New Pacific Metals Solidifies Leadership, Secures C$35.1M for Bolivian Projects

New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG), a Canadian exploration and development company, has solidified its leadership team by making permanent appointments for its top executive roles. Jalen Yuan has been named permanent CEO and will also serve on the company's board of directors, while Chester Xie has been appointed permanent CFO. Both executives were initially brought on in interim capacities in April 2025 and have since driven significant progress, including advancing permitting efforts and strengthening the company's relationships with the capital markets. This leadership stabilization comes on the heels of a major financial milestone: in early October, New Pacific entered into a bought deal agreement with a syndicate of underwriters, issuing 9.9 million common shares to generate gross proceeds of approximately C$35.1 million. The net proceeds from this offering are earmarked for the exploration and further development of the company's key projects in Bolivia, as well as for working capital and general corporate purposes.

The company's strategic focus remains on its three precious metal projects in Bolivia, which are central to its growth trajectory. The flagship Silver Sand project holds the potential to be developed into one of the world's largest silver mines, representing a significant asset in the global silver market. Additionally, New Pacific is advancing its Carangas project, described as a robust, high-margin silver-lead-zinc operation. A discovery drill program was also completed at the Silverstrike project in 2022, indicating ongoing exploration activity. Board Chair Dickson Hall expressed optimism about working with the newly permanent leadership team as the company advances these projects. For more detailed information, readers can view the full article, which is part of the services provided by MissionIR, a specialized communications platform within the Dynamic Brand Portfolio at IBN that assists IR firms with syndicated content to enhance company visibility.

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