New Pacific Metals Files Prospectus Supplement in Connection with Bought Deal Public Offering

Executive Summary

• New Pacific Metals Corp. filed a prospectus supplement to qualify the distribution of 9,900,000 common shares at $3.55 per share, with an over‑allotment option for up to 1,485,000 additional shares.
• The offering is expected to close on or about October 21, 2025, subject to regulatory approvals including the Toronto Stock Exchange.
• Proceeds will be used to fund exploration and development activities on the Company’s Bolivian precious‑metal projects.

Key Details

• Offering Size: 9,900,000 common shares at $3.55 per share (gross proceeds of approximately $35.1 million).
• Over‑Allotment Option: Up to an additional 1,485,000 common shares at the same price, potentially raising total gross proceeds to about $39.4 million.
• Closing Date: Expected on or about October 21, 2025, subject to regulatory approvals.
• Regulatory Conditions: Requires approval from the Toronto Stock Exchange and other applicable securities regulators.
• Distribution Restrictions: Shares are not registered under U.S. securities laws and may not be offered or sold in the United States or to U.S. persons absent an exemption.
• Use of Proceeds: To finance exploration, development, and related corporate activities for New Pacific’s flagship Silver Sand project, Carangas Silver‑Gold project, and Silverstrike Silver‑Gold project in Bolivia.
• Access to Documentation: Prospectus Supplement available free of charge on SEDAR+; copies can be obtained from Raymond James Ltd.

Notable Quotes

(No executive quotes were included in the release.)