Tier One Silver (TSXV:TSLV) Shakes Up Management and Expands Curibaya

Map view, Curibaya and major surrounding mines. Source: Tier One Silver

Tier One Silver (TSXV:TSLV) has made major strides in its Curibaya silver-gold mining project in Southwestern Peru by expanding its property from 11,000 hectares to 16,800 hectares. This land extension came after weeks of mapping and sampling since it covers the post mineralization volcanic cover. 

The company hopes to further increase the scope of its ground-based induced polarization (IP) geophysical survey so that it can map the whole mineralized area in the Curibaya mining region. According to Founder Ivan Bebek, it may be one of the more profitable enterprises for the company,

CEO Peter Dembicki commented:

“We are excited by what we’re seeing so far with our ongoing drill program at Curibaya and are pleased to expand our land position prior to receiving our first results. Ongoing surface sampling has continued to extend the alteration and mineralization footprints, and therefore, we are expanding our IP survey as well. We look forward to a very busy second half of 2021 with results from drilling and surface sampling.”

Management Shakeup for a Strong Path Forward

This expansion at Curibaya comes at a time of change in the company’s development as it has recently appointed a new President/CEO, Director, and Vice-President of Communications. Collective was spun out from Auryn Metals, and these changes bring financial expertise and signal confidence in future profits and dividends for shareholders. According to Bebek, this can be achieved with this new team and the budding flagship project in the Curibaya region.

Christy Strasesh was recently appointed by the company board of directors and brings a wealth of experience to the company’s financial strategy and management. She has over 15 years of experience with capital markets and with a CFA designation, has ample history with investment management.

Natasha Frakes was recently appointed VP of Communications, having worked with Tier One Silver’s founders Ivan Bebek and Shawn Wallace since she joined Torq Resources in 2018 as their Manager of Investor Relations. With a background in journalism, she has worked for CBC Vancouver and CBC Calgary and thus has a fundamental and comprehensive understanding of media. She has previously done communication work for three different companies in the mining industry; Fury Gold Mines, Tier One Silver, and Sombrero Resources.

Tier One’s (TSXV:TSLV) new President and CEO, Peter Dembicki, has ample experience with capital markets and investment strategies. He has managed many corporate finance projects and has an extensive network of high net worth venture capitalists and corporations. Being a member of Canaccord, a multi billion-dollar investment company, he oversaw many lucrative deals and will be a valuable asset to the financial health of Tier One at large.

This is likely the biggest change for the company, and likely point to a more fiscally strong future for the company and more profitable dividends for shareholders. Since joining the team, Dembicki commented

“I am thrilled to be joining the Tier One team. The track record of success of management, the caliber of the technical team and the quality of assets led to my decision to join the Company. I am looking forward to the numerous catalysts ahead, including exploration at Curibaya, growing the project portfolio, and pursuing world-class discoveries, with a primary focus on silver, as we enter the precious metals bull market.”

The company began trading on the TSX Venture Exchange on June 9, 2021, under the ticker TSLV on the TSX Venture Exhange and TSLVF on the OTC Markets. The company’s exploration plans and its strong ties with local communities, and commitment to environmental, social, and governance (ESG) principles are what has made it so attractive for investors thus far. The company has also applied for listing on the OTCQB, to expand options for US investors and broaden the investor base.

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above. 

By Matthew Evanoff

I cover the mining industry and the best mining stocks around the world. I write about industry news, individual companies, projects, management, and profiles on industry leaders.

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