New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has announced the signing of a Framework Agreement for Cooperation and Coordination with the Carangas community in connection with its Carangas silver-gold project in Bolivia’s Oruro Department. The agreement establishes terms for transparency, mutual benefit and long-term collaboration as the project advances toward production.
The framework outlines commitments to responsible development, environmental compliance, community investment and resettlement planning. In return, the community has agreed to support consultation, permitting and project access. With this agreement in place, the company expects to complete the formal prior consultation process, seek conversion of exploration licenses to mining permits and, upon permit approval, commence a feasibility study and a 2026 drilling campaign of more than 30,000 metres targeting resource expansion and new mineralized zones.
This development is significant as it demonstrates the company's ability to secure community support, a critical step for mining projects in Bolivia. The Carangas project is one of two permitting-stage precious metals projects in the country, alongside the Silver Sand project in Potosí, which has the potential to become one of the world’s largest silver mines. The Carangas project strengthens New Pacific’s portfolio through scale, robust economics, and regional exploration potential.
New Pacific has over a decade of operating experience in Bolivia and has earned the confidence of its stakeholders and shareholders. The company is headquartered in Vancouver, British Columbia, and its shares trade on the Canadian Securities Exchange under the symbol “NUAG” and on the New York Stock Exchange under the symbol “NEWP”.
For more details, the full press release is available at https://ibn.fm/WzP7f. The latest news and updates relating to NEWP are available in the company’s newsroom at http://ibn.fm/NEWP.
