ASX:USLMetals and Mining
Unico Silver (ASX:USL) Is Down 6.5% After Major Capital Raise And Joaquin De-risking Update – Has The Bull Case Changed?
Unico Silver recently reported accelerated growth and de-risking at its Joaquin silver project in Santa Cruz, Argentina, underpinned by strong drilling results and progression to pre-feasibility study assessments.
The company also raised about A$50,000,000 before costs through a A$40,000,000 institutional placement and an upsized Share Purchase Plan, materially bolstering funding for project advancement.
We’ll now examine how this sizeable capital raising and shift toward pre-feasibility...