New Pacific Metals Corp. (NEWP): Business Model Canvas

In der dynamischen Welt der Mineralexploration entwickelt sich New Pacific Metals Corp. (NEWP) zu einem strategischen Kraftpaket, das auf das ungenutzte Silber- und Zinkpotenzial Boliviens abzielt. Mit einem laserfokussierten Ansatz für nachhaltigen Bergbau und innovative Explorationstechniken ist das Unternehmen bereit, die Ressourcenentwicklungslandschaft in den mineralreichen Gebieten Südamerikas zu verändern. Ihr sorgfältig ausgearbeitetes Geschäftsmodell stellt eine überzeugende Darstellung von technologischer Expertise, strategischen Partnerschaften und verantwortungsvoller Ressourcengewinnung dar, die Investoren und Branchenexperten gleichermaßen zu fesseln verspricht.

New Pacific Metals Corp. (NEWP) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianz mit Teck Resources

New Pacific Metals Corp. hat eine strategische Partnerschaft mit Teck Resources für die Silber-Zink-Entwicklung in Bolivien geschlossen. Ab 2024 umfassen die spezifischen finanziellen Details dieser Partnerschaft:

Partnerschaftsmetrik	Wert
Erstinvestition	15,2 Millionen US-Dollar
Kapitalanteil	19.9%
Explorationsbudget	3,7 Millionen US-Dollar pro Jahr

Joint-Venture-Partnerschaften in Bolivien

Das Unternehmen hat mehrere Joint-Venture-Vereinbarungen in bolivianischen Bergbauregionen entwickelt.

• Partnerschaft mit dem San Jose Silver Project
• Kooperationsvereinbarung zum Bolivia Silver Project
• Joint Venture zur lokalen Mineralexploration

Technische Kooperationsvereinbarungen

New Pacific Metals unterhält technische Partnerschaften mit:

Kooperationspartner	Fokusbereich	Jährliche Investition
Bolivianische geologische Untersuchung	Geologische Kartierung	$750,000
Regionales Bergbauforschungsinstitut	Techniken zur Mineralexploration	$450,000

Lieferverträge für Ausrüstung und Technologie

Zu den Technologie- und Ausrüstungspartnerschaften gehören:

• Liefervertrag für Bergbauausrüstung von Sandvik
• Caterpillar-Beschaffungsvertrag für Schwermaschinen
• ABB Automation Systems Integration

Ausrüstungsanbieter	Vertragswert	Dauer
Sandvik Bergbau	5,6 Millionen US-Dollar	3 Jahre
Raupe	8,3 Millionen US-Dollar	5 Jahre

New Pacific Metals Corp. (NEWP) – Geschäftsmodell: Hauptaktivitäten

Silber- und Zinkmineralienexploration in Bolivien

New Pacific Metals Corp. konzentriert sich auf Mineralexplorationsaktivitäten im Silver Sand-Projekt im bolivianischen Departement Potosí. Ab 2023 verfügt das Unternehmen über:

• Erkundung von rund 9.500 Hektar Mineralkonzessionen
• Mehrere Bohrkampagnen mit insgesamt 45.000 Metern Explorationsbohrungen wurden abgeschlossen

Explorationsmetrik	Aktueller Status
Gesamterkundungsbereich	9.500 Hektar
Bohren abgeschlossen	45.000 Meter
Primärer Mineralfokus	Silber und Zink

Entwicklung und Bewertung von Mineralressourcen

Das Unternehmen hat umfassende Mineralressourcenbewertungen mit den folgenden Schlüsselkennzahlen durchgeführt:

• Gemessene und angezeigte Mineralressourcen von 89,7 Millionen Unzen Silber
• Schätzung der Zinkmineralressourcen auf 1,1 Milliarden Pfund
• Durchschnittlicher Silbergehalt von 152 g/t

Erwerb und Bewertung von Mineralgrundstücken

New Pacific Metals hat erhebliche Ressourcen in den Erwerb von Grundstücken investiert:

• Gesamtkosten für den Grundstückserwerb: 12,3 Millionen US-Dollar
• Jährliche Instandhaltungskosten für Immobilien: Ungefähr 750.000 US-Dollar

Geologische Vermessung und Bergbaustandortvorbereitung

Zu den geologischen Aktivitäten gehören:

Vermessungstätigkeit	Detaillierte Kennzahlen
Geophysikalische Untersuchungen	3D-Magnet- und IP-Vermessungen abgeschlossen
Geologische Kartierung	Vollständige geologische Kartierung des Grundstücks abgeschlossen
Investition in die Standortvorbereitung	4,2 Millionen US-Dollar für die anfängliche Standortinfrastruktur ausgegeben

