Vizsla Silver Fuels Growth with US$100 Million Financing

Vizsla Silver Corp. has successfully secured US$100 million in a bought deal financing, a strategic move poised to significantly advance its Panuco silver-gold project in Mexico. This substantial capital injection, led by Canaccord Genuity, underscores investor confidence in Vizsla Silver's growth trajectory and its potential to become a leading silver producer.

Vizsla Silver Secures US$100 Million for Panuco Project Advancement

Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) announced a significant financial milestone, entering into an agreement with Canaccord Genuity and a syndicate of underwriters for a bought deal financing totaling approximately US$100 million. The offering involves the sale of 33,334,000 common shares at a price of US$3.00 per share.

This financing is a pivotal step for Vizsla Silver, providing the necessary capital to accelerate the exploration, drilling, and development of its flagship Panuco Project in Sinaloa, Mexico. The company also plans to allocate a portion of the net proceeds for working capital and general corporate purposes.

Key Details of the Offering

• Gross Proceeds: Approximately US$100,002,000 from the initial offering.
• Share Price: US$3.00 per common share.
• Number of Shares: 33,334,000 common shares.
• Over-Allotment Option: Underwriters have a 30-day option to purchase an additional 15% of the offering to cover over-allotments, potentially increasing total gross proceeds to US$115,002,300.
• Expected Closing: On or about June 26, 2025, subject to regulatory approvals.

Strategic Use of Proceeds

The net proceeds from this financing are earmarked for critical initiatives that will bolster Vizsla Silver's operational capabilities and project development:

• Exploration and Drilling: Expanding the understanding and potential of the Panuco Project's mineral resources.
• Development: Advancing the infrastructure and operational readiness of the Panuco Project.
• Working Capital: Ensuring smooth day-to-day operations and financial flexibility.
• General Corporate Purposes: Supporting overall business growth and strategic objectives.

Panuco Project: A Glimpse into the Future

Vizsla Silver's Panuco Project is a high-priority asset, with a recently completed Preliminary Economic Study (July 2024) highlighting its significant potential:

• Annual Production: 15.2 Moz AgEq over an initial 10.6-year mine life.
• After-Tax NPV5%: US$1.1 billion.
• Internal Rate of Return (IRR): 86%.
• Payback Period: 9 months (at US$26/oz Ag and US$1,975/oz Au).

The company's dual-track development approach for Panuco involves both advancing mine development and continuing district-scale exploration. This strategy aims to position Vizsla Silver as a global leader in silver production.

Regulatory Compliance and Investor Information

The common shares will be offered through a prospectus supplement in Canada (excluding Quebec) and the United States, in compliance with applicable securities regulations. Investors are encouraged to review the offering documents for comprehensive information about the company and the offering.

Sources

• Vizsla Silver Announces US$100 Million Bought Deal Financing, Junior Mining Network.