New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) has signed a Framework Agreement for Cooperation and Coordination with the Carangas community for its Carangas silver-gold project in Bolivia’s Oruro Department. The agreement establishes terms for transparency, mutual benefit, and long-term collaboration as the project advances toward production. This development is significant because it secures community support, which is a critical step in de-risking the project and moving it forward in a socially responsible manner.
The framework outlines commitments to responsible development, environmental compliance, community investment, and resettlement planning. In return, the community has agreed to support consultation, permitting, and project access. With this agreement in place, the company expects to complete the formal prior consultation process, seek conversion of exploration licenses to mining permits, and upon permit approval, commence a feasibility study and a 2026 drilling campaign of more than 30,000 metres targeting resource expansion and new mineralized zones. This marks a pivotal transition from exploration to development, potentially unlocking significant value for stakeholders.
New Pacific is a Canadian exploration and development company advancing two permitting-stage precious metals projects in Bolivia. Its Silver Sand project in Potosí has the potential to become one of the world’s largest silver mines. The Carangas project strengthens the company’s portfolio through scale, robust economics, and regional exploration potential. With over a decade of operating experience in Bolivia, New Pacific has earned the confidence of its stakeholders and shareholders. The company is headquartered in Vancouver, British Columbia, and its shares trade on the Canadian Securities Exchange under the symbol “NUAG” and on the New York Stock Exchange under the symbol “NEWP”.
The Carangas project’s advancement is crucial for Bolivia’s mining sector, which has faced challenges in attracting investment due to regulatory and social hurdles. This agreement demonstrates a collaborative approach that could serve as a model for other projects in the region. For investors, the framework reduces uncertainty and paves the way for a feasibility study and expanded drilling, which are key catalysts for share price appreciation. The company’s commitment to environmental compliance and community investment also aligns with global ESG standards, potentially attracting a broader investor base.
More information about New Pacific and the Carangas project is available in the company’s newsroom at http://ibn.fm/NEWP. The full press release can be viewed at https://ibn.fm/WzP7f.
