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Unico Silver Resumes Drilling at Joaquin Project After $25M Capital Raise

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Unico Silver Resumes Drilling at Joaquin Project After $25M Capital Raise

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The latest announcement is out from E2 Metals Ltd. ( (AU:USL) ).

Unico Silver Limited has announced the recommencement of drilling at its Joaquin Project in Argentina following a successful $25 million capital raise. The new phase of drilling will target the La Negra SE and La Morocha SE discoveries, aiming to convert recent high-grade silver findings into a second JORC resource estimate by early 2026. This development is part of Unico’s strategy to deliver a maiden Scoping Study in the first half of 2026, supported by strong institutional backing and a fully funded balance sheet.

More about E2 Metals Ltd.

Unico Silver Limited is a company operating in the mining industry, focusing on silver exploration and development projects. Its primary operations are centered around the Joaquin Project in Santa Cruz, Argentina, where it aims to expand its resource base and enhance its market positioning.

Average Trading Volume: 2,169,685

Technical Sentiment Signal: Buy

Current Market Cap: A$198.7M

For an in-depth examination of USL stock, go to TipRanks’ Overview page.

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