Financial PositionThe financing brings the company's cash position to ~$200M, placing VZLA in a strong position to fund the $224M capex to construct Panuco while continuing its exploration program.
Project DevelopmentThe project is advancing to plan, and the 10,000t bulk sample program is on track for completion by year-end, providing key information ahead of production.
Project FinancingVizsla has executed a mandate letter for a senior secured project finance facility of up to $220M to develop Panuco.