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Unico Silver Limited (ASX:USL)

ALERT: Price-sensitive ASX Announcement for USL
Current share price for USL : $0.610 0.105 (20.79%)+
Announcement
Release
30 Oct 2025 8:45AM
Price at Release
$0.505
Full Release
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Summary
Unico Silver Limited's September 2025 Quarterly Report highlights key activities and financial performance for the period, emphasizing exploration and development activities in Argentina. The company completed a $25 million capital raise through the placement of new shares, enhancing their cash position to $28.8 million by the quarter's end. The report details significant drilling results at the La Negra and Cerro Leon projects, with advancements in resource growth and mineralization. Unico Silver has also finalized a deferred payment to Austral Gold for the acquisition of the Cerro Leon project, facilitating strategic restructuring to qualify for Argentina's investment incentives. The financials show expenditures on exploration and evaluation activities, as well as administrative costs, with no significant income from operations, reflecting a focus on development and future growth.
Key Points
  • Capital raise of $25 million through new shares.
  • Cash balance ended at $28.8 million.
  • Significant drilling advancements at La Negra and Cerro Leon projects.
  • Finalized deferred payment to Austral Gold for Cerro Leon acquisition.
  • Strategic restructuring to qualify for Argentina's investment incentives.
  • Focused expenditures on exploration and evaluation.
  • Financials reflect development focus with no major operational income.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.