VANCOUVER, BC, Sept. 24, 2024 /CNW/ - New Pacific Metals Corp.
("New Pacific" or the "Company") reports that the Company has filed
today its fiscal 2024 annual report on Form 40-F with the U.S.
Securities and Exchange Commission ("SEC").
The Form 40-F, which includes the Company's fiscal 2024 annual
audited financial statements, management's discussion and analysis,
and annual information form, is available on the Company's website
at https://www.newpacificmetals.com/ and on the SEC's website at
www.sec.gov. Printed copies of the Company's fiscal 2024 annual
financial statements, management's discussion and analysis, annual
information form and Form 40-F are available free of charge to New
Pacific securityholders upon written request.
ABOUT NEW PACIFIC
New Pacific is a Canadian exploration and development company
with three precious metal projects in Bolivia. The Company's flagship Silver Sand
project has the potential to be developed into one of the world's
largest silver mines. The Company is also rapidly advancing its
Carangas project towards a Preliminary Economic Assessment. For the
Silverstrike project, the Company completed a discovery drill
program in 2022.
For further information, please contact:
Andrew Williams, CEO
New Pacific Metals Corp. Phone: (604) 633-1368 Ext. 236
1750 – 1066 Hastings Street, Vancouver,
BC V6E 3X1, Canada
U.S. & Canada toll-free: 1
(877) 631-0593
E-mail: invest@newpacificmetals.com
For additional information and to receive the Company news by
e-mail, please register using New Pacific's website at
www.newpacificmetals.com.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Certain of the statements and information in this news
release constitute "forward-looking statements" within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and "forward-looking information" within the meaning of
applicable Canadian provincial securities laws. Any statements or
information that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always,
using words or phrases such as "expects", "is expected",
"anticipates", "believes", "plans", "projects", "estimates",
"assumes", "intends", "strategies", "targets", "goals",
"forecasts", "objectives", "budgets", "schedules", "potential" or
variations thereof or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
forward-looking statements or information. Such statements include,
but are not limited to, statements regarding: the potential for the
Silver Sand project to be developed into one of the world's largest
silver mines; anticipated exploration, drilling, development,
construction, and other activities or achievements of the Company;
inferred, indicated or measured mineral resources or mineral
reserves on the Company's projects, including, but not limited to,
the Silver Sand PFS Technical Report; the
anticipation that the Company will file a Preliminary Economic
Assessment in respect of its Carangas project; the timing of
receipt of permits and regulatory approvals; and estimates of the
Company's revenues and capital expenditures.
Forward-looking statements or information are subject to a
variety of known and unknown risks, uncertainties and other factors
that could cause actual events or results to differ from those
reflected in the forward-looking statements or information,
including, without limitation, risks relating to: fluctuating
equity prices, bond prices, commodity prices; calculation of
resources, reserves and mineralization, general economic
conditions, foreign exchange risks, interest rate risk, foreign
investment risk; loss of key personnel; delays, disruptions, and
potential legal liabilities from illegal artisanal and small-scale
miners; conflicts of interest; dependence on management,
uncertainties relating to the availability and costs of financing
needed in the future, environmental risks, operations and political
conditions, the regulatory environment in Bolivia and Canada, risks associated with community
relations and corporate social responsibility, and other factors
described under the heading "Risk Factors" in the Company's annual
information form for the year ended June 30,
2024 and its other public filings. This list is not
exhaustive of the factors that may affect any of the Company's
forward-looking statements or information.
The forward-looking statements are necessarily based on a
number of estimates, assumptions, beliefs, expectations and
opinions of management as of the date of this news release that,
while considered reasonable by management, are inherently subject
to significant business, economic and competitive uncertainties and
contingencies. These estimates, assumptions, beliefs, expectations
and options include, but are not limited to, those related to the
Company's ability to carry on current and future operations,
including: development and exploration activities; the timing,
extent, duration and economic viability of such operations; the
accuracy and reliability of estimates, projections, forecasts,
studies and assessments; the Company's ability to meet or achieve
estimates, projections and forecasts; the stabilization of the
political climate in Bolivia; the
Company's ability to obtain and maintain social license at its
mineral properties; the availability and cost of inputs; the price
and market for outputs; foreign exchange rates; taxation levels;
the timely receipt of necessary approvals or permits, including the
ratification and approval of the Mining Production Contract with
the Corporacion Minera de Bolivia by the Plurinational Legislative
Assembly of Bolivia; the ability
of the Company's Bolivian partner to convert the exploration
licenses at its Carangas project to administrative mining
contracts; the ability to meet current and future obligations; the
ability to obtain timely financing on reasonable terms when
required; the current and future social, economic and political
conditions; and other assumptions and factors generally associated
with the mining industry. Although the forward-looking statements
contained in this news release are based upon what management
believes are reasonable assumptions, there can be no assurance that
actual results will be consistent with these forward-looking
statements. All forward-looking statements in this news release are
qualified by these cautionary statements. Accordingly, readers
should not place undue reliance on such statements. Other than
specifically required by applicable laws, the Company is under no
obligation and expressly disclaims any such obligation to update or
alter the forward-looking statements whether as a result of new
information, future events or otherwise except as may be required
by law. These forward-looking statements are made as of the date of
this news release.
CAUTIONARY NOTE TO UNITED
STATES INVESTORS
This news release has been prepared in accordance with the
requirements of the securities laws in effect in Canada which differ from the requirements of
United States securities laws. All
mining terms used herein but not otherwise defined have the
meanings set forth in National Instrument 43-101 – Standards of
Disclosure for Mineral Projects ("NI 43-101"). Unless otherwise
indicated, the technical and scientific disclosure herein has been
prepared in accordance with NI 43-101, which differs significantly
from the requirements adopted by the United States Securities and
Exchange Commission.
Accordingly, information contained in this news release
containing descriptions of the Company's mineral deposits may not
be comparable to similar information made public by United States companies subject to the
reporting and disclosure requirements of United States federal securities laws and the
rules and regulations thereunder.
Additional information relating to the Company, including the
Company's annual information form, can be obtained under the
Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at
www.sec.gov, and on the Company's website at
www.newpacificmetals.com.
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SOURCE New Pacific Metals Corp.
