#Canada #Vancouver #Vizsla Silver #Panuco Project #Over-allotment

Vizsla Silver Completes Over-Allotment Option Closure

Vizsla Silver Corp., listed on TSX under VZLA and NYSE as VZLA, is excited to announce the successful closure of its over-allotment option related to its recent public offering. This achievement is a notable aspect of Vizsla's commitment to advancing its growth, particularly concerning the exploration and development of key projects in Mexico.

In a significant move, the company has completed a full public offering that included the issuance of 33,334,000 common shares at a price of $3.00 per share. Following this initial sale, the underwriters utilized their over-allotment option to purchase an additional 5,000,100 shares at the same offering price. Overall, this decision enabled Vizsla Silver to rake in additional gross proceeds amounting to an impressive $15 million.

The offering was spearheaded by Canaccord Genuity Corp., serving as the primary bookrunner, and includes a reputable syndicate involving CIBC Capital Markets, National Bank Financial, Ventum Financial Corp., BMO Capital Markets, and Raymond James Ltd. Their collaboration signifies strong confidence in Vizsla Silver’s future and potential.

This offering was facilitated under a final prospectus supplement dated June 23, 2025, which was filed concurrently with a short form base shelf prospectus from April 28, 2025. The offering conforms to the regulations within all Canadian provinces and territories, excluding Quebec, as well as in the U.S., leveraging a multi-jurisdictional disclosure system to enhance accessibility for investors.

Future Usage of Proceeds

The net proceeds from this offering, particularly including funds accumulated from the over-allotment exercise, are earmarked for pivotal initiatives within the company. Key objectives include advancing the exploration and development of the flagship Panuco project, exploring opportunities within the Santa Fe project, considering future acquisitions, and ensuring adequate working capital to support operational needs and corporate objectives.

The Panuco project is already garnering attention for its promising potential with significant silver and gold reserves. Vizsla Silver aims to establish itself as a leading player in the silver market utilizing a dual-track approach; it's making strides in mine development while simultaneously exploring opportunities across the district to sustain growth and profitability.

Transparency and Accessibility

Potential investors and interested parties can access the detailed transaction documents without charge through the SEDAR+ and EDGAR platforms. Additionally, a copy of the prospectus and related documents can be requested from Canaccord Genuity Corp. by providing necessary contact details.

Conclusion

The success surrounding the closure of the over-allotment option and the additional funding reinforces Vizsla Silver's strategic directives aimed at bolstering its project initiatives in Mexico. Moving forward, shareholders and stakeholders can expect focused utilization of funds toward exploration expansion and operational growth, positioning Vizsla Silver for long-term success within the minerals sector. As the company embraces innovative strategies and upholds transparent processes, it further enhances its reputation in the competitive silver exploration landscape.

NOTE: This article includes forward-looking statements as outlined under U.S. private securities laws. Readers are advised to interpret the future projections with care given the inherent uncertainties surrounding mining and development activities.