• Firm commitments received to raise $40 million via a placement
• Significant pro-forma cash of A$68.8m supports acceleration of growth strategies
• Accelerate drilling at Joaquin from 3 to 5 rigs to fast-track resource conversion

Unico Silver Limited ('USL' or the 'Company') has received $40 million of firm commitments for a placement of new fully paid ordinary shares ('New Shares') from a number of high-quality existing and new domestic and offshore institutional investors. The placement will allow the Company to immediately increase drilling capacity at Joaquin from three rigs to five, scaling up the planned 30,000m infill and extensional program to convert the new La Morocha SE and La Negra SE discoveries into Indicated Resources for inclusion in the Company's maiden Feasibility Study in 1H 2026. The revised work program includes a dedicated drill rig to fast-track metallurgical and geotechnical drilling required to support project design and development decisions, ensuring critical PFS inputs are delivered on schedule and allowing the Company to bring forward key study workstreams. The capital raise is also a major de-risking step for the qualification under Argentina's RIGI investment regime, which would materially improve future project economics and fiscal stability. With drilling, resource conversion and feasibility workstreams now fully funded for CY2026, USL is well positioned to advance Joaquin on an accelerated schedule and deliver on the Company's BEYOND 300 and PLUS 150 exploration and development strategies.

The placement provides the Company with significant pro-forma cash of A$68.8m (A$28.8m at 30 September 2025) to support the acceleration of the Company's BEYOND 300 and PLUS 150 strategies.

The capital raise allows USL to immediately increase drilling capacity at Joaquin from three rigs to five, scaling up the planned 30,000m infill and extensional program to convert the new La Morocha SE and La Negra SE discoveries into Indicated Resources for inclusion in the Company's maiden Feasibility Study in 1H 2026. The revised work program includes a dedicated drill rig to fast-track metallurgical and geotechnical drilling required to support project design and development decisions.