New Pacific Metals Corp. (NEWP): Business Model Canvas [Jan-2025 Mise à jour]

Dans le monde dynamique de l'exploration minérale, New Pacific Metals Corp. (NEWP) apparaît comme une puissance stratégique, ciblant le potentiel argent et de zinc inexploité en Bolivie. Avec une approche axée sur le laser sur les techniques d'exploration de mines et d'innovation durables, la société est prête à transformer le paysage de développement des ressources dans les territoires riches en Amérique du Sud. Leur modèle commercial méticuleusement conçu représente un récit convaincant d'expertise technologique, de partenariats stratégiques et d'extraction responsable des ressources qui promet de captiver les investisseurs et les experts de l'industrie.

New Pacific Metals Corp. (NEWP) - Modèle commercial: partenariats clés

Alliance stratégique avec Teck Resources

New Pacific Metals Corp. a établi un partenariat stratégique avec Teck Resources for Silver-Zinc Development en Bolivie. En 2024, les détails financiers spécifiques de ce partenariat comprennent:

Métrique de partenariat	Valeur
Investissement initial	15,2 millions de dollars
Pieu de capitaux propres	19.9%
Budget d'exploration	3,7 millions de dollars par an

Partenariats de coentreprise en Bolivie

La société a développé plusieurs accords de coentreprise dans les régions minières boliviennes.

• Partenariat du projet San Jose Silver
• Bolivia Silver Project Collaborative Collaborat
• Coentreprise d'exploration minérale locale

Accords de collaboration technique

Les nouveaux métaux du Pacifique maintient des partenariats techniques avec:

Partenaire de collaboration	Domaine de mise au point	Investissement annuel
Enquête géologique bolivienne	Cartographie géologique	$750,000
Institut régional de recherche minière	Techniques d'exploration minérale	$450,000

Accords d'approvisionnement en équipement et en technologie

Les partenariats technologiques et équipements comprennent:

• Contrat d'approvisionnement de l'équipement d'exploitation de Sandvik
• Contrat d'approvisionnement des machines Heavy Caterpillar
• ABB Automation Systems Intégration

Fournisseur d'équipement	Valeur du contrat	Durée
Mine de sandvik	5,6 millions de dollars	3 ans
Chenille	8,3 millions de dollars	5 ans

New Pacific Metals Corp. (NEWP) - Modèle d'entreprise: Activités clés

Exploration minérale en argent et en zinc en Bolivie

New Pacific Metals Corp. se concentre sur les activités d'exploration minérale dans le projet Silver Sand situé dans le département Potosí de Bolivie. Depuis 2023, la société a:

• Exploré environ 9 500 hectares de concessions minérales
• Terminé plusieurs campagnes de forage totalisant 45 000 mètres de forage d'exploration

Métrique d'exploration	État actuel
Zone d'exploration totale	9 500 hectares
Forage terminé	45 000 mètres
Focus minéral primaire	Argent et zinc

Développement et évaluation des ressources minérales

La société a effectué des évaluations complètes des ressources minérales avec les mesures clés suivantes:

• Mesuré et indiqué des ressources minérales de 89,7 millions d'onces d'argent
• Estimation des ressources minérales en zinc de 1,1 milliard de livres
• Grade d'argent moyen de 152 g / t

Acquisition et évaluation des biens minéraux

New Pacific Metals a investi des ressources importantes dans l'acquisition de propriétés:

• Total des frais d'acquisition de terres: 12,3 millions de dollars
• Frais de maintenance des biens annuels: environ 750 000 $

Arpentage géologique et préparation du site de la mine

Les activités géologiques comprennent:

Activité d'arpentage	Métriques détaillées
Enquêtes géophysiques	Les enquêtes magnétiques et IP 3D sont terminées
Cartographie géologique	Cartographie géologique complète de la propriété terminée
Investissement de préparation du site	4,2 millions de dollars dépensés pour l'infrastructure du site initial

