Vizsla Silver (VZLA): Equipment Supply Agreement with FLSmidth for Panuco Project in Mexico

Vizsla Silver Corp. (NYSEAMERICAN:VZLA) announced the award of an equipment supply agreement to FLSmidth for its wholly-owned Panuco silver-gold project in Sinaloa, Mexico. The June 16, 2026 agreement includes engineering and supply of major process plant equipment across the proposed flowsheet outlined in the company's 2025 Feasibility Study. The equipment will support an initial 3,300 tonnes per day Phase 1 operation and a planned expansion to 4,000 tpd. Key components include crushing, grinding, thickening, counter-current decantation, Merrill Crowe, and refining circuits.

The subsidiary Minera Canam S.A. de C.V. secured an unsecured credit facility of 173 million Mexican Pesos with Fideicomiso de Fomento Minero to fund working capital. CEO Michael Konnert emphasized the project's role in validating Panuco as an economically significant development for Sinaloa and Mexico. Early engineering and procurement activities have commenced under a limited Notice to Proceed, with the formal Notice expected in the coming months.

■FLSmidth will provide equipment and engineering services for both Phase 1 and the 4,000 tpd expansion.

■173 million Mexican Pesos in working capital funding strengthens operational readiness.

■The Panuco project aligns with regional energy and commodity production growth strategies.

Captain Riza Deniz's Note: New investments in silver-gold mining are reshaping global commodity supply chains amid rising industrial demand in East Asia. Vizsla Silver's strategic moves warrant attention given potential bottlenecks in Panama and Suez Canal logistics. Such developments could influence LME silver export dynamics and shipping freight rates in the near term.