VIZSLA SILVER AWARDS EQUIPMENT SUPPLY AGREEMENT FOR PANUCO

Rhea-AI Summary

Vizsla Silver (NYSE:VZLA) awarded an equipment supply agreement to FLSmidth for the Panuco silver-gold project in Sinaloa, Mexico. The scope covers engineering and major process plant equipment across eight packages for crushing, grinding, thickening, CCD, Merrill Crowe and refining circuits.

The equipment is specified for an initial 3,300 tpd Phase 1 operation and a planned expansion to 4,000 tpd, and is configured to support future integration of the Napoleon mine in Year 4 with limited downtime. A limited notice to proceed allows early engineering and procurement while final agreement terms are completed.

News Market Reaction – VZLA

+1.10%

1 alert

+1.10% Session close to close

$1.28B Market Cap

13.97K Volume

In the Jun 16 session, VZLA gained 1.10%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement detailed a major step in de-risking Panuco by awarding FLS an equipment supply agr...

Analysis

This announcement detailed a major step in de-risking Panuco by awarding FLS an equipment supply agreement covering eight key process-plant packages sized for 3,300 tpd Phase 1 and 4,000 tpd expansion. It follows earlier EPCM, mine design and financing milestones in 2026. Investors may watch for finalization of definitive terms, Notice to Proceed, and future updates on security, permitting and construction timing relative to the November 2025 Feasibility Study.

Key Figures

Phase 1 plant capacity: 3,300 tpd Planned expansion capacity: 4,000 tpd Phase 2 integration year: Year 4 +5 more

8 metrics

Phase 1 plant capacity 3,300 tpd Initial Panuco Phase 1 operation per equipment specification

Planned expansion capacity 4,000 tpd Planned Phase 2 expansion in 2025 Feasibility Study

Phase 2 integration year Year 4 Planned integration of Napoleon mine into process plant

Current share price $3.65 Price before reaction to equipment supply agreement news

52-week high $7.19 Pre-news 52-week high level

52-week low $2.815 Pre-news 52-week low level

Market cap $1,254,700,818 Equity value prior to equipment award announcement

Short interest 11.27% Reported short percentage of float

Historical Context

5 past events · Latest: May 26 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 26	Working-capital facility	Positive	+10.4%	Secured MXN$173M unsecured working-capital facility for Panuco operations.
May 21	Exploration leadership change	Neutral	-0.3%	Appointed new VP Exploration and promoted Chief Geologist for Panuco.
May 19	SVP Technical Services, equity grants	Neutral	-5.4%	Named SVP Technical Services and granted options, RSUs and DSUs.
May 14	VP Government Relations	Positive	-2.3%	Appointed VP Government Relations to advance permitting at Panuco.
May 12	Corporate Secretary change	Neutral	+3.2%	Replaced Corporate Secretary with a veteran mining legal executive.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent Panuco-related updates often drew meaningful reactions: the May MXN$173M working-capital facility saw a +10.39% move, while several management and technical appointments produced smaller, mixed price responses.

Recent Company History

Over the past months, Vizsla Silver has focused heavily on advancing its 100%-owned Panuco project. Key steps included appointing senior technical, exploration and government-relations leaders, securing a MXN$173 million five-year working-capital facility, and updating corporate governance roles. Market reactions were strongest to the financing news, while management changes generated modest, mixed moves. Today’s equipment supply award further extends this progression toward construction readiness at Panuco.

Key Terms

counter current decantation, merrill crowe, process flowsheet, limited notice to proceed, +1 more

5 terms

counter current decantation technical

"thickening and counter current decantation, Merrill Crowe, and refining circuits"

Counter current decantation is an industrial washing process that separates solids from a liquid by moving the solid-containing slurry one way while fresh wash liquid moves the opposite way, so cleaner liquid meets the cleanest solids and dirtier liquid meets the dirtiest solids. For investors, it matters because it improves product recovery and reduces waste and chemical use—like rinsing clothes in a series of tubs where clean water flows opposite to the dirty rinse to save water and get clothes cleaner.

merrill crowe technical

"thickening and counter current decantation, Merrill Crowe, and refining circuits"

Merrill Crowe is an industrial process used in gold and silver mining to pull dissolved precious metals out of a cyanide solution by removing oxygen and adding zinc, which makes the metals settle out as solid particles. Investors care because it directly affects how much metal a mine can recover, the unit cost of production, plant complexity and environmental controls—similar to how a better strainer yields more pasta with less waste.

