Vizsla Silver Business Summary

Vizsla Silver Corp. (VZLA) is a Canadian-based mineral development company that generates value through the acquisition, exploration, and de-risking of high-grade precious metal assets, primarily focusing on its 100%-owned flagship Panuco silver-gold project in Sinaloa, Mexico. While the company currently reports zero production revenue, its business model is centered on a dual-track strategy: advancing the Panuco district toward commercial production—targeted for the second half of 2027—while simultaneously executing aggressive district-scale exploration to expand its resource base. The company’s primary business segments include project development, supported by a November 2025 Feasibility Study outlining an annual production of 17.4 million ounces of silver equivalent, and strategic exploration across its consolidated 7,189-hectare land package. Direct competitors include NovaGold Resources, Skeena Resources, Perpetua Resources, and Silvercorp Metals; Vizsla distinguishes itself as a high-grade, single-asset developer with industry-leading internal rates of return (111%) and a rapid path to becoming a top-tier primary silver producer. The company was founded by Michael Konnert and Craig Parry, both of whom remain central to its leadership as President/CEO and Independent Chairman, respectively. Konnert, a mining entrepreneur and co-founder of natural resource incubator Inventa Capital, brings extensive expertise in corporate development and deal-making, while Parry offers a pedigree of founding successful ventures like NexGen Energy and IsoEnergy. The executive team is further bolstered by Chief Operating Officer Simon Cmrlec, a senior engineer with over 30 years of global project-building experience, and Chief Financial Officer Mahesh Liyanage, who specializes in Mexican mining operations and regulatory compliance. Technical leadership is provided by Vice President of Exploration Jesus Velador, Ph.D., a Qualified Person with deep regional expertise. Notable board members include Lead Director Eduardo Luna, a Mexican Mining Hall of Fame inductee and former executive at Goldcorp and Wheaton River, alongside capital markets veteran Harry Pokrandt. Major institutional backing includes significant positions held by Waratah Capital Advisors, Millennium Management, and Sprott Asset Management.