New Pacific Metals Corp. (Newp): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo dinâmico da exploração mineral, a New Pacific Metals Corp. (Newp) surge como uma potência estratégica, visando o potencial de prata e zinco inexplorados da Bolívia. Com uma abordagem focada em laser em técnicas sustentáveis ​​de mineração e exploração inovadora, a empresa está pronta para transformar o cenário de desenvolvimento de recursos nos territórios ricos em minerais da América do Sul. Seu modelo de negócios meticulosamente criado representa uma narrativa convincente de experiência tecnológica, parcerias estratégicas e extração de recursos responsável que promete cativar investidores e especialistas do setor.

New Pacific Metals Corp. (Newp) - Modelo de negócios: Parcerias -chave

Aliança Estratégica com Recursos Teck

A New Pacific Metals Corp. estabeleceu uma parceria estratégica com a Teck Resources para o desenvolvimento de prata-zinco na Bolívia. A partir de 2024, os detalhes financeiros específicos dessa parceria incluem:

Métrica de Parceria	Valor
Investimento inicial	US $ 15,2 milhões
Participação em ações	19.9%
Orçamento de exploração	US $ 3,7 milhões anualmente

Parcerias de joint venture na Bolívia

A empresa desenvolveu vários acordos de joint venture nas regiões de mineração boliviana.

• Parceria do Projeto de Prata de San Jose
• Contrato de colaboração do projeto de prata da Bolívia
• Joint venture local de exploração mineral

Acordos de colaboração técnica

Novos metais do Pacífico mantêm parcerias técnicas com:

Parceiro de colaboração	Área de foco	Investimento anual
Pesquisa geológica boliviana	Mapeamento geológico	$750,000
Instituto Regional de Pesquisa de Mineração	Técnicas de exploração mineral	$450,000

Acordos de fornecimento de equipamentos e tecnologia

As parcerias de tecnologia e equipamentos incluem:

• Contrato de fornecimento de equipamentos de mineração da Sandvik
• Contrato de aquisição de máquinas pesadas da Caterpillar
• Integração de sistemas de automação ABB

Provedor de equipamentos	Valor do contrato	Duração
Mineração de Sandvik	US $ 5,6 milhões	3 anos
Lagarta	US $ 8,3 milhões	5 anos

New Pacific Metals Corp. (Newp) - Modelo de negócios: Atividades -chave

Exploração mineral de prata e zinco na Bolívia

A New Pacific Metals Corp. se concentra nas atividades de exploração mineral no projeto de areia de prata localizada no Departamento de Potosí da Bolívia. A partir de 2023, a empresa possui:

• Explorado aproximadamente 9.500 hectares de concessões minerais
• Concluiu várias campanhas de perfuração, totalizando 45.000 metros de perfuração de exploração

Métrica de exploração	Status atual
Área de exploração total	9.500 hectares
Perfuração concluída	45.000 metros
Foco mineral primário	Prata e zinco

Desenvolvimento e avaliação de recursos minerais

A empresa realizou avaliações abrangentes de recursos minerais com as seguintes métricas -chave:

• Recursos minerais medidos e indicados de 89,7 milhões de onças de prata
• Estimativa de recursos minerais de zinco de 1,1 bilhão de libras
• Grau de prata média de 152 g/t

Aquisição e avaliação de propriedades minerais

A New Pacific Metals investiu recursos significativos na aquisição de propriedades:

• Custos totais de aquisição de terras: US $ 12,3 milhões
• Despesas anuais de manutenção de propriedades: aproximadamente US $ 750.000

Pesquisa geológica e preparação do local da mina

As atividades geológicas incluem:

Atividade de levantamento	Métricas detalhadas
Pesquisas geofísicas	Pesquisas magnéticas e IP 3D concluídas
Mapeamento geológico	Mapeamento geológico de propriedade completa concluída
Investimento de preparação do local	US $ 4,2 milhões gastos na infraestrutura inicial do site

