New Pacific Metals Corp. Announces Permanent Leadership Appointments and Advances Bolivian Projects

New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) has announced the permanent appointments of Jalen Yuan as Chief Executive Officer and Chester Xie as Chief Financial Officer, with Yuan also joining the company's board of directors. The appointments follow a period where both executives served in interim capacities since April 2025, during which they drove meaningful progress in permitting efforts and strengthened the company's relationships with capital markets. This leadership stabilization comes as the company advances its development projects in Bolivia, including its flagship Silver Sand project, which has the potential to become one of the world's largest silver mines.

The company's strategic momentum was further demonstrated in early October when New Pacific entered into a bought deal agreement with a syndicate of underwriters. The agreement involved the issuance of 9.9 million common shares, generating gross proceeds of approximately C$35.1 million. According to the company, these net proceeds are designated for the exploration and further development of the Carangas and Silver Sand projects, as well as for working capital and general corporate purposes. This substantial capital infusion is critical for advancing the company's assets in Bolivia, where it holds three precious metal projects.

Board Chair Dickson Hall expressed confidence in the new leadership, stating the company looks forward to working with Yuan and Xie as it advances its projects. The Carangas project is noted as a robust, high-margin silver-lead-zinc asset, complementing the development focus on Silver Sand. The company also completed a discovery drill program at its Silverstrike project in 2022, indicating ongoing exploration activity across its portfolio. The permanent appointments and successful financing round signal a transition from interim management to a solidified executive team focused on project execution.

The implications of these developments are significant for New Pacific's growth trajectory in the Bolivian mining sector. Securing approximately C$35.1 million provides the financial runway necessary to advance permitting and development work on key assets. The leadership appointments bring stability and continuity to the company's operations, which is crucial for navigating the complex regulatory and operational environment in Bolivia. For investors, these moves represent a commitment to progressing the company's projects toward production, potentially unlocking substantial value from what the company describes as world-class silver assets. The latest news and updates relating to NEWP are available in the company's newsroom at https://ibn.fm/NEWP.