New Pacific Metals Corp. Announces Permanent Leadership Appointments and Advances Bolivian Projects with C$35.1 Million Financing

New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) has announced the permanent appointments of Jalen Yuan as Chief Executive Officer and Chester Xie as Chief Financial Officer, with Yuan also joining the company's board of directors. The executives were initially appointed to interim roles in April 2025 and have since overseen meaningful progress, including advancing permitting efforts and strengthening the company's relationships with the capital markets. Board Chair Dickson Hall stated the company looks forward to working with Yuan and Xie as it advances its projects in Bolivia.

This leadership stabilization coincides with a significant capital raise for the Canadian exploration and development company. In early October, New Pacific entered into a bought deal agreement with a syndicate of underwriters for 9.9 million common shares, generating gross proceeds of approximately C$35.1 million. The company has designated the net proceeds for the exploration and further development of its Carangas and Silver Sand projects in Bolivia, as well as for working capital and general corporate purposes.

The funding is critical for advancing New Pacific's core assets. The company's flagship Silver Sand project has the potential to be developed into one of the world's largest silver mines. Concurrently, the company is advancing its robust, high-margin silver-lead-zinc Carangas project. A discovery drill program was also completed at the company's Silverstrike project in 2022. The latest news and updates relating to NEWP are available in the company's newsroom at https://ibn.fm/NEWP.

For investors and the mining industry, these developments signal a maturing operational phase for New Pacific. The permanent appointment of a leadership team that has already demonstrated progress suggests strategic continuity, which is vital for navigating the complex permitting and development landscape in Bolivia. The substantial C$35.1 million financing provides the necessary capital to transition key projects from exploration toward development, de-risking the company's path forward. The focus on the Silver Sand project, with its potential for global scale, could significantly impact future silver supply, a metal with growing importance in industrial and green technology applications. The successful deployment of this capital will be closely watched as a barometer for junior mining companies operating in South America, demonstrating the feasibility of attracting investment for large-scale, precious metal projects in the region.