20268 releases
Tier One Silver Advances Ruta de Cobre Transaction and Revises Financing
The unit financing has been amended to minimum gross proceeds of C$7.4 million and a maximum of C$9.0 million, with an over-allotment option for up to an additional C$4.5 million of units at C$0.07 per unit, bringing the maximum offering to C$13.5 million if exercised in full. Closing is interdependent on concurrent execution of the agreement to conditionally acquire 70% of Compañía Minera Ruta de Cobre S.A., now targeted for October 8, 2026. US$1.8 million of net proceeds will fund the initial purchase payment.
AcquisitionTier One Silver Announces C$12 - C$17 Million Financing to Fund Ruta de Cobre Acquisition and Exploration
A best efforts private placement of units at C$0.07 each has been launched for minimum gross proceeds of C$12 million and a maximum of C$17 million, with a C$8.5 million over-allotment option that could take the offering to C$25.5 million; each unit includes one share and one warrant exercisable at C$0.15 for three years, with closing targeted for early September 2026. US$1.8 million will fund the initial purchase payment for the 70% control share purchase option of Compañía Minera Ruta de Cobre S.A., a copper-molybdenum project in Azuay Province, Ecuador, with the balance for Ecuadoran exploration and working capital. 3L Capital Inc.
FinancingTier One Silver Signs Letter of Intent to Option 70% of Compañía Minera Ruta De Cobre, S.A., Holder of Copper-Molybdenum Project, Ecuador
A letter of intent signed June 28, 2026 gives Tier One Silver the option to acquire a 70% controlling interest in Compañía Minera Ruta de Cobre S.A., holder of three concessions covering the RDC copper-molybdenum porphyry project in Azuay Province, Ecuador, for US$39.4 million in staged payments through the sixth anniversary of the Effective Date, plus US$64.4 million in minimum exploration expenditures. A definitive agreement is targeted within 21 days, subject to TSXV approval and roughly $20 million in financing, which Tier One aims to complete by the end of Q3 2026.
AcquisitionTier One Silver Reports Additional High-Grade Intercepts, Including 1 Metre of 448.2 g/t Ag and 0.37 g/t Au, from Phase 2 Drilling at Curibaya
Final assay results from the eight-hole, 1,133.6 m Phase 2 diamond drill program at the Curibaya silver-gold-copper project in Tacna, Peru returned 1.0 m of 448.2 g/t silver and 0.37 g/t gold within 4.0 m of 136.2 g/t Ag and 0.15 g/t Au in hole 26CUR-023, and 2.70 m of 284.41 g/t Ag and 1.29 g/t Au, including 0.70 m of 1,015.00 g/t Ag and 4.52 g/t Au, in hole 26CUR-018. Seven of eight holes contained silver and gold. Tier One has begun work on an EIA-sd permit allowing more than 200 drill holes, with next drilling likely at Cambaya II.
Drill resultsTier One Silver Intersects 0.7 Metres of 1,015 g/t Silver and 4.52 g/t Gold at Curibaya
Assay results from the first four of eight holes of Phase 2 diamond drilling at the Curibaya silver-gold-copper project in Tacna, Peru returned 0.7 m of 1,015 g/t silver and 4.52 g/t gold within 2.7 m of 284.4 g/t silver and 1.29 g/t gold in hole 26CUR-018 in the Cambaya I corridor. The 1,133.6 m program averaged about 140 m per hole; four holes remain pending. Tier One is applying for an EIA-sd to expand permitting to up to 220 drill holes, with submission expected in Q3 2026.
Drill resultsTier One Silver Commences Phase 2 Drilling at High-Grade Curibaya Project in Peru
Phase 2 diamond drilling has begun at the Curibaya silver-gold-copper project in southern Peru, the first follow-up to the 2021 inaugural campaign, with San Jose Drilling engaged as contractor. The program initially comprises approximately 1,150 m in seven holes from four platforms, expected to be completed in Q1 2026, mainly testing beneath high-grade channel samples in the undrilled Cambaya 1 corridor, plus one platform at Sambalay. Additional channel sampling across Cambaya 1 and 2 is planned.
Drill resultsTier One Silver to Commence Drill Program at High-Grade Flagship, Curibaya Project, in Southern Peru
Preparations have begun for a Phase 2 diamond drill program at the Curibaya silver-gold-copper project in Tacna, Peru, targeting the previously undrilled Cambaya 1 corridor. The program consists of approximately 1,150 metres in seven holes from four platforms with one rig, averaging 150 m–250 m per hole, and is targeted for completion in Q1 2026. Drilling will test beneath channel samples including 4.5 m of 408 g/t Ag and 1.48 g/t Au. Existing permits run to October 2026.
Drill resultsTier One Silver Provides 2025 Year-End Corporate and Operational Recap and Outlines Growth Catalysts for 2026
Drilling is planned to recommence in Q1 2026 at the Curibaya project in southern Peru, targeting priority high-grade silver, gold and base metal corridors including the Cambaya structural target, alongside a channel and rock sampling campaign in the Cambaya area. During 2025 the company closed a January private placement with insiders taking approximately 38.5%, an oversubscribed $6.5 million equity financing in the third quarter, and extended its community agreement with the Chipispaya community into mid-2026 with a renewal option.
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