Vizsla Silver Enters ~$10M Working Capital Facility With Mexican Government-Backed Fideicomiso De Fomento Minero.
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| Title: | Vizsla Silver Enters ~$10M Working Capital Facility With Mexican Government-Backed Fideicomiso De Fomento Minero. |
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| Authors: | Benzinga Newsdesk |
| Source: | Benzinga. 05/26/2026. |
| Abstract: | Vizsla Silver Corp. (TSX:VZLA) (NYSE:VZLA) (Frankfurt: 0G31) ("Vizsla Silver" or the "Company") is pleased to announce that Minera Canam S.A. de C.V. ("Minera Canam"), a Mexican subsidiary of the Company that holds the Panuco silver-gold project ("Panuco" or the "Project") in Sinaloa, Mexico, has entered into an unsecured credit agreement dated February 26, 2026 for a MXN$173 million working capital facility (the "Facility") with Fideicomiso de Fomento Minero ("FIFOMI"), a Mexican government-backed financial institution specialized in the mining sector, with the Facility having received approval from FIFOMI's internal credit committee on May 4, 2026. "This agreement with FIFOMI represents another important step in the continued endorsement and validation of the Panuco Project as an economically important development project for both Sinaloa and Mexico," commented Michael Konnert, President and CEO of Vizsla Silver. "We are pleased to establish a relationship with a respected Mexican government-backed mining finance institution whose mandate is to support the responsible growth and long-term competitiveness of Mexico's mining sector. We are encouraged by the strong alignment this facility represents between Vizsla and the Government of Mexico in advancing the Panuco Project. The addition of this facility will serve to strengthen the mining community of Concordia and support local suppliers, contractors and investment in the State of Sinaloa." [ABSTRACT FROM PUBLISHER] |
| Database: | Newspaper Source Plus |
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| Abstract: | Vizsla Silver Corp. (TSX:VZLA) (NYSE:VZLA) (Frankfurt: 0G31) ("Vizsla Silver" or the "Company") is pleased to announce that Minera Canam S.A. de C.V. ("Minera Canam"), a Mexican subsidiary of the Company that holds the Panuco silver-gold project ("Panuco" or the "Project") in Sinaloa, Mexico, has entered into an unsecured credit agreement dated February 26, 2026 for a MXN$173 million working capital facility (the "Facility") with Fideicomiso de Fomento Minero ("FIFOMI"), a Mexican government-backed financial institution specialized in the mining sector, with the Facility having received approval from FIFOMI's internal credit committee on May 4, 2026. "This agreement with FIFOMI represents another important step in the continued endorsement and validation of the Panuco Project as an economically important development project for both Sinaloa and Mexico," commented Michael Konnert, President and CEO of Vizsla Silver. "We are pleased to establish a relationship with a respected Mexican government-backed mining finance institution whose mandate is to support the responsible growth and long-term competitiveness of Mexico's mining sector. We are encouraged by the strong alignment this facility represents between Vizsla and the Government of Mexico in advancing the Panuco Project. The addition of this facility will serve to strengthen the mining community of Concordia and support local suppliers, contractors and investment in the State of Sinaloa." [ABSTRACT FROM PUBLISHER] |
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