New Pacific Metals Files $200M Shelf Prospectus for Future Offerings
New Pacific Metals Corp., a Canadian exploration and development company, has filed a final short form base shelf prospectus and a corresponding shelf registration statement. This allows the company to make offerings of up to US$200,000,000 of common shares, preferred shares, debt securities, warrants, units, or subscription receipts over the next 25 months.
New Pacific Metals, listed on the TSX and NYSE American under NUAG and NEWP respectively, has three precious metal projects in Bolivia. These include the Silverstrike project, where a discovery drill program was completed in 2022, and the Carangas project, which has the potential for high-margin silver-lead-zinc production. The company's flagship project, Silver Sand, has the potential to become one of the world's largest silver mines.
The company's ability to carry on current and future operations is subject to various risks and uncertainties. These include the global economic and social impact of public health crises, fluctuations in equity and commodity prices, and political conditions in Bolivia. The company's ability to meet its obligations and obtain financing is also subject to these risks and uncertainties.
A copy of the prospectus can be obtained from the Company's SEDAR+ profile, the SEC's EDGAR profile, or by contacting the company directly. The specific terms of any future offering will be established in a prospectus supplement, which will be filed with Canadian and U.S. securities regulatory authorities. The forward-looking statements in this news release are qualified by cautionary statements and are based on assumptions that may prove to be incorrect.