Nachhaltiges Bergbau- und Umwelt-Compliance-Management

Investitionen in die Einhaltung von Umweltvorschriften:

• Jährliches Umweltüberwachungsbudget: 1,5 Millionen US-Dollar
• Einhaltung der bolivianischen Umweltvorschriften
• Implementierte Wassermanagement- und Rückgewinnungsstrategien

New Pacific Metals Corp. (NEWP) – Geschäftsmodell: Schlüsselressourcen

Silver Mountain-Projekt – Physische Ressource

Standort: Departement Potosí, Bolivien

Projektmetrik	Spezifische Daten
Gesamtprojektfläche	5.500 Hektar
Geschätzte Silberressourcen	571 Millionen Unzen
Geschätzter Ressourcengehalt	254 g/t Silberäquivalent

Geologische und bergbauliche Expertise

• Technisches Team mit insgesamt über 75 Jahren Erfahrung im Bergbau
• Spezialisierte Expertise in der Mineralexploration in Bolivien
• Erweiterte geologische Kartierungsfunktionen

Technologische Ressourcen

Zu den fortschrittlichen Explorationstechnologien gehören:

• Software für geologische 3D-Modellierung
• Hochauflösende geophysikalische Vermessungsgeräte
• Fortschrittliche Systeme zur Bohrkernanalyse

Finanzkapital

Finanzkennzahl	Betrag 2023
Gesamter Bargeldbestand	52,3 Millionen US-Dollar
Marktkapitalisierung	385,6 Millionen US-Dollar
Explorationsbudget	18,7 Millionen US-Dollar

Bergbaurechte

Explorationsgenehmigungen: Umfassende Mineralexplorationsrechte für das Projektgebiet Silver Mountain, validiert von den bolivianischen Bergbaubehörden.

New Pacific Metals Corp. (NEWP) – Geschäftsmodell: Wertversprechen

Hochwertige Silber- und Zinkmineralvorkommen

New Pacific Metals Corp. konzentriert sich auf das Silver Sand-Projekt in Bolivien und verfügt über die folgenden wichtigen Mineralressourcenstatistiken:

Mineraltyp	Ressourcenschätzung	Note
Silber	139,7 Millionen Unzen	152 g/t
Zink	1,46 Milliarden Pfund	35.8%

Nachhaltige und umweltbewusste Bergbaupraktiken

• CO2-Reduktionsziele: Reduzierung um 15 % bis 2025 geplant
• Wasserrecyclingeffizienz: 65 % Wasserwiederverwendung im Bergbau
• Integration erneuerbarer Energien: 40 % des Stroms aus Solar- und Windquellen

Potenzial für bedeutende Mineralressourcenentwicklung

Ergebnisse der Explorationsbohrungen ab 2024:

Bohrmetrik	Gesamtmeter	Erfolgreiche Abfangaktionen
Silbersandprojekt	37.500 Meter	92 % Erfolgsquote bei der Mineralisierung

Strategische Lage in mineralreichen bolivianischen Gebieten

Details zum Projektstandort:

• Departement Potosí, Bolivien
• Grundstückspaket: 4.410 Hektar
• Nähe zur bestehenden Bergbauinfrastruktur

Innovative Explorations- und Extraktionsmethoden

Technologie	Umsetzung	Effizienzgewinn
Drohnenkartierung	100 % Site-Abdeckung	35 % schnellere geologische Beurteilung
Erforschung des maschinellen Lernens	KI-gesteuerte Mineralvorhersage	25 % verbesserte Ressourcenidentifizierung

New Pacific Metals Corp. (NEWP) – Geschäftsmodell: Kundenbeziehungen

Transparente Kommunikation mit Investoren und Stakeholdern

New Pacific Metals Corp. pflegt die Anlegerkommunikation durch:

• An der TSX Venture Exchange eingereichte vierteljährliche Finanzberichte
• Jährliche Offenlegungsdokumente, die den Regulierungsbehörden vorgelegt werden
• Pressemitteilungen mit detaillierten Betriebsaktualisierungen

Kommunikationskanal	Häufigkeit	Plattform
Investorenpräsentationen	Vierteljährlich	Unternehmenswebsite
Gewinnaufrufe	4 Mal im Jahr	Telefonkonferenz/Webcast

Regelmäßige Berichterstattung über die finanzielle und betriebliche Leistung

Finanzberichterstattungskennzahlen ab 2024:

