Commission File No. 001-40381
[Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F]
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1

NEW PACIFIC REPORTS FINANCIAL RESULTS FOR THE
THREE MONTHS AND YEAR ENDED JUNE 30, 2026
VANCOUVER, BC, Sept. 3, 2026 /CNW/ - New Pacific Metals
Corp. ("New Pacific" or the "Company") reports its financial results for the three months and year ended June
30, 2026. All figures are expressed in US dollars unless otherwise stated.
FISCAL 2026 HIGHLIGHTS
| • | On August 21, 2026, the Company signed the Administrative
Mining Contracts ("AMCs") for its Carangas Silver-Gold Project (the "Carangas Project") with the Autoridad Jurisdiccional
Administrativa Minera (Administrative Mining Jurisdictional Authority, or "AJAM"). The AMCs, which cover the approximately
39 km2 of the Carangas Project, have a 30-year fixed term. The signed AMCs will now be submitted to the Plurinational Legislative Assembly
of Bolivia for ratification and approval. |
| • | On August 14, 2026, the Company filed an updated independent
preliminary economic assessment technical report for its Carangas Project titled "Carangas Project NI 43-101 Technical Report and
Preliminary Economic Assessment" (the "Updated Carangas PEA Technical Report"). The Updated Carangas PEA Technical Report
is effective July 16, 2026 and was independently prepared by Ausenco Engineering Canada ULC. ("Ausenco") in accordance with
National Instrument 43-101
- Standards
of Disclosure for Mineral Projects ("NI 43-101").
The Updated Carangas PEA Technical Report considers an increased throughput rate and the inclusion of the gold zone when compared to the
previous preliminary economic assessment technical report dated September 5, 2024. See "Cautionary Note Regarding Results of Preliminary
Economic Assessment". Highlights of the Updated Carangas PEA Technical Report are as follows: |
| • | Post-tax net present value ("NPV") (5%) of $2.65
billion and internal rate of return ("IRR") of 35.9% at base case metal prices of: $45.00/ounce ("oz") silver ("Ag"),
$3,400/oz gold ("Au"), $1.20/pound ("lb") zinc ("Zn"), and $0.90/lb lead ("Pb"); |
| • | 19-year life of mine ("LOM"), excluding two-years
of pre-production, producing approximately 195 million oz ("Moz") of payable Ag, 1.1 Moz of payable Au, 1,453 million pounds
("Mlbs") of payable Zn and 941 Mlbs of payable Pb, or 339.0 Moz silver equivalent ("AgEq"); and |
| • | Initial capital costs of $644.5 million and a post-tax payback
of 2.4 years. |
| • | On February 23, 2026, the Company signed a Framework Agreement
for Cooperation and Coordination (the "Agreement") with the Carangas community ("TIOC Carangas") in respect to the
Carangas Project. The Agreement establishes a general framework of understanding and commitment between the Company and TIOC Carangas
that reflects the shared intention to develop the Carangas Project based on transparency, fairness, mutual benefits, mutual respect, and
long-term cooperation. |
| • | On October 21, 2025, the Company closed a bought deal financing.
A total of 11,385,000 common shares of the Company were sold under the bought deal financing at a price of CAD $3.55 (approximately $2.53)
per common share for total gross proceeds of approximately CAD $40.4 million (approximately $28.8 million). Raymond James Ltd. acted as
sole bookrunner, and the Offering was co-led by Raymond James Ltd. and BMO Nesbitt Burns Inc. on behalf of a syndicate of underwriters. |
| • | On October 23, 2025, the Company appointed Mr. Jalen Yuan
as Chief Executive Officer ("CEO") and Mr. Chester Xie as Chief Financial Officer ("CFO"). Mr. Yuan has also been
appointed to the Company's board of directors. This announcement follows the appointments of Mr. Yuan and Mr. Xie as Interim CEO and Interim
CFO, respectively, in April 2025. |
FINANCIAL RESULTS
Net loss attributable to equity holders of the
Company for the three months and year ended June 30, 2026 was $0.99 million or $0.01 per share and $4.19 million or $0.02 per share,
respectively (the three months and year ended June 30, 2025 - net loss of $0.89 million or $0.01 per share and $3.76 million or $0.02
per share, respectively). The Company's financial results were mainly impacted by the following items:
