[SCHEDULE 13G/A] Vizsla Silver Corp. SEC Filing

Rhea-AI Filing Summary

Sprott Inc. and its subsidiary Sprott Asset Management USA Inc. filed Amendment No. 2 to a Schedule 13G reporting ownership of Vizsla Silver Corp. common shares (CUSIP 92859G608). Sprott Inc. reports beneficial ownership of 22,544,153 shares, or 6.8% of the class, while Sprott Asset Management USA Inc. reports 19,171,678 shares, or 5.8% of the class. Both reporting persons state they have no sole voting or dispositive power and report shared voting and shared dispositive power for the listed amounts. The holdings are described as owned by advisory clients and held in the ordinary course of business.

Positive

• Sprott Inc. reports 22,544,153 shares (6.8%) of Vizsla Silver, indicating substantial institutional interest
• Sprott Asset Management USA Inc. reports 19,171,678 shares (5.8%), confirming material holdings by the asset manager
• Holdings are stated to be held in the ordinary course of business, consistent with passive Schedule 13G treatment

Negative

• Neither reporting person holds sole voting or sole dispositive power, limiting unilateral control over the issuer

Insights

Securities Analyst

TL;DR: Sprott entities disclose meaningful shared stakes (6.8% and 5.8%) in Vizsla Silver, held in advisory accounts, with no sole control.

This Schedule 13G/A shows Sprott Inc. and its U.S. asset-management subsidiary collectively reporting sizable positions in Vizsla Silver's common shares. The filings emphasize shared voting and dispositive power and clarify ownership is through advisory clients and held in the ordinary course of business, indicating passive reporting status rather than an intent to influence control. For investors, the disclosure signals notable institutional interest without an announced change-in-control objective.

Corporate Governance Expert

TL;DR: Institutional accumulation disclosed; classification and signatures comply with Schedule 13G requirements, showing passive holdings.

The amendment identifies Sprott Inc. (Ontario) and Sprott Asset Management USA Inc. (U.S.) and provides required voting/dispositive breakdowns and percent of class figures. The certification language and joint filing exhibit references indicate standard governance and regulatory compliance. The absence of sole voting/dispositive power reduces immediate governance impact, though shared powers mean these entities can coordinate on proxy matters if applicable.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Vizsla Silver Corp.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

92859G608

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 92859G608

1

Names of Reporting Persons

Sprott Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 22,544,153.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 22,544,153.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

22,544,153.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.8 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP No. 92859G608

1

Names of Reporting Persons

Sprott Asset Management USA Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 19,171,678.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 19,171,678.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,171,678.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.8 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Vizsla Silver Corp.
(b)	Address of issuer's principal executive offices: Suite 1723, 595 Burrard Street, Vancouver, British Columbia, V7X 1J1, Canada
Item 2.
(a)	Name of person filing: Sprott Inc. Sprott Asset Management USA Inc.
(b)	Address or principal business office or, if none, residence: Sprott Inc. Royal Bank Plaza, South Tower 200 Bay Street, Suite 2600 Toronto, ON M5J 2J1 Canada Sprott Asset Management USA Inc. 320 Post Road, Suite 200 Darien, CT 06820 United States of America
(c)	Citizenship: Sprott Inc. - Other - Toronto, Canada Sprott Asset Management USA Inc. - Other - California
(d)	Title of class of securities: Common Shares, no par value
(e)	CUSIP No.: 92859G608
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Sprott Inc. - 22,544,153 Sprott Asset Management USA Inc. - 19,171,678
(b)	Percent of class: Sprott Inc. - 6.8% Sprott Asset Management USA Inc. - 5.8%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Sprott Inc. - 0 Sprott Asset Management USA Inc. - 0
	(ii) Shared power to vote or to direct the vote: Sprott Inc. - 22,544,153 Sprott Asset Management USA Inc. - 19,171,678
	(iii) Sole power to dispose or to direct the disposition of: Sprott Inc. - 0 Sprott Asset Management USA Inc. - 0
	(iv) Shared power to dispose or to direct the disposition of: Sprott Inc. - 22,544,153 Sprott Asset Management USA Inc. - 19,171,678
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. All of the securities reported in this Schedule 13G Amendment No. 2 are directly owned by advisory clients of Sprott Asset Management USA Inc., a subsidiary of Sprott Inc. None of those advisory clients may be deemed to beneficially own more than 5% of the Common Shares, no par value.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Please see Exhibit B attached hereto.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Sprott Inc.

Signature:	/s/ Thomas Ulrich
Name/Title:	Thomas Ulrich/Authorized Person
Date:	08/14/2025

Sprott Asset Management USA Inc.

Signature:	/s/ Thomas Ulrich
Name/Title:	Thomas Ulrich/Authorized Person
Date:	08/14/2025

Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.

Exhibit Information

Exhibit A - Joint Filing Agreement Exhibit B - Control Person Identification

FAQ

How many Vizsla Silver (VZLA) shares does Sprott Inc. report owning?

Sprott Inc. reports beneficial ownership of 22,544,153 shares, representing 6.8% of the class.

How many Vizsla Silver (VZLA) shares does Sprott Asset Management USA Inc. report owning?

Sprott Asset Management USA Inc. reports beneficial ownership of 19,171,678 shares, representing 5.8% of the class.

Do the reporting persons have sole voting or dispositive power over these VZLA shares?

No. Both reporting persons indicate 0 sole voting power and 0 sole dispositive power, with the reported amounts held as shared voting and shared dispositive power.

Are these Sprott holdings described as passive or active under Schedule 13G?

The filing states the securities are held in the ordinary course of business and were not acquired to influence control, consistent with passive Schedule 13G reporting.

Who signed the Schedule 13G/A for Sprott?

The filing is signed by Thomas Ulrich as Authorized Person for both Sprott Inc. and Sprott Asset Management USA Inc., dated 08/14/2025.