New Pacific Metals Secures C$35.1 Million in Bought Deal Financing to Advance Bolivian Projects

New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has entered into an agreement with a syndicate of underwriters for a bought deal offering of 9.9 million common shares at C$3.55 per share, generating gross proceeds of approximately C$35.1 million (US$25.1 million). This substantial capital infusion represents a significant vote of confidence in the company's growth trajectory and development strategy in the precious metals sector.

The financing structure includes a 30-day over-allotment option granted to the underwriters to purchase up to 1.485 million additional shares, providing potential additional capital of approximately C$5.27 million if fully exercised. Silvercorp Metals Inc. (NYSE American: SVM; TSX: SVM) has demonstrated strong commitment to New Pacific's future by intending to participate through subscribing to 2,776,950 shares for roughly C$9.86 million (US$7.05 million). This strategic investment would increase Silvercorp's ownership to approximately 28.05% of New Pacific's outstanding shares, assuming no exercise of the over-allotment option, solidifying their partnership in advancing Bolivian precious metal projects.

The net proceeds from this financing are earmarked for specific strategic purposes, primarily supporting exploration and development activities at the Carangas and Silver Sand projects. These funds will enable accelerated advancement of both projects through expanded drilling programs, resource definition, and feasibility studies. Additional allocation includes working capital requirements and general corporate purposes, providing the financial flexibility needed to execute the company's growth strategy effectively.

The Carangas Silver-Gold Project represents one of New Pacific's key assets in Bolivia, alongside the flagship Silver Sand Silver Project and the Silverstrike Silver-Gold Project. The company maintains an active newsroom at http://ibn.fm/NEWP where investors can access the latest corporate developments and project updates. This comprehensive project portfolio positions New Pacific as a significant player in the South American precious metals exploration sector, with particular focus on silver and gold discoveries.

The timing of this financing coincides with increasing global demand for precious metals, particularly silver, which plays crucial roles in both industrial applications and investment portfolios. The successful completion of this offering, expected on or about October 21, 2025, subject to customary regulatory approvals, will provide New Pacific with the necessary capital to advance its projects during a period of favorable metal prices and market conditions.

This financing round demonstrates the mining investment community's confidence in New Pacific's management team and project pipeline. The participation of Silvercorp Metals, an established mining company with operational expertise, provides not only capital but also strategic partnership benefits that could accelerate project development and de-risking activities. The transaction structure as a bought deal offering indicates strong underwriter confidence in the company's valuation and market position.

The additional capital will enable New Pacific to accelerate exploration programs, potentially leading to resource expansion and project advancement that could significantly impact the company's valuation and the broader precious metals mining sector in Bolivia. This development comes at a time when global silver supply faces challenges, making new discoveries and project developments increasingly valuable to meeting future demand requirements across industrial and investment markets.