New Pacific Announces Filing of Final Base Shelf Prospectus
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NEWS RELEASE
NEW PACIFIC ANNOUNCES FILING OF
FINAL BASE SHELF PROSPECTUS
VANCOUVER, BRITISH COLUMBIA – JULY 16, 2021: New Pacific Metals Corp. (“New Pacific”
or the “Company”) (TSX: NUAG; NYSE-A: NEWP) is pleased to announce that it has filed a final
short form base shelf prospectus (the “ Prospectus”) with the securities regulatory authorities in
each of the provinces of Canada and a corresponding shelf registration statement on Form F-10
with the U.S. Securities and Exchange Commission (the “Registration Statement”) . The
Prospectus is expected to provide the Company with a flexible and efficient approach for
completing future financings.
The Prospectus and Registration Statement enable the Company to make offerings of up to
US$200,000,000 of common shares, preferred shares, debt securities, warrants, units or
subscription receipts of the Company or any combination thereof from time to time, separately or
together, in amounts, at prices and on terms to be determined based on market conditions at the
time of the offering and as set out in an accompanying prospectus supplement, during the 25 -
month period that the Prospectus is effective. The specific terms of any future offering will be
established in a supplement to the Prospectus, which will be filed with the applicable Canadian
securities regulatory authorities.
A copy of the Prospectus can be found under the Company’s profil e on www.sedar.com and a
copy of the Registration Statement can be found under the Company’s EDGAR profile at
www.sec.gov. A copy of the Prospectus and Registration Statement may also be obtained from
the Company upon written request from the contact below.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall
there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would
be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.
ABOUT NEW PACIFIC
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New Pacific is a Canadian exploration and development company with precious metal projects ,
including the flagship Silver Sand Project, the Silverstrike Project and the Carangas Project, all of
which are located in Bolivia . The Company is focused on progressing the development of the
Silver Sand Project, while growing its Mineral Resources through the exploration and acquisition
of properties in the Americas.
For further information, please contact:
Stacey Pavlova, CFA
VP, Investor Relations and Corporate Communications
New Pacific Metals Corp.
Phone: (604) 633-1368
U.S. & Canada toll-free: 1-877-631-0593
E-mail: [email protected]
www.newpacificmetals.com
To receive 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 anticipated exploration, drilling, development, construction, and other
activities or achievements of the Company; 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 cou ld cause actual events or results to differ from those reflected in the forward -looking statements or
information, including, without limitation, risks relating to: global economic and social impact of COVID -19; 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; conflicts of interest;
dependence on management, uncertainties rel ating 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, 2020 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 ma nagement,
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: the duration and effects of COVID-19 on our operations and
workforce; development and exploration activities; the timing, extent, duration and economic viability of such operations;
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the accuracy and reliab ility 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 l icense 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 COMIBOL by the Plurinational Legislative
Assembly of Bolivia; the validity of the joint venture structure for the Silverstrike Project and the Carangas Project; the
ability to meet current and future obligations; the ability to obtai n 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 t his 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 US INVESTORS
The disclosure in this news release and referred to herein was prepared in accordance with NI 43 -101 which differs
significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC"). The terms “proven
mineral reserve”, “probable mineral r eserve” and “mineral reserves” used in this news release are in reference to the
mining terms defined in the Canadian Institute of Mining, Metallurgy and Petroleum Standards (the “CIM Definition
Standards”), which definitions have been adopted by NI 43 -101. Accordingly, information contained in this news
release providing descriptions of our mineral deposits in accordance with NI 43-101 may not be comparable to similar
information made public by other U.S. companies subject to the United States federal securities laws and the rules and
regulations thereunder.
Investors are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves.
Pursuant to CIM Definition Standards, “Inferred mineral resources” are that part of a mineral resource for which quantity
and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence
is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower
level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve.
However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indic ated
mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not
form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that
all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of “contained ounces” in
a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to
report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without
reference to unit measures.
Canadian standards, including the CIM Definition Standards and NI 43 -101, differ significantly from standards in the
SEC Industry Guide 7. Effective February 25, 2019, the SEC adopted new mining disclosure rules under subpart 1300
of Regulation S -K of the United States Securities Act of 1933, as amended (the “SEC Modernization Rules”), with
compliance required for the first fiscal year beginning on or after January 1, 2021. The SEC Modernization Rules
replace the historical property disclosure requirements included in SEC Industry Guide 7. As a result of the adoption
of the SEC Modernization Rules, the SEC now recognizes estimates of “Measured Min eral Resources”, “Indicated
Mineral Resources” and “Inferred Mineral Resources”. In addition, the SEC has amended its definitions of “Proven
Mineral Reserves” and “Probable Mineral Reserves” to be substantially similar to corresponding definitions under t he
CIM Definition Standards. During the period leading up to the compliance date of the SEC Modernization Rules,
information regarding mineral resources or reserves contained or referenced in this news release may not be
comparable to similar information made public by companies that report according to U.S. standards. While the SEC
Modernization Rules are purported to be “substantially similar” to the CIM Definition Standards, readers are cautioned
that there are differences between the SEC Modernization Rules and the CIM Definitions Standards. Accordingly, there
is no assurance any mineral reserves or mineral resources that the Company may report as “proven mineral reserves”,
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“probable mineral reserves”, “measured mineral resources”, “indicated mineral r esources” and “inferred mineral
resources” under NI 43-101 would be the same had the Company prepared the reserve or resource estimates under
the standards adopted under the SEC Modernization Rules.