Core Points - New Pacific Metals Corp. has entered into an agreement with Raymond James Ltd. and BMO Capital Markets for a bought deal offering of 9,900,000 common shares at C$3.55 per share, totaling approximately C$35.1 million (US$25.1 million) [1] - Silvercorp Metals Inc. intends to participate in the offering by subscribing to 2,776,950 common shares, representing approximately C$9.86 million (US$7.05 million), which would give Silvercorp approximately 28.05% ownership of New Pacific's outstanding common shares post-offering [2] - The offering will be conducted in all provinces of Canada except Québec and may also be offered via private placement in the United States under registration exemptions [3] - Net proceeds from the offering will be allocated for exploration and development at the Carangas and Silver Sand projects, as well as for working capital and general corporate purposes [4] - The offering is expected to close around October 21, 2025, pending necessary regulatory approvals [4] Company Overview - New Pacific is a Canadian exploration and development company focused on precious metal projects in Bolivia, including the Silver Sand Silver Project, Carangas Silver-Gold Project, and Silverstrike Silver-Gold Project [7]

Core Viewpoint - New Pacific Metals Corp. has filed a final short form base shelf prospectus and a corresponding shelf registration statement to replace its prior base shelf prospectus, which expired on September 16, 2025, providing the company with flexibility for future financings [1][2]. Group 1: Prospectus and Registration Statement - The new Prospectus allows the company to offer up to US$200,000,000 in various securities, including common shares, preferred shares, debt securities, and warrants, over a 25-month period [2]. - Specific terms for future offerings will be determined based on market conditions and detailed in accompanying Prospectus Supplements [2]. Group 2: Company Overview - New Pacific Metals is a Canadian exploration and development company with three precious metal projects in Bolivia, including the flagship Silver Sand project, which has the potential to be one of the largest silver mines globally [5]. - The company is also advancing the high-margin silver-lead-zinc Carangas project and completed a discovery drill program at Silverstrike in 2022 [5].

Group 1 - New Pacific Metals (NEWP.US) experienced a 7.59% increase in stock price, closing at $1.70, with a year-to-date gain of 44% [1] - The Federal Reserve Chairman Jerome Powell's dovish stance at the Jackson Hole conference has increased expectations for a rate cut in September from 75% to 90% [1] - UBS has raised its gold price target for June 2024 by $200 to $3,700 per ounce, anticipating continued upward momentum driven by U.S. factors [1] Group 2 - New Pacific Metals focuses on investment, exploration, and development of precious metal resources in South America and North America [1] - The company has significant mining projects in Bolivia, including Carangas silver-gold mine, flagship Silver Sand silver mine, and Silverstrike silver-gold mine [1] - The upcoming presidential transition in Bolivia is expected to lead to more open and free market policies for mineral resources, which could positively impact the future performance of lithium and silver [1]

Group 1 - New Pacific Metals (NEWP.US) experienced a 7.59% increase in stock price, closing at $1.70, with a year-to-date gain of 44% [1] - Federal Reserve Chairman Jerome Powell's dovish stance at the Jackson Hole conference has raised expectations for a September interest rate cut from 75% to 90% [1] - UBS has raised its gold price target for June 2024 by $200 to $3,700 per ounce, anticipating continued upward momentum driven by U.S. factors [1] Group 2 - New Pacific Metals focuses on investment, exploration, and development of precious metal resources in South America and North America [1] - The company has significant mining projects in Bolivia, including the Carangas silver-gold mine, flagship Silver Sand silver mine, and Silverstrike silver-gold mine [1] - The upcoming presidential transition in Bolivia is expected to lead to more open and free market policies for mineral resources, which could positively impact the future performance of lithium and silver [1]

Company Leadership Changes - Andrew Williams will step down as CEO and Director effective April 15, 2025, with Jalen Yuan appointed as interim CEO [1] - Chester Xie has been appointed as interim CFO, ensuring continuity during the transition [1] - Jalen Yuan has served as CFO for 10 years and possesses extensive knowledge of the company's Bolivian operations [1] Board of Directors' Statement - The Board expressed gratitude to Andrew Williams for his leadership over the past two years, highlighting his role in guiding the company through key developments in Bolivia [2] - The Board has confidence in Jalen Yuan and the senior management team as they search for a permanent CEO [2] - The company remains focused on maximizing value for stakeholders from its assets in Bolivia [2] Company Overview - New Pacific is a Canadian exploration and development company with three precious metal projects in Bolivia [3] - The flagship Silver Sand project has the potential to become one of the largest silver mines globally [3] - The company is also advancing the high-margin silver-lead-zinc Carangas project and completed a discovery drill program at Silverstrike in 2022 [3]

