New Pacific Metals Reports Narrowed Q1 Loss, Completes $40.4 Million Financing and Appoints New Leadership

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 financial performance demonstrates the company's progress in managing expenses while advancing its precious metal projects in Bolivia.

The company successfully closed a substantial 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 financing, led by Raymond James Ltd. as sole bookrunner and co-lead with BMO Nesbitt Burns Inc., provides crucial capital for advancing the company's exploration and development activities. The successful completion of this financing at a premium price point reflects investor confidence in New Pacific's project portfolio and strategic direction.

In a significant leadership transition, New Pacific appointed Jalen Yuan as Chief Executive Officer and Chester Xie as Chief Financial Officer on October 23, 2025, with Yuan also joining the company's board of directors. These appointments come at a critical juncture as the company advances its three precious metal projects in Bolivia, including the flagship Silver Sand project which has the potential to become one of the world's largest silver mines. The leadership changes signal a strategic shift in management approach and corporate governance.

The company's financial position remained strong as of September 30, 2025, with working capital of $14.88 million. Operating expenses totaled $1.32 million for the quarter, 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.

For investors seeking additional information, the company maintains its newsroom at http://ibn.fm/NEWP where updates and corporate developments are regularly posted. The full details of the quarterly results and leadership appointments are available in the official press release accessible through https://ibn.fm/vDDUQ. These developments are particularly significant for the precious metals sector as New Pacific advances projects that could substantially impact global silver production capacity.

The combination of improved financial performance, successful capital raising, and new leadership appointments positions New Pacific Metals for accelerated development of its Bolivian assets. The company's progress comes at a time when global demand for silver continues to grow across industrial, technological, and investment applications, making the advancement of major silver projects increasingly important for meeting future supply needs. The reduced quarterly loss and strengthened balance sheet provide the financial foundation necessary to advance the Silver Sand project toward development decisions.