New Pacific Metals Secures C$35.1 Million for Growth Initiatives

Introduction to New Pacific Metals’ Recent Financing

New Pacific Metals Corp. has recently made headlines by announcing a significant financing round, raising C$35.1 million. This marks a crucial step in the company's strategy to accelerate growth and development in its mining projects. The financing has been structured as a bought deal, simplifying the process for investors.

The Details of the Financing Agreement

The agreement was facilitated by Raymond James Ltd. and BMO Capital Markets, acting as co-lead underwriters. Collectively, under the deal, the company will issue 9,900,000 common shares at a price of C$3.55 per share. Furthermore, there exists an over-allotment option allowing underwriters to purchase an additional 1,485,000 common shares within 30 days after closing.

Participation of Silvercorp Metals Inc.

Silvercorp Metals Inc. has expressed interest in this offering, intending to acquire 2,776,950 common shares, totaling approximately C$9.86 million. This move signifies confidence in New Pacific’s potential, as Silvercorp’s participation implies it will hold about 28.05% of the company's outstanding shares, barring any over-allotment being exercised.

Use of Proceeds from the Offering

The funds raised will serve multiple purposes, primarily focusing on further exploration and development of New Pacific’s Carangas and Silver Sand projects. The company’s commitment to expanding its operations indicates a robust pathway toward enhancing its resource portfolio and increasing shareholder value.

Timeline for Closing the Offering

The expected closing date is set for around October 21, 2025, contingent upon acquiring necessary regulatory approvals. This includes approvals from the Toronto Stock Exchange as well as listing on the NYSE American, which is a significant milestone for the company.

Regulatory Considerations and Future Outlook

New Pacific has addressed the legal aspects surrounding the offering. The shares are not registered under the U.S. Securities Act, highlighting the importance of compliance with various jurisdictions. Investors should note that while the financing is a promising development, the market always presents risks and uncertainties that could influence future operations.

As New Pacific progresses, it positions itself strategically within the mining sector. The company focuses on exciting projects located in Bolivia, adding to its appeal among investors seeking to capitalize on the global demand for precious metals.

About New Pacific Metals

New Pacific is a Canadian exploration company dedicated to advancing its precious metal projects in Bolivia. With key projects such as the Silver Sand Silver Project and the recently discovered Carangas Silver-Gold Project, New Pacific stands at the forefront of sustainable mineral exploration.

Contact Information for Inquiries

For further inquiries, interested parties can reach out to:

Jalen Yuan, Interim Chief Executive Officer
New Pacific Metals Corp.
Phone: (604) 633-1368 Ext. 236
1750-1066 Hastings Street, Vancouver, BC V6E 3X1, Canada
E-mail: invest@newpacificmetals.com

Frequently Asked Questions

1. What is the purpose of the recent financing?

The financing will be used primarily for exploration and development projects at New Pacific's Carangas and Silver Sand projects.

2. Who are the lead underwriters for this financing?

Raymond James Ltd. and BMO Capital Markets are acting as co-lead underwriters for the financing round.

3. How much is Silvercorp investing in New Pacific?

Silvercorp has indicated it will participate by investing approximately C$9.86 million for shares in New Pacific.

4. When is the expected closing date for the offering?

The offering expects to close around October 21, 2025, pending regulatory approval.

5. What potential risks should investors consider?

Investors should be aware of market risks, regulatory changes, and operational uncertainties associated with mining projects.

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