# New Pacific Metals (TSX:NUAG)

> New Pacific Metals is focused on the exploration and development of silver projects in Bolivia, with its flagship property being the Silver Sand project located in the historic silver-rich region of Potosí.

## About

New Pacific Metals is focused on the exploration and development of silver projects in Bolivia, with its flagship property being the Silver Sand project located in the historic silver-rich region of Potosí. The company has a strong financial position with $37.5 million in working capital and is backed by two major silver producers, Silvercorp Metals and Pan American Silver.

## Key facts

- **Cash position:** US$41.2 M
- **Shares outstanding:** 184 M
- **Fully diluted shares:** 190 M
- **Warrants:** 0
- **Options:** 5.5 M
- **Mineral resource:** The Mineral Resource Estimate (“MRE”), which used conceptual open pit mining constraints for reporting purposes, has been reported in the news release of November 28, 2022. The Mineral Resources, which are stated at a 30 g/t silver cut‐off grade, are shown in the table below.

**Mineral Resource as of October 31, 2022**

_Notes:_
- _CIM Definition Standards (2014) were used for reporting the Mineral Resources._
- _The qualified person (as defined in NI 43-101) is Dinara Nussipakynova, P.Geo. of BBA, formerly employed with AMC Consultants (Canada) Ltd. (“AMC Consultants)._
- _Mineral Resources are constrained by optimized pit shells at a metal price of US$22.50/oz Ag, recovery of 91% Ag and cut-off grade of 30 g/t Ag._
- _Drilling results up to July 25 2022._
- _The numbers may not compute exactly due to rounding._
- _Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability._

_Source: AMC Mining Consultants (Canada) Ltd._
- **Projects:** ["The RZY Project, located in Qinghai, China is an early stage silver-lead-zinc exploration project, situated on a high plateau with an average elevation of 5,000 metres above sea level. The RZY Project is located approximately 237 kilometres via paved and gravel roads from the city of Yushu Tibetan Autonomous Prefecture, or 820 kilometres via paved highway from Qinghai Province’s capital city of Xining.  In 2016, the Qinghai Government issued a moratorium which suspended exploration for twenty six mining projects including the Company’s RZY project in the region and classified the region as a National Nature Reserve Area. Subsequent to June 30, 2019, the Company’s subsidiary, Qinghai Found, reached a compensation agreement with the Qinghai Government for the RZY project.  Pursuant to the compensation agreement, Qinghai Found will surrender its title of the RZY project to the Qinghai Government for one-time cash compensation of $3.8 million (RMB ¥20 million).  The process is expected to be completed in Fiscal 2020."]
- **Leadership:** Dr. Rui Feng (Founder, Successful entrepreneur and mine builder with over 25 years of global mining industry experience. Integral in discovering Jinshan Gold’s CSH Gold Mine in China.), Jalen Yuan (CEO, Corporate leader and professional accountant with over sixteen years of experience in the mining industry. Involved in strategic decisions and financing activities since 2015.), Chester Xie (CFO, Professional accountant with nearly a decade of experience in financial reporting and auditing.), Alex Zhang (Vice President, Exploration, Professional geoscientist with over 30 years of experience in mineral exploration.), Carolina Ordoñez (Vice President, Corporate Affairs, Over 15 years of experience in the resource sector with expertise in government relations.), Hianny Romero (Vice President, Bolivia Operations, Strategic financial and operational executive with over a decade of leadership experience in Bolivia.), Dickson Hall (Chairman of the Board of Directors, Over 40 years of experience in finance and corporate development, particularly in the mining sector.), Paul Simpson (Director, Corporate securities and mining lawyer with over 25 years of experience.), Maria Tang (Director, Over 20 years of experience in accounting with a focus on the mining industry.), Martin Wafforn (Director, Mining engineer with more than 35 years of experience in the mining industry.), Myles Gao (Director, Seasoned geologist and mining executive with senior leadership experience in various mining companies.

_Verified data last updated: 2026-06-12_

## Recent filings

- 2026-05-13 — financials — [NUAG_2026-05-13_18-12-40.pdf](https://ai-chat-dev-red.vercel.app/nuag/preview/50220?documentId=50220)
- 2026-05-13 — mda — [NUAG_2026-05-13_18-07-33.pdf](https://ai-chat-dev-red.vercel.app/nuag/preview/50219?documentId=50219)
- 2026-05-13 — financials — [NUAG_2026-05-13_18-03-32.pdf](https://ai-chat-dev-red.vercel.app/nuag/preview/50171?documentId=50171)
- 2026-05-13 — press_release — [NUAG_2026-05-13_17-44-17.pdf](https://ai-chat-dev-red.vercel.app/nuag/preview/50117?documentId=50117)
- 2026-02-23 — press_release — [New Pacific Metals Announces Framework Agreement for Cooperation and Coordination with the Carangas Community](https://ai-chat-dev-red.vercel.app/nuag/preview/18336?documentId=18336)
- 2026-02-12 — mda — [NUAG_2026-02-11_19-00-49.pdf](https://ai-chat-dev-red.vercel.app/nuag/preview/17446?documentId=17446)
- 2026-02-11 — press_release — [NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE THREE AND SIX MONTHS ENDED DECEMBER 31, 2025](https://ai-chat-dev-red.vercel.app/nuag/preview/17445?documentId=17445)
- 2025-12-04 — press_release — [Progress Report on Carangas Silver-Gold and Silver Sand Silver Projects, Bolivia and 2026 Work Plan](https://ai-chat-dev-red.vercel.app/nuag/preview/15005?documentId=15005)

## Investor FAQ

### [Latest News?](https://ai-chat-dev-red.vercel.app/nuag/faq/latest-news)

The latest news from New Pacific Metals includes a press release dated May 13, 2026, which reported financial results and updates on their projects. Additionally, a framework agreement for cooperation and coordination with the Carangas Community was announced on February 23, 2026.

### [Why Bolivia?](https://ai-chat-dev-red.vercel.app/nuag/faq/why-bolivia)

New Pacific Metals focuses on Bolivia due to its rich silver resources, particularly in the historic silver-rich region of Potosí. The company's flagship property, the Silver Sand project, has shown significant potential for silver exploration and development.

## Live AI chat

- https://ai-chat-dev-red.vercel.app/nuag/chat
- Investor website: https://www.newpacificmetals.com/