On March 19, 2025, Vizsla Silver Corp. launched an at-the-market (ATM) equity offering of up to US$83.05 million (C$113.54 million) through Canadian and U.S. agents, including Canaccord Genuity, CIBC World Markets, National Bank Financial, and BMO Nesbitt Burns. The shares will be sold on the TSX, NYSE American, and other markets at prevailing prices. Agents will receive a 3% commission on gross proceeds.

Proceeds will fund the Panuco Project, working capital, and general corporate purposes. Legal counsel includes Forooghian + Company and Koffman Kalef (Canada), Goodwin Procter (U.S.), Cassels Brock & Blackwell (Canada), and Skadden, Arps, Slate, Meagher & Flom (U.S.). As of March 18, 2025, 8,032,180 shares had been sold for US$16.95 million (C$23.19 million), leaving US$83.05 million (C$113.54 million) available