New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) announced the signing of 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. It 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, New Pacific 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. The Carangas project is a significant silver-gold asset in Bolivia, complementing the company’s Silver Sand project in Potosí, which has the potential to become one of the world’s largest silver mines.
New Pacific is a Canadian exploration and development company with over a decade of operating experience in Bolivia. The company has earned the confidence of its stakeholders and shareholders through responsible practices and advancing its portfolio of precious metals projects. The Carangas agreement represents a key step in de-risking the project and aligning stakeholder interests, which is critical for successful project development in the region.
For more details on the press release, visit https://ibn.fm/WzP7f. The latest news and updates relating to NEWP are available in the company’s newsroom at http://ibn.fm/NEWP.
