Vizsla Silver is raising $100m for Mexican project development through stock offering

From Yahoo Finance: 2025-06-24 09:49:00

Canadian mineral exploration company Vizsla Silver is selling 33.34 million common shares at $3 each through Canaccord Genuity, aiming to raise $100m for its Panuco silver-gold project in Mexico. The offering is expected to close by June 26, with proceeds supporting exploration, drilling, and general corporate purposes.

An additional 15% of the offering can be purchased by underwriters through an overallotment option, potentially increasing gross proceeds to $115m. The shares are being offered in Canada, excluding Quebec, under Vizsla Silver’s base shelf prospectus. The company’s Panuco project showed promising results in a preliminary economic study, with significant production potential.

Vizsla Silver is pursuing a dual-track development strategy at Panuco, focusing on advancing mine development and conducting district-scale exploration. The company recently acquired two significant claims south of the project, expanding its exploration potential. The goal is to become a leading global silver producer through efficient operations and exploration efforts.



Read more at Yahoo Finance: Vizsla Silver to raise $100m for Mexican silver-gold project development