#Canada #Vancouver #mining #Silver Sand #New Pacific

New Pacific Metals Files New Base Shelf Prospectus

Vancouver, BC - October 3, 2025
New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP), a leading exploration and development company, has taken a significant step forward by filing a new base shelf prospectus. This action, initiated to replace its previous prospectus that expired on September 16, 2025, is crucial for ensuring the company's ability to raise capital effectively in the future.

The New Prospectus and Registration Statement

The recently filed base shelf prospectus, along with a corresponding registration statement (Form F-10) with the United States Securities and Exchange Commission, is designed to provide New Pacific with enhanced flexibility and efficiency regarding future financing needs. The new prospectus will allow the company to offer potential investors a comprehensive selection of securities, including common shares, preferred shares, debt instruments, warrants, units, or subscription receipts — with the total offerings being capped at approximately $200 million.

This multi-year prospectus will remain valid for 25 months, during which time the Company may initiate several offerings contingent upon favorable market conditions. Each specific offering will be detailed in an accompanying prospectus supplement that will be filed with both Canadian and U.S. securities regulators. This structured approach enables New Pacific to adapt quickly to changing funding requirements and investor interests.

Why This Move Matters

The expiration of the previous base shelf prospectus, filed in August 2023, prompted New Pacific to act promptly to ensure no interruption in its financing capabilities. With uncertainties surrounding equity and commodity prices, having an active prospectus allows the company to position itself strategically in a competitive market.

New Pacific's flagship project, the Silver Sand project, has the potential to evolve into one of the largest silver mining operations globally. Coupled with the promising Carangas project, which is rich in silver, lead, and zinc, the company is well-poised for significant exploration and mining activities in the coming years. The recently completed discovery drill program at Silverstrike in 2022 also demonstrates the company’s ongoing commitment to developing its projects further.

Future Prospects

As New Pacific continues to build on its reputation as a strong player in the mining sector, the new prospectus could facilitate substantial growth opportunities. By keeping investment options open, the company can enhance its operational framework and maintain a competitive edge. Stakeholders will be kept informed and clients interested in the investment possibilities are encouraged to access the prospectus through the company’s profiles on SEDAR+ and EDGAR, or directly upon request.

However, the company makes it clear that this filing does not serve as an offer to sell nor a request for offers to buy securities, underscoring the importance of legal compliance and investor security in all transactions.

About New Pacific Metals

New Pacific is a Canadian exploration and development company committed to creating value through its projects in Bolivia. The company’s operational focus on the Silver Sand and Carangas projects underlines its strategic vision in the mining industry. As articulated by Interim CEO Jalen Yuan, New Pacific aims to not only explore these areas but also to responsibly advance in developing the regions' rich mineral resources.

For further inquiries or additional information, Peter Lekich, in Investor Relations, is available via phone at (604) 633-1368 Ext. 223 or via U.S. toll-free call at 1-877-631-0593.
Visit New Pacific's website for news and updates regarding the company's endeavors.