Tier One Silver Inc. TSLV.V

Company Overview

Tier One Silver Inc. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of silver, gold, and base-metal assets in Peru. The company operates within the precious metals exploration industry and is primarily focused on advancing high-grade silver and polymetallic exploration projects in mineral-rich districts of South America. Its core value proposition is centered on identifying underexplored epithermal and porphyry systems with district-scale potential, particularly in regions with established mining infrastructure and geological continuity.

The company’s principal assets include the Curibaya Project in southern Peru and the Hurricane Silver Project, both targeting high-grade silver and gold mineralization. Tier One Silver was formed through the spinout of Peruvian exploration assets associated with mining entrepreneur groups linked to the broader Metals Group ecosystem, and it became publicly listed on the TSX Venture Exchange under the symbol TSLV. The company’s strategy has evolved from early-stage regional targeting toward systematic drilling and resource delineation intended to position its projects for future development, partnership, or acquisition opportunities within the precious metals sector.

Business Operations

Tier One Silver generates value primarily through mineral exploration activities, including geological mapping, geophysical surveys, trenching, sampling, and diamond drilling programs conducted across its Peruvian portfolio. Its principal operating focus is the Curibaya Project, an epithermal silver-gold system located in Tacna, Peru, where the company has reported multiple high-grade drill intercepts and extensive vein structures. The company also maintains interests in additional exploration-stage projects targeting silver-rich mineral systems in Peru. As a pre-revenue exploration company, it does not currently generate operating income from mineral production and instead relies on equity financing and strategic capital raising to fund exploration and corporate activities.

Operations are concentrated in Peru, with corporate management and capital markets activities coordinated from Canada. The company controls exploration concessions and geological datasets associated with its projects and utilizes in-country technical teams, consultants, and drilling contractors to execute exploration campaigns. Tier One Silver has historically maintained strategic relationships with mining financiers, technical advisors, and exploration professionals with prior experience in Latin American mining jurisdictions. Public disclosures in SEDAR+ filings and corporate presentations indicate that exploration expenditures remain the primary operational investment category.

Strategic Position & Investments

Tier One Silver’s strategic direction is focused on advancing high-grade silver and gold exploration assets in Peru through staged drilling programs designed to expand known mineralized structures and identify new discovery targets. The company has prioritized systematic exploration at Curibaya, including step-out drilling, target generation, and district-scale geological interpretation. Management has consistently emphasized Peru’s established mining framework and geological potential as core components of the company’s long-term growth strategy.

The company has also pursued portfolio expansion through the acquisition and maintenance of additional mineral concessions in prospective Peruvian mining belts. Its exploration model targets emerging silver districts that may attract interest from larger mining companies seeking pipeline development assets. Tier One Silver has highlighted exposure to the global silver market, including potential demand linked to industrial electrification and renewable energy applications, though the company remains primarily an exploration-stage issuer rather than a producing mining enterprise. Publicly available information does not indicate ownership of producing subsidiaries or material operating joint ventures as of recent disclosures.

Geographic Footprint

Tier One Silver is headquartered in Vancouver, Canada, while its exploration operations are concentrated in Peru, particularly in the southern Andean mining regions. The company’s principal projects are located in areas with historical mining activity and access to regional infrastructure, including roads and nearby mining-service ecosystems. Peru represents the company’s dominant operational jurisdiction and strategic investment focus.

Although Tier One Silver’s physical asset base is concentrated in South America, the company maintains a broader international capital markets presence through Canadian public markets and engagement with global mining investors. Its shareholder base and financing activities involve participants from North America and other international mining investment centers, reflecting the global nature of the precious metals exploration sector.

Leadership & Governance

Tier One Silver’s leadership team includes executives and directors with backgrounds in mineral exploration, capital markets, corporate finance, and Latin American mining operations. The company has emphasized technical exploration expertise and disciplined capital allocation as central elements of its governance and operational philosophy. Management communications and investor materials have consistently focused on systematic exploration, geological targeting, and long-term asset advancement within established mining jurisdictions.

Key executives and leadership figures include:

• Peter Dembicki – President, Chief Executive Officer, and Director
• Shawn Wallace – Chair of the Board
• Marlon Villegas – Vice President of Exploration
• David Gower – Director
• Steve Cook – Director

Corporate governance oversight is conducted through the board of directors and standard TSX Venture Exchange reporting requirements, including continuous disclosure obligations through SEDAR+ filings. Publicly available disclosures indicate that leadership strategy remains focused on advancing exploration milestones, maintaining financial flexibility, and increasing the geological understanding of the company’s Peruvian assets.