1. Lack of Diversification - Tier One Silver Inc is a relatively new company and has only one project in its portfolio. This lack of diversification makes the company more vulnerable to market fluctuations and other risks.

2. Limited Resources - As a new company, Tier One Silver Inc may have limited financial resources and may struggle to compete with larger, more established peers in terms of exploration and development.

3. Limited Track Record - Tier One Silver Inc has not yet established a track record of successful exploration and development projects, which may make it less attractive to investors and partners.

4. Dependence on Partnerships - Tier One Silver Inc may need to rely on partnerships with other companies to fund and develop its projects, which could limit its control over the direction and pace of development.

5. Regulatory Risks - The mining industry is subject to a range of regulatory risks, including environmental regulations, permitting requirements, and political instability. Tier One Silver Inc may face challenges navigating these risks, particularly in jurisdictions where it has limited experience.

6. Market Volatility - The price of silver and other precious metals can be highly volatile, which could impact the profitability of Tier One Silver Inc's projects and its ability to attract investors.

7. Competition - Tier One Silver Inc operates in a highly competitive industry, with many established players and new entrants vying for market share. This competition could make it difficult for the company to establish itself and grow its business.