Corporate

The Opportunity

Vizsla Royalties Corp. is a precious metal–focused royalty company with its flagship asset being a Net Smelter Royalty on Vizsla Silver Corp.’s flagship Panuco Project in Mexico.

PROJECT DEVELOPMENT

The Panuco Project represents the world’s largest undeveloped high-grade silver primary resource, which following the 2024 PEA is advancing towards FS in H2 2025, ultimately targeting first silver in H2 2027.

TIMING

Scarcity of tier 1 silver primary assets in a rising commodity price environment highlights the Panuco Project as a standout in the industry. Furthermore, recent transactions in the royalty space support significant re-rate potential beyond production/exploration upside.

EXPLORATION UPSIDE

To date, Vizsla Silver has drill tested less than 30% of its known targets. The recent discovery at Animas points to new potential centers of mineralization outboard of the 2024 PEA area.