Blockchain Registration Transaction Record

New Pacific Metals Raises C$40.4M in Major Financing Deal

New Pacific Metals closes C$40.4M financing with Silvercorp & Pan American Silver participation. Funds to advance Bolivian silver-gold projects including Silver Sand.

This financing represents a crucial development in the precious metals exploration sector, particularly for investors tracking silver and gold opportunities in South America. The substantial C$40.42 million capital raise provides New Pacific Metals with significant resources to advance its Bolivian projects at a time when silver demand continues to grow across industrial and investment sectors. The participation of established mining companies like Silvercorp Metals and Pan American Silver signals strong industry confidence in the company's assets and exploration potential. For market observers, this transaction highlights ongoing investment interest in silver exploration despite market volatility, while for Bolivian mining development, it represents continued foreign investment in the country's mineral resources. The successful financing also demonstrates investor appetite for precious metal projects in emerging mining jurisdictions, potentially paving the way for similar transactions in the sector.