Tier One Silver Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 1, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	27	47	12	15	39	103
Market Cap Growth	81.36%	288.96%	-21.20%	-61.11%	-62.13%	-
Enterprise Value	23	42	12	15	36	95
Last Close Price	0.10	0.18	0.07	0.10	0.28	0.82
PB Ratio	7.10	12.17	23.81	6.37	9.40	21.48
P/TBV Ratio	7.10	12.17	23.81	6.37	9.40	21.48
Net Debt / Equity Ratio	-1.02	-1.02	-0.34	-0.35	-0.37	-0.54
Net Debt / EBITDA Ratio	1.77	1.77	0.06	0.17	0.21	0.17
Net Debt / FCF Ratio	1.62	1.62	0.08	0.19	0.22	0.20
Quick Ratio	3.01	3.01	0.21	0.85	1.94	2.42
Current Ratio	3.13	3.13	0.43	1.23	2.86	3.12
Return on Equity (ROE)	-150.27%	-150.27%	-255.16%	-167.51%	-172.77%	-317.49%
Return on Assets (ROA)	-49.42%	-49.42%	-85.78%	-74.54%	-84.41%	-166.04%
Return on Capital Employed (ROCE)	-67.80%	-67.80%	-384.70%	-201.40%	-172.70%	-339.50%
Earnings Yield	-11.97%	-6.98%	-30.77%	-36.06%	-19.81%	-16.95%
FCF Yield	-	-5.18%	-19.05%	-28.00%	-18.19%	-12.86%
Buyback Yield / Dilution	-19.92%	-19.92%	-14.02%	-9.90%	-8.12%	-9.98%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.