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Vizsla Royalties Corp ( (TSE:VROY) ) has shared an update.
Vizsla Royalties Corp. congratulates Vizsla Silver Corp. on securing a US$100 million financing deal, which is pivotal for advancing the Panuco Project through its final feasibility phase and into development. This financing milestone strengthens Vizsla Silver’s financial position and enhances its ability to achieve initial production, benefiting Vizsla Royalties as the sole royalty holder. Additionally, Vizsla Royalties has entered into a digital marketing agreement with Machai Capital Inc. to enhance its marketing efforts, which will be funded from the company’s general working capital.
The most recent analyst rating on (TSE:VROY) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Vizsla Royalties Corp stock, see the TSE:VROY Stock Forecast page.
More about Vizsla Royalties Corp
Vizsla Royalties Corp. is a precious metals-focused royalty company with its principal asset being a Net Smelter Return Royalty on Vizsla Silver Corp.’s flagship Panuco Project in Mexico. The project is a significant silver and gold development endeavor advancing towards production, with a notable Preliminary Economic Study highlighting substantial annual production and favorable economic metrics.
Average Trading Volume: 111,313
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$129.1M
See more data about VROY stock on TipRanks’ Stock Analysis page.