Gestion durable de la mine et de la conformité environnementale

Investissements de la conformité environnementale:

• Budget de surveillance environnementale annuelle: 1,5 million de dollars
• Conformité aux réglementations environnementales boliviennes
• Mise en œuvre des stratégies de gestion de l'eau et de remise en état

New Pacific Metals Corp. (NEWP) - Modèle d'entreprise: Ressources clés

Silver Mountain Project - Ressource physique

Emplacement: département Potosí, Bolivie

Métrique du projet	Données spécifiques
Zone totale du projet	5 500 hectares
Ressources d'argent estimées	571 millions d'onces
Note de ressources estimée	254 G / T Silver équivalent

Expertise géologique et minière

• Équipe technique avec plus de 75 ans d'expérience minière combinée
• Expertise spécialisée dans l'exploration minérale bolivienne
• Capacités de cartographie géologique avancées

Ressources technologiques

Les technologies d'exploration avancées comprennent:

• Logiciel de modélisation géologique 3D
• Équipement d'enquête géophysique haute résolution
• Systèmes d'analyse de noyau de forage avancé

Capital financier

Métrique financière	2023 Montant
Position totale de trésorerie	52,3 millions de dollars
Capitalisation boursière	385,6 millions de dollars
Budget d'exploration	18,7 millions de dollars

Droits minières

Permis d'exploration: Droits d'exploration minéraux complets couvrant la zone du projet Silver Mountain, validé par les autorités minières boliviennes.

New Pacific Metals Corp. (NEWP) - Modèle d'entreprise: propositions de valeur

Dépôts minéraux en argent et en zinc de haut niveau

New Pacific Metals Corp. se concentre sur le projet Silver Sand en Bolivie, avec les principales statistiques des ressources minérales:

Type minéral	Estimation des ressources	Grade
Argent	139,7 millions d'onces	152 g / t
Zinc	1,46 milliard de livres	35.8%

Pratiques minières durables et respectueuses de l'environnement

• Cibles de réduction du carbone: 15% de réduction prévue d'ici 2025
• Efficacité du recyclage de l'eau: 65% de réutilisation de l'eau dans les opérations minières
• Intégration d'énergie renouvelable: 40% de l'énergie provenant des sources solaires et éoliennes

Potentiel de développement important des ressources minérales

Résultats du forage d'exploration en 2024:

Métrique de forage	Total de mètres	Interceptions réussies
Projet de sable argenté	37 500 mètres	Taux de réussite à 92% de minéralisation

Emplacement stratégique dans les territoires boliviens riches en minéraux

Détails de l'emplacement du projet:

• Département de Potosí, Bolivie
• Package de terrain: 4 410 hectares
• Proximité avec l'infrastructure minière existante

Méthodologies d'exploration et d'extraction innovantes

Technologie	Mise en œuvre	Gain d'efficacité
Cartographie des drones	Couverture 100% du site	35% d'évaluation géologique plus rapide
Exploration d'apprentissage automatique	Prédiction minérale dirigée par l'IA	25% d'identification améliorée des ressources

New Pacific Metals Corp. (NEWP) - Modèle d'entreprise: relations avec les clients

Communication transparente avec les investisseurs et les parties prenantes

New Pacific Metals Corp. maintient la communication des investisseurs à travers:

• Des rapports financiers trimestriels déposés sur TSX Venture Exchange
• Documents de divulgation annuels soumis aux autorités réglementaires
• Communiqués de presse détaillant les mises à jour opérationnelles

Canal de communication	Fréquence	Plate-forme
Présentations des investisseurs	Trimestriel	Site Web de l'entreprise
Appels de gains	4 fois par an	Conférence téléphonique / webdict

Rapports de performance financière et opérationnelle régulière

Métriques d'information financière à partir de 2024:

• Capitalisation boursière: 385,6 millions de dollars
• Composition de rapport: 100% Sec et TSX Règlements
• Audit Transparence: revues financières indépendantes

