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E2 Metals Ltd. ( (AU:USL) ) has issued an announcement.
Unico Silver’s December 2025 quarter marked a key transition for the Joaquin silver-gold project, with exceptional infill and extensional drilling at La Negra SE, La Morocha and La Morocha SE confirming wide, shallow oxide mineralisation suitable for conventional open-pit mining and supporting a move directly to a Pre-Feasibility Study-level Mineral Resource Estimate. The company ramped up to five drill rigs, initiated geotechnical, metallurgical and environmental baseline studies, and materially strengthened its balance sheet via a $40 million institutional placement and an upsized $10.3 million share purchase plan, ending the quarter with about $66 million in cash to fund accelerated drilling, resource conversion and PFS workstreams that de-risk the project and advance its growth strategies.
The most recent analyst rating on (AU:USL) stock is a Hold with a A$1.00 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 Ltd is an ASX-listed precious metals explorer and developer focused on silver-gold projects, with its flagship Joaquin project advancing in Argentina. The company is pursuing growth through its PLUS 150 and BEYOND 300 strategies, targeting rapid resource conversion, district-scale exploration and progression from exploration to development-stage assets.
Average Trading Volume: 5,007,107
Technical Sentiment Signal: Buy
Current Market Cap: A$638.4M
For detailed information about USL stock, go to TipRanks’ Stock Analysis page.