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FAQ: New Pacific Metals Corp.'s Leadership Changes, Funding, and Bolivian Project Development
TL;DR
New Pacific Metals appoints permanent CEO and CFO, securing C$35.1 million to advance Carangas and Silver Sand projects for potential competitive advantage in silver mining.
New Pacific Metals appointed Jalen Yuan as CEO and Chester Xie as CFO, then raised C$35.1 million through a share offering to fund exploration and development in Bolivia.
New Pacific Metals' leadership appointments and funding advance projects that could create economic opportunities and develop sustainable mining operations in Bolivia.
New Pacific Metals' Silver Sand project in Bolivia has potential to become one of the world's largest silver mines, now backed by new leadership and funding.
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This announcement covers New Pacific Metals Corp.'s permanent leadership appointments of Jalen Yuan as CEO and Chester Xie as CFO, along with a C$35.1 million funding round to advance the company's Bolivian mining projects.
Jalen Yuan has been appointed as permanent CEO and board member, while Chester Xie has been appointed as permanent CFO; both were previously interim appointments since April 2025. Board Chair Dickson Hall expressed support for their continued leadership.
The company secured approximately C$35.1 million through a bought deal agreement for 9.9 million common shares. The net proceeds will fund exploration and development of the Carangas and Silver Sand projects, plus working capital and general corporate purposes.
The company has three precious metal projects in Bolivia: the flagship Silver Sand project, the Carangas silver-lead-zinc project, and the Silverstrike project where a discovery drill program was completed in 2022.
The Silver Sand project has the potential to be developed into one of the world's largest silver mines, making it New Pacific Metals' flagship project in Bolivia.
Since their interim appointments in April 2025, Yuan and Xie have driven meaningful progress including advancing permitting efforts and strengthening the company's relationships with capital markets.
The permanent appointments were made recently, following the leaders' interim roles that began in April 2025. The funding agreement was entered into in early October.
The permanent leadership appointments and substantial funding indicate stability and growth potential, with resources now available to advance key Bolivian mining projects toward development.
The latest news and updates are available in the company's newsroom at https://ibn.fm/NEWP, and the full article can be viewed at https://ibn.fm/X5prf.
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Curated from InvestorBrandNetwork (IBN)
