New Pacific Metals Announces Framework Agreement for Cooperation and Coordination with the Carangas Community

The most recent news (February 23, 2026) announces a definitive Framework Agreement with the Carangas community. This is a critical "social license" milestone that includes a village resettlement plan, infrastructure improvements, and community support initiatives. In exchange, the community has committed to supporting the permitting, construction, and production phases of the Carangas silver-gold project. This follows the February 11, 2025, financial update which noted a significant macro shift: the Bolivian government began transitioning to a market-oriented economic model in late 2025, pledging to modernize mining laws and protect foreign investment.

This news is Material - Positive for several reasons: - De-risking Social Conflict: In jurisdictions like Bolivia, community opposition is often the primary cause of project failure. A formal agreement on resettlement removes a massive hurdle for the upcoming Feasibility Study. - Operational Momentum: The company is moving from "patience and persistence" (2025 strategy) to active development, with a 30,000-meter drilling campaign planned for 2026. - Political Tailwinds: The shift in the Bolivian administration’s stance toward "legal certainty" and "reducing bureaucracy" directly addresses the "Bolivia Risk" discount that has historically suppressed the stock's valuation. - Alignment with Projections: The agreement is exactly what management signaled was necessary in the December 2025 progress report, showing disciplined execution of their 2026 work plan.

New Pacific Metals is focused on silver development in Bolivia. - Flagship Project: Silver Sand (PFS Stage). Post-tax NPV(5%) of $740M and 12 Moz/year average production. - Secondary Project: Carangas (PEA Stage). Post-tax NPV(5%) of $501M. - Combined Potential: The company aims to produce ~18.6 Moz of silver annually, which would position it as a top-tier global silver producer.