Tier One Silver Inc.
Tier One Silver Inc. (Vancouver-headquartered, incorporated 2020, spun out of Auryn Resources' 2021 three-way split; formerly Tier One Metals Inc.) is a silver-gold-copper explorer. Its 100%-owned flagship is the ~17,000-hectare Curibaya Project, roughly 48 km northeast of Tacna in southern Peru, where Phase I and Phase II drilling have confirmed high-grade silver-gold mineralization along a 6 km corridor (45% of 24 completed holes exceeding 150 g/t Ag plus a gold component, including one intercept of 448.2 g/t Ag and 0.37 g/t Au over 1m). No NI 43-101 resource estimate has been published; further drilling is planned to test for an initial inferred resource.
Notable vs. Peers
- Financials score of 2/10 is weaker than the peer average of 5.9/10.
- Trading within 7% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
Jurisdiction (40%)6/10
The Curibaya project is in Tacna, southern Peru, an established major mining country with developed infrastructure and institutions, but moderate regulatory and social-license risk.
Infrastructure (40%)6.4/10
Confirmed road access at Curibaya Project, Tacna, Southern Peru; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:1/10
Stage: Grassroots Exploration
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:6/10
Peru: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:5/10
Primary commodity: Silver
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, Chief Executive Officer and Director of Tier One Silver Inc.; also a director of Stallion Uranium Corp. Over 10 years in corporate finance and wealth management; formerly with Canaccord Genuity.
Chief Financial Officer of Coppernico Metals Inc.; also Chief Financial Officer of Tier One Silver Inc. (CPA) 18+ years' experience in accounting, auditing and corporate finance at Canadian and US publicly listed mineral exploration and mining companies. Previously CFO at Auryn Resources and Torq Resources; earlier worked in KPMG's mining division. Bachelor of Commerce in Accounting, University of British Columbia.
Senior Vice President of Corporate Development of Coppernico Metals Inc.; also Senior Vice President of Exploration of Tier One Silver Inc. (P.Geo.) Leads exploration operations in South America. Formerly at Bear Creek Mining on major silver-lead-zinc discoveries in Peru. Master's degree in Economic Geology; 20+ years' experience in exploration, mining development and operations, specializing in Peru.
Corporate Secretary of Torq Resources Inc. (TSXV: TORQ), and concurrently Corporate Secretary of Coppernico Metals Inc. and Tier One Silver Inc. Group Corporate Secretary of Universal Mineral Services Ltd., through which the role is provided. Ten years of experience providing administrative, governance, regulatory compliance, AGM management and financing transaction support to public companies. Source: torqresources.com/corporate/management/.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
ASA Gold and Precious Metals Limited, a genuine specialist closed-end fund dedicated to precious-metals mining equities, holds a real 9.86% stake -- the one outside specialist position on the register. Chairman Ivan Bebek has a strong mining deal-making track record (he sold Cayden Resources to Agnico Eagle for $205M), but as company leadership he is insider domain expertise, not outside informed capital, and this metric does not credit it.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Tier One Silver, spun out of Auryn Resources in 2021, explores for silver, gold and copper at its 100%-owned Curibaya project, about 17,000 hectares some 48 km north-east of Tacna in southern Peru. Phase I and Phase II drilling have confirmed high-grade silver-gold mineralisation along a 6 km corridor, with 45% of 24 completed holes exceeding 150 g/t silver, including 1 metre of 448.2 g/t silver and 0.37 g/t gold. In June 2026 it signed a letter of intent to acquire a 70% interest in Compania Minera Ruta de Cobre, holder of a copper-molybdenum project in Ecuador, and in August 2026 it announced a financing of C$12-17 million to fund the acquisition. No NI 43-101 resource has been published for Curibaya.
No reports or presentations linked yet.