New Pacific Metals Boosts Cash Reserves Through Bought Deal Financing
The company ended its fiscal year with $38.57 million in cash and cash equivalents
New Pacific Metals Corp. (NEWP), a Canadian mining issuer exploring and developing mineral properties in Bolivia, increased its liquidity position through a significant capital raise during the fiscal year ended June 30, 2026,. The company reported cash and cash equivalents of $38.57 million at the end of the period, up from $16.84 million on June 30, 2025,.
This increase in liquidity was primarily driven by a bought deal financing that provided net proceeds of $27.01 million,. Additional cash inflows included $1.99 million received from stock option exercises. These financing activities offset cash outflows from operations and investing. Cash used in operating activities for the year ended June 30, 2026, was $3.49 million, compared to $3.26 million in the prior year. Investing activities required $3.73 million, an increase from the $2.75 million used in the previous year, which the company attributed to capital expenditures for equipment and mineral properties at its Bolivian exploration projects.
Financial performance for the year ended June 30, 2026, resulted in a net loss of $4.19 million, compared to a net loss of $3.78 million in fiscal 2025. The basic and diluted loss per share remained at 0.02 USD a share for both years. Operating expenses for the year were $5.95 million, a slight decrease from $5.98 million in the previous year.
Other income drivers included $1.01 million from investments and a foreign exchange gain of $1.41 million,. The company noted that the foreign exchange gain was influenced by the appreciation of the USD against the CAD, which moved from 1.3643 to 1.4210.
Working capital rose to $37.76 million as of June 30, 2026, from $16.17 million a year prior. The company stated it has sufficient funds to support normal permitting and operating requirements for at least the next 12 months.
Recent operational developments include the signing of Administrative Mining Contracts for the Carangas Project with the Autoridad Jurisdiccional Administrativa Minera on August 21, 2026.