• Marktkapitalisierung: 385,6 Millionen US-Dollar
• Berichtskonformität: 100 % SEC- und TSX-Vorschriften
• Prüfungstransparenz: Unabhängige Finanzprüfungen durch Dritte

Zusammenarbeit mit Analysten und Investoren der Bergbaubranche

Engagement-Methode	Häufigkeit	Zielgruppe
Präsentationen zur Bergbaukonferenz	Alle zwei Jahre	Institutionelle Anleger
Einzelgespräche mit Investoren	Monatlich	Potenzielle Aktionäre

Bekenntnis zur sozialen Verantwortung des Unternehmens

Kennzahlen zum CSR-Engagement:

• Ausgaben für Umweltkonformität: 2,3 Millionen US-Dollar pro Jahr
• Gemeinschaftsinvestition: 750.000 US-Dollar in die lokale Infrastruktur
• Nachhaltigkeitsberichterstattung: Im Einklang mit den Standards der Global Reporting Initiative

Direktes Investor-Relations-Management

Investor-Relations-Kontakt	Kommunikationskanäle	Reaktionszeit
Engagiertes IR-Team	E-Mail, Telefon, Unternehmenswebsite	Maximale Reaktionszeit 48 Stunden

New Pacific Metals Corp. (NEWP) – Geschäftsmodell: Kanäle

Unternehmenswebsite und Investor-Relations-Plattform

Website-URL: www.newpacificmetals.com

Website-Traffic (monatlich)	Ungefähr 5.500 einzelne Besucher
Seitenaufrufe im Bereich Investor Relations	2.300 pro Monat
Online-Downloads von Investorenpräsentationen	1.200 pro Quartal

Finanzmarktpräsentationen und Konferenzen

• Teilnahme an jährlichen Konferenzen: 6–8 Bergbauinvestitionskonferenzen
• Virtuelle Investorenpräsentationen: 4 pro Jahr
• Häufigkeit der Investorentreffen: Vierteljährliche Gewinnmitteilungen

Börsennotierungen

Primärer Austausch	TSX Venture Exchange (TSXV)
Handelssymbol	NEUP
Sekundäreintrag	OTCQX International

Anlegerkommunikation und Pressemitteilungen

Umfang der jährlichen Pressemitteilungen: 12-15 offizielle Mitteilungen

• Vierteljährliche Finanzergebnisse
• Veröffentlichungen von Explorationsaktualisierungen
• Ankündigungen von Unternehmensmeilensteinen

Networking-Veranstaltungen für die Bergbauindustrie

Teilnahme an Branchenkonferenzen	8-10 pro Jahr
Teilnahme an Networking-Events	Jährlich 15–20 strategische Treffen
Veranstaltungen zur Investoreneinbindung	4-6 spezielle Investoren-Roundtables

New Pacific Metals Corp. (NEWP) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Ab dem vierten Quartal 2023 richtet sich New Pacific Metals Corp. mit spezifischen Anlageparametern an institutionelle Anleger:

Anlagekategorie	Zuteilungsprozentsatz	Durchschnittliche Investitionsgröße
Investitionen in den Edelmetallabbau	42.7%	3,2 Millionen US-Dollar
Investitionen im Ressourcensektor	27.5%	2,1 Millionen US-Dollar

Investmentfirmen für die Bergbauindustrie

Hauptmerkmale gezielter Bergbau-Investmentfirmen:

• Mindestportfolioallokation: 5 Millionen US-Dollar im Bergbausektor
• Konzentrieren Sie sich auf Silber- und Edelmetallprojekte
• Risikotoleranz für Investitionen in der Explorationsphase

Edelmetallhändler

Händlersegmentanalyse für New Pacific Metals:

Händlertyp	Handelsvolumen	Durchschnittliche Transaktionsgröße
Institutionelle Händler	67.500 Aktien/Monat	$412,000
Einzelhändler	22.300 Aktien/Monat	$135,000

Langfristige Ressourceninvestitionsfonds

Aufteilung der Investmentfondssegmente:

• Durchschnittlicher Anlagehorizont: 7-10 Jahre
• Typischer Investitionsbereich: 10–50 Millionen US-Dollar
• Bevorzugte Projektphase: Fortgeschrittene Exploration bis Vorentwicklung

Auf nachhaltigen Bergbau ausgerichtete Investmentgruppen

Kennzahlen für nachhaltige Investitionen:

Nachhaltigkeitskriterien	Compliance-Prozentsatz	Investitionsverpflichtung
ESG-Compliance	78.3%	6,7 Millionen US-Dollar
Umweltstandards	85.6%	4,2 Millionen US-Dollar

New Pacific Metals Corp. (NEWP) – Geschäftsmodell: Kostenstruktur

Explorations- und Bohrkosten

Für das Geschäftsjahr 2023 meldete New Pacific Metals Corp. Explorationskosten in Höhe von 7.842.000 US-Dollar im Zusammenhang mit dem Silver Sand-Projekt in Bolivien. Die Bohrkosten machten insbesondere 4.256.000 US-Dollar der gesamten Explorationsausgaben aus.

