Blockchain Registration Transaction Record

New Pacific Metals Raises C$35M in Bought Deal, Silvercorp Boosts Stake

New Pacific Metals announces C$35.1M bought deal offering with Silvercorp Metals increasing stake to 28.05%. Funds will advance Silver Sand and Carangas projects in Bolivia.

This financing represents a significant vote of confidence in New Pacific Metals' Bolivian projects from both institutional investors and strategic partner Silvercorp Metals. For investors, the capital injection accelerates exploration at promising silver and gold projects in a region gaining attention for mineral potential, potentially unlocking substantial value. The increased ownership by Silvercorp, an established silver producer, suggests strong technical validation of New Pacific's assets and could lead to enhanced operational expertise and future development partnerships. In the broader mining sector, successful financings like this signal continued investor appetite for precious metals exploration despite market volatility, supporting the development of new silver and gold resources needed to meet growing industrial and investment demand.