Core Insights - New Pacific Metals Corp. outlines its 2025 operational plans in Bolivia, focusing on advancing its flagship projects, Silver Sand and Carangas, while strengthening stakeholder relationships and securing necessary permits for construction [1][2]. Silver Sand Project - The company aims to secure surface rights through long-term land lease agreements with local communities in 2025, facing challenges from illegal artisanal miners [3]. - Legal actions have been taken to protect mineral rights, with an execution order obtained from the Mining Jurisdictional Administrative Authority (AJAM) [3]. Carangas Project - The company plans to transition its existing Exploration License to an Administrative Mining Contract under Bolivia's 2014 Mining Code, with the Carangas Project expected to be the first large-scale project to pursue this transition [4]. - A Ministerial Resolution outlining the AMC conversion process was passed on July 25, 2024, following strong engagement with local and federal authorities [4]. Financial Position - As of December 31, 2024, the company holds approximately $18 million in cash, with a baseline budget of $8 million for 2025, allowing for financial strength and flexibility in advancing its plans [7][2]. Production Potential - The company believes that its projects have the potential to produce nearly 19 million ounces of silver annually, which is crucial for meeting anticipated global demand for silver [2][9]. Environmental and Socioeconomic Studies - Throughout 2025, the company intends to advance environmental, socioeconomic, and hydrological studies in collaboration with local communities, prioritizing low-cost, long-lead information required for responsible mining [5].

Financial Performance - Net loss for the three months ended December 31, 2024, was $764,659, compared to a net loss of $1,527,071 for the same period in 2023, indicating a 50% improvement year-over-year[3] - Total comprehensive loss for the six months ended December 31, 2024, was $4.52 million, compared to $2.75 million for the same period in 2023, indicating an increase in losses[4] - The company reported a net loss of $2,751,582 for the six months ended December 31, 2024, compared to a net loss of $3,273,685 for the same period in 2023, indicating a 16% improvement year-over-year[6] - For the three months ended December 31, 2024, the total operating expenses were $1.59 million, compared to $1.82 million for the same period in 2023, reflecting a decrease of approximately 12.7%[54] - For the six months ended December 31, 2024, the net loss was $2.02 million, compared to a net loss of $3.27 million for the same period in 2023, indicating a reduction of approximately 38.4%[55] Cash and Assets - Total assets decreased to $134.52 million as of December 31, 2024, from $137.67 million on June 30, 2024, representing a decline of approximately 2.8%[2] - Cash and cash equivalents decreased to $18.06 million at the end of December 2024, down from $21.95 million at the end of June 2024, reflecting a decrease of 17.5%[5] - The company’s cash and cash equivalents as of December 31, 2024, totaled $18,061,992, down from $21,950,211 as of June 30, 2024[41] - Total liabilities decreased from $1.21 million on June 30, 2024, to $1.04 million on December 31, 2024[53] Operating Expenses - Operating expenses for the six months ended December 31, 2024, totaled $3.20 million, a decrease of 13% compared to $3.69 million for the same period in 2023[3] - The company incurred share-based compensation expenses of $395.67 thousand for the three months ended December 31, 2024[54] - Total operating expenses for the six months ended December 31, 2024, were $3.20 million, down from $3.69 million in the same period of 2023[55] Foreign Exchange and Investments - The company reported a foreign exchange gain of $635,941 for the three months ended December 31, 2024, compared to a gain of $16,666 in the same period of 2023, showing significant improvement[3] - The company reported income from investments of $190.04 thousand for the three months ended December 31, 2024, compared to $275.02 thousand in the same period of 2023[54] Shareholder Information - The weighted average number of common shares for the six months ended December 31, 2024, was 171,471,452, compared to 164,334,249 for the same period in 2023, indicating an increase of approximately 4.5%[3] - The company reported a loss per share of $0.01 for the six months ended December 31, 2024, consistent with the loss per share for the same period in 2023[3] - As of December 31, 2024, the company has 171,640,213 common shares issued, with a share capital amounting to $182,757,685[6] Capital Expenditures - The company had capital expenditures of $1.45 million for the six months ended December 31, 2024, compared to $2.98 million in the same period of 2023, reflecting a decrease of 51%[5] - For the three and six months ended December 31, 2024, total capitalized expenditures for the Silver Sand Project were $418,680 and $935,787, respectively, compared to $413,362 and $1,379,261 for the same periods in 2023[18] - The Carangas Project incurred capitalized expenditures of $387,175 and $750,396 for the three and six months ended December 31, 2024, compared to $321,877 and $936,734 in 2023[21] - The Silverstrike Project had capitalized expenditures of $5,736 and $31,879 for the three and six months ended December 31, 2024, down from $10,125 and $77,441 in 2023[22] Related Party Transactions - Related party transactions for the three and six months ended December 31, 2024, amounted to $278,094 and $495,753, respectively, compared to $193,296 and $409,487 in 2023[25] - The company expects to continue making payments to Silvercorp Metals Inc. in the normal course of business, with related party balances of $37,825 as of December 31, 2024[25] Mineral Properties - The company has not yet determined if its mineral properties contain economically recoverable mineral reserves, which impacts the underlying value of its mineral property interests[7] - The balance of mineral property acquisition costs as of December 31, 2024, is $114,654,730, an increase from $113,765,931 on June 30, 2024[23] Other Financial Metrics - Interest income for the six months ended December 31, 2024, was $461,917, up from $300,721 in the same period of 2023, representing a 54% increase[15] - The fair value change on equity investments for the three months ended December 31, 2024, was a loss of $7,972, compared to a loss of $11,626 in the same period of 2023, showing a 31% reduction in losses[15] - The company’s accumulated deficit increased to $76,645,514 as of December 31, 2024, from $74,645,012 on June 30, 2024[6] - The accumulated depreciation for property, plant, and equipment as of December 31, 2024, is $(880,869), up from $(789,608) on June 30, 2024[16] Company Overview - The company is publicly listed on the Toronto Stock Exchange under the symbol "NUAG" and on the NYSE American under the symbol "NEWP"[8] - The company operates in four reportable segments, including a corporate segment and three exploration and development segments based on mineral properties in Bolivia[52]

