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E2 Metals Ltd.
(Sydney:USL)
E2 Metals Ltd. (USL) vs. iShares MSCI Australia ETF (EWA)
E2 Metals Ltd. Business Overview & Revenue Model
E2 Metals Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.72M | 2.75M | 950.76K | 61.47K | 0.00 | 0.00 |
| Gross Profit | 3.72M | 2.75M | -83.64K | 1.06K | -69.57K | -17.97K |
| EBITDA | -22.78M | -23.75M | -2.95M | -17.69M | -10.11M | -6.16M |
| Net Income | -24.00M | -24.00M | -2.83M | -17.69M | -8.93M | -5.20M |
Balance Sheet | ||||||
| Total Assets | 15.02M | 15.02M | 6.72M | 10.45M | 11.18M | 12.37M |
| Cash, Cash Equivalents and Short-Term Investments | 12.50M | 12.50M | 5.05M | 8.53M | 10.68M | 11.04M |
| Total Debt | 0.00 | 0.00 | 0.00 | 171.23K | 205.19K | 0.00 |
| Total Liabilities | 4.26M | 4.26M | 2.66M | 3.78M | 633.97K | 186.28K |
| Stockholders Equity | 10.76M | 10.76M | 4.06M | 10.04M | 13.66M | 13.86M |
Cash Flow | ||||||
| Free Cash Flow | -17.38M | -17.38M | -2.58M | -2.41M | -13.63M | -10.53M |
| Operating Cash Flow | -17.29M | -17.29M | -2.58M | -5.07M | -13.63M | -10.39M |
| Investing Cash Flow | -3.71M | -3.71M | -867.05K | -2.66M | 5.28M | 3.52M |
| Financing Cash Flow | 28.44M | 28.44M | -30.50K | 5.61M | 7.94M | 14.52M |
E2 Metals Ltd. Technical Analysis
E2 Metals Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | €461.52M | -91.30 | -2.59% | ― | -19.06% | -53.33% | |
53 Neutral | AU$576.53M | -15.26 | -323.90% | ― | ― | -428.57% | |
46 Neutral | AU$112.12M | -52.73 | -16.47% | ― | ― | -19.57% | |
45 Neutral | AU$214.54M | -17.21 | -454.45% | ― | ― | 15.86% |
E2 Metals Ltd. Corporate Events
Unico Silver Limited has disclosed a change in the interests of director Peter James Mullens, who increased his indirect shareholding through the Mullens Family Super Fund by acquiring 46,364 fully paid ordinary shares at $0.55 per share via participation in the company’s share purchase plan. Following this transaction, Mullens’ indirect holding rose to 1,268,586 fully paid ordinary shares, while his existing package of 4 million unlisted options remains unchanged, signalling continued financial alignment of the director with the company’s equity performance.
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.
Unico Silver Limited has reported a change in the indirect security holdings of director Peter Canterbury, who, through Cantley Investments Pty Ltd, increased his stake in the company by acquiring 46,364 fully paid ordinary shares at $0.55 per share via participation in the share purchase plan (SPP). Following this transaction, Cantley Investments now holds 96,364 fully paid ordinary shares in Unico Silver, in addition to 1,000,000 unlisted options exercisable at $0.812 each and expiring on 4 December 2028, signalling continued director support for the company’s capital management initiatives and future growth plans.
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.
Unico Silver Limited has applied to the ASX for quotation of 18,779,299 new fully paid ordinary shares under the code USL, following a previously announced transaction. The issuance, dated 22 December 2025, will increase the company’s quoted share capital and may broaden its investor base and liquidity, although the announcement provides no further details on the underlying transaction or use of proceeds.
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.
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.
E2 Metals Ltd. announced a change in the director’s interest notice, indicating a transfer of 55,550 fully paid ordinary shares from a direct holding to the SMSF TERF Super fund account. This change reflects a reallocation of shares within the director’s holdings, with no new shares acquired or disposed of, potentially impacting the director’s financial strategy and investment structure.
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.
Unico Silver Limited has announced the issuance of 1,000,000 fully paid ordinary shares following the conversion of unlisted options. This move, executed without disclosure under Part 6D.2 of the Corporations Act, indicates the company’s compliance with relevant legal provisions and suggests a strategic step in its financial operations.
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.
Unico Silver Limited has announced the issuance of 1,000,000 fully paid ordinary shares, which will be quoted on the Australian Securities Exchange (ASX) under the code USL. This move is part of the company’s strategic efforts to enhance its market presence and provide liquidity to its shareholders, potentially impacting its market positioning positively.
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.
Unico Silver Limited has announced a change in the director’s interest notice involving Peter James Mullens. The change involves the acquisition of 2,000,000 unlisted options exercisable at $0.812 each, expiring on December 4, 2028, following shareholder approval at the Annual General Meeting. This adjustment in director’s interests reflects strategic financial maneuvers within the company, potentially impacting its governance and shareholder value.
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.
