Tier One Silver (TSLV) AI Stock Analysis

• Market Cap: C$32.34M
• Dividend Yield: N/A
• Average Volume (3M): 361.09K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.91
• Revenue Growth: N/A
• EPS Growth: 44.12%
• Country: CA
• Employees: 1
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): >-0.01
• Shares Outstanding: 258,732,850
• 10 Day Avg. Volume: 256,539
• 30 Day Avg. Volume: 361,087
• PEG Ratio: 0.08
• Price to Book (P/B): 23.29
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: C$0.13 ▼(-10.00% Downside)

The score is mainly held back by weak financial performance (pre-revenue, ongoing losses and cash burn), despite improving loss trends and a no-debt balance sheet. Technicals provide a modestly positive backdrop with price above key longer-term averages, while valuation remains challenged due to negative earnings. Corporate updates are constructive, particularly the renewed community agreement supporting upcoming drilling plans.

Positive Factors

Debt-free balance sheet

Having no reported debt materially lowers bankruptcy and interest-rate risk for a junior explorer. This durable strength increases strategic optionality to pursue deals, negotiate JV terms, and absorb exploration timing variability without fixed debt servicing constraints.

Narrowing losses / cost control

Meaningful reduction in headline losses signals improved cost discipline and more efficient capital deployment. For a pre-revenue explorer, narrowing losses extend runway, reduce near-term financing pressure, and improve the odds that future financings are less dilutive.

Secured community agreement enabling drilling

A renewed community agreement is a structural de-risking event for field programs: it secures social license, reduces permit-related delays and enhances the probability that planned drilling proceeds, increasing the chance of discovering value and attracting partners.

Negative Factors

Pre-revenue with negative cash flow

Persistent negative operating and free cash flow means the company cannot self-fund exploration. This structural cash deficit forces reliance on external capital, lengthens project timelines for value realization, and raises continuity risk if capital markets tighten.

Ongoing funding dependence / dilution risk

Dependence on equity financing is a durable structural constraint: repeated capital raises dilute existing shareholders, can compress eventual returns, and may make long-term planning and partner negotiations harder if market access becomes constrained.

Early-stage asset and execution risk

As an early-stage explorer with fluctuating assets and no producing operations, the business faces high geological and execution risk. Value is binary and tied to future discoveries or transactions, making cash-flow sustainability and predictability low over the medium term.

Tier One Silver Business Overview & Revenue Model

Company Description

Tier One Silver Inc. engages in the acquisition, exploration, and development of mineral properties in southwest Peru. The company explores for silver, gold, and base metal deposits. Its flagship property is Curibaya project that covers approximately 17,000 hectares located to north-northeast of the Tacna. The company also holds an option to acquire a 90% or 100% interest in Hurricane Silver project which covers approximately 32,000 hectares located in Cusco; and an option to acquire a 100% interest in the Coastal Batholith project totaling approximately 41,000 hectares. The company was formerly known as Tier One Metals Inc. and changed its name to Tier One Silver Inc. in January 2021. Tier One Silver Inc. was incorporated in 2020 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Tier One Silver makes money through the exploration and development of mineral properties, primarily focusing on silver and precious metals. The company generates revenue by identifying and developing high-potential mineral deposits, which can then be sold, leased, or partnered with larger mining companies for further development and production. Key revenue streams include the sale of mineral rights, joint ventures, and partnerships with other mining companies. Additionally, strategic investments and partnerships enable Tier One Silver to share exploration costs and increase the potential for successful discoveries. The company's earnings are influenced by factors such as commodity prices, exploration success, and the ability to attract investment for project development.

Tier One Silver Financial Statement Overview

Summary

Early-stage, pre-revenue profile with ongoing losses and negative operating/free cash flow. Positives include meaningfully narrowing losses over time and no reported debt with improved equity, but funding dependence remains until revenue and cash flow turn positive.

Income Statement

The company is pre-revenue (revenue is 0 across all periods), with consistently negative gross profit and sizable operating losses. Losses have narrowed meaningfully versus prior years (net loss improved from about -17.5M in 2021 to about -3.7M in 2024 and -2.4M in TTM (Trailing-Twelve-Months)), which is a positive cost-control signal, but profitability remains far away given the lack of revenue.

Balance Sheet

Reported debt is 0, which materially reduces balance-sheet risk versus leveraged peers. Equity increased sharply to ~5.37M in TTM (Trailing-Twelve-Months) from ~0.50M in 2024, improving capitalization; however, returns on equity are deeply negative (loss-making business), and asset levels have fluctuated, reflecting an early-stage profile with limited earnings support.

