New Pacific Metals Corp. (TSX: NUAG; NYSE American: NEWP) announced today that it has entered into a bought‑deal equity offering with a syndicate of underwriters. The company will sell 9,900,000 common shares at C$3.55 per share, generating gross proceeds of approximately C$35.1 million (US$25.1 million). The offering includes an over‑allotment option for up to 1,485,000 additional shares, exercisable for 30 days after closing.
Silvercorp Metals Inc. has committed to purchase 2,776,950 shares, representing about C$9.86 million in gross proceeds. Upon completion, Silvercorp will own roughly 28.05% of New Pacific’s outstanding shares, assuming the over‑allotment is not exercised. The transaction is expected to close on or about October 21, 2025, pending regulatory approvals from the Toronto Stock Exchange and the NYSE American.
The net proceeds will be allocated to exploration and further development of the company’s Carangas and Silver Sand projects in Bolivia, as well as working capital and general corporate purposes. This financing strengthens New Pacific’s cash position while preserving its debt‑free balance sheet, providing the resources needed to advance its flagship assets without incurring new debt.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.