VIZSLA SILVER ANNOUNCES US$100 MILLION BOUGHT DEAL FINANCING

Core Viewpoint - Vizsla Silver Corp. has announced a bought deal offering of 33,334,000 common shares at a price of US$3.00 per share, aiming for gross proceeds of approximately US$100 million to advance its Panuco Project and for general corporate purposes [1][3]. Group 1: Offering Details - The Underwriters have an Over-Allotment Option to purchase an additional 15% of the Offering within 30 days, potentially increasing total gross proceeds to US$115 million if fully exercised [2]. - The Offering is expected to close around June 26, 2025, pending necessary regulatory approvals [2]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for exploration, drilling, and development of the Panuco Project, along with working capital and general corporate purposes [3]. Group 3: Company Overview - Vizsla Silver is a Canadian mineral exploration and development company focused on the Panuco silver-gold project in Sinaloa, Mexico, which has a Preliminary Economic Study indicating significant production potential and strong financial metrics [7]. - The project is expected to yield 15.2 million ounces of silver equivalent annually over a mine life of 10.6 years, with an after-tax NPV of US$1.1 billion and an IRR of 86% [7].