Metals LLCSeries B$20.0M$75.8M1.01×
Channing Street Copper CoSeries B$31.0M$75.0M1.00×
MCC Mining CorpSeries B$41.1M$64.0M0.85×
International Tower Hill Mines Ltd this companySeries B$96.9M$15.1M0.20×
Lost River Mining, Inc.Series B$51.2M$13.0M0.17×
Western Alaska Minerals Corp.Series B$28.0M$4.6M0.06×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$196K2009-03-04$1.1M$1.3M85%
Series A$13.9M2010-04-01$63.1M$60.7M85%
Series B$29.7M2010-11-10$165.1M$142.6M85%
Series B$12.3M2012-08-03$68.2M$58.9M85%
Series B$5.1M2012-09-17$28.6M$24.7M85%
Series B$7.2M2014-12-11$40.0M$34.5M85%
Series B$22.0M2016-12-28$122.2M$105.6M90%
Series B$2.5M2024-01-18$14.0M$10.2M90%
Series B$3.9M2025-02-26$21.8M$15.1M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$196K2009-03-04
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Series A$13.9M2010-04-01
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round 70.9× larger than the prior — scaling up.
    • 2 investors on this round.
  3. Series B$29.7M2010-11-10
    • Raised 7 mo later, in step with the ~11 mo sector norm.
    • Round 2.1× larger than the prior — scaling up.
    • Revenue band moved $0–$1M → No revenue.
    • 2 investors on this round.
  4. Series B$12.3M2012-08-03
    • Raised again after 21 mo — slower than the ~11 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 8 investors on this round.
  5. Series B$5.1M2012-09-17
    • Came back fast: 1 mo vs the ~11 mo sector norm.
    • Round 2.4× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  6. Series B$7.2M2014-12-11
    • Raised again after 27 mo — slower than the ~11 mo sector norm.
    • Round 1.4× larger than the prior — scaling up.
    • Switched to Rule 506(b) (was Rule 06).
    • 6 investors on this round.
  7. Series B$22.0M2016-12-28
    • Raised again after 25 mo — slower than the ~11 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 3 investors on this round.
  8. Series B$2.5M2024-01-18
    • Raised again after 85 mo — slower than the ~11 mo sector norm.
    • Round 8.7× smaller than the prior — bridge or down round.
    • 3 investors on this round.
  9. Series B$3.9M2025-02-26
    • Raised 13 mo later, in step with the ~11 mo sector norm.
    • Round 1.6× larger than the prior — scaling up.
    • 6 investors on this round.
Intelligence
2027 ~Q1
Modeled next raise · ~24mo cadence
$6.1M
Modeled next size est.range $4.0M$9.8M
1.6×
Last step-up
$6.1M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Anton J. Drescher5 other2009-03
Marla K. Ritchie4 other2010-04
MICHAEL KINLEY4 other2009-03
Lawrence W. Talbot3 other2009-03
Daniel A. Carriere2 other2012-09
Jeffrey A. Pontius2 other2009-03
Michael Bartlett2 other2009-03
Thomas S. Weng2 other2014-12
Benjamin Guenther1 other2009-03
David J. Cross1 other2024-01
Donald C. Ewigleben1 other2012-08
Hendrick K. Van Alphen1 other2010-04
John J Ellis1 other2014-12
Rowland Perkins1 other2009-03
Stephen A. Lang1 other2014-12
Steve K. Aaker1 other2010-04
Tom S.Q. Yip1 other2012-08
Carl E. Brechtel2010-04
Daniel C. Carriere2012-08
Daniel J. Carriere2010-11
David A. Cross2016-12
Edel L. Tully2024-01
Hendrick Van Alphen2009-03
Jonathan A. Berg2012-09
Registry & provenance

International Tower Hill Mines Ltd is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1134115
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Corvus Gold Inc.OtherSeries A$19.7M$23.0Mnetwork6 shared operators
Dorato Resources IncOtherSeries A$5.1M$2.6Mnetwork4 shared operators
Cardero Resource Corp.OtherSeries A$24.3M$27.8Mnetwork3 shared operators
Jaguar Mining IncMining & ResourcesSeed$3.5M$6.8Mnetwork2 shared operators · same sector
Hycroft Mining Holding CorpMining & ResourcesSeries D+$165.9M$387.8Mnetwork1 shared operator · same sector
Besra Gold Inc.Mining & ResourcesSeries B$76.8M$13.3Msame sector · same stage
Lost River Mining, Inc.Mining & ResourcesSeries B$51.2M$13.0Msame sector · same stage
Wealth Minerals Ltd.Mining & ResourcesSeed$24.2M$2.6Mnetwork1 shared operator · same sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Freehill Mining LtdMining & ResourcesPre-Seed$5.0M87%
Tower Resources Ltd.OtherPre-Seed$7.8M85%
I-Minerals IncMining & ResourcesSeed$577K85%
Magna Mining Inc.Mining & ResourcesSeries A$12.2M83%
Integral Metals Corp.Mining & ResourcesPre-Seed$819K83%
Wealth Minerals Ltd.Mining & ResourcesSeed$2.6M83%
Metal Bank LtdMining & ResourcesPre-Seed$6.6M82%
Silver Storm Mining Ltd.Mining & ResourcesPre-Seed$211K82%
Frequently asked
How much funding has International Tower Hill Mines Ltd raised?
International Tower Hill Mines Ltd has raised approximately $96.9M in disclosed capital across 9 recorded financing rounds, aggregated from public filings.
What is International Tower Hill Mines Ltd's estimated valuation?
Provath's modeled valuation for International Tower Hill Mines Ltd is approximately $15.1M (modeled range $9.3M–$23.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is International Tower Hill Mines Ltd at?
International Tower Hill Mines Ltd's latest modeled financing stage is Series B. Its most recent recorded round closed around Wed Feb 26.
What does International Tower Hill Mines Ltd do and where is it based?
International Tower Hill Mines Ltd operates in the Mining & Resources sector, based in VANCOUVER.
Explore related

See where International Tower Hill Mines Ltd sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at International Tower Hill Mines Ltd, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.