E2 Metals Ltd. has announced a change in the interest of its director, Jose Bordogna, involving the acquisition of 1,000,000 unlisted options exercisable at $0.812 each, expiring on December 4, 2028. This change follows shareholder approval at the company’s Annual General Meeting, indicating strategic adjustments in director compensation or incentives, potentially impacting the company’s governance and shareholder relations.
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.
Unico Silver Limited has announced a change in the director’s interest in securities, specifically for Director Todd Jarrad Williams. The change involves the acquisition of 8,000,000 unlisted performance rights, which were issued following shareholder approval at the company’s Annual General Meeting. This adjustment in the director’s holdings reflects a strategic move to align interests with company performance, potentially impacting the company’s governance and signaling confidence in future growth.
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.
Unico Silver Limited has announced the issuance of 1,000,000 unquoted securities under an employee incentive scheme. These securities, which are not yet quoted on the ASX, are subject to transfer restrictions until the restrictions are lifted. This move is part of the company’s strategy to incentivize employees and align their interests with the company’s growth objectives.
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.
Unico Silver Limited has announced a change in the director’s interest, specifically regarding Peter Canterbury, who is a director and beneficiary of Cantley Investments Pty Ltd. The change involves the acquisition of 1,000,000 unlisted options, exercisable at $0.812 each and expiring on December 4, 2028, following shareholder approval at the recent Annual General Meeting. This acquisition reflects strategic decisions made by the company to align with shareholder interests and potentially enhance its market position.
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.
Unico Silver Limited has announced a change in the director’s interest notice, involving Melanie Jaye Leydin. The change includes the acquisition of 1,000,000 unlisted options exercisable at $0.812 each, expiring on December 4, 2028. These options were issued following shareholder approval at the company’s Annual General Meeting.
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.
Unico Silver Limited has announced the issuance of unquoted equity securities, specifically 8 million performance rights and 4 million options, as part of an employee incentive scheme. These securities are subject to transfer restrictions and will not be quoted on the ASX until the restrictions end, potentially impacting employee retention and motivation strategies.
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.
Unico Silver Limited has announced significant assay results from its ongoing drill program at the Joaquin Project in Santa Cruz, Argentina. The results confirm the continuity of near-surface mineralization at the La Negra SE and La Morocha SE sites, which are crucial for the company’s maiden feasibility study. The project is part of a larger 30,000m drill program aimed at regional exploration and the delineation of high-confidence silver ounces. The company is advancing its project development with geotechnical drilling and environmental studies, positioning Joaquin as a near-term production opportunity.
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.
Unico Silver Limited has successfully completed a placement of 72,727,273 fully paid ordinary shares at $0.55 each, raising $40 million. The company is also dispatching an offer booklet for a share purchase plan (SPP) to eligible shareholders in Australia and New Zealand, allowing them to subscribe for up to $30,000 worth of shares at the same price. This strategic move aims to strengthen the company’s financial position and potentially enhance its market presence.
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.
Unico Silver Limited has announced the issuance of 72,727,273 fully paid ordinary shares as part of a placement transaction previously disclosed to the market. The shares were issued without the need for disclosure under the Corporations Act, and the company confirms compliance with relevant legislative provisions, ensuring transparency and adherence to regulatory requirements.
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.
Unico Silver Limited, an entity listed on the Australian Securities Exchange (ASX), has announced the issuance of 72,727,273 fully paid ordinary shares under the ASX security code USL. This move, part of previously announced transactions, signifies Unico Silver Limited’s ongoing efforts to expand its market presence and enhance its capital structure, potentially impacting its market positioning and stakeholder interests.
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.
Unico Silver Limited has announced a proposed issue of securities, including an offer under a securities purchase plan and a placement. The company plans to issue up to 9,090,910 ordinary fully paid securities under the purchase plan and up to 72,727,273 through a placement. The offer aims to enhance the company’s capital structure and potentially improve its market position.
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.
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.
Unico Silver Limited, a company listed on the Australian Securities Exchange, has requested a trading halt for its ordinary shares. This halt is in anticipation of a proposed capital raising, with trading expected to resume by 18 November 2025 or upon the release of the related announcement. The decision reflects strategic financial planning, potentially impacting stakeholders by influencing the company’s market position and future operations.
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.
E2 Metals Ltd. has announced a change in the director’s interest, as Peter Canterbury, a director and beneficiary of Cantley Investments Pty Ltd, acquired 50,000 Fully Paid Ordinary Shares through an on-market trade. This acquisition reflects a strategic move by the director, potentially indicating confidence in the company’s future performance and aligning his interests more closely with those of the shareholders.
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.
Unico Silver Limited announced the results of its 2025 Annual General Meeting, where all resolutions were carried. Key resolutions included the adoption of the remuneration report, election and re-election of directors, ratification of prior issue of placement shares, and approval of long-term incentive performance rights and options to key personnel. These decisions are likely to strengthen the company’s governance structure and incentivize leadership, potentially impacting its strategic direction and stakeholder confidence.
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.
