E2 Metals Ltd. (AU:USL) has released an update.
Unico Silver has achieved 100% ownership of the Conserrat project and its silver-gold resources, significantly expanding its mineral resources by 2.29 million ounces at an acquisition cost of just A$0.17 per ounce. The company is actively pursuing business development opportunities to strengthen its Cerro Leon portfolio and is awaiting drill permits, which have been delayed by administrative changes. Despite these delays, Unico Silver is in a strong position to leverage the rising silver market, with a cash balance of $5.65m and silver prices soaring past US$28 per ounce.
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