| • | Working Capital: As of June 30, 2026, the Company
had working capital of $37.76 million. |
| • | Operating expenses for the three months and year ended
June 30, 2026 were $1.59 million and $5.95 million, respectively (the three months and year ended June 30, 2025 - $1.42 million
and $5.98 million, respectively). |
| • | Income from investments for the three months
and year ended June 30, 2026 were $0.30 million and $1.01 million, respectively (the three months and year ended June 30, 2025 -
$0.13 million and $0.79 million). |
| • | Loss on disposal of plant and equipment for the
three months and year ended June 30, 2026 were $nil and $0.02 million (the three months and year ended June 30, 2025 - $nil
and $nil, respectively). |
| • | Foreign exchange gain for the three months and year
ended June 30, 2026 was $0.30 million and $0.77 million, respectively (the three months and year ended June 30, 2025 - $0.39 million
and $1.41 million, respectively). |
PROJECT EXPENDITURE
The following schedule summarized the expenditure
incurred by category for each of the Company's projects for relevant periods:
| Cost |
Silver Sand |
Carangas |
Silverstrike |
Total |
| Balance, June 30, 2024 |
$ 88,977,334 |
$ 19,854,042 |
$ 4,934,555 |
$ 113,765,931 |
| Capitalized exploration expenditures |
|
|
|
|
| Reporting and assessment |
94,894 |
190,352 |
- |
285,246 |
| Drilling and assaying |
342 |
6,763 |
5,125 |
12,230 |
| Project management and support |
1,155,235 |
889,034 |
37,828 |
2,082,097 |
| Camp service |
179,873 |
295,804 |
17,033 |
492,710 |
| Permit and license |
12,606 |
47,818 |
- |
60,424 |
| Value added tax not claimed |
109,086 |
44,020 |
2,046 |
155,152 |
| Foreign currency impact |
51,499 |
26,018 |
3,058 |
80,575 |
| Balance, June 30, 2025 |
$ 90,580,869 |
$ 21,353,851 |
$ 4,999,645 |
$ 116,934,365 |
| Capitalized exploration expenditures |
|
|
|
|
| Reporting and assessment |
765 |
519,339 |
- |
520,104 |
| Drilling and assaying |
11,014 |
8,919 |
589 |
20,522 |
| Project management and support |
1,610,799 |
958,627 |
55,006 |
2,624,432 |
| Camp service |
899,749 |
154,812 |
19,458 |
1,074,019 |
| Permit and license |
6,359 |
42,203 |
- |
48,562 |
| Value added tax not claimed |
176,952 |
21,178 |
965 |
199,095 |
| Foreign currency impact |
(527,807) |
(181,714) |
(36,361) |
(745,882) |
| Balance, June 30, 2026 |
$ 92,758,700 |
$ 22,877,215 |
$ 5,039,302 |
$ 120,675,217 |
SILVER SAND PROJECT
For the three months and year ended June 30, 2026,
total expenditures of $0.80 million and $2.71 million, respectively (three months and year ended June 30, 2025 - $0.32 million and
$1.55 million, respectively) were capitalized under the project.
CARANGAS PROJECT
For the three months and year ended June 30, 2026,
total expenditures of $0.75 million and $1.71 million, respectively (the three months and year ended June 30, 2025 - $0.32 million
and $1.47 million, respectively) were capitalized under the project.
SILVERSTRIKE PROJECT
For the three months and year ended June 30, 2026,
total expenditures of $0.02 million and $0.08 million, respectively (the three months and year ended June 30, 2025 - $0.02 million
and $0.06 million, respectively) were capitalized under the project.
MANAGEMENT DISCUSSION AND ANALYSIS
This news release should be read in conjunction with
the Company's management discussion and analysis (the "MD&A") and the audited consolidated financial statements and notes
thereto for the corresponding period, which have been filed with the Canadian Securities Administrators and are available under the Company's
profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov and on the Company's website at www.newpacificmetals.com.
ABOUT NEW PACIFIC
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 Silver-Gold Project in Oruro 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".
For further information, please contact:
Peter Lekich, VP Investor Relations
New Pacific Metals Corp. Phone: (604) 633-1368 Ext. 223
1750 - 1066 Hastings Street, Vancouver, BC V6E 3X1, Canada
U.S. & Canada toll-free: 1 (877) 631-0593
E-mail: invest@newpacificmetals.com
For additional information and to receive the Company news by e-mail, please register using New Pacific's website at www.newpacificmetals.com.
