New Pacific Metals Corp. Appoints Permanent Leadership, Secures C$35.1 Million for Bolivian Silver Projects

New Pacific Metals Corp. has solidified its leadership team with the permanent appointments of Jalen Yuan as Chief Executive Officer and Chester Xie as Chief Financial Officer, following their interim roles since April 2025. Yuan will also serve on the company's board of directors. According to an article discussing the move, both executives have driven meaningful progress during their interim tenure, including advancing permitting efforts and strengthening the company's relationships with capital markets.

The leadership announcement comes alongside significant financial developments 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 net proceeds are designated for exploration and further development of the Carangas and Silver Sand projects in Bolivia, as well as for working capital and general corporate purposes.

This development is important because it signals a maturation phase for New Pacific as it transitions from exploration to development of what could become significant silver mining operations. The Silver Sand project has the potential to be developed into one of the world's largest silver mines, while the Carangas project represents a robust, high-margin silver-lead-zinc opportunity. The company also completed a discovery drill program at its Silverstrike project in 2022.

The implications of this announcement extend beyond corporate leadership changes. The C$35.1 million capital infusion provides the financial runway necessary to advance these projects through critical development stages, potentially bringing new silver production online in a market where demand continues to grow for industrial and investment purposes. For investors, the permanent appointments suggest stability and confidence in the company's strategic direction, while the successful capital raise demonstrates market support for New Pacific's Bolivian projects.

Board Chair Dickson Hall expressed optimism about working with Yuan and Xie as the company advances its projects in Bolivia. The leadership continuity and fresh capital position New Pacific to potentially become a significant player in the global silver market, with implications for supply chains, regional economic development in Bolivia, and investment opportunities in the precious metals sector. Additional information about New Pacific Metals Corp. is available in the company's newsroom at https://ibn.fm/NEWP.