New Pacific Metals Reports Financial Results and Advances Carangas Silver-Gold Project

VANCOUVER, BC, Sept. 3, 2026 /CourierPR/ -- New Pacific Metals Corp., a Canadian exploration and development company with projects in Bolivia, reported its financial results for the three months and year ending June 30, 2026. The company's financials reflect a net loss of $0.99 million and $4.19 million for the three months and year ended June 30, 2026, respectively, compared to $0.89 million and $3.76 million for the same periods in 2025.

The Carangas Silver-Gold Project, a cornerstone of the company’s operations, continued to advance with significant milestones. On August 21, 2026, New Pacific signed Administrative Mining Contracts (AMCs) with the Autoridad Jurisdiccional Administrativa Minera (AJAM), covering approximately 39 square kilometers of the Carangas Project. The AMCs, which have a 30-year fixed term, are now submitted to the Plurinational Legislative Assembly of Bolivia for ratification and approval. This move is a critical step in securing long-term mining rights in the region.

On August 14, 2026, the company released an updated independent preliminary economic assessment technical report titled "Carangas Project NI 43-101 Technical Report and Preliminary Economic Assessment." Prepared by Ausenco Engineering Canada ULC, the report highlights a post-tax net present value (NPV) of $2.65 billion and an internal rate of return (IRR) of 35.9% at base case metal prices. The project is expected to have a 19-year life of mine, excluding two years of pre-production, producing approximately 195 million ounces of silver, 1.1 million ounces of gold, 1,453 million pounds of zinc, and 941 million pounds of lead, or 339.0 million ounces of silver equivalent. Initial capital costs are estimated at $644.5 million with a post-tax payback of 2.4 years.

In a related development, on February 23, 2026, New Pacific signed a Framework Agreement for Cooperation and Coordination with the Carangas community (TIOC Carangas). The agreement aims to foster transparency, mutual respect, and long-term cooperation in the development of the Carangas Project.

Financially, the company's expenditures for the Carangas Project totaled $1.71 million for the year ending June 30, 2026, compared to $1.47 million in 2025. The project’s robust economic potential underscores New Pacific’s commitment to advancing its exploration and development initiatives.

The company’s strategic approach is underpinned by the Silver Sand project in Potosí, which holds the potential to become one of the world’s largest silver mines. The Carangas Silver-Gold Project, with its scale, robust economics, and regional exploration potential, continues to strengthen New Pacific’s portfolio.

Despite these advancements, the project faces several uncertainties. The cautionary note regarding the preliminary economic assessment highlights the speculative nature of the mineral resources and the importance of additional exploration. Furthermore, political and social instability in Bolivia, including recent protests and blockades, poses a risk to the project’s timeline and operating costs.

New Pacific Metals Corp. remains committed to its exploration and development plans, with shares trading on the Canadian Securities Exchange under the symbol "NUAG" and on the New York Stock Exchange under "NEWP." The company’s next steps will focus on securing the required permits and concessions, as well as advancing the project through detailed engineering and construction phases.

*Note: This summary excludes the company’s contact information and additional registration details for clarity.*

For more detailed information, refer to the company’s management discussion and analysis, audited consolidated financial statements, and other filings available on SEDAR+, EDGAR, and the company’s website.

Disclaimer: The forward-looking statements and information contained in this release are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Readers are cautioned not to place undue reliance on forward-looking statements. END

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*New Pacific Metals Corp.*

*1750-1066 Hastings Street, Vancouver, BC V6E 3X1, Canada*

*Phone: (604) 633-1368 Ext. 223*

*U.S. & Canada toll-free: 1 (877) 631-0593*

*Website: www.newpacificmetals.com*

*SEDAR+: www.sedarplus.ca*

*EDGAR: www.sec.gov*

*Disclosure: This press release contains forward-looking statements. Forward-looking statements are based on assumptions and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated. New Pacific Metals Corp. disclaims any obligation to update forward-looking statements.*

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