Tier One Silver targets 70% stake in Ecuador’s Ruta de Cobre project with US$ 1.8 million initial payment
Reuters2026/08/13 21:13- Tier One Silver announced a plan to use US$1.8 million from a C$12 million to C$17 million financing to fund initial purchase payments tied to its option to acquire 70% control of Compañía Minera Ruta de Cobre.
- The conditional share purchase targets the Ruta de Cobre copper-molybdenum project in Ecuador’s Azuay province.
- Closing is conditional on concurrent execution and closing of the Ruta de Cobre transaction, with a targeted completion in early September 2026.
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