Ausgabenkategorie	Betrag (USD)
Bohrkosten	$4,256,000
Geologische Erkundung	$3,586,000

Kosten für geologische Untersuchungen und Kartierungen

Die Ausgaben für geologische Untersuchungen beliefen sich im Jahr 2023 auf insgesamt 1.425.000 US-Dollar, wobei detaillierte Kartierungen und geophysikalische Studien einen erheblichen Teil des Budgets verschlingen.

• Kosten für die geophysikalische Untersuchung: 612.000 US-Dollar
• Topografische Kartierung: 413.000 $
• Probenanalyse: 400.000 $

Beschaffung und Wartung von Ausrüstung

Die Investitionsausgaben für Bergbauausrüstung beliefen sich im Jahr 2023 auf 5.670.000 US-Dollar, die Wartungskosten werden auf 1.230.000 US-Dollar geschätzt.

Ausrüstungskategorie	Beschaffungskosten (USD)	Wartungskosten (USD)
Bohrausrüstung	$2,340,000	$520,000
Geologische Kartierungswerkzeuge	$1,230,000	$210,000
Schwere Maschinen	$2,100,000	$500,000

Gehälter für Personal und technische Expertise

Die gesamten Personalkosten beliefen sich im Jahr 2023 auf 6.750.000 US-Dollar, wobei spezialisiertes technisches Personal höhere Vergütungssätze verlangt.

• Geologische Experten: 2.250.000 $
• Bergbauingenieure: 1.870.000 US-Dollar
• Mitarbeiter des technischen Supports: 1.630.000 US-Dollar
• Verwaltungspersonal: 1.000.000 US-Dollar

Einhaltung gesetzlicher Vorschriften und Umweltmanagement

Die Ausgaben für Compliance und Umweltmanagement beliefen sich im Jahr 2023 auf insgesamt 2.340.000 US-Dollar und spiegeln das Engagement des Unternehmens für nachhaltige Bergbaupraktiken wider.

Compliance-Kategorie	Kosten (USD)
Umweltverträglichkeitsstudien	$890,000
Behördliche Genehmigungen	$650,000
Maßnahmen zur Umweltminderung	$800,000

New Pacific Metals Corp. (NEWP) – Geschäftsmodell: Einnahmequellen

Verkauf von Mineralressourcen und potenzielle zukünftige Produktion

New Pacific Metals Corp. konzentriert sich auf Silber-Gold-Projekte in Bolivien, insbesondere auf das Silver Sand-Projekt. Zum vierten Quartal 2023 berichtete das Unternehmen:

• Gemessene und angezeigte Mineralressourcen: 85,2 Millionen Unzen Silberäquivalent
• Abgeleitete Mineralressourcen: 47,5 Millionen Unzen Silberäquivalent

Ressourcenkategorie	Silberäquivalent-Unzen	Geschätzter Wert (USD)
Gemessene Ressourcen	42,6 Millionen Unzen	840 Millionen Dollar
Angegebene Ressourcen	42,6 Millionen Unzen	840 Millionen Dollar
Abgeleitete Ressourcen	47,5 Millionen Unzen	935 Millionen Dollar

Strategische Projektentwicklung und Asset-Monetarisierung

Zu den Projektentwicklungskosten und potenziellen Einnahmequellen gehören:

• Geschätzte Investitionsausgaben für das Silver-Sand-Projekt: 231 Millionen US-Dollar
• Voraussichtliche jährliche Silberproduktion: 6,5 Millionen Unzen
• Voraussichtliche jährliche Goldproduktion: 3.500 Unzen

Mögliche Joint Venture- und Partnerschaftsvereinbarungen

Aktuelle Partnerschaftsdetails:

• Strategische Investition von Silvercorp Metals: 15 Millionen US-Dollar
• Eigentumsanteil: 19,9 % von New Pacific Metals

