Unico Silver Strengthens Joaquin Development with Strategic Land Acquisition
Unico Silver Limited (ASX: USL) has secured a binding agreement to acquire 100% ownership of the La Mata estancia, adding approximately 10,172 hectares of strategically located freehold land to support the long-term development of its Joaquin silver-gold project in Argentina. The acquisition provides permanent control over land hosting key mineral resources, planned processing infrastructure, tailings storage facilities, and haul roads, significantly reducing development risks. It also replaces a previous time-limited access agreement with permanent ownership, offering greater operational flexibility. The transaction is valued at US$12 million and will be completed through a combination of cash, equity, and deferred payments, with the initial US$3.5 million funded from the company's existing cash reserves. Unico believes the acquisition strengthens its development strategy while supporting future resource expansion across the district. Together with its substantial mineral resource base at Joaquin and Cerro Leon, the company continues to advance its position as a growing silver-focused developer in Argentina.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Unico Silver Strengthens Joaquin Development with Strategic Land Acquisition
Unico Silver Limited (ASX: USL) has secured a binding agreement to acquire 100% ownership of the La Mata estancia, adding approximately 10,172 hectares of strategically located freehold land to support the long-term development of its Joaquin silver-gold project in Argentina. The acquisition provides permanent control over land hosting key mineral resources, planned processing infrastructure, tailings storage facilities, and haul roads, significantly reducing development risks. It also replaces a previous time-limited access agreement with permanent ownership, offering greater operational flexibility. The transaction is valued at US$12 million and will be completed through a combination of cash, equity, and deferred payments, with the initial US$3.5 million funded from the company's existing cash reserves. Unico believes the acquisition strengthens its development strategy while supporting future resource expansion across the district. Together with its substantial mineral resource base at Joaquin and Cerro Leon, the company continues to advance its position as a growing silver-focused developer in Argentina.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au