Core Insights - New Pacific Metals Corp. has released a Preliminary Economic Assessment (PEA) for its Carangas project in Bolivia, indicating strong economic potential with a post-tax NPV of $501 million and an IRR of 26% at base case metal prices [1][4][6]. Economic Highlights - The PEA estimates a total payable silver production of approximately 106 million ounces over a 16-year mine life, with an average annual production of 6.5 million ounces [3][6]. - Initial capital costs are projected at $324 million, with a post-tax payback period of 3.2 years [3][6]. - The average all-in sustaining cost (AISC) is estimated at $7.60 per ounce of silver, net of by-products [3][6]. Production and Processing - The project anticipates an annual processing rate of 4 million tonnes, with a total mill feed of 64.4 million tonnes [2][10]. - Silver recovery is projected at 87.3%, with the average silver grade in the first six years expected to be 83 g/t [2][10]. - The mine will utilize a conventional open-pit mining approach, with a low strip ratio of 1.7:1, enhancing operational efficiency [10][13]. Community and Government Relations - The company emphasizes collaboration with local communities and government, which is crucial for advancing the project and securing necessary permits [5][24]. - The Bolivian government has established a pathway for transitioning from exploration to mining licenses, with Carangas set to be the first project under the 2014 mining code [24]. Next Steps - Following the PEA, New Pacific plans to secure necessary permits and proceed with a feasibility study, expected to take 12-18 months [22][23]. - The company has made significant progress in environmental assessments and community engagement, which are essential for project advancement [23][24].

Core Viewpoint - New Pacific Metals Corp. has filed an independent Pre-Feasibility Study (PFS) technical report for its Silver Sand project in Potosi, Bolivia, effective June 19, 2024, indicating significant potential for development into one of the world's largest silver mines [1][5]. Company Overview - New Pacific Metals is a Canadian exploration and development company with three precious metal projects in Bolivia, including the flagship Silver Sand project, which is poised for significant development [5]. - The company is also advancing its Carangas project towards a Preliminary Economic Assessment and completed a discovery drill program for the Silverstrike project in 2022 [5]. Technical Report Details - The PFS Technical Report was prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101, ensuring compliance with industry standards for mineral project disclosures [2]. - Qualified persons involved in the PFS include experienced mining engineers and geologists from AMC Mining Consultants and BBA Engineering Ltd., who have reviewed and approved the technical content of the report [3][4]. Availability of Information - The PFS Technical Report is accessible under the company's profile on SEDAR+, EDGAR, and the company's official website, providing transparency and detailed information for stakeholders [4].

Core Viewpoint - New Pacific Metals Corp. (NEWP) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook driven by an upward trend in earnings estimates [1][8]. Earnings Estimate Revisions - Analysts have raised their earnings estimates for New Pacific Metals, with the Zacks Consensus Estimate increasing by 14.3% over the past three months [5]. - The company is expected to earn -$0.03 per share for the fiscal year ending June 2024, reflecting a 40% change from the previous year's reported number [11]. Zacks Rating System - The Zacks Rank system classifies stocks based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks averaging a +25% annual return since 1988 [4]. - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions [6][14]. Market Implications - The upgrade to Zacks Rank 2 suggests that New Pacific Metals is positioned for potential stock price increases due to positive earnings outlook and buying pressure [8][14]. - Empirical research supports a strong correlation between earnings estimate revisions and near-term stock movements, highlighting the importance of tracking these revisions for investment decisions [10].