News Summary
On December 16, 2025, Tier One Silver Inc. announced the extension of its social access agreement with the Chipispaya community, which grants access to the Curibaya project in Peru. This renewed agreement is effective through June 11, 2026, with an option for further extension upon community assembly approval. The company reaffirmed its commitment to local employment and training initiatives as part of this partnership.
With the social access secured, Tier One Silver is now preparing for its next drill campaign, scheduled to commence in Q1 2026. This campaign will focus on expanding high-priority silver-gold targets, specifically in the Cambaya area, which has not been previously drilled. The 17,000-hectare Curibaya project is noted to host six distinct high-grade silver-gold mineralized corridors and a copper porphyry target.
Material Impact
This news is positive but routine, as it primarily confirms the company’s ability to continue its planned exploration activities. The social access agreement is a fundamental prerequisite for any mining exploration in the region, and its renewal ensures operational continuity. The CEO’s statement highlights the company’s commitment to responsible advancement and the “significant high-grade silver-gold and copper potential” at Cambaya, which remains undrilled.
The preparation for a Q1 2026 drill campaign is in line with previous expectations, as the June 9, 2025 news release also mentioned a target drill program timing of Q3 2025 (subject to financing). The subsequent September 2025 financing ($6.5 million) provided the necessary capital, and this latest update confirms the timeline for deployment of those funds into exploration. The fact that the Cambaya corridors have “never been drilled” presents genuine exploration upside, but the current news is an enabling step rather than a discovery. The market impact is likely to be neutral to slightly positive, as it de-risks a key operational aspect and keeps the pipeline for future catalysts active.
Catalysts
The immediate focus for Tier One Silver will be the commencement and progress of its drill campaign at the Curibaya project in Q1 2026. Investors should look for:
– Specific details regarding the drill program (number of holes, metres, target depths).
– Updates on drill progress and visual observations, if any.
– The timing and results of assays from the Cambaya target area, which is highlighted as the highest-priority silver-gold target and has never been drilled.
Beyond the initial drill campaign, the company’s cash position will be critical. Given the burn rate, the market will monitor for any indications of further financing needs, particularly as exploration activities typically escalate costs.
Materiality Conclusion
The renewal of the community partnership and preparation for drilling are positive operational developments, confirming the company’s ability to execute its exploration strategy. However, this news does not represent a new discovery, a major strategic partnership, or an unexpected financing event. It’s a foundational, but expected, step in advancing the Curibaya project. Therefore, the impact is considered Routine – Positive.
