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E2 Metals Ltd. ( (AU:USL) ) has provided an announcement.
Unico Silver Limited (USL) has successfully secured $40 million through a placement of new shares, attracting support from both existing and new institutional investors. This capital injection will enable the company to accelerate its drilling and resource conversion activities at its Joaquin project, moving from three to five rigs, and fast-track its metallurgical and geotechnical programs. The funds will also support USL’s qualification under Argentina’s RIGI investment regime, which offers fiscal benefits, and advance its BEYOND 300 and PLUS 150 strategies. Additionally, USL plans a share purchase plan to raise up to $5 million from eligible retail shareholders, further strengthening its financial position to support ongoing project development.
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.
Average Trading Volume: 3,682,387
Technical Sentiment Signal: Buy
Current Market Cap: A$347.2M
For an in-depth examination of USL stock, go to TipRanks’ Overview page.