New Pacific Metals Reports Fiscal Q1 2026 Results and Announces Leadership Changes
TL;DR
New Pacific Metals secured CAD $40.4 million in financing and reduced quarterly losses, positioning investors for potential gains as it develops world-class silver projects.
New Pacific Metals reported a reduced net loss of $0.75 million for Q3 2025, completed a $40.4 million financing, and appointed new CEO Jalen Yuan and CFO Chester Xie.
New Pacific's development of major silver projects in Bolivia could create economic opportunities while advancing sustainable precious metal mining for global industrial needs.
New Pacific Metals operates three Bolivian precious metal projects including Silver Sand, potentially one of the world's largest silver mines, while maintaining $14.88 million in working capital.
New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) reported a net loss of $0.75 million, or $0.00 per share, for the three months ended September 30, 2025, representing a significant improvement from the $1.26 million net loss, or $0.01 per share, recorded in the same period last year. This reduced loss demonstrates the company's progress in managing its financial position while advancing its exploration and development activities in Bolivia.
The company successfully closed a bought deal financing on October 21, 2025, selling 11,385,000 common shares at CAD $3.55 per share for total gross proceeds of approximately CAD $40.4 million (US$28.8 million). This substantial capital infusion provides New Pacific with significant financial resources to accelerate development of its precious metal projects. Raymond James Ltd. acted as sole bookrunner and co-lead with BMO Nesbitt Burns Inc. in this financing transaction, which represents a strong vote of confidence from the investment community in the company's strategic direction and project portfolio.
In a strategic leadership move, New Pacific appointed Jalen Yuan as Chief Executive Officer and Chester Xie as Chief Financial Officer on October 23, 2025. Yuan will also join the company's board of directors, bringing additional governance expertise to the leadership team. These executive appointments signal the company's commitment to strengthening its management structure as it progresses toward development milestones at its Bolivian projects.
As of September 30, 2025, the company reported working capital of $14.88 million, providing substantial liquidity for ongoing operations and project development. Operating expenses for the quarter totaled $1.32 million, while the company generated investment income of $0.11 million and recorded a foreign exchange gain of $0.46 million. These financial metrics indicate prudent capital management and operational efficiency during the reporting period.
New Pacific's project portfolio includes three precious metal projects in Bolivia, with the flagship Silver Sand project having the potential to become one of the world's largest silver mines. The company is also advancing its Carangas silver-lead-zinc project, which features robust, high-margin characteristics. Additionally, the company completed a discovery drill program at its Silverstrike project in 2022, indicating ongoing exploration activity across its asset base. For additional information about the company's developments, investors can visit https://ibn.fm/NEWP.
The combination of improved financial performance, successful capital raising, and strengthened leadership positions New Pacific Metals for continued advancement of its Bolivian projects. The reduced quarterly loss and substantial working capital provide financial stability, while the new executive appointments bring fresh perspectives to guide the company through upcoming development phases. These developments are particularly significant given the growing global demand for silver and other precious metals in industrial applications and as store-of-value assets.
Curated from InvestorBrandNetwork (IBN)