Tier One Silver Revises Financing

07:42 AM EDT, 09/25/2026 (MT Newswires) -- Tier One Silver (TSLV.V) revised the size of its previously announced financing, now seeking to raise up to CA$13.5 million from CA$25.5 million previously. Tier One now aims to raise CA$7.4 million to CA$9.0 million in its unit offering, with an overallotment option of CA$4.5 million, the mining exploration company said late Thursday. In August, Tier One had aimed to raise CA$12 million to C$17 million, with an overallotment option of CA$8.5 million. The units will remain priced at CA$0.07 apiece. Each unit consists of one share and one warrant. Each warrant can be exercised for C$0.15 per share for three years. Tier One plans to use the funds to finance its planned acquisition of a 70% stake in Compania Minera Ruta de Cobre, which operates a copper-molybdenum project in Ecuador. The company said it will also use the proceeds to establish local exploration operations in Ecuador.