On March 26, 2024, Vizsla Silver Corp. announced an "at-the-market" equity offering (the “Offering”) of common shares, with a target to raise up to CAD $50 million. The offering was facilitated by an equity distribution agreement with Canaccord Genuity Corp., acting as the exclusive sales agent. This agreement permits Vizsla Silver to issue shares on multiple marketplaces at prevailing market prices, with no minimum requirement for sales volume, allowing the company flexibility in issuance timing and volume.

Proceeds from the offering are intended for general corporate purposes, including working capital and continued development of Vizsla’s Panuco Silver-Gold Project in Sinaloa, Mexico. The agent, Canaccord Genuity, will receive a 3% commission on gross proceeds from the sale of shares. Koffman Kalef LLP and Cassels Brock & Blackwell LLP served as legal advisors for Vizsla Silver and Canaccord Genuity, respectively. Vizsla Silver's shares are listed on the TSX Venture Exchange and NYSE American, with listing approval sought for new shares issued under the offering. This structure enables Vizsla Silver to optimize its fundraising based on market conditions throughout the offering period.