MiningNewsBreaks – New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) Closes C$40.4 Million Bought Deal Financing

New Pacific Metals (TSX: NUAG) (NYSE American: NEWP) announced the closing of its previously announced bought deal financing for total gross proceeds of approximately C$40.42 million, including full exercise of the underwriters’ over-allotment option. The Company issued 11,385,000 common shares at C$3.55 per share through a syndicate of underwriters under an agreement dated Oct. 15, 2025. Silvercorp Metals Inc. participated with a C$10.95 million investment for 3,083,536 shares, maintaining a 27.99% stake, while Pan American Silver Corp. purchased 1,263,416 shares for C$4.49 million, representing 11.47% ownership. Both transactions qualified as related party transactions under MI 61-101 but were exempt from valuation and minority approval requirements.

To view the full press release, visit https://ibn.fm/Cm9qJ

About New Pacific Metals Corp.

New Pacific is a Canadian exploration and development company with precious metal projects in Bolivia, including the Company’s flagship project, the Silver Sand Silver Project, the Company’s recently discovered Carangas Silver-Gold Project and the Company’s third project, the Silverstrike Silver-Gold Project.

NOTE TO INVESTORS: The latest news and updates relating to NEWP are available in the company’s newsroom at http://ibn.fm/NEWP

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