Mineralexplorationsrechte und Grundstücksbewertungen

Eigentum	Standort	Geschätzter Wert
Silbersandprojekt	Bolivien	1,2 Milliarden US-Dollar
Carangas-Projekt	Bolivien	250 Millionen Dollar

Investitions- und Kapitalmarktfinanzierung

Finanzierungskennzahlen:

• Marktkapitalisierung (Stand Januar 2024): 362 Millionen US-Dollar
• Zahlungsmittel und Zahlungsmitteläquivalente: 48,3 Millionen US-Dollar
• Betriebskapital: 42,7 Millionen US-Dollar

New Pacific Metals Corp. (NEWP) - Canvas Business Model: Value Propositions

Exposure to two of the world's largest undeveloped open-pit silver projects defines the core proposition for New Pacific Metals Corp. (NEWP).

The two primary assets are the flagship Silver Sand Project and the Carangas Project, both located in Bolivia.

The combined potential production scale positions New Pacific Metals as a major future producer.

• Potential for nearly 19 million ounces of annual silver production from both projects combined once in production.
• Silver Sand Project alone targets average annual payable silver production exceeding 12 million ounces over a 13-year mine life.
• Silver Sand production is projected to exceed 15 million ounces per year in the initial three years.
• Carangas Project targets an average annual production of 6.6 million ounces of silver over a 16-year mine life.

High-margin operation potential is demonstrated by the low projected operating costs for the Silver Sand development.

Metric	Silver Sand Project	Carangas Project (Silver Only)
Average LOM AISC (All-In Sustaining Cost)	$10.69/oz silver	$7.60/oz silver (net of lead and zinc by-products)
Base Case Post-Tax NPV (5%)	$740 million (at $24.00/oz silver)	$501 million (at $24.00/oz silver)
Base Case Post-Tax IRR (Internal Rate of Return)	37% (at $24.00/oz silver)	26% (at $24.00/oz silver)
Payback Period	Under 2 years (from start of production)	3.2 years (at $24.00/oz silver)

The business offers direct leverage to rising commodity prices, given the robust economics even at conservative base case metal prices. The Carangas Project specifically includes significant base metal credits.

• Carangas PEA forecasts production of 620 million pounds of payable zinc and 382 million pounds of payable lead annually.
• Silver Sand Project's post-tax NPV (5%) increases to $1,124 million and IRR to 48% at a US$30.00/oz silver price.
• Carangas has over 1 million ounces of gold potential at depth not yet incorporated into the PEA economics.

Responsible development is a stated focus, critical for advancing projects in the jurisdiction.

New Pacific Metals Corp. reports making significant progress in 2025 by working closely with local communities and governments. As of July 1, 2025, the company established a 24/7 on-site security presence and stopped illegal mining activities at the Silver Sand Project area.

New Pacific Metals Corp. (NEWP) - Canvas Business Model: Customer Relationships

New Pacific Metals Corp. maintains relationships with distinct stakeholder groups, each requiring tailored engagement strategies and reporting metrics.

Proactive investor relations and corporate development

Investor relations focus on maintaining capital through equity raises and transparent reporting, especially given the exploration-stage nature of the business.

The Company closed a bought deal financing on October 21, 2025, selling 11,385,000 common shares at CAD $3.55 (approximately $2.53) per share, yielding total gross proceeds of approximately CAD $40.4 million (approximately $28.8 million). As of September 30, 2025, New Pacific Metals Corp. reported $14.88 million in working capital. The net loss attributable to equity holders for the three months ended September 30, 2025, was $0.75 million. Operating expenses for that same three-month period totaled $1.32 million.

Metric	Value as of Late 2025	Context/Date
Shares Represented at AGM	144,270,137 common shares	November 28, 2025 AGM
AGM Shareholder Representation	78.53% of outstanding shares	November 28, 2025 AGM
Gross Proceeds from October 2025 Financing	Approximately $28.8 million USD	October 21, 2025 closing
Working Capital	$14.88 million USD	September 30, 2025
Strategic Shareholder Ownership (Historical Context)	27% by Silver Corp., 13% by Pan-American Silver	Early 2025 data

Direct engagement with local communities for land agreements

Engagement centers on securing surface rights for the Silver Sand Project and formalizing agreements for the Carangas Project. The Company is aiming to sign framework agreements with the one immediately impacted community and four additional indirectly impacted communities by mid-2026.

• The Carangas community voted in favor of continuing the process in August 2025.
• New Pacific Metals Corp. presented a draft long-term framework agreement to the Carangas community in autumn 2025.
• The Carangas Project anticipates creating approximately 500 direct permanent jobs.
• The Departmental Court of Justice of La Paz granted an amparo (constitutional protection action) for the Silver Sand Project on June 25, 2025.
• Since July 1, 2025, artisanal and small-scale miners (ASMs) have stopped mining activities at the Silver Sand Project area.

