New Pacific Metals Closes C$40.4 Million Bought Deal Financing

Core Viewpoint - New Pacific Metals Corp. has successfully closed a bought deal financing, raising approximately C$40.42 million through the sale of 11,385,000 common shares at C$3.55 per share, including an over-allotment option exercised by underwriters [1][2]. Financing Details - The offering was completed through a syndicate of underwriters and was based on an underwriting agreement dated October 15, 2025 [1][3]. - Silvercorp Metals Inc. subscribed for 3,083,536 shares, amounting to approximately C$10.95 million, while Pan American Silver Corp. subscribed for 1,263,416 shares, totaling approximately C$4.49 million [2]. Ownership Structure - Following the offering, Silvercorp owns approximately 27.99% and Pan American owns approximately 11.47% of the outstanding common shares of New Pacific [2]. Use of Proceeds - The 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]. Regulatory Information - The offering was conducted under a prospectus supplement dated October 15, 2025, and the shares issued have not been registered under the U.S. Securities Act [3][5].