11:30 AM EDT, 04/28/2025 (MT Newswires) -- Vizsla Silver ( VZLA ) on Monday said it updated its at-the-market equity program to sell up to US$200 million of shares of the company to the public.

The company on Monday said it filed a prospectus supplement for the ATM financing program with regulators in Canada and the United States.

"The updated at-the-market equity plan simply provides additional optionality to add to a strong balance sheet, as we continue to de-risk the Panuco Project and deliver on development milestones," said Chief Executive Michael Konnert.

The company intends to use proceeds from the ATM program to fund ongoing work programs to advance the Panuco project, for working capital and for general corporate purposes. Concurrent with entering into the equity distribution agreement, its previously announced at-the-market equity distribution agreement dated Sept. 13, 2024 was terminated.

Shares of the company were last seen down $0.03 at $3.00 on the Toronto Stock Exchange.

Price: 3.00, Change: -0.03, Percent Change: -0.99