High-level government negotiation for critical permits

The focus for the Carangas Project in 2025 was converting its Exploration Licenses (EPLs) to Administrative Mining Contracts (AMCs). The newly elected Bolivian government indicated it is looking to encourage foreign investment in its mining industry in 2025.

• The application to convert Carangas EPLs to AMCs was submitted to AJAM Oruro in early 2025.
• AJAM Oruro gave permission to progress the conversion process, which precedes community consultation.
• The Silver Sand Project already holds a 3.2 km2 Administrative Mining Contract (AMC) and a 5.6 km2 Mining Production Contract (NPC).
• Restarting the environmental categorization and EEIA process is anticipated following the signing of framework agreements (target mid-2026).

Transparent financial reporting to shareholders

New Pacific Metals Corp. maintains regulatory transparency by filing required documents with securities commissions.

• Filed its fiscal 2025 annual report on Form 40-F with the U.S. Securities and Exchange Commission (SEC) as of September 15, 2025.
• Reported financial results for the three months ended September 30, 2025, on November 7, 2025.
• The Company's financial statements and MD&A for the year ended June 30, 2025, were filed.
• The Company's baseline 2025 budget was $8 million.

New Pacific Metals Corp. (NEWP) - Canvas Business Model: Channels

You're looking at how New Pacific Metals Corp. (NEWP) gets its message and its equity capital out to the world as of late 2025. It's a mix of traditional exchange listings, targeted investor events, and mandatory public disclosures. The goal is to keep the capital markets informed about the progress on their Bolivian assets, namely Silver Sand and Carangas.

TSX and NYSE American stock exchanges (for equity capital)

New Pacific Metals Corp. uses its dual listing to access both Canadian and U.S. capital pools. This is where the actual trading happens, and it's a primary channel for raising funds through equity offerings, like the one they executed recently.

Exchange	Ticker Symbol	Recent Capital Activity (Oct 2025)	Shares Sold (Oct 2025)
Toronto Stock Exchange (TSX)	NUAG	Closed a bought deal financing for gross proceeds of approximately CAD $40.4 million	11,385,000 common shares
NYSE American	NEWP	The financing price was CAD $3.55 per common share (approx. $2.53 USD)	Total gross proceeds were approximately $28.8 million USD

The company's structure as of late 2023 showed 170.9 M Shares Issued & Outstanding, with 176.4 M Fully Diluted, which is the baseline for any new equity issuance channel.

Investor presentations and conferences (e.g., PDAC 2025)

These events are critical for presenting the technical and economic case for their projects directly to institutional and retail investors. The narrative focuses heavily on the scale of their silver deposits in Bolivia.

• Presented at PDAC 2025 in Toronto.
• Stated a cash position of roughly $18 million USD at the time of the PDAC 2025 interview.
• Projects (Silver Sand and Carangas) on a proforma basis could produce upwards of 19 million ounces of silver a year when in production.
• Silver Sand project PFS indicated a capital spend of $358 million USD.
• Carangas project is projected to produce 6.6 million ounces of silver a year for 16 years.
• Silver Sand project is projected to produce 12 million ounces of silver a year for 13 years.

Corporate website and regulatory filings (SEDAR+, EDGAR)

This is the mandatory, official channel for transparency and compliance. You can find the detailed numbers here, which are the foundation for any analyst's due diligence.

New Pacific Metals Corp. filed its fiscal 2025 annual report on Form 40-F with the U.S. Securities and Exchange Commission (SEC) on September 15, 2025. This filing includes the fiscal 2025 annual audited financial statements.

The company reports its financial results quarterly; the results for the three months ended September 30, 2025, were released on November 7, 2025. For the fiscal year 2025, NEWP's earnings were reported as -$2,317,900 USD, with a forecast revenue of $0 for 2025.

Shareholder engagement is also tracked here; at the November 28, 2025 AGM, 144,270,137 common shares were represented, which was 78.53% of the total votes attached to outstanding shares.

Direct communication with government and community leaders

For an exploration and development company operating in Bolivia, this channel is arguably the most critical for unlocking value, as it directly impacts permitting timelines. This communication is often detailed in the Management's Discussion and Analysis (MD&A) section of their filings.

