New Pacific Metals Reports Significant Progress at Bolivian Silver Projects

New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has reported continued progress across its two primary silver projects in Bolivia, highlighting strengthened community engagement, renewed government support for foreign investment, and steady advancement toward critical permitting and development milestones. The company's operations at both the Carangas silver-gold project and Silver Sand silver project show significant forward momentum as Bolivia seeks to expand its mining sector.

At the Carangas project, the company advanced the conversion of exploration licenses to administrative mining contracts in 2025, a crucial step toward formal development. The company also secured a favorable community vote to proceed with consultation activities and began negotiating a long-term framework agreement with local stakeholders. These developments represent important progress in establishing the social license necessary for large-scale mining operations. Work is being planned for a feasibility study supported by more than 30,000 metres of infill and exploration drilling scheduled for 2026, which will provide critical data for project evaluation and development planning.

The Silver Sand project, which has the potential to be developed into one of the world's largest silver mines according to company statements, has seen particularly notable developments. The company regained full site access after successfully halting illegal artisanal mining operations that had previously disrupted exploration activities. This was accompanied by receiving long-term legal protection through an amparo ruling, which provides important security for the company's operations and investments. The company has also rebuilt community relations that were strained by previous conflicts and is working toward framework agreements that would allow environmental studies to restart in 2026.

These developments occur against a backdrop of renewed Bolivian government support for foreign investment in the mining sector. The progress at both projects suggests a more favorable operating environment for international mining companies in Bolivia, which has historically presented challenges for foreign operators. The company's ability to navigate complex social, legal, and regulatory landscapes demonstrates a sophisticated approach to project development in emerging mining jurisdictions.

The implications of these developments extend beyond New Pacific Metals to the broader mining industry and global silver markets. Successful development of these projects could significantly increase Bolivia's silver production capacity, potentially positioning the country as a more substantial player in global silver markets. For investors and industry observers, the progress suggests that Bolivia may be becoming more accessible for responsible mining development, potentially opening opportunities for other companies interested in the country's mineral resources.

The company's latest news and updates are available in its newsroom at http://ibn.fm/NEWP. The full press release detailing these developments can be viewed at https://ibn.fm/I4KQL. These developments represent important milestones in the development of what could become significant silver production assets, with potential implications for global silver supply, Bolivian economic development, and the viability of responsible mining in challenging jurisdictions.