New Pacific Metals Reports Fiscal Q1 2026 Results and Announces Leadership Changes

New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) 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 net loss of $1.26 million, or $0.01 per share, recorded in the same period last year. The company successfully closed a substantial bought deal financing on October 21, 2025, selling 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). This financing was managed by Raymond James Ltd. acting as sole bookrunner and co-lead with BMO Nesbitt Burns Inc., providing substantial capital for the company's ongoing operations and project development.

In a strategic leadership move on October 23, 2025, New Pacific appointed Jalen Yuan as Chief Executive Officer and Chester Xie as Chief Financial Officer, with Yuan also joining the company's board of directors. These appointments signal a new phase in the company's corporate governance and strategic direction. As of September 30, 2025, the company maintained strong financial positioning with 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 combination of reduced losses, successful financing, and strengthened leadership positions New Pacific for continued advancement of its precious metal projects in Bolivia.

The financial results and leadership changes come at a critical time for the company's development strategy. New Pacific operates three precious metal projects in Bolivia, with the Silver Sand project positioned as its flagship asset with potential to become one of the world's largest silver mines. The company is also progressing its Carangas silver-lead-zinc project and completed a discovery drill program at Silverstrike in 2022. Investors can access additional information through the company's newsroom at http://ibn.fm/NEWP and view detailed financial disclosures at https://ibn.fm/vDDUQ. The improved financial performance, combined with fresh executive leadership and substantial new capital, provides New Pacific with enhanced capacity to advance its portfolio of Bolivian mining projects during a period of growing global demand for precious metals.