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

New Pacific Metals Corp. 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. The financing represents a significant capital infusion for the Canadian exploration company, which will direct net proceeds toward advancing its precious metal projects in Bolivia. Silvercorp Metals Inc. has committed to subscribe to 2,776,950 shares for roughly C$9.86 million, a strategic investment that would increase its ownership stake in New Pacific to about 28.05% of outstanding shares assuming no exercise of the over-allotment option.

The substantial financial backing from Silvercorp Metals, a established silver producer, validates New Pacific's project portfolio and provides strategic partnership benefits beyond pure capital investment. The underwriters have been granted a 30-day over-allotment option to purchase up to 1.485 million additional shares, potentially increasing the total offering size. This financing structure demonstrates strong institutional confidence in New Pacific's development strategy and the potential of its Bolivian assets. The offering is scheduled to close on or about October 21, 2025, pending standard regulatory approvals from both Canadian and U.S. securities authorities.

Proceeds from the financing will primarily support exploration and development activities at the Carangas and Silver Sand projects, two of New Pacific's core assets in Bolivia. The Carangas project represents a recently discovered silver-gold system, while the Silver Sand project serves as the company's flagship silver development asset. Additional funds will be allocated for working capital requirements and general corporate purposes, providing operational flexibility as the company advances its project pipeline. The timing of this financing positions New Pacific with strengthened financial resources during a period of increasing global demand for silver, particularly for industrial applications in renewable energy technologies and electronics manufacturing.

The transaction highlights the growing importance of strategic partnerships in the mining sector, where established producers like Silvercorp Metals seek exposure to promising exploration projects through direct investment. This financing model allows New Pacific to advance its projects with reduced dilution compared to traditional equity offerings while gaining access to Silvercorp's technical expertise and operational experience. The market response to this financing will be closely watched as an indicator of investor sentiment toward junior mining companies with international assets, particularly those operating in jurisdictions like Bolivia that offer significant mineral potential. Further details about the company's development plans and project updates are available in their newsroom at http://ibn.fm/NEWP.