New Pacific Metals files new base shelf prospectus for future offerings

Published 03/10/2025, 22:14
New Pacific Metals files new base shelf prospectus for future offerings

VANCOUVER - New Pacific Metals Corp. (TSX:NUAG) (NYSE American:NEWP), a mining company with a market capitalization of $471 million that has seen its stock surge over 140% in the past six months, announced Friday it has filed a final short form base shelf prospectus with Canadian securities regulators and a corresponding shelf registration statement with the U.S. Securities and Exchange Commission.

The new filings replace the company’s prior base shelf prospectus that expired on September 16, 2025, and will provide flexibility for potential future financings over the next 25 months.

The prospectus enables New Pacific to make offerings of up to US$200 million in various securities, including common shares, preferred shares, debt securities, warrants, units, or subscription receipts, either separately or in combination.

Any specific terms of future offerings would be established in accompanying prospectus supplements based on market conditions at the time, according to the company’s press release statement.

New Pacific Metals is a Canadian exploration and development company with three precious metal projects in Bolivia. Its flagship Silver Sand project is under development, while the company also advances its Carangas silver-lead-zinc project and completed a discovery drill program at Silverstrike in 2022.

The company noted that the filings do not constitute an offer to sell or solicitation to buy securities, and any sales would be subject to registration or qualification under applicable securities laws.

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