Unico Silver (ASX: $USL) acquisition announcement

Unico Silver (ASX: $USL) has entered into a share purchase agreement to acquire the outstanding 20% in the Conserrat project, bringing USL's interest to 100%. The transaction increases mineral resources attributable to USL by 2.29 million silver equivalent ounces at a cost of A$0.17c per ounce. This move simplifies 100% ownership across USL's entire Santa Cruz portfolio and removes the 20% free-carried interest on all mineral titles held by MLD, including three priority pipeline projects.

Managing Director's Commentary on Acquisition

We are pleased to move to 100% ownership of Conserrat. This is an accretive transaction that increases total attributable silver-gold resources and streamlines the portfolio, providing Unico Silver with greater optionality and flexibility to unlock value from future exploration at Conserrat as well as high-priority regional tenements.

Summary of Unico Silver's Acquisition and Outlook

Unico Silver (ASX: $USL) has successfully acquired the outstanding 20% in the Conserrat project, consolidating its ownership to 100%. This move not only increases the mineral resources attributable to USL but also simplifies the ownership structure across its entire Santa Cruz portfolio. The removal of the 20% free-carried interest on all mineral titles held by MLD provides Unico Silver with greater flexibility and optionality. Managing Director Todd Williams highlighted the accretive nature of the transaction, emphasizing the potential for unlocking value from future exploration at Conserrat and high-priority regional tenements. The company's outlook appears positive as it aims to leverage this acquisition to drive future growth and exploration opportunities.