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Unico Silver Limited (ASX:USL)

ALERT: Price-sensitive ASX Announcement for USL
Current share price for USL : $0.610 -0.065 (-9.63%)+
Announcement
Release
18 Nov 2025 9:29AM
Price at Release
$0.675
Full Release
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Summary
Unico Silver Limited (USL) announced a successful $40 million placement to accelerate its growth strategy. The funds will support the company's BEYOND 300 and PLUS 150 strategies, facilitating increased drilling activities, resource conversion, and pre-feasibility studies at its Joaquin project. The placement involved the issuance of approximately 72.7 million new shares to various institutional investors at a price of $0.55 per share. Additionally, USL plans a share purchase plan to raise up to $5 million. Key upcoming milestones include updates on mineral resource estimates and the delivery of a maiden pre-feasibility study. The capital raise also aids USL’s qualification for Argentina’s RIGI investment regime, benefiting from tax reductions and investment stability.
Key Points
  • Unico Silver Limited raised $40 million through a placement.
  • 72.7 million new shares were issued at $0.55 each.
  • Funds support BEYOND 300 and PLUS 150 growth strategies.
  • Increased drilling and resource conversion at Joaquin project.
  • Share purchase plan targets additional $5 million.
  • Qualifies for Argentina’s RIGI regime for tax benefits.
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.