New Pacific Metals Reports Improved Financial Performance and Strengthens Leadership Amid Bolivian Project Development

New Pacific Metals Corp. reported a net loss of $0.75 million, or $0.00 per share, for the three months ended September 30, 2025, representing a significant improvement from the $1.26 million net loss, or $0.01 per share, recorded in the same period last year. The reduced losses come as the company positions itself for accelerated development of its precious metal projects in Bolivia. The improved financial performance reflects the company's strategic focus on advancing its portfolio of silver-focused assets while maintaining disciplined capital management.

The company strengthened its financial position through a substantial capital raise, closing a bought deal financing on October 21, 2025. New Pacific sold 11,385,000 common shares at CAD $3.55 per share, generating total gross proceeds of approximately CAD $40.4 million (US$28.8 million). Raymond James Ltd. acted as sole bookrunner and co-lead with BMO Nesbitt Burns Inc. in facilitating this financing. This significant capital infusion provides the company with substantial resources to advance its exploration and development activities across its project portfolio.

Concurrent with its financial reporting, New Pacific announced key leadership appointments effective October 23, 2025. The company appointed Jalen Yuan as Chief Executive Officer and Chester Xie as Chief Financial Officer, with Yuan also joining the board of directors. These leadership changes come at a critical juncture as the company advances its flagship Silver Sand project, which has the potential to become one of the world's largest silver mines. The company is also progressing its robust, high-margin silver-lead-zinc Carangas project and completed a discovery drill program at Silverstrike in 2022.

As of September 30, 2025, the company reported working capital of $14.88 million, providing substantial liquidity for ongoing operations. Operating expenses totaled $1.32 million for the quarter, while the company generated investment income of $0.11 million and recorded a foreign exchange gain of $0.46 million. The combination of reduced losses, significant new funding, and strengthened leadership positions New Pacific to aggressively pursue development of its Bolivian assets. Investors can access additional information through the company's newsroom at http://ibn.fm/NEWP, while the full press release detailing these developments is available at https://ibn.fm/vDDUQ.