Unico Silver Limited, trading under the ASX ticker USL, has announced a series of significant developments in its silver exploration projects, particularly at the Joaquin and La Negra sites. These discoveries and drilling results highlight the company’s potential for growth and expansion in the silver mining sector, reinforcing its position as a promising player in the industry.
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.
Unico Silver Limited has announced a new application for the quotation of securities on the Australian Securities Exchange (ASX). The company is issuing 50,000 ordinary fully paid securities, which will be quoted under the ASX code USL starting November 7, 2025. This move is part of the company’s strategy to enhance its market presence and provide liquidity to its stakeholders.
Unico Silver Limited, operating in the mining industry, has announced significant high-grade silver-gold assay results from its Joaquin Project in Santa Cruz, Argentina. The results from the La Morocha, La Negra SE, and La Morocha SE prospects reinforce the project’s potential as a district-scale silver-gold system. The discoveries have extended mineralization in multiple directions, suggesting potential for open-pit development and highlighting the project’s robust scale and continuity.
E2 Metals Ltd. has announced a change in the director’s interest, specifically for Todd Jarrad Williams, who has converted 2,000,000 unlisted options and 2,000,000 unlisted performance rights into fully paid ordinary shares. This change increases Williams’ direct holding to 7,835,185 fully paid ordinary shares, reflecting strategic adjustments in his investment portfolio within the company.
Unico Silver Limited has announced the issuance of 4,000,000 fully paid ordinary shares as a result of converting unlisted options and performance rights. This move, made without disclosure under Part 6D.2 of the Corporations Act, indicates the company’s compliance with relevant legal provisions and suggests a strategic step in its capital management efforts.
Unico Silver Limited has announced a new issuance of 4,000,000 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code USL. This move follows the exercise of options or conversion of convertible securities, indicating a strategic step to potentially enhance the company’s capital structure and market presence.
Unico Silver Ltd. reported a strong operational quarter ending September 2025, marked by a 73% increase in the Cerro Leon Mineral Resource Estimate and the restart of a 30,000-meter drill campaign at Joaquin. The company also achieved significant progress in expanding high-grade oxide mineralization across multiple targets, supported by a $25 million equity placement. These developments position Unico Silver to advance its PLUS 150 and BEYOND 300 strategies, with a robust cash position of $28.8 million. The company’s strategic moves, including the completion of a deferred cash payment for the Pinguino properties, enable it to restructure and qualify for Argentina’s new investment incentives, potentially enhancing its market positioning and stakeholder value.
E2 Metals Ltd. has announced a change in the director’s interest, specifically involving Peter James Mullens. The change involves the acquisition of 50,000 unlisted options by the Mullens Family Super Fund Pty Ltd, with these options being exercisable at 20.74 cents each and expiring on 2 March 2026. This adjustment in holdings reflects an off-market transfer and highlights ongoing strategic financial maneuvers within the company.
Unico Silver Ltd, an emerging player in the silver mining industry, has been actively expanding its operations with significant developments in its La Negra and Cerro Leon projects. Recent drilling activities have resulted in substantial growth in silver resources, with the Cerro Leon project now boasting an increased estimate of 162 million ounces of silver equivalent. These advancements position Unico Silver as a promising contender in the silver market, potentially enhancing its industry standing and offering new opportunities for stakeholders.
Unico Silver Limited has announced significant assay results from step-out drilling at the La Negra SE discovery, part of its Joaquin Project. The drilling has successfully extended mineralization 100 meters southeast, with notable silver-gold oxide mineralization identified in several drill holes. The company plans to accelerate exploration efforts by deploying a third drill rig to expedite infill drilling and support resource conversion, aiming to achieve its development and exploration milestones.
Unico Silver Limited has announced its Annual General Meeting (AGM) will be held virtually on 12 November 2025 at 12:00 PM Melbourne time. Shareholders are encouraged to access meeting materials online and submit proxy votes and questions in advance to ensure smooth participation in the virtual meeting.
Unico Silver Limited has announced significant assay results from its La Negra SE discovery within the Joaquin Project in Santa Cruz, Argentina. The drilling results reveal substantial gold-silver mineralization, confirming the continuity and potential scale of the discovery. The company has decided to delay the maiden JORC Mineral Resource Estimate to incorporate these new findings, with ongoing drilling efforts aimed at expanding the resource footprint and supporting future growth strategies.
Unico Silver Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, indicating full compliance with key governance practices such as board charter disclosure, director checks, and accountability of the company secretary. This announcement underscores Unico Silver’s commitment to transparency and robust governance, potentially strengthening stakeholder confidence and enhancing its industry reputation.
Unico Silver Limited has released its 2025 Corporate Governance Statement, outlining its adherence to the ASX Corporate Governance Council’s recommendations. The statement highlights the company’s commitment to good corporate governance, which it believes is crucial for its success and stakeholder value. The document details the board’s role in strategic direction, management oversight, and the implementation of governance practices. It also covers the appointment and performance assessment of directors, the role of the company secretary, and the company’s diversity policy. The statement underscores the company’s focus on inclusivity and diversity, with specific objectives to foster a fair and equal workplace.