Vizsla Silver (US:VZLA) Prnewswireยท2025-09-05 07:15Core Viewpoint - Vizsla Silver Corp. has secured a senior secured project finance facility of up to US$220 million with Macquarie Bank to fund the construction and development of the Panuco silver-gold project in Sinaloa, Mexico [1][4]. Financing Details - The facility will be arranged by a syndicate of banks, with Macquarie holding a 70% interest and managing the remaining 30% [2]. - An initial US$25 million early-drawdown tranche will be available for immediate funding, with the remaining balance contingent on customary conditions [3]. - The expected interest cost during construction is approximately 10%, with a margin of 5.75%, and below 10% post-completion with a margin of 5.25% [3]. Project Overview - The Panuco project is a high-grade silver-gold discovery covering 7,189.5 hectares, with over 86 kilometers of vein extent and existing infrastructure [8]. - The project has an updated mineral resource estimate of 222.4 million ounces of silver equivalent (AgEq) in measured and indicated resources, and 138.7 million ounces AgEq in inferred resources [10]. Company Strategy - Vizsla aims to become a leading silver company by advancing the Panuco project while continuing district-scale exploration [11]. - The company has received significant interest from multiple banks and alternative lenders, ultimately selecting Macquarie for its attractive cost of capital and alignment with the project timeline [4]. Development Progress - The Morgan test mine is providing evidence of the company's technical capabilities and operational discipline, validating assumptions for the feasibility study [5]. - The closing of the financing facility is targeted for Q1 2026, aligning with the broader project development schedule [6].