TIER ONE SILVER INC. (TSLVF)
Based in Vancouver, Canada, Tier One Silver Inc. is a mineral exploration and development company that pinpoints, investigates, and cultivates mineral properties across southwest Peru. The firm actively searches for deposits of silver, gold, and other base metals. Its premier holding is the Curibaya project, an approximately 17,000-hectare site positioned to the northeast of Tacna. Furthermore, Tier One Silver has secured options to acquire substantial interests in two additional Peruvian ventures: the Hurricane Silver project, comprising roughly 32,000 hectares in the Cusco region (with potential for 90% or 100% ownership), and the Coastal Batholith project, which totals approximately 41,000 hectares (with an option for full ownership). Originally incorporated in 2020 as Tier One Metals Inc., the company adopted its current name, Tier One Silver Inc., in January 2021.
Industry: Other Precious Metals
Tier One Silver Inc.
OTC:TSLVFBasic Materials · Other Precious Metals
+1.05%$0.0415
Mkt Cap$7.31M
Float169.83M
O/S176.15M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$2.37M
Total Assets$4.26M
Free Cash Flow-$1.74M
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$2.79M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TSLVF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.26M
Liabilities$1.48M
Accounts Receivable$8K
Accounts Payable$0
Inventory$0
PP&E (Net)$1.02M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | - | - |
| Cost of Revenue | $16K | $15K | $139K | $9K | $9K | $8K | $0 |
| Gross Profit | -$16K | -$15K | -$139K | -$9K | -$9K | -$8K | $0 |
| Gross Margin | - | - | - | - | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.28M | $2.14M | $3.53M | $5.52M | $11.71M | $2.53M | $968K |
| Other | $0 | $0 | $0 | $118K | $199K | $0 | $264K |
| Total Operating Expenses | $2.28M | $2.14M | $3.53M | $5.64M | $11.91M | $2.53M | $1.23M |
| Operating Income (EBIT) | -$2.3M | -$2.15M | -$3.67M | -$5.65M | -$11.92M | -$2.54M | -$1.23M |
| Operating Margin | - | - | - | - | - | - | - |
| Interest Expense | $3K | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $21K | $23K | $32K | $29K | $0 | $0 | $0 |
| Other Income (Expense) | -$70K | -$407K | -$490K | -$64K | -$1.9M | -$27K | -$264K |
| Income Before Tax (EBT) | -$2.37M | -$2.56M | -$4.16M | -$5.69M | -$13.82M | -$2.57M | -$1.23M |
| Income Tax Expense | $0 | $0 | -$25K | $0 | $0 | $0 | $0 |
| Net Income | -$2.37M | -$2.56M | -$4.14M | -$5.71M | -$13.82M | -$2.57M | -$1.23M |
| Net Income Margin | - | - | - | - | - | - | - |
| Supplementary Data | |||||||
| EPS | -0.01 | -0.02 | -0.03 | -0.04 | -0.11 | -0.02 | -0.01 |
| Diluted EPS | -0.01 | -0.02 | -0.03 | -0.04 | -0.11 | -0.02 | -0.01 |
| Weighted Average OS | 200.72M | 167.38M | 146.80M | 133.57M | 123.55M | 125.79M | 125.79M |
| EBITDA | -$2.28M | -$2.53M | -$4.14M | -$5.69M | -$13.81M | -$2.53M | -$961K |
| EBITDA Margin | - | - | - | - | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $2.84M | $119K | $623K | $1.15M | $2.05M | $2.14M | $20K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.84M | $119K | $623K | $1.15M | $2.05M | $2.14M | $20K |
| Accounts Receivable | $8K | $22K | $37K | $13K | $18K | $11K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $106K | $144K | $112K | $236K | $475K | $30K | $42K |
| Total Current Assets | $2.95M | $285K | $956K | $1.7M | $2.67M | $2.27M | $65K |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $1.02M | $1.01M | $1.72M | $2.04M | $2.06M | $2.9M | $2.51M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $74K | $70K | $92K | $97K | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $215K | $0 | $0 | $23K | $79K | $84K | $114K |
