Mexican state-backed lender extends $10 million facility to Vizsla Silver’s Panuco project

Vizsla Silver has secured a MXN$173 million working capital facility from Mexican mining finance institution FIFOMI to support development activities at its Panuco silver-gold project in Sinaloa. The agreement highlights continued institutional backing for mining investment and regional supply chain activity in Mexico.

Vizsla Silver Corp. announced that its Mexican subsidiary, Minera Canam, has finalized a MXN$173 million unsecured credit facility with Fideicomiso de Fomento Minero (FIFOMI), a Mexican government-supported mining finance institution. According to official disclosures, the funding will be directed toward operational and working capital requirements linked to the Panuco silver-gold project in Sinaloa.

The five-year facility, equivalent to approximately $10 million, includes an interest structure tied to Mexico’s TIIE benchmark rate plus an additional margin. The agreement also provides a two-year grace period on principal repayments, which may help preserve liquidity during project advancement and infrastructure development phases.

The financing is significant for Mexico’s mining sector because it demonstrates continued state-supported financial participation in strategic mineral projects amid rising global demand for silver and precious metals. Mining contractors, equipment suppliers, and regional service providers in Sinaloa could benefit from increased project-related spending and procurement activity.

Vizsla Silver is a Canada-based mining company focused on precious metals exploration and development in Mexico. FIFOMI is a government-backed financial entity established to support the growth and competitiveness of the country’s mining industry through sector-focused financing solutions. For investors, the facility may reduce near-term funding pressure on the Panuco project while reinforcing confidence in Mexico’s institutional support mechanisms for mining development.