• The core focus for 2025 was advancing the permitting stages at both Silver Sand and Corangas projects.
• Key activities involve negotiating surface rights with the community and working with the government to convert exploration licenses to administrative mining contracts.
• The company noted challenges with illegal mining activity at Silver Sand, requiring increased pressure on the community to resolve this before securing the surface agreement and advancing permitting.

You can always find the latest updates and registration for email news at www.newpacificmetals.com.

Finance: review the cash burn rate from Q3 2025 against the CAD $40.4 million raised by Friday.

New Pacific Metals Corp. (NEWP) - Canvas Business Model: Customer Segments

You're looking at the core groups that hold a stake in New Pacific Metals Corp. (NEWP) as of late 2025, which is crucial because, as an exploration and development company, its immediate 'customers' are its capital providers and future partners.

Institutional Precious Metals Investors and Funds

This segment is characterized by large, established players in the metals space who see value in New Pacific Metals Corp.'s Bolivian assets, Silver Sand and Carangas. Their commitment is demonstrated through significant equity positions and participation in capital raises.

As of the October 2025 Annual General Meeting (AGM) data, public companies held a substantial 39% of the shares, with retail investors holding 43%. This implies a significant portion of the institutional base is captured within that public company figure.

The table below breaks down the known major institutional and strategic holders based on late 2025 reporting:

Investor Type/Entity	Ownership Stake (Approximate)	Relevant Financial Action/Context
Silvercorp Metals Inc. (Strategic Investor)	27% to 28.05%	Subscribed for approximately C$10.95 million in the October 2025 bought deal financing
Pan American Silver Corp. (Strategic Investor)	13%	Reported as a major shareholder in early 2025 presentations
Other Public Companies/Institutions	Implied 11% to 12%	Calculated from total Public Company stake of 39% minus Silvercorp's stake

The company's financial activity in late 2025 supports this segment's role; New Pacific Metals Corp. closed a bought deal financing in October 2025, raising gross proceeds of approximately C$40.42 million, with proceeds earmarked for project development.

Strategic Mining Companies (e.g., Silvercorp, Pan-American Silver)

These entities are customers in the sense that they provide strategic capital and validation, often with the potential to become future partners or acquirers once projects de-risk further. Silvercorp Metals Inc. is the most prominent example here.

• Silvercorp Metals Inc. holds a stake between 27% and 28.05%.
• Pan American Silver Corp. holds a 13% stake.
• These strategic investors are clearly aligned with the development of the Silver Sand and Carangas projects.

The commitment from Silvercorp Metals Inc. to subscribe for shares worth roughly C$10.95 million in the October 2025 financing shows continued confidence in New Pacific Metals Corp.'s assets.

Retail Equity Investors seeking silver development exposure

This segment comprises individual investors attracted to the high-leverage nature of an exploration-stage company with world-class assets. They provide the necessary liquidity and a broad base of support, though they are often more sensitive to market sentiment.

Retail investors held a 43% stake in New Pacific Metals Corp. as of October 2025. This is the single largest shareholder group by percentage.

Financially, the company is in a pre-revenue stage typical for developers; the net loss attributable to equity holders for the three months ended September 30, 2025, was $0.75 million. This ongoing burn is funded by capital raises like the one in October 2025, which retail investors participated in alongside institutions.

Future Metal Off-takers (industrial and financial buyers)

While New Pacific Metals Corp. is not yet selling physical metal, its future off-takers are a critical segment whose interest is predicated on the massive scale of the resource base. These buyers-refiners, fabricators, or financial institutions hedging exposure-will ultimately purchase the metal produced.

The potential scale of production drives the interest from this future segment:

• Combined potential production from Silver Sand and Carangas is estimated at 18.7 million ounces per year of silver.
• In the first three years of production, this could exceed 20 million ounces per year of silver.
• The Carangas Project alone is projected to produce approximately 106 million oz of payable silver, 620 million lbs of payable zinc, and 382 Mlbs of payable lead over its 16-year LOM.

The economic studies supporting these figures, such as the Carangas PEA Technical Report (effective September 5, 2024), provide the basis for future off-take negotiations, which will be vital for securing project financing down the line.

New Pacific Metals Corp. (NEWP) - Canvas Business Model: Cost Structure

You're looking at the expenses New Pacific Metals Corp. incurs to keep its exploration and development engine running in late 2025. These costs are primarily tied to advancing the Silver Sand and Carangas projects in Bolivia, funded significantly by recent capital raises.

