New Pacific Metals Secures C$40.4 Million in Financing with Major Silvercorp and Pan American Silver Investments

New Pacific Metals Corp. has successfully closed a C$40.4 million bought deal financing, marking a significant capital infusion that will accelerate development of the company's precious metal projects in Bolivia. The financing, which included full exercise of the underwriters' over-allotment option, involved the issuance of 11,385,000 common shares at C$3.55 per share through a syndicate of underwriters under an agreement dated October 15, 2025.

The transaction attracted substantial participation from two major industry players, demonstrating strong confidence in New Pacific's portfolio. Silvercorp Metals Inc. invested C$10.95 million for 3,083,536 shares, maintaining its 27.99 percent stake in the company. Simultaneously, Pan American Silver Corp. purchased 1,263,416 shares for C$4.49 million, representing 11.47 percent ownership. Both transactions qualified as related party transactions under MI 61-101 but were exempt from valuation and minority approval requirements.

This financing represents a crucial development for New Pacific's exploration and development activities in Bolivia, where the company holds three significant precious metal projects. The capital raise provides the financial foundation to advance the company's flagship Silver Sand Silver Project, along with the recently discovered Carangas Silver-Gold Project and the Silverstrike Silver-Gold Project. The substantial investment from established mining companies like Silvercorp and Pan American Silver validates the potential of these Bolivian assets and provides strategic partnerships that could enhance operational capabilities.

The successful completion of this financing during a period of market volatility underscores investor confidence in both New Pacific's management team and the long-term prospects of precious metals. The participation of Silvercorp Metals, which maintains its significant ownership position, suggests continued belief in the company's strategic direction and project potential. Similarly, Pan American Silver's substantial investment represents a strategic move by one of the world's premier silver mining companies to gain exposure to promising exploration assets.

For investors and industry observers, this financing signals growing interest in Bolivian mining opportunities and reflects the ongoing global demand for silver and gold projects. The transaction structure as a bought deal financing indicates strong institutional support and market appetite for well-positioned exploration companies. The full details of the financing are available in the company's official press release at https://ibn.fm/Cm9qJ, while ongoing updates about New Pacific Metals can be found in the company's newsroom at http://ibn.fm/NEWP.

The capital injection comes at a critical time for the mining sector, where exploration and development funding has become increasingly competitive. New Pacific's ability to secure this level of financing with prominent industry partners positions the company favorably against peers and provides the necessary resources to advance its projects through key development milestones. The transaction demonstrates the continued importance of strategic partnerships in the mining industry and highlights how established producers are seeking exposure to promising exploration assets through direct investment.