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Vizsla Silver secures $10M working capital facility from Mexican government for Panuco project

Market News
26 May 2026
Prnewswire
View Source
Bullish
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Vizsla Silver Corp announced that its Mexican subsidiary, Minera Canam, secured an unsecured MXN$173 million (approximately US$10 million) working capital facility from FIFOMI, a Mexican government-backed mining finance institution. The facility, approved in May 2026, has a five-year term with a two-year grace period on principal repayments and will support operating and working capital expenses for the Panuco silver-gold project in Sinaloa, Mexico. This partnership highlights government support for the project, which recently completed a feasibility study showing strong economic potential. Vizsla Silver plans to advance mine development while continuing exploration, with no production decision made yet pending further approvals and financing.

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