Curated News
By: NewsRamp Editorial Staff
October 15, 2025
New Pacific Metals Raises C$35M in Bought Deal, Silvercorp Boosts Stake
TLDR
- New Pacific Metals' C$35.1 million offering provides capital to advance Silver Sand and Carangas projects, creating potential competitive advantage in silver-gold exploration.
- New Pacific Metals will issue 9.9 million shares at C$3.55 each through a bought deal offering with an over-allotment option for additional shares.
- This funding supports responsible mineral exploration in Bolivia, potentially creating economic opportunities while advancing sustainable resource development for future generations.
- Silvercorp Metals is increasing its stake to 28.05% in New Pacific, showcasing strong confidence in the Bolivian silver-gold projects' potential.
Impact - Why it Matters
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.
Summary
New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) has announced a significant capital raise through a bought deal offering that will generate approximately C$35.1 million (US$25.1 million). The Canadian exploration company is selling 9.9 million common shares at C$3.55 per share through a syndicate of underwriters, with Silvercorp Metals Inc. (NYSE American: SVM; TSX: SVM) playing a crucial role by subscribing to 2,776,950 shares for roughly C$9.86 million. This strategic investment would increase Silvercorp's ownership stake to approximately 28.05% of New Pacific's outstanding shares, assuming no exercise of the over-allotment option that allows underwriters to purchase up to 1.485 million additional shares within 30 days.
The substantial capital infusion will primarily support exploration and development activities at New Pacific's key precious metal projects in Bolivia, including the flagship Silver Sand Silver Project and the recently discovered Carangas Silver-Gold Project. The company's third asset, the Silverstrike Silver-Gold Project, also stands to benefit from the funding, along with general working capital and corporate purposes. The offering is scheduled to close around October 21, 2025, pending standard regulatory approvals. For comprehensive details, investors can access the full press release through the InvestorBrandNetwork platform, which provides specialized communications services including advanced wire-grade press release syndication and social media distribution through its Dynamic Brand Portfolio that reaches millions of followers.
As part of the broader financial communications ecosystem, InvestorWire serves as a specialized platform within the IBN network, offering enhanced press release services and corporate communications solutions that help companies like New Pacific Metals effectively reach target markets and the investment community. The platform's capabilities include article and editorial syndication to over 5,000 outlets, ensuring maximum visibility for important corporate developments such as this significant financing round that strengthens New Pacific's position in the precious metals exploration sector.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, New Pacific Metals Raises C$35M in Bought Deal, Silvercorp Boosts Stake