Cash Flow

Cash generation is weak with persistently negative operating cash flow and negative free cash flow (TTM (Trailing-Twelve-Months) free cash flow around -2.09M). Cash burn has improved substantially from 2021–2022 levels, and free cash flow has trended better over time, but the business still relies on external funding until revenue and operating cash flow turn positive.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-22.35K	-21.87K	-183.90K	-11.75K	-11.20K	-9.77K
EBITDA	-2.34M	-3.64M	-4.86M	-7.63M	-17.47M	-3.22M
Net Income	-2.36M	-3.68M	-5.48M	-7.74M	-17.49M	-3.27M
Balance Sheet
Total Assets	6.32M	1.96M	3.66M	5.23M	6.08M	6.70M
Cash, Cash Equivalents and Short-Term Investments	4.67M	171.29K	825.59K	1.55M	2.59M	2.73M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	955.53K	1.46M	1.28M	1.07M	1.28M	483.77K
Stockholders Equity	5.37M	502.98K	2.38M	4.16M	4.80M	6.21M
Cash Flow
Free Cash Flow	-2.09M	-2.28M	-4.26M	-7.07M	-13.26M	-3.32M
Operating Cash Flow	-2.09M	-2.28M	-4.25M	-6.94M	-12.59M	-2.79M
Investing Cash Flow	5.36K	32.60K	40.73K	-131.31K	-673.17K	-529.39K
Financing Cash Flow	6.44M	1.59M	3.49M	6.00M	13.12M	6.05M

Tier One Silver Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TSLV, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.14, and above the 200-day MA of 0.11, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 32.18 is Neutral, neither overbought nor oversold. The STOCH value of 4.76 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:TSLV.

Tier One Silver Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
TSLV	52 Neutral	C$32.34M	-9.40	-71.82%	―	―	44.12%
SBMI	52 Neutral	C$36.14M	-4.16	-9498.89%	―	―	-69.10%
PNTR	49 Neutral	C$46.67M	-35.35	-72.41%	―	―	-14.77%
MRZ	48 Neutral	C$54.01M	-5.00	-1572.16%	―	―	1.38%
EMPS	48 Neutral	C$105.74M	-23.16	-14.82%	―	―	-39.00%

Tier One Silver Corporate Events

Tier One Silver Launches Phase 2 Drilling at High-Grade Curibaya Project in Peru

Tier One Silver has begun preparations for a Phase 2 diamond drill program at its Curibaya project in southern Peru, targeting the high-grade Cambaya 1 corridor, an area that has not yet been drilled but has yielded strong silver and gold grades from surface channel sampling. The Q1 2026 campaign will comprise approximately 1,150 metres across seven drill holes from four platforms, designed to test the vertical continuity of high-grade mineralization and geophysical resistivity anomalies, as well as follow up on standout intercepts from the 2021 Phase 1 program. All planned drilling is covered under the company’s existing permit, which runs to October 2026 and allows substantial additional drilling, enabling Tier One to potentially expand the program at Cambaya 2 and other targets if early results and financing conditions are supportive, a move that could materially influence the project’s advancement and the company’s exploration profile in Peru.

The most recent analyst rating on (TSE:TSLV) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Tier One Silver stock, see the TSE:TSLV Stock Forecast page.

Tier One Silver Builds 2025 Foundation Ahead of Curibaya Drill Restart in 2026

Tier One Silver reported that 2025 was a foundational year in which it reinforced its financial footing through a January private placement and an oversubscribed $6.5 million equity financing, while securing an extended community agreement with the Chipispaya community to maintain exploration access at its Curibaya project into mid-2026. The company used the year to refine drill targets at Curibaya and now plans to restart drilling in the first quarter of 2026, focusing on high-grade silver, gold and base metal corridors, including the Cambaya structural target, alongside a broader strategy to evaluate accretive project acquisitions across South America amid a supportive silver price environment driven by structural supply-demand imbalances and robust industrial and investment demand.

The most recent analyst rating on (TSE:TSLV) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Tier One Silver stock, see the TSE:TSLV Stock Forecast page.

Tier One Silver Renews Community Agreement and Prepares for Drilling at Curibaya

Tier One Silver has renewed its social access agreement with the Chipispaya community at its Curibaya project in Peru, allowing the company to continue its exploration activities. This agreement is crucial for Tier One as it prepares for the next phase of drilling in early 2026, targeting high-grade silver-gold and copper deposits in the Cambaya area, which could significantly impact its operations and market positioning.

Tier One Silver Reports Strong Shareholder Support at 2025 AGM

Tier One Silver announced the results of its 2025 Annual General Meeting, where all director nominees were elected with overwhelming support, and the reappointment of Davidson & Company LLP as auditors was confirmed. Additionally, shareholders approved the company’s long-term incentive plan, which remains unchanged since its last approval. These outcomes reflect strong shareholder confidence in the company’s leadership and strategic direction, potentially reinforcing its position in the exploration industry.