New Pacific Metals Reports Strong Shareholder Support at Annual Meeting
TL;DR
New Pacific Metals shareholders overwhelmingly approved all matters at the annual meeting, signaling strong investor confidence in the company's leadership and strategic direction.
At New Pacific Metals' annual meeting, 78.53% of eligible votes were cast, with director nominees receiving approval ratings ranging from 96.52% to 99.90%.
New Pacific Metals' successful shareholder meeting supports its mission to develop sustainable precious metal projects in Bolivia, potentially creating economic opportunities for local communities.
New Pacific Metals operates three Bolivian precious metal projects, including the Silver Sand project which could become one of the world's largest silver mines.
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New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) announced that shareholders approved all matters presented at the company's annual meeting held on October 24, 2025. The meeting saw 144,270,137 common shares represented, representing 78.53 percent of eligible votes, demonstrating substantial shareholder participation in the company's governance decisions.
All six director nominees received overwhelming approval from shareholders, with support levels ranging from 96.52 percent to 99.90 percent. The elected directors include Dickson Hall, Martin Wafforn, Maria Tang, Jalen Yuan, Paul Simpson, and Myles Gao. This strong endorsement suggests shareholders have confidence in the current leadership's ability to advance the company's strategic objectives in the precious metals sector.
The voting results are particularly significant given New Pacific Metals' position as a Canadian exploration and development company with three precious metal projects in Bolivia. The company's flagship 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. Additionally, the company completed a discovery drill program at its Silverstrike project in 2022, indicating ongoing exploration activities across its portfolio.
For investors seeking additional information, the company maintains a newsroom at http://ibn.fm/NEWP where updates relating to NEWP are available. The full press release detailing the voting results can be accessed at https://ibn.fm/jw4Ms.
The strong shareholder support comes at a time when precious metals markets remain volatile, with silver prices experiencing fluctuations amid global economic uncertainty. New Pacific Metals' Bolivian projects position the company to potentially benefit from increased demand for silver, which has industrial applications in solar panels, electronics, and medical devices alongside its traditional role as a store of value.
Shareholder meetings serve as critical indicators of investor sentiment, particularly for exploration-stage companies like New Pacific Metals that require continued capital investment to advance their projects. The high approval ratings suggest shareholders are aligned with management's strategy and vision for developing the company's assets in Bolivia, a country with significant mineral resources but also political and regulatory challenges that require careful navigation.
The voting results also reflect broader trends in the mining sector, where shareholder activism has increased in recent years, with investors demanding greater transparency, environmental responsibility, and governance standards. New Pacific Metals' ability to secure such strong support indicates the company has effectively communicated its strategy and progress to its investor base, which is essential for maintaining access to capital markets as it advances its projects toward production.
Curated from InvestorBrandNetwork (IBN)
