Unico Raises $60 Million to Accelerate Development

• Unico Silver raises A$60 million through a single-tranche institutional placement.
• Funds will accelerate resource drilling and finalize the maiden PFS by January 2027.
• The placement leaves Unico with approximately A$110 million in cash.

Unico Silver Limited (ASX: USL) has successfully raised approximately A$60 million through a single-tranche institutional placement. The funds will be used to accelerate resource growth drilling, finalize a maiden Pre-Feasibility Study (PFS) by January 2027, and advance the Definitive Feasibility Study (DFS) to the end of 2027. The placement, priced at A$0.76 per share, represents a 10.1% discount to the last closing price. The company will utilize approximately 78.9 million new shares, issued without shareholder approval under ASX Listing Rule 7.1A, to achieve this funding. The placement is expected to be completed on September 30, 2026, with allotment and quotation of new shares on October 1, 2026.

A$60 million placement expected to be completed by September 30, 2026

Unico Silver plans to finalize the maiden PFS by January 2027 and advance the DFS to the end of 2027.