New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) announced it has signed a Framework Agreement for Cooperation and Coordination with the Carangas community in connection with 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.
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 the framework 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 agreement is a critical step for New Pacific Metals as it progresses the Carangas project, which is one of two permitting-stage precious metals projects in Bolivia. The company also owns the Silver Sand project in Potosí, which 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.
New Pacific Metals has over a decade of operating experience in Bolivia and 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”.
For more information, visit the company’s newsroom at http://ibn.fm/NEWP.