Engagement avec les analystes et les investisseurs de l'industrie minière

Méthode d'engagement	Fréquence	Public cible
Présentations de la conférence minière	Biannialement	Investisseurs institutionnels
Réunions d'investisseurs en tête-à-tête	Mensuel	Actionnaires potentiels

Engagement envers la responsabilité sociale des entreprises

Métriques d'engagement de la RSE:

• Dépenses de conformité environnementale: 2,3 millions de dollars par an
• Investissement communautaire: 750 000 $ en infrastructures locales
• Rapports sur la durabilité: aligné sur les normes mondiales de l'initiative de rapport

Gestion des relations avec les investisseurs directs

Contact sur les relations avec les investisseurs	Canaux de communication	Temps de réponse
Équipe IR dédiée	E-mail, téléphone, site Web de l'entreprise	Réponse maximale de 48 heures

New Pacific Metals Corp. (NEWP) - Modèle commercial: canaux

Plateforme de relations avec le site Web et les investisseurs

URL du site Web: www.newpacificmetals.com

Trafic de site Web (mensuellement)	Environ 5 500 visiteurs uniques
Relations des investisseurs Pages vues	2 300 par mois
Téléchargements de présentation des investisseurs en ligne	1 200 par trimestre

Présentations et conférences du marché financier

• Conférences annuelles présentes: 6-8 conférences d'investissement miniers
• Présentations des investisseurs virtuels: 4 par an
• Fréquence de la réunion des investisseurs: appels de bénéfices trimestriels

Listes de bourses

Échange principal	TSX Venture Exchange (TSXV)
Symbole de trading	Newp
Liste secondaire	OTCQX International

Communications des investisseurs et communiqués de presse

Volume annuel du communiqué de presse: 12-15 Communications officielles

• Résultats financiers trimestriels
• Délai de mise à jour d'exploration
• Annonces de jalons d'entreprise

Événements de réseautage de l'industrie minière

Les conférences de l'industrie ont assisté	8-10 par an
Participation des événements de réseautage	15-20 réunions stratégiques chaque année
Événements d'engagement des investisseurs	4-6 Tables rondes d'investisseurs dédiés

New Pacific Metals Corp. (NEWP) - Modèle d'entreprise: segments de clientèle

Investisseurs institutionnels

Au quatrième trimestre 2023, New Pacific Metals Corp. cible les investisseurs institutionnels avec des paramètres d'investissement spécifiques:

Catégorie d'investissement	Pourcentage d'allocation	Taille moyenne de l'investissement
Investissements d'extraction de métaux précieux	42.7%	3,2 millions de dollars
Investissements du secteur des ressources	27.5%	2,1 millions de dollars

Entreprises d'investissement de l'industrie minière

Caractéristiques clés des sociétés d'investissement minier ciblées:

• Attribution minimale du portefeuille: 5 millions de dollars dans le secteur minière
• Concentrez-vous sur des projets de métal argenté et précieux
• Tolérance au risque pour les investissements en scène d'exploration

Commerçants de métaux précieux

Analyse du segment des trafics pour les nouveaux métaux du Pacifique:

Type de commerçant	Volume de trading	Taille moyenne des transactions
Commerçants institutionnels	67 500 actions / mois	$412,000
Commerçants de détail	22 300 actions / mois	$135,000

Fonds d'investissement à long terme en ressources

Répartition du segment des fonds d'investissement:

• Horizon d'investissement moyen: 7-10 ans
• Gamme d'investissement typique: 10-50 millions de dollars
• Étape du projet préféré: exploration avancée au pré-développement

Groupes d'investissement axés sur l'exploitation durable

Mesures d'investissement en durabilité:

Critères de durabilité	Pourcentage de conformité	Engagement d'investissement
Conformité ESG	78.3%	6,7 millions de dollars
Normes environnementales	85.6%	4,2 millions de dollars

New Pacific Metals Corp. (NEWP) - Modèle d'entreprise: Structure des coûts

Frais d'exploration et de forage

Pour l'exercice 2023, New Pacific Metals Corp. a déclaré des frais d'exploration de 7 842 000 $ liés au Silver Sand Project en Bolivie. Les coûts de forage ont spécifiquement représenté 4 256 000 $ de dépenses d'exploration totales.

