New Pacific Metals Reports Progress on Bolivian Silver Projects Amid Improved Political Climate

New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has reported continued progress at its two major silver projects in Bolivia, with developments at both the Carangas silver-gold project and Silver Sand silver project indicating improved operational and political conditions. The company's advancements come amid what it describes as strengthened community engagement and renewed government support for foreign investment in Bolivia's mining sector.

At the Carangas project, the company has advanced the conversion of exploration licenses to administrative mining contracts in 2025, a critical step toward eventual production. The company also secured a favorable community vote to proceed with consultation activities and began negotiating a long-term framework agreement with local stakeholders. Work is being planned for a feasibility study supported by more than 30,000 metres of infill and exploration drilling scheduled for 2026, indicating the project's progression toward development phase.

The Silver Sand project, which the company describes as having potential to become one of the world's largest silver mines, has seen significant developments after operational challenges. The company regained full site access after halting illegal artisanal mining activities that had disrupted operations. Additionally, the project received long-term legal protection through an amparo ruling, providing greater security for future development. The company has rebuilt community relations and is working toward framework agreements that would allow environmental studies to restart in 2026.

These developments are significant for several reasons. First, they indicate improving conditions for foreign mining investment in Bolivia, a country with substantial mineral resources but historically challenging operating environments. The company's emphasis on community engagement and government support suggests a shift toward more stable regulatory frameworks. Second, the progress at both projects comes at a time when global silver demand continues to grow for industrial applications, particularly in solar energy and electronics manufacturing. Third, the advancement of these projects could position Bolivia as a more significant player in global silver production, potentially impacting supply dynamics in the precious metals market.

The company's progress is documented in its official communications, with detailed information available through its corporate newsroom at http://ibn.fm/NEWP. The full press release containing these updates can be accessed at https://ibn.fm/I4KQL.

For the mining industry, these developments demonstrate how improved stakeholder relations and government support can enable project advancement even in jurisdictions previously considered challenging. The company's approach to securing community approval through formal votes and negotiating framework agreements provides a potential model for other mining companies operating in similar environments. The timing of these developments is particularly relevant as global supply chains seek diversification of critical mineral sources, with silver playing an increasingly important role in energy transition technologies.