International Tower Hill Mines (THM) risk factors, FY2024 10-K

Risks Related to Our Business

1. 01Our success depends on the development and operation of the Livengood Gold Project, which is our only project
2. 02We have a history of losses and expect to continue to incur losses in the future
3. 03We are a development stage company and have no history producing metals from our properties. Any future revenues and profits are uncertain
4. 04We will require additional financing to fund further exploration and, if warranted, development and production. Failure to obtain additional financing could have a material adverse effect on our financial condition and results of operation and could cast uncertainty on our ability to continue as a going concern
5. 05Resource exploration and development is a highly speculative business, and certain inherent risks could have a negative effect on our business
6. 06Mineral resource estimates are based on interpretation and assumptions and could be inaccurate or yield less mineral production under actual conditions than is currently estimated. Any material changes in these estimates will affect the economic viability of placing a property into production
7. 07There may be differences in U.S. and Canadian practices for reporting mineral reserves and resources
8. 08Increased costs could affect our ability to bring our projects into production and, once in production, our financial condition and ability to be profitable
9. 09The volatility of the price of gold could adversely affect any future operations and, if warranted, our ability to develop our properties
10. 10Our results of operations could be affected by currency fluctuations
11. 11Resource exploration, development and production involve a high degree of risk and we do not maintain insurance with respect to certain of these risks, which exposes us to significant risk of loss
12. 12We may not be able to obtain all required permits and licenses to place any of our properties into production
13. 13Title to the Livengood Gold Project may be subject to defects in title or other claims, which could affect our property rights and claims
14. 14The Company may not have and may not be able to obtain surface or access rights to all or a portion of the Livengood Gold Project
15. 15We are subject to significant governmental regulations which affect our operations and costs of conducting our business
16. 16Legislation has been proposed that would significantly affect the mining industry and our business
17. 17Our activities are subject to environmental laws and regulations that may increase our costs of doing business and restrict our operations
18. 18Regulations and pending legislation governing issues involving climate change could result in increased operating costs, which could have a material adverse effect on our business
19. 19Land reclamation requirements for our properties may be burdensome and expensive in the future
20. 20The mining industry is intensely competitive, and we have limited financial and personnel resources with which to compete
21. 21A shortage of equipment and supplies could adversely affect our ability to operate our business
22. 22We are dependent on key personnel and the absence of any of these individuals could adversely affect our business. We may experience difficulty attracting and retaining qualified personnel
23. 23Our ability to use our net operating loss carryforwards to offset future taxable income may be subject to certain limitations
24. 24A significant disruption to our information technology systems or those of our third-party service providers could adversely affect our business and operating results

Risks Related to Our Common Shares

1. 25Our share price may be volatile and as a result you could lose all or part of your investment
2. 26Future sales of our securities in the public or private markets will dilute our current shareholders and could adversely affect the trading price of our common shares and our ability to continue to raise funds in new stock offerings
3. 27We have never paid dividends on our common shares