New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) reported financial results for the three months ended September 30, 2025, highlighting a net loss of $0.75 million, or $0.00 per share, an improvement from a net loss of $1.26 million, or $0.01 per share, in the same period last year. The company also completed a bought deal financing on October 21, 2025, issuing 11,385,000 common shares at CAD $3.55 per share for gross proceeds of approximately CAD $40.4 million (US$28.8 million). Raymond James Ltd. served as sole bookrunner, with BMO Nesbitt Burns Inc. as co-lead underwriter.
On October 23, 2025, New Pacific appointed Jalen Yuan as Chief Executive Officer and as a member of the board of directors, and Chester Xie as Chief Financial Officer. These leadership changes come as the company advances its flagship Silver Sand project, which has the potential to become one of the world's largest silver mines, and its Carangas silver-lead-zinc project in Bolivia.
As of September 30, 2025, the company reported working capital of $14.88 million, operating expenses of $1.32 million, investment income of $0.11 million, and a foreign exchange gain of $0.46 million. The financing and appointments are expected to support continued exploration and development activities. For more details, the full press release is available at https://ibn.fm/vDDUQ.
New Pacific is a Canadian exploration and development company with three precious metal projects in Bolivia. The company also completed a discovery drill program at Silverstrike in 2022. The latest news and updates relating to NEWP are available at http://ibn.fm/NEWP.
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