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Vizsla Silver (VZLA) Executes a Mandate Letter with Macquarie Bank Limited
Yahoo Finance· 2025-09-11 07:32
Core Insights - Vizsla Silver Corp. has secured a senior secured project finance facility of up to US$220 million with Macquarie Bank Limited to fund the Panuco silver-gold project in Sinaloa, Mexico [1][2] - The initial drawdown of US$25 million will provide immediate financing for early development and construction preparation [2] - The Panuco project is an emerging high-grade silver-gold discovery located near Mazatlán, Mexico [3] Financial Details - The financing arrangement includes an initial US$25 million early-drawdown tranche to support early development and working capital [2] - The total debt facility is expected to fully finance the Panuco Project through to the first silver production [2] Project Context - The Panuco silver-gold project is characterized as a high-grade discovery, indicating significant potential for valuable mineral extraction [3]