process flowsheet technical

"spanning the entirety of the proposed process flowsheet outlined in the Company's 2025 Feasibility Study"

A process flowsheet is a visual roadmap showing the main steps, equipment, and material flows in an industrial or chemical operation, similar to a recipe or a map that tracks how inputs become finished products. For investors, it reveals how a business produces goods or services, highlighting potential bottlenecks, cost drivers, safety or regulatory risks, and scalability—information useful for judging efficiency, capital needs, and operational risk.

limited notice to proceed technical

"initially entered into a limited notice to proceed agreement ("LNTP") to authorize"

A limited notice to proceed is a short, partial green light from a client that lets a contractor begin specific early work—such as site preparation, ordering long‑lead materials, or hiring crews—before the full contract is signed. For investors it signals that a project is moving from planning toward execution, which can accelerate revenue timing but also exposes the company to early costs and schedule risk if the full contract terms change; think of it as starting the foundation before the final building permit paperwork is complete.

life-cycle service offering technical

"FLS's Life-Cycle Service Offering will provide us with a high level of support"

A life-cycle service offering is a coordinated set of services that support a product or system from initial design and sale through installation, ongoing maintenance, upgrades and eventual replacement or disposal. Investors care because these bundled services create steady, repeatable revenue, deepen customer relationships and can boost profit margins while reducing churn and long‑term support costs—similar to how a car dealer earns from both selling cars and servicing them over many years.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NYSE: VZLA     TSX: VZLA

VANCOUVER, BC, June 16, 2026 /PRNewswire/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G31) ("Vizsla Silver" or the "Company") is pleased to announce that it has awarded the equipment supply agreement (the "Equipment Supply Agreement") to FLSmidth ("FLS") for the Company's wholly-owned Panuco silver-gold project ("Panuco" or the "Project") located in Sinaloa, Mexico.

The Equipment Supply Agreement includes engineering and supply of major process plant equipment spanning the entirety of the proposed process flowsheet outlined in the Company's 2025 Feasibility Study, with engineering work commencing immediately and formal Notice to Proceed anticipated in the coming months to initiate equipment manufacturing.

The Equipment Supply Agreement covers eight major equipment packages across crushing, grinding, thickening and counter current decantation, Merrill Crowe, and refining circuits of the proposed process plant at Panuco. The equipment has been specified to support both the initial 3,300 tonnes per day ("tpd") Phase 1 operation and the planned expansion to 4,000 tpd outlined in the 2025 Feasibility Study. The contract structure and equipment configuration are designed to facilitate future process plant modifications associated with the planned integration of the Napoleon mine in Year 4, with minimal operational downtime.

The parties have initially entered into a limited notice to proceed agreement ("LNTP") to authorize commencement of early engineering and procurement activities while the definitive terms of the Equipment Supply Agreement continue to be finalized.

"The award of this major equipment package to FLS represents a key procurement milestone for the Panuco Project," said Simon Cmrlec, Chief Operating Officer of Vizsla Silver. "We are pleased to be working with the FLS team who has provided us with a technically robust equipment package for the Project which supports both the initial Phase 1 plant design and future Phase 2 expansion plans while remaining in line with the process plant capital budget outlined in the Feasibility Study. FLS's Life-Cycle Service Offering will provide us with a high level of support throughout the commissioning, ramp-up and operations phases of the Panuco facility."

"We are excited to be selected as Vizsla Silver's key technology partner for their complete silver processing flowsheet. With our leading technologies and life-cycle service offerings, we look forward to helping Vizsla Silver maximize silver recovery and production throughout the life cycle of this new operation", comments Qasim Abrahams, Products Business Line President at FLS.

About FLSmidth

FLS is a leading supplier of mineral processing technology, process equipment, and service solutions to the global mining industry, covering the full flowsheet from comminution and classification to flotation, thickening, dewatering, refining, and tailings management. The company supports thousands of mining operations across more than 125 countries and has extensive operational and technical experience in Mexico, supported by local service and after sales capabilities, including its service centre in Zacatecas.