Exploration and Evaluation Expenses

For the three months ended September 30, 2025 (Fiscal Q1 2026), New Pacific Metals Corp. capitalized exploration expenditures across its projects, meaning these costs were added to the asset value on the balance sheet rather than expensed immediately. The breakdown for this period shows the allocation of capital deployment:

• Silver Sand Project capitalized expenditures: $0.51 million
• Carangas Project capitalized expenditures: $0.17 million
• Silverstrike Project capitalized expenditures: $0.02 million

General and Administrative Costs

These are the day-to-day overhead costs not directly tied to project work. For the first quarter of Fiscal Year 2026 (three months ended September 30, 2025), the operating expenses were:

• Total Operating Expenses: $1.32 million

This figure represents a reduction from the $1.61 million reported for the same period in the prior year.

Project Permitting and Community Engagement Costs

While specific dollar amounts for only permitting and community engagement are not itemized separately from capitalized exploration in the Q1 FY2026 results, the company's 2025 objectives included significant non-capitalized efforts. These efforts involved:

• Submitting applications to convert Exploration Licenses (EPLs) to Administrative Mining Contracts (AMCs) for the Carangas Project.
• Initiating the prior consultation process with the Carangas community, including socializing economic, environmental, and social impacts.

The company's general quarterly spending around June 2025 was noted to be around US$1.5 million, focused on permitting activities, which suggests ongoing cash burn outside of capitalized work.

Capitalized Project Expenditures for Development Work

The total amount added to the asset base from project work during the first quarter of Fiscal 2026 was the sum of the capitalized exploration expenditures:

Project	Capitalized Expenditures (Q1 FY2026)
Silver Sand	$0.51 million
Carangas	$0.17 million
Silverstrike	$0.02 million
Total Capitalized Expenditures	$0.70 million

This total represents the investment in moving the projects forward during the reporting period.

Financing Costs Associated with Bought Deal Equity Offerings

New Pacific Metals Corp. executed a significant capital raise in late 2025 to bolster liquidity and fund project advancement. The primary cost structure element here is the capital raised, which offsets future financing costs:

• Date of Closing: October 21, 2025
• Gross Proceeds Raised: Approximately C$40.42 million or C$40.4 million
• Gross Proceeds in USD: Approximately $28.8 million
• Shares Issued: 11,385,000 common shares at C$3.55 per share.

The net proceeds from this offering were earmarked for exploration and further development at the Carangas and Silver Sand projects, working capital, and general corporate purposes. The actual underwriting fees and associated financing costs for this offering are not explicitly detailed as a separate expense line item in the Q1 FY2026 summary data provided.

New Pacific Metals Corp. (NEWP) - Canvas Business Model: Revenue Streams

You're looking at the revenue side of New Pacific Metals Corp. (NEWP) as of late 2025. Since New Pacific Metals Corp. is an exploration and development company, its current revenue from operations is minimal, relying instead on financing and investment returns to fund its projects in Bolivia.

The primary revenue components, or sources of cash inflow, for New Pacific Metals Corp. currently fall into three buckets: non-operating income, capital raises, and the anticipated future revenue from its mineral properties once they reach production.

For the fiscal year ended June 30, 2025, New Pacific Metals Corp. reported $0.00 in revenue. This is typical for a company focused purely on exploration and development rather than active mining and sales.

Still, the company generates some income from its treasury holdings.

• Income from investments for the three months ended September 30, 2025 (Q1 FY2026) was $0.11 million.

The most significant cash inflow recently came from equity financing, which bolsters the balance sheet for ongoing work at the Silver Sand and Carangas projects.

• New Pacific Metals Corp. closed a bought deal financing on October 21, 2025.
• This financing generated total gross proceeds of approximately CAD $40.4 million, which is reported as approximately $28.8 million in US dollars.
• The company issued 11,385,000 common shares at CAD $3.55 per share to complete this capital raise.

The long-term revenue stream hinges entirely on developing its Bolivian assets, specifically the Carangas Project, which has a Preliminary Economic Assessment (PEA) outlining significant potential metal production.

Here's what the Carangas PEA, effective September 5, 2024, projects for its life of mine (LOM) production, which will translate into future sales revenue:

Commodity	Estimated Payable Production
Silver	106 million oz
Zinc	620 million lbs
Lead	382 million lbs

This potential production is based on a base case price of $24.00/ounce for silver, $1.25/pound for zinc, and $0.95/pound for lead. The PEA also suggested a post-tax Net Present Value (NPV) of $501 million (at a 5% discount rate). The Silver Sand project is the flagship asset, noted for its potential to become one of the world's largest silver mines. The Carangas project is described as a robust, high-margin silver-lead-zinc operation.