CAUTIONARY NOTE REGARDING RESULTS OF PRELIMINARY
ECONOMIC ASSESSMENT
The results of the Updated Carangas PEA Technical
Report are preliminary in nature and are intended to provide an initial assessment of the Carangas Project's economic potential and development
options. The Updated Carangas PEA Technical Report mine schedule and economic assessment includes numerous assumptions and is based on
both Indicated and Inferred Mineral Resources. Inferred resources are considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the preliminary economic
assessments described herein will be achieved or that the Updated Carangas PEA Technical Report results will be realized. The estimate
of Mineral Resources may be materially affected by geology, environmental, permitting, legal, title, socio-political, marketing or other
relevant issues. Bolivia has recently experienced significant social unrest, including protests and blockades that led to a government-declared
state of emergency. The Company's projects have also previously been affected by illegal artisanal and small-scale mining activity, which
resulted in disruption to operations. Such political and social instability could adversely affect the assumptions underlying the Updated
Carangas PEA Technical Report, including anticipated permitting timelines, construction schedules, and operating costs. Mineral resources
are not Mineral Reserves and do not have demonstrated economic viability. Additional exploration will be required to potentially upgrade
the classification of the Inferred Mineral Resources to be considered in future advanced studies. The pit design for the
deeper gold zone requires mining of waste (waste stripping) on Mining Concessions in the southern portion of the planned open pit that
do not belong to the Company. These concessions include approximately 1.85% of the mineral resources that have been included in the economic
analysis for the Updated Carangas PEA Technical Report. These Concessions are held by the state of Bolivia and are not currently available
for tenure. Although the Company is actively working with the Bolivian government to obtain them, there is no certainty that such concessions
will be obtained or that a mining agreement will be entered into on acceptable terms. Failure to obtain such concessions, or to enter
into a mining agreement on them could cause the Company to reevaluate the pit design and the outcome of the Updated Carangas PEA Technical
Report. Ausenco Engineering Canada ULC ("Ausenco") (Processing Plant, Infrastructure, Tailings, Water Management, Environment,
Cost Estimate) was contracted to prepare the PEA in cooperation with SLR Canada (minerals resources), Moose Mountain Technical Services
(mining), and JJ Metallurgical Services (Metallurgy). The qualified persons for the Updated Carangas PEA Technical Report are Mr. Anderson
Candido, FAusIMM, Principal Geologist with SLR Mr. Jinxing Ji, P.Eng., Metallurgist with JJ Metallurgical Services, Mr. Kevin Murray,
P.Eng., Principle Process Engineer with Ausenco, Mr. Scott Elfen, PE, SME, and Global Technical Lead (Geotechnical) with Ausenco, Mr.
James Millard, P. Geo., Director, Strategic Projects with Ausenco, and Mr. Marc Schulte, P.Eng., Mining Engineer with Moose Mountain Technical
Services. All qualified persons for the Updated Carangas PEA Technical Report have reviewed and verified the disclosure of the Updated
Carangas PEA Technical Report herein. The mineral resource estimate contained in the Updated Carangas PEA Technical Report is based on
the Carangas MRE with an effective date of August 25, 2023, with a re-statement on March 31, 2026. Mineral Resources are
constrained by an optimized pit shell at a metal price of $41.00/oz Ag, $3,300.00/oz Au, $1.00/lb Pb, $1.30/lb Zn, $4.00/lb Cu, recovery
of 81.6% Ag, 93.4% Au, 73.4% Pb, 66.9% Zn, 38.7% Cu and Cut-off grade of 30 g/t AgEq. Assumptions made to derive a cut-off grade included
mining costs, processing costs, and recoveries were obtained from comparable industry situations.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical facts relating
to the Company, certain information contained herein constitutes "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 (collectively, "forward-looking statements"). Forward-looking statements are frequently characterized
by words such as "plan", "expect", "project", "intend", "believe", "anticipate",
"estimate", "goals", "forecast", "budget", "potential" or variations thereof and other
similar words, or statements that certain events or conditions "may", "could", "would", "might",
"will" or "can" occur. Forward-looking statements include, but are not limited to: statements regarding the Company's
financial results and the results of the Updated Carangas PEA Technical Report.
Forward-looking statements are based on a number
of estimates, assumptions, beliefs, expectations and opinions of management on the date the statements are made and are subject to a variety
of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the
forward-looking statements. These factors include fluctuating equity prices, bond prices and 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 relating 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 in the MD&A, under the heading "Risk
Factors", in the Company's most recent annual information form and its other public filings. The foregoing is not an exhaustive list
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 management, are inherently subject to significant business, economic and competitive uncertainties and
contingencies. These estimates, assumptions, beliefs, expectations and opinions include, but are not limited to, those related to the
Company's ability to carry on current and future operations, including: development and exploration activities; the timing, extent, duration
and economic viability of such operations; the accuracy and reliability 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 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 Corporación Minera
de Bolivia by the Plurinational Legislative Assembly of Bolivia; the ability of the Company's Bolivian partner to convert the exploration
licenses at the Company's Carangas project to Administrative Mining Contract; the ability of the Company to obtain national recognition
of its Carangas project's proposed "State of Necessity" designation; the ability to meet current and future obligations; the
ability to obtain 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 this 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 UNITED STATES INVESTORS
This news release has been prepared in accordance
with the requirements of the securities laws in effect in Canada which differ from the requirements of United States securities laws.
All mining terms used herein but not otherwise defined have the meanings set forth in National Instrument 43-101 - Standards of Disclosure
for Mineral Projects ("NI 43-101"). Unless otherwise indicated, the technical and scientific disclosure herein has been prepared
in accordance with NI 43-101, which differs significantly from the requirements adopted by the United States Securities and Exchange Commission.
Accordingly, information contained in this news
release containing descriptions of the Company's mineral deposits may not be comparable to similar information made public by United States
companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations
thereunder.
Additional information relating to the Company,
including the Company's annual information form, can be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at
www.sec.gov, and on the Company's website at www.newpacificmetals.com.
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SOURCE New Pacific Metals Corp.
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%CIK: 0001369085
CO: New Pacific Metals Corp.
CNW 17:00e 03-SEP-26