Vizsla Silver Corp. has announced a significant development in its Panuco silver-gold project in Sinaloa, Mexico, by securing a US$220 million project finance mandate with Macquarie Bank Limited. Macquarie will serve as the lead arranger and sole underwriter for a senior secured project finance facility, retaining a 70% interest. This financial arrangement aims to fund the construction and development of the high-grade underground Panuco project, with Vizsla Silver poised to draw an initial US$25 million tranche for early development and construction preparation. The project is expected to proceed towards full funding in alignment with the company's broader development schedule, with closing targeted for Q1 2026. This move marks a crucial step in de-risking the project and advancing towards production, signaling confidence in the project's quality and the management team's capabilities.