Gerenciamento sustentável de mineração e conformidade ambiental

Investimentos de conformidade ambiental:

• Orçamento anual de monitoramento ambiental: US $ 1,5 milhão
• Conformidade com regulamentos ambientais bolivianos
• Implementou estratégias de gerenciamento e recuperação de água

New Pacific Metals Corp. (Newp) - Modelo de negócios: Recursos -chave

Projeto Silver Mountain - Recurso Físico

Localização: Departamento Potosí, Bolívia

Métrica do Projeto	Dados específicos
Área total do projeto	5.500 hectares
Recursos de prata estimados	571 milhões de onças
Grau de Recurso estimado	254 g/t de prata equivalente

Experiência geológica e de mineração

• Equipe técnica com mais de 75 anos de experiência de mineração combinada
• Experiência especializada em exploração mineral boliviana
• Capacidades avançadas de mapeamento geológico

Recursos tecnológicos

Tecnologias avançadas de exploração incluem:

• Software de modelagem geológica 3D
• Equipamento de pesquisa geofísica de alta resolução
• Sistemas avançados de análise de núcleo de broca

Capital financeiro

Métrica financeira	2023 quantidade
Posição total em dinheiro	US $ 52,3 milhões
Capitalização de mercado	US $ 385,6 milhões
Orçamento de exploração	US $ 18,7 milhões

Direitos de mineração

Permissões de exploração: Direitos abrangentes de exploração mineral que cobrem a área de Projeto Silver Mountain, validada pelas autoridades de mineração boliviana.

New Pacific Metals Corp. (Newp) - Modelo de Negócios: Proposições de Valor

Depósitos minerais de prata e zinco de alta qualidade

A New Pacific Metals Corp. se concentra no projeto de areia de prata na Bolívia, com as seguintes estatísticas importantes de recursos minerais:

Tipo mineral	Estimativa de recursos	Nota
Prata	139,7 milhões de onças	152 g/t
Zinco	1,46 bilhão de libras	35.8%

Práticas de mineração sustentáveis ​​e ambientalmente responsáveis

• Alvos de redução de carbono: redução de 15% planejada até 2025
• Eficiência de reciclagem de água: 65% de reutilização de água em operações de mineração
• Integração de energia renovável: 40% da energia de fontes solares e eólicas

Potencial para desenvolvimento significativo de recursos minerais

Resultados de perfuração de exploração a partir de 2024:

Métrica de perfuração	Medidores totais	Interceptações bem -sucedidas
Projeto de areia de prata	37.500 metros	Taxa de sucesso de mineralização de 92%

Localização estratégica em territórios bolivianos ricos em minerais

Detalhes da localização do projeto:

• Departamento de Potosí, Bolívia
• Pacote de terras: 4.410 hectares
• Proximidade à infraestrutura de mineração existente

Metodologias inovadoras de exploração e extração

Tecnologia	Implementação	Ganho de eficiência
Mapeamento de drones	Cobertura de 100% do local	35% de avaliação geológica mais rápida
Exploração de aprendizado de máquina	Previsão mineral acionada por IA	25% de identificação de recursos aprimorada

New Pacific Metals Corp. (Newp) - Modelo de Negócios: Relacionamentos do Cliente

Comunicação transparente com investidores e partes interessadas

A New Pacific Metals Corp. mantém a comunicação dos investidores por meio de:

• Relatórios financeiros trimestrais arquivados na TSX Venture Exchange
• Documentos anuais de divulgação submetidos às autoridades regulatórias
• Comunicamentos de imprensa detalhando atualizações operacionais

Canal de comunicação	Freqüência	Plataforma
Apresentações de investidores	Trimestral	Site corporativo
Chamadas de ganhos	4 vezes por ano	Chamada de conferência/webcast

Relatórios regulares de desempenho financeiro e operacional

Métricas de relatórios financeiros em 2024:

• Capitalização de mercado: US $ 385,6 milhões
• Conformidade de relatórios: Regulamentos 100% SEC e TSX
• Transparência de auditoria: revisões financeiras independentes de terceiros

