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Stock impact report

New Pacific Metals Corp. (NEWP): Strengthening Local Ties and Project Momentum [Yahoo! Finance]

New Pacific Metals Corp. Common Shares (NEWP) 
Company Research Source: Yahoo! Finance
On February 23, New Pacific Metals Corp. (NYSEAMERICAN:NEWP) confirmed it has made significant progress as it seeks to kick-start operations at the Carangas silver-gold project in Bolivia's Oruro Department. New Pacific Metals Corp. (NEWP): Strengthening Local Ties and Project Momentum Andrey Armyagov/Shutterstock.com The company signed a Framework Agreement with the local community outlining terms and commitments. The agreement includes fixed annual contributions to a community development fund tied to project stages, as well as a community resettlement plan for relocating Carangas village. Following the agreement, New Pacific Metals will commence a feasibility study upon the grant of mining permits and conduct infill drilling to upgrade resources. Exploration will target deeper zones and new targets. The company boasts a solid balance sheet that allows it to meet its commitments and accelerate the exploration and drilling activities. Earlier on February 11, the company del Show less Read more
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