Companies / USL

UNICO SILVER LIMITED

ASX:USLMaterials
640.4M shares on issueASX (delayed) · as of 28 July 2026$0.71price · delayed$422.6Mmarket cap · indicative
C
Dilution grade

Share count grew 111% in 24 months; 5 cash raises in 24 months; runway 4–8 quarters

Cash runway6.0 quarters of funding
Share-count growth (24m)110.6%
Raise cadence (24m)5 cash raises
Options & rights overhang4.5% of shares
In-the-money supply0.0% of shares
Pending proposed issuesnone

UNICO SILVER LIMITED's ordinary share count grew 110.6% between July 2024 and July 2026 to 640M shares. The company raised capital five times in that period for total disclosed proceeds of A$173.2M, most recently a December 2025 placement and Share Purchase Plan raising A$50.3M. Options and rights on issue could convert into 29M new shares, equal to 4.5% of the current share count, with 0% currently in the money. At the June 2026 quarter the company reported A$52.3M in cash, covering 6.0 quarters at its recent spending rate. No proposed securities issues (Appendix 3B) are pending.

AI-generated summary of this page's cited filings · updated 28 July 2026
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4.5%
Max option dilution
0.0%
ITM option dilution
4
Raises · last 12 months
6.0 qtrs
Cash cover · over 4 quarters

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 640.4M per ASX (delayed) (28 July 2026).
480.5M539.2M597.9MDec 24Sept 25July 26Cash raise · 22 Dec 2025Cash raise · 13 Nov 2025Cash raise · 15 Aug 2025Cash raise · 15 Aug 2025

Cash runway

6.0 qtrs
More than four quarters of funding at the recent spend rate.
$52.3M available cash at quarter ended 30 June 2026 · Runway is computed from Appendix 4C/5B filings and announced raise proceeds.
Paid plan
Cash runway history
Quarterly cash, net spend and cover trend from every Appendix 4C/5B on record up to 30 June 2026.
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Issuance timeline

Latest 5 filings (Appendix 2A quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityTotal on issue afterSource
9 July 20262A · quoted issueUSL : ORDINARY FULLY PAID640.4MAppendix 2A
11 June 20262A · quoted issueUSL : ORDINARY FULLY PAID634.5MAppendix 2A
24 May 20262A · quoted issueUSL : ORDINARY FULLY PAID633.5MAppendix 2A
28 Apr 20262A · quoted issueUSL : ORDINARY FULLY PAID633.1MAppendix 2A
15 Apr 20262A · quoted issueUSL : ORDINARY FULLY PAID630.1MAppendix 2A
Paid plan
Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
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Capital raises

5 cash raises in the last 24 months · 4 in the last 12 months

$50.3M
Placement and Share Purchase Plan (SPP)
22 Dec 2025 COMPLETE
Paid plan
Full raise history
Issue price, discount, brokers, purpose and tranche detail for every raise on record.
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Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

4.5%
Total overhang · of current shares
0.0%
In the money · at current price
29.0M
Potential new shares
—
Nearest expiry
Paid plan
Per-line options & expiry cliffs
Each option line — code, strike, expiry, quantity and ITM value — plus the expiry-cliff chart.
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Director dealings

DateDirectorTypeSharesOptionsValueSource
8 Apr 2026Peter CanterburyOther96k1.0M—3Y notice
8 Apr 2026Peter HolmesOther———3Y notice
23 Jan 2026Todd Jarrad WilliamsOther1.5M——3Y notice
Paid plan
Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
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Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
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Latest announcements

23 July 2026Investor Presentation
21 July 2026$PJune 2026 Quarterly Activities & Cashflow Reports
9 July 2026Section 708A Cleansing Notice
9 July 2026Application for quotation of securities - USL
8 July 2026Proposed issue of securities - USL
8 July 2026$PUSL Secures Strategic Land Position for Joaquin Development
21 June 2026$PFurther High-Grade Results Outside of Joaquin MRE
11 June 2026Section 708A Cleansing Notice
11 June 2026Application for quotation of securities - USL
1 June 2026USL Commences Trading on OTCQX in the United States
24 May 2026Section 708A Cleansing Notice
24 May 2026Application for quotation of securities - USL
6 May 2026$PHigh Grade Drill Results Extend Joaquin MRE
28 Apr 2026Section 708A Cleansing Notice
28 Apr 2026Application for quotation of securities - USL
23 Apr 2026$PMarch 2026 Quarterly Activities & Cashflow Reports
15 Apr 2026Section 708A Cleansing Notice
15 Apr 2026Application for quotation of securities - USL
9 Apr 2026Change of Director's Interest Notice - Peter Holmes
8 Apr 2026Change of Director's Interest Notice - Peter Canterbury

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 July 2026.