Company Overview

Tier One Silver Inc. is a Canadian-based mineral exploration company focused on the discovery and advancement of precious and base metal assets, primarily silver, gold, and copper. The company operates within the mining exploration industry and does not currently generate operating revenue, as its activities are centered on early- to mid-stage exploration rather than production. Tier One Silver’s strategy emphasizes district-scale exploration with the objective of delineating high-grade, economically viable mineral resources.

The company’s primary value driver is its flagship Curibaya Project in southern Peru, which is prospective for epithermal silver-gold and porphyry copper systems. Tier One Silver positions itself by combining a strong in-country technical team with a geological model informed by historical artisanal mining and modern exploration techniques. The company was incorporated in 2020 and went public in 2021, building its portfolio through project acquisition and option agreements rather than through mergers with producing entities.

Business Operations

Tier One Silver’s operations are organized around mineral exploration activities, including geological mapping, geochemical sampling, geophysical surveys, and diamond drilling. Its principal operating segment is mineral exploration, with a focus on advancing priority targets toward resource definition. As an exploration-stage issuer, the company generates capital primarily through equity financings rather than operating cash flow.

The company’s core asset is the Curibaya Project, where it holds a 100% interest subject to underlying royalties. Operations are conducted through local Peruvian subsidiaries that manage permitting, community relations, and field programs. Tier One Silver does not currently report any joint ventures or producing subsidiaries, and its assets are concentrated in exploration concessions rather than processing or mining infrastructure.

Strategic Position & Investments

Strategically, Tier One Silver is focused on advancing Curibaya through systematic drilling while continuing to evaluate additional exploration opportunities within Latin America, particularly in jurisdictions with established mining frameworks. Growth initiatives center on expanding known mineralized zones, testing new targets generated from geophysical data, and maintaining strong community engagement to support long-term project viability.

The company’s investments are primarily allocated to exploration expenditures, land package consolidation, and technical studies rather than acquisitions of producing assets. Tier One Silver has also emphasized building a technically experienced management and advisory team with extensive backgrounds in Andean geology. Data inconclusive based on available public sources regarding any material acquisitions beyond its existing project portfolio.

Geographic Footprint

Tier One Silver is headquartered in Canada, with its corporate office located in Vancouver, British Columbia, a global hub for mining finance and exploration management. The company’s operational footprint is concentrated in Peru, where its exploration concessions are located in the southern part of the country.

While its physical operations are limited to South America, Tier One Silver maintains capital markets access in North America through its public listings and investor base. The company does not currently report exploration or operational assets in other continents.

Leadership & Governance

Tier One Silver was founded by mining executives and geologists with prior experience in discovery-stage exploration companies operating in the Andes. The leadership team emphasizes technical rigor, disciplined capital allocation, and responsible exploration practices aligned with environmental and social standards.

Key executives and directors include:

• Greg Smith – Chief Executive Officer
• Iván Bebek – Chairman
• Peter Ball – Chief Financial Officer
• Dr. José Luis Quispe – Vice President, Exploration

Management’s stated vision focuses on creating shareholder value through high-impact exploration, leveraging local expertise in Peru, and advancing projects to a stage attractive for partnership or acquisition by larger mining companies.