| Total Long-Term Assets | $1.31M | $1.08M | $1.81M | $2.16M | $2.14M | $2.99M | $2.62M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $4.26M | $1.36M | $2.77M | $3.86M | $4.81M | $5.26M | $2.69M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $0 | $556K | $347K | $356K | $543K | $239K | $12K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $944K | $109K | $365K | $198K | $223K | $66K | $0 |
| Total Current Liabilities | $944K | $664K | $778K | $597K | $855K | $380K | $12K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $531K | $348K | $188K | $196K | $156K | $0 | $0 |
| Total Long-Term Liabilities | $531K | $348K | $188K | $196K | $156K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.48M | $1.01M | $966K | $793K | $1.01M | $380K | $12K |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $27.35M | $21.94M | $22.88M | $19.92M | $16.68M | $6.26M | $2.68M |
| Retained Earnings | -$28.61M | -$25.04M | -$24.41M | -$19.82M | -$15.12M | -$1.29M | $0 |
| Comprehensive Income & Other | $4.05M | $3.45M | $3.34M | $2.97M | $2.23M | -$98K | $0 |
| Other Stockholders' Equity | $4.05M | $3.45M | $3.34M | $2.97M | $2.23M | -$98K | $0 |
| Total Equity | $2.79M | $350K | $1.8M | $3.07M | $3.8M | $4.88M | $2.68M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.26M | $1.36M | $2.77M | $3.86M | $4.81M | $5.26M | $2.69M |
| Supplementary Data | |||||||
| Total Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Debt | -$2.84M | -$119K | -$623K | -$1.15M | -$2.05M | -$2.14M | -$20K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$2.37M | -$2.56M | -$4K | -$5.71M | -$13.82M | -$2.57M | -$1K |
| Depreciation & Amortization | $16K | $15K | $17K | $9K | $9K | $8K | $267K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $115K | $272 | $775 | $2K | $64K | $171 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $15K | $12K | -$23 | $4K | -$7K | -$11K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $359K | $158K | $341K | -$242K | -$233K | $330K | $42 |
| Total Working Capital Change | $374K | $170K | $341K | -$238K | -$241K | $319K | $42 |
| Other Non-Cash Items | $243K | $677K | -$3.56M | $820K | $4.1M | -$9K | -$267K |
| Net Cash from Operating | -$1.74M | -$1.59M | -$3.21M | -$5.12M | -$9.95M | -$2.19M | -$778 |
| Investing Activities | |||||||
| Capital Expenditures | $0 | $0 | $0 | -$96K | -$532K | -$416K | -$595 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$861 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$116K | $23K | $31K | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$116K | $23K | $31K | -$97K | -$532K | -$416K | -$595 |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | - | - | - | - |
| Common Stock Issuance | $4.57M | $1.11M | $2.63M | $4.43M | $10.38M | $4.75M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$3K | $1K | $816 | $0 | $0 | $0 | $1K |
| Net Cash from Financing | $4.57M | $1.11M | $2.63M | $4.43M | $10.38M | $4.75M | $1K |
| Forex Effect | -$167 | -$47K | $25K | -$116K | $16K | -$26 | $0 |
| Net Change in Cash | $2.72M | -$504K | -$523K | -$902K | -$95K | $2.14M | -$4 |
| Supplementary Data | |||||||
| Operating Cash Flow | -$1.74M | -$1.59M | -$3K | -$5.12M | -$9.95M | -$2.19M | -$778 |
| Capital Expenditure | $0 | $0 | $0 | -$96K | -$532K | -$416K | -$595 |
| Free Cash Flow | -$1.74M | -$1.59M | -$3K | -$5.21M | -$10.49M | -$2.6M | -$1K |
| Cash at Beginning | $119K | $623K | $1K | $2.05M | $2.14M | $20 | $24 |
| Cash at End | $2.84M | $119K | $623 | $1.15M | $2.05M | $2.14M | $20 |