Company Overview - Vizsla Silver Corp. is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on its flagship 100%-owned Panuco silver-gold project in Sinaloa, Mexico [3] - The company aims to become the world's leading silver company by implementing a dual track development approach at Panuco, advancing mine development while continuing district scale exploration through low-cost means [3] Financial Highlights - A Preliminary Economic Study for Panuco completed in July 2024 indicates an annual production of 15.2 million ounces of silver equivalent (AgEq) over an initial mine life of 10.6 years [3] - The study highlights an after-tax Net Present Value (NPV) at 5% of US$1.1 billion, an Internal Rate of Return (IRR) of 86%, and a payback period of 9 months at silver prices of US$26 per ounce and gold prices of US$1,975 per ounce [3] Stock Options and Incentives - The company has granted 4,050,000 stock options at an exercise price of $2.90, along with 1,450,000 restricted share units (RSUs) and 850,000 deferred share units (DSUs) to directors, officers, employees, and consultants [1] - The stock options are exercisable for five years and will vest over the next two years, while the RSUs will vest in three equal annual installments starting from the first anniversary of the grant date [1] - The DSUs vest immediately and will be exchanged for one common share of the company when the Optionee ceases to hold their position as an independent director [1][2]