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An announcement from E2 Metals Ltd. ( (AU:USL) ) is now available.
Unico Silver Limited has more than doubled its Share Purchase Plan (SPP) to $10.32 million after receiving applications of over $19 million and a 22% participation rate from eligible shareholders, significantly above the original $5 million target. Together with a previously announced institutional placement, the company has now secured a total of $50 million before costs, with new SPP shares issued on 22 December 2025 and trading commencing on the ASX the following day, and the funds earmarked to advance its Joaquin and Cerro Leon Silver Projects, underscoring strong investor support for its development pipeline.
The most recent analyst rating on (AU:USL) stock is a Buy with a A$1.30 price target. To see the full list of analyst forecasts on E2 Metals Ltd. stock, see the AU:USL Stock Forecast page.
More about E2 Metals Ltd.
Unico Silver Limited is an Australian-listed resources company focused on the exploration and development of silver projects, including its flagship Joaquin and Cerro Leon Silver Projects, positioning it within the precious metals mining and exploration sector.
Average Trading Volume: 4,666,568
Technical Sentiment Signal: Buy
Current Market Cap: A$464.6M
Find detailed analytics on USL stock on TipRanks’ Stock Analysis page.