Vizsla Silver Corp. (TSX: VZLA, NYSE: VZLA) has awarded an equipment supply agreement to FLSmidth for its wholly-owned Panuco silver-gold project in Sinaloa, Mexico, according to a company statement released June 16, 2026.

The agreement covers engineering and supply of eight major equipment packages across crushing, grinding, thickening, counter current decantation, Merrill Crowe, and refining circuits. The equipment is designed to support an initial 3,300 tonnes per day Phase 1 operation and a planned expansion to 4,000 tonnes per day, as outlined in the company's 2025 Feasibility Study.

The parties have entered into a limited notice to proceed agreement to begin early engineering and procurement activities while definitive terms are finalized. A formal notice to proceed to initiate equipment manufacturing is anticipated in the coming months.

The contract structure is configured to accommodate planned integration of the Napoleon mine in Year 4 of operations, with the goal of minimizing operational downtime during future process plant modifications.

Simon Cmrlec, Chief Operating Officer of Vizsla Silver, said the equipment package "supports both the initial Phase 1 plant design and future Phase 2 expansion plans while remaining in line with the process plant capital budget outlined in the Feasibility Study."

Qasim Abrahams, Products Business Line President at FLSmidth, said the company looks forward to helping Vizsla Silver "maximize silver recovery and production throughout the life cycle of this new operation."

Vizsla Silver noted it has not made a production decision for the Panuco project. A construction decision will only follow completion of detailed engineering, financing arrangements, and receipt of required permits.