Catégorie de dépenses	Montant (USD)
Frais de forage	$4,256,000
Exploration géologique	$3,586,000

Coûts de levé géologique et de cartographie

Les dépenses de l'enquête géologique pour 2023 ont totalisé 1 425 000 $, avec une cartographie détaillée et des études géophysiques consommant une partie importante du budget.

• Coûts d'enquête géophysique: 612 000 $
• Cartographie topographique: 413 000 $
• Exemple d'analyse: 400 000 $

Procurement et entretien de l'équipement

Les dépenses en capital pour l'équipement minière en 2023 ont atteint 5 670 000 $, avec des coûts de maintenance estimés à 1 230 000 $.

Catégorie d'équipement	Coût d'approvisionnement (USD)	Coût de maintenance (USD)
Équipement de forage	$2,340,000	$520,000
Outils de cartographie géologique	$1,230,000	$210,000
Machinerie lourde	$2,100,000	$500,000

Salaires du personnel et de l'expertise technique

Les coûts totaux du personnel pour 2023 étaient de 6 750 000 $, le personnel technique spécialisé commandant des taux de rémunération plus élevés.

• Experts géologiques: 2 250 000 $
• Ingénieurs minières: 1 870 000 $
• Personnel de soutien technique: 1 630 000 $
• Personnel administratif: 1 000 000 $

Conformité réglementaire et gestion environnementale

La conformité et les dépenses de gestion de l'environnement pour 2023 ont totalisé 2 340 000 $, reflétant l'engagement de l'entreprise envers les pratiques minières durables.

Catégorie de conformité	Coût (USD)
Études d'impact environnemental	$890,000
Permis de réglementation	$650,000
Mesures d'atténuation environnementale	$800,000

New Pacific Metals Corp. (NEWP) - Modèle d'entreprise: Strots de revenus

Ventes de ressources minérales et production future potentielle

New Pacific Metals Corp. se concentre sur les projets en or argenté en Bolivie, en particulier le projet Silver Sand. Au quatrième trimestre 2023, la société a rapporté:

• Ressources minérales mesurées et indiquées: 85,2 millions d'onces d'équivalent d'argent
• Ressources minérales déduites: 47,5 millions d'onces d'équivalent d'argent

Catégorie de ressources	Onces équivalentes en argent	Valeur estimée (USD)
Ressources mesurées	42,6 millions oz	840 millions de dollars
Ressources indiquées	42,6 millions oz	840 millions de dollars
Ressources déduites	47,5 millions oz	935 millions de dollars

Développement stratégique du projet et monétisation des actifs

Les coûts de développement du projet et les sources de revenus potentielles comprennent:

• Dépenses en capital du projet Silver Sild Silver: 231 millions de dollars
• Production argentée annuelle projetée: 6,5 millions d'onces
• Production annuelle projetée en or: 3 500 onces

Colty-venture potentielle et accords de partenariat

Détails du partenariat actuel:

• Investissement stratégique de SilverCorp Metals: 15 millions de dollars
• Plateau de propriété: 19,9% des nouveaux métaux du Pacifique

Droits d'exploration minérale et évaluations des biens

Propriété	Emplacement	Valeur estimée
Projet de sable argenté	Bolivie	1,2 milliard de dollars
Projet de carangas	Bolivie	250 millions de dollars

Financement du marché des investissements et des capitaux

Financement des mesures:

• Capitalisation boursière (en janvier 2024): 362 millions de dollars
• Equivalents en espèces et en espèces: 48,3 millions de dollars
• Fonds de roulement: 42,7 millions de dollars

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.