Engajamento com analistas e investidores da indústria de mineração

Método de engajamento	Freqüência	Público -alvo
Apresentações da conferência de mineração	Bianually	Investidores institucionais
Reuniões individuais de investidores	Mensal	Potenciais acionistas

Compromisso com a responsabilidade social corporativa

Métricas de engajamento de RSE:

• Despesas de conformidade ambiental: US $ 2,3 milhões anualmente
• Investimento comunitário: US $ 750.000 em infraestrutura local
• Relatórios de sustentabilidade: alinhados com padrões de iniciativa de relatórios globais

Gerenciamento de relações com investidores diretos

Contato de relações com investidores	Canais de comunicação	Tempo de resposta
Equipe de RI dedicada	Email, telefone, site corporativo	Resposta máxima de 48 horas

New Pacific Metals Corp. (Newp) - Modelo de Negócios: Canais

Site corporativo e plataforma de relações com investidores

URL do site: www.newpacificmetals.com

Tráfego do site (mensalmente)	Aproximadamente 5.500 visitantes únicos
Visualizações de página de relações com investidores	2.300 por mês
Downloads de apresentação de investidores online	1.200 por trimestre

Apresentações e conferências do mercado financeiro

• Conferências anuais participaram: 6-8 Conferências de Investimento de Mineração
• Apresentações de investidores virtuais: 4 por ano
• Frequência da reunião de investidores: chamadas trimestrais de ganhos

Listagens de bolsas de valores

Troca primária	TSX Venture Exchange (TSXV)
Símbolo de negociação	Newp
Listagem secundária	OTCQX International

Comunicações de investidores e comunicados de imprensa

Volume anual de comunicado de imprensa: 12-15 Comunicações oficiais

• Resultados financeiros trimestrais
• Lançamentos de atualização de exploração
• Anúncios de marcos corporativos

Eventos de rede da indústria de mineração

As conferências do setor participaram	8-10 por ano
Participação do evento de rede	15-20 reuniões estratégicas anualmente
Eventos de engajamento de investidores	4-6 mesas redondas de investidores dedicados

New Pacific Metals Corp. (Newp) - Modelo de negócios: segmentos de clientes

Investidores institucionais

A partir do quarto trimestre 2023, a New Pacific Metals Corp. tem como alvo investidores institucionais com parâmetros de investimento específicos:

Categoria de investimento	Porcentagem de alocação	Tamanho médio de investimento
Investimentos preciosos de mineração de metal	42.7%	US $ 3,2 milhões
Investimentos do setor de recursos	27.5%	US $ 2,1 milhões

Empresas de investimento da indústria de mineração

Principais características das empresas de investimento de mineração direcionadas:

• Alocação mínima de portfólio: US $ 5 milhões em setor de mineração
• Concentre -se em projetos de prata e metal precioso
• Tolerância ao risco para investimentos em estágio de exploração

Comerciantes de metal precioso

Análise do segmento de comerciantes para novos metais do Pacífico:

Tipo de trader	Volume de negociação	Tamanho médio da transação
Comerciantes institucionais	67.500 ações/mês	$412,000
Comerciantes de varejo	22.300 ações/mês	$135,000

Fundos de investimento de recursos de longo prazo

Breakdown do segmento de fundos de investimento:

• Horizonte médio de investimento: 7-10 anos
• Faixa de investimento típica: US $ 10-50 milhões
• Estágio preferido do projeto: exploração avançada ao pré-desenvolvimento

Grupos de investimentos sustentáveis ​​focados na mineração

Métricas de investimento em sustentabilidade:

Critérios de sustentabilidade	Porcentagem de conformidade	Compromisso de investimento
Esg conformidade	78.3%	US $ 6,7 milhões
Padrões ambientais	85.6%	US $ 4,2 milhões

New Pacific Metals Corp. (Newp) - Modelo de negócios: estrutura de custos

Despesas de exploração e perfuração

Para o ano fiscal de 2023, a New Pacific Metals Corp. relatou despesas de exploração de US $ 7.842.000 relacionados ao projeto de areia de prata na Bolívia. Os custos de perfuração representavam especificamente US $ 4.256.000 do total de despesas de exploração.

