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Vizsla Royalties Corp ( (TSE:VROY) ) has shared an update.
Vizsla Royalties Corp announced its acquisition of an additional 3.0% net smelter returns royalty on the Panuco-Copala Silver-Gold Project, increasing its total royalty to 3.5% on the Silverstone Concessions. This strategic move consolidates its position in one of the world’s highest-grade silver-gold districts, enhancing shareholder exposure and potential long-term value creation. To fund this acquisition, Vizsla Royalties has entered into a bought deal financing agreement with CIBC Capital Markets to raise C$54.8 million through the sale of common shares. The transaction and financing are expected to close by June 12, 2025, pending regulatory approvals.
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 publicly-traded company focused on acquiring and managing royalties in the precious metals industry, particularly silver and gold. The company aims to develop a portfolio of high-quality precious metals royalties, with a significant focus on the Panuco-Copala Silver-Gold Project in Sinaloa, Mexico.
Average Trading Volume: 52,747
Technical Sentiment Signal: Strong Buy
Learn more about VROY stock on TipRanks’ Stock Analysis page.