Vizsla Silver Corp 2024年年度报告

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has beensubject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act. If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards†provided pursuant to Section 13(a) of the Exchange Act.☐ The term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting StandardsBoard to its Accounting Standards Codification after April 5, 2012. Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ by the United States Securities and Exchange Commission (the "SEC"). The Company's common shares are listed on the TSX VentureExchange and the NYSE American LLC ("NYSE") under the trading symbol "VZLA".In this annual report, references to "we", "our", "us", the "Company", the "Registrant", or "Vizsla", mean Vizsla Silver Corp., unlessthe context suggests otherwise.FORWARD LOOKING STATEMENTSCertain information, estimates and projections contained in this Annual Report, and the documents incorporated by reference herein, ifany, constitute forward-looking statements regarding the Company, its operations and projects, including, but not limited to, thePanuco-Copala Property (as defined in the Management Discussion and Analysis of the Company for the year ended April 30, 2025,attached as Exhibit 99.3 to this Annual Report). All statements that are not historical facts, involving without limitation, statements terminology suchas "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts","intends","anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, eventsor results "may", "could", "would", "might" or "will be taken", "occur" or "beachieved".The Company's forward-looking statements are based on beliefs, expectations, and opinions of management on the date the statementsare made. While the Company has attempted to identify important factors that could cause actual actions, events, or results to differ Annual Report, and incorporated herein by reference, and in other filings that the Registrant has made and may make with applicablesecurities authorities in the future.NOTICE TO UNITED STATES READERS - DIFFERENCES IN UNITED STATES AND CANADIAN REPORTING which are different from those of the United States. The Registrant has historically prepared its consolidated financial statements, which are filed as Exhibit 99.2, and incorporated herein by reference, to this Annual Report on Form 40-F, in accordance withInternational Financial Reporting Standards ("IFRS"), as issued by the International Accounting Standards Board, which are subject to Canadian auditing and auditor independence standards. Financial statements prepared in IFRS may differ from financial statementsprepared in United States GAAP ("U.S. GAAP") and from practices prescribed by the SEC. Therefore, the Registrant's financial statements filed with this Annual Report may not be comparable to financial statements of United States companies prepared inaccordance with U.S. GAAP. dollars, converted from U.S. dollars. PRINCIPAL DOCUMENTSThe following documents have been filed as part of this annual report on Form 40-F: The Registrant's Annual Information Form for the fiscal year ended April 30, 2025 is attached as Exhibit 99.1 to this Annual Report on Form 40-F, and is incorporated by reference herein.4 C. Management's Discussion and AnalysisThe Registrant's mana