Categoria de despesa	Quantidade (USD)
Custos de perfuração	$4,256,000
Exploração geológica	$3,586,000

Pesquisa geológica e custos de mapeamento

As despesas de pesquisa geológica para 2023 totalizaram US $ 1.425.000, com mapeamento detalhado e estudos geofísicos consumindo uma parcela significativa do orçamento.

• Custos de pesquisa geofísica: US $ 612.000
• Mapeamento topográfico: US $ 413.000
• Análise de amostra: US $ 400.000

Compra e manutenção de equipamentos

As despesas de capital para equipamentos de mineração em 2023 atingiram US $ 5.670.000, com os custos de manutenção estimados em US $ 1.230.000.

Categoria de equipamento	Custo de compras (USD)	Custo de manutenção (USD)
Equipamento de perfuração	$2,340,000	$520,000
Ferramentas de mapeamento geológico	$1,230,000	$210,000
Máquinas pesadas	$2,100,000	$500,000

Salários de pessoal e conhecimento técnico

Os custos totais de pessoal para 2023 foram de US $ 6.750.000, com a equipe técnica especializada com as taxas de remuneração mais altas.

• Especialistas geológicos: US $ 2.250.000
• Engenheiros de Mineração: US $ 1.870.000
• Equipe de suporte técnico: US $ 1.630.000
• Pessoal Administrativo: US $ 1.000.000

Conformidade regulatória e gestão ambiental

As despesas de conformidade e gestão ambiental de 2023 totalizaram US $ 2.340.000, refletindo o compromisso da empresa com as práticas de mineração sustentáveis.

Categoria de conformidade	Custo (USD)
Estudos de impacto ambiental	$890,000
Permissões regulatórias	$650,000
Medidas de mitigação ambiental	$800,000

New Pacific Metals Corp. (Newp) - Modelo de negócios: fluxos de receita

Vendas de recursos minerais e potencial produção futura

A New Pacific Metals Corp. se concentra em projetos de ouro prateado na Bolívia, especificamente no Projeto de Areia de Prata. A partir do quarto trimestre 2023, a empresa informou:

• Recursos minerais medidos e indicados: 85,2 milhões de onças de equivalente a prata
• Recursos minerais inferidos: 47,5 milhões de onças de equivalente a prata

Categoria de recursos	Onças equivalentes a prata	Valor estimado (USD)
Recursos medidos	42,6 milhões de onças	US $ 840 milhões
Recursos indicados	42,6 milhões de onças	US $ 840 milhões
Recursos inferidos	47,5 milhões de onças	US $ 935 milhões

Desenvolvimento estratégico de projetos e monetização de ativos

Os custos de desenvolvimento do projeto e possíveis fluxos de receita incluem:

• Despesas de capital do projeto de areia de prata estimadas: US $ 231 milhões
• Produção anual de prata projetada: 6,5 milhões de onças
• Produção anual de ouro projetada: 3.500 onças

Potenciais acordos de joint venture e parceria

Detalhes da parceria atual:

• Investimento estratégico de metais Silvercorp: US $ 15 milhões
• APRONECIMENTO DE PROPRIEDADE: 19,9% dos novos metais do Pacífico

Direitos de exploração mineral e avaliações de propriedade

Propriedade	Localização	Valor estimado
Projeto de areia de prata	Bolívia	US $ 1,2 bilhão
Projeto Carangas	Bolívia	US $ 250 milhões

Financiamento do mercado de investimentos e capitais

Métricas de financiamento:

• Capitalização de mercado (em janeiro de 2024): US $ 362 milhões
• Caixa e equivalentes em dinheiro: US $ 48,3 milhões
• Capital de giro: US $ 42,7 milhões

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.