What's Happening?
Unico Silver has successfully raised $40 million from domestic and offshore institutional investors to expedite exploration activities at the Joaquin Project in Santa Cruz, Argentina. The funds will be
used for drilling, metallurgical, and geotechnical programs, with the company issuing 72.7 million shares at $0.55 each. The capital raise is a strategic move to qualify under Argentina's RIGI investment regime, enhancing project economics and fiscal stability. Unico plans to increase rig deployment and fast-track drilling campaigns to convert discoveries to the indicated category, ahead of a Feasibility Study. Mineral resource updates are expected by December 2025 and Q1 2026, with a Prefeasibility Study scheduled for H1 2026.
Why It's Important?
The capital infusion is crucial for Unico Silver as it aims to advance its exploration and development strategies at the Joaquin Project. By qualifying under Argentina's RIGI investment regime, Unico can improve fiscal stability and project economics, potentially attracting more investors. The accelerated exploration schedule could lead to faster resource conversion and feasibility studies, positioning Unico to capitalize on its silver and gold assets. This development is significant for stakeholders in the mining industry, as it may influence investment decisions and project timelines in the region.
What's Next?
Unico Silver plans to continue its exploration and development activities at the Joaquin Project, with mineral resource updates expected by December 2025 and Q1 2026. The company will proceed with a Prefeasibility Study in H1 2026, focusing on converting discoveries to the indicated category. Stakeholders can anticipate further updates on the project's progress and potential impacts on the mining sector in Argentina.