About Vizsla Silver and the Panuco Project

Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. The Company recently completed a Feasibility Study for Panuco in November 2025 which highlights 17.4 Moz AgEq of annual production over an initial 9.4-year mine life, an after-tax NPV(5%) of US$1.8B, 111% IRR and a 7-month payback at US$35.50/oz Ag and US$3,100/oz Au. Vizsla Silver aims to position itself as a leading silver company by implementing a dual track development approach at Panuco, advancing mine development while continuing district-scale exploration through low-cost means.

In accordance with National Instrument 43-101, Jesus Velador, Ph.D. MMSA QP., Chief Geologist, is the Qualified Person for the Company and has reviewed and approved the technical and scientific content of this news release. 

Website: www.vizslasilvercorp.com

SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS

This news release contains "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and reflect management's expectations or beliefs regarding future events, plans, and objectives.

Forward-looking statements in this release include, but are not limited to, statements regarding: the timing and scope of engineering and supply works under the Equipment Supply Agreement; the commencement and advancement of engineering works under the Equipment Supply Agreement; the configuration of the equipment to support Phase 1 and Phase 2 operations at Panuco, including the planned expansion to 4,000 tpd; the anticipated integration of the Napoleon mine in Year 4 and the design of the process plant to facilitate future modifications with minimal operational downtime; the anticipated Life-Cycle Service Offering agreements with FLS; and the Company's ability to advance the Panuco Project toward production.

Forward-looking statements are based on a number of assumptions believed to be reasonable by the Company as of the date of this release, including, without limitation: the accuracy of the Feasibility Study parameters; the availability of financing on acceptable terms; that required permits and approvals will be obtained in the expected timeframe; continued community and government support; stability in market, political and economic conditions; reasonable accuracy of operating and capital cost estimates; and continued favourable metal prices and exchange rates.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Such risks include, but are not limited to: exploration, development and operating risks; permitting, environmental and regulatory risks; community relations and social licence risks; commodity price and currency fluctuations; inflation and cost escalation; financing and liquidity risks; reliance on contractors and suppliers; title and surface rights risks; changes in project parameters; inaccuracies in technical or economic modelling; the risk that the Feasibility Study assumptions prove inaccurate; and other risks described in the Company's continuous disclosure filings available under its profile on SEDAR+ at www.sedarplus.ca.

There can be no assurance that the Panuco Project will be placed into production or that the results of the Feasibility Study will be realized. The purpose of the forward-looking statements is to provide information about management's current expectations and plans and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. Except as required by applicable law, the Company undertakes no obligation to update or revise any forward-looking statements contained herein.

No Production Decision: The Company has not made a production decision for the Panuco Project. A decision to proceed with construction will only be made following the completion and review of detailed engineering, financing arrangements, and receipt of all required permits and approvals.

View original content to download multimedia:https://www.prnewswire.com/news-releases/vizsla-silver-awards-equipment-supply-agreement-for-panuco-302801060.html

SOURCE Vizsla Silver Corp.

FAQ

What did Vizsla Silver (VZLA) announce on June 16, 2026 about the Panuco project?

Vizsla Silver announced it awarded an equipment supply agreement to FLSmidth for the Panuco silver-gold project. According to Vizsla Silver, the deal covers engineering and major process plant equipment for the complete silver processing flowsheet at Panuco.

How many tonnes per day will Vizsla Silver’s Panuco plant process under the new FLSmidth agreement?

The Panuco plant is designed for 3,300 tonnes per day initially, expanding to 4,000 tpd. According to Vizsla Silver, the specified equipment supports both Phase 1 operations and the planned Phase 2 expansion outlined in the 2025 Feasibility Study.

What areas of the Panuco process plant are covered by the FLSmidth equipment agreement for VZLA?

The agreement covers eight major equipment packages across crushing, grinding, thickening and counter current decantation, Merrill Crowe, and refining circuits. According to Vizsla Silver, this spans the entirety of the proposed process flowsheet for the Panuco project.

What is the purpose of the limited notice to proceed in Vizsla Silver’s agreement with FLSmidth?

The limited notice to proceed allows early engineering and procurement activities before finalizing definitive terms. According to Vizsla Silver, this LNTP lets FLSmidth start work immediately while the full equipment supply agreement is completed in the coming months.

How will the FLSmidth agreement support future expansion at Vizsla Silver’s Panuco project?

The equipment configuration is designed to allow future plant modifications, including integration of the Napoleon mine in Year 4. According to Vizsla Silver, this setup aims to achieve these changes with minimal operational downtime at the Panuco facility.