Unico Silver Secures $25 million Placement to Boost Argentine Projects

Highlights:

• Unico Silver Limited (ASX: USL) secures $25 million via share placement at $0.35 per share.
• Funds to support a 30,000m drilling program at Cerro Leon and Joaquin projects in Argentina.
• Upcoming Mineral Resource updates and maiden Scoping Study to drive the next phase of growth.

Strong Investor Backing

Unico Silver Limited (ASX: USL) has successfully raised $25 million through a placement of new fully paid ordinary shares, drawing strong support from both domestic and offshore institutional investors. At the time of writing, the placement was priced at $0.35 per share, representing a 10.3% discount to the company’s last closing price of $0.39 on 15 August 2025.

The placement will see approximately 71.4 million shares issued, with settlement expected on 26 August 2025 and allotment on 27 August 2025. Canaccord Genuity acted as sole Lead Manager and Bookrunner, while SCP Resource Finance LP served as Co-Manager.

Funding Growth and Key Milestones

Proceeds from the capital raise will accelerate exploration at Unico Silver’s Cerro Leon and Joaquin projects in Argentina. The company plans an additional 30,000 metres of drilling across both sites, targeting near-resource extensions as well as new discoveries.

Managing Director Todd Williams said the financing significantly strengthens the company’s balance sheet and de-risks its development pathway. “We’re now able to immediately recommence drilling in early September, with programs designed to progress our PLUS 150 development strategy—aiming to define 150 million ounces of pit-constrained, free-milling silver equivalent,” Williams noted.

Upcoming Resource Updates

Unico Silver is also preparing to deliver two critical Mineral Resource Estimates, the first due in late September 2025 and another in the fourth quarter. These updates will incorporate drilling results from Cerro Leon and recent step-out discoveries at Joaquin, including La Negra SE and La Morocha SE. A maiden Scoping Study is also planned, with proceeds from the placement helping advance the company from discovery to development.

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