6-K

UNITED STATESSECURITIES AND EXCHANGE COMMISSION****Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OFTHE SECURITIES EXCHANGE ACT OF 1934

For the month of October, 2025

Commission File No. 001-40381

NEW PACIFICMETALS CORP.(Translation of registrant's name into English)

Suite 1750 - 1066 W. Hastings Street

Vancouver BC, Canada V6E 3X1

(Address of principal executive office)

[Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F]

Form 20-F [ ]  Form 40-F  [ X ]

SIGNATURE

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 INDEX

Exhibit 99.1

New Pacific Metals Closes C$40.4 Million Bought Deal Financing

VANCOUVER, BC, Oct. 21, 2025 /CNW/ - New Pacific Metals Corp. (TSX: NUAG) (NYSE American: NEWP) ("New Pacific" or the "Company") announced today that it has closed (the "Closing") the bought deal financing that was previously announced on October 14, 2025. A total of 11,385,000 common shares of the Company (the "Offered Shares") were sold under the Offering (as defined below) at a price of C$3.55 per Offered Share (the "Issue Price") for total gross proceeds of approximately C$40.42 million (the "Offering"), which includes the exercise in full by the underwriters of their over-allotment option to purchase up to an additional 1,485,000 Offered Shares at the Issue Price. The Offering was through a syndicate of underwriters (the "Underwriters"), pursuant to the terms of an underwriting agreement between the Company and the Underwriters dated October 15, 2025 (the "Underwriting Agreement").

Silvercorp Metals Inc. ("Silvercorp") participated in the Offering by subscribing for 3,083,536 Offered Shares, representing approximately C$10.95 million in gross proceeds. As of the Closing, Silvercorp owns, directly and indirectly, approximately 27.99% of the outstanding common shares of the Company (the "Common Shares"). Pan American Silver Corp. ("Pan American") participated in the Offering by subscribing for 1,263,416 Offered Shares, representing approximately C$4.49 million in gross proceeds. As of the Closing, Pan American owns, directly and indirectly, approximately 11.47% of the outstanding Common Shares. Each of Silvercorp and Pan American is a related party of the Company for the purposes of Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions ("MI61-101") and the acquisition by each of Silvercorp and Pan American of Offered Shares pursuant to the Offering was a related party transaction. The acquisition by each of Silvercorp and Pan American of Offered Shares pursuant to the Offering was exempt from the valuation and minority approval requirements of MI 61-101 pursuant to the exemptions in Sections 5.5(a) and 5.7(a) of MI 61-101.

The Offering was completed by way of a prospectus supplement (the "Prospectus Supplement") dated October 15, 2025 to the Company's short form base shelf prospectus dated October 3, 2025 (the "Base Shelf Prospectus"). Copies of the Prospectus Supplement and Base Shelf Prospectus are available under the Company's profile on the System for Electronic Data Analysis and Retrieval + ("SEDAR+") at www.sedarplus.ca.

The Company intends to use the net proceeds of the Offering for exploration and further development at the Company's Carangas project and its Silver Sand project and for working capital and general corporate purposes, as disclosed in the Prospectus Supplement.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Offered Shares issued pursuant to the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy Common Shares in any jurisdiction, nor shall there be any sale of the Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT NEW PACIFIC

New Pacific is a Canadian exploration and development company with precious metal projects in Bolivia, including the Company's flagship project, the Silver Sand Silver Project, the Company's recently discovered Carangas Silver-Gold Project and the Company's third project, the Silverstrike Silver-Gold Project.

For further information, please contact:

Jalen Yuan, Interim Chief Executive Officer

New Pacific Metals Corp.

Phone: (604) 633-1368 Ext. 236

1750-1066 Hastings Street, Vancouver, BC V6E 3X1, Canada

E-mail: invest@newpacificmetals.com

Peter Lekich, Director Investor Relations and Corporate Development

New Pacific Metals Corp.

Phone: (604) 633-1368 Ext. 223

1750-1066 Hastings Street, Vancouver, BC V6E 3X1, Canada

E-mail: plekich@newpacificmetals.com

For additional information and to receive company news by e-mail, please register using New Pacific's website at www.newpacificmetals.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

Certain of the statements and information in thisnews release constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation ReformAct of 1995 and "forward-looking information" within the meaning of applicable Canadian provincial securities laws. Any statementsor information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives,assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "is expected","anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends","strategies", "targets", "goals", "forecasts", "objectives", "budgets", "schedules","potential" or variations thereof or stating that certain actions, events or results "may", "could", "would","might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) arenot statements of historical fact and may be forward-looking statements or information. Such statements include, but are not limited to,statements regarding the expected use of net proceeds of the Offering.

Forward-looking statements or information are subjectto a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from thosereflected in the forward-looking statements or information, including, without limitation, risks relating to: the Company's ability touse the net proceeds of the Offering in the manner intended; global economic and social impact of public health crisis; fluctuating equityprices, bond prices, commodity prices; calculation of resources, reserves and mineralization, general economic conditions, foreign exchangerisks, interest rate risk, foreign investment risk; loss of key personnel; conflicts of interest; dependence on management, uncertaintiesrelating to the availability and costs of financing needed in the future, environmental risks, operations and political conditions, theregulatory environment in Bolivia and Canada, risks associated with community relations and corporate social responsibility, and otherfactors described under the heading "Risk Factors" in the Company's annual information form for the year ended June 30, 2025(the "AIF") and its other public filings. This list is not exhaustive of the factors that may affect any of the Company'sforward-looking statements or information.

The forward-looking statements are necessarilybased 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 andcontingencies. These estimates, assumptions, beliefs, expectations and opinions include, but are not limited to, the expectation thatthe Company will be able to use the net proceeds of the Offering in the manner intended, those related to the Company's ability to carryon current and future operations, including: public health crisis on our operations and workforce; 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 politicalclimate in Bolivia; the Company's ability to obtain and maintain social license at its mineral properties; the availability and cost ofinputs; 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, the Bolivian statemining corporation, by the Plurinational Legislative Assembly of Bolivia; the ability of the Company's Bolivian partner to convert theexploration licenses at the Company's Carangas project to Administrative Mining Contract; the ability of the Company to obtain a declarationfrom the Plurinational Legislative Assembly of Bolivia that the Company's Carangas project is a "State Necessity"; the abilityto meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and futuresocial, economic and political conditions; and other assumptions and factors generally associated with the mining industry.

Although the forward-looking statements containedin this news release are based upon what management believes are reasonable assumptions, there can be no assurance that actual resultswill be consistent with these forward-looking statements. All forward-looking statements in this news release are qualified by these cautionarystatements. 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 whetheras a result of new information, future events or otherwise except as may be required by law. These forward-looking statements are madeas of the date of this news release.

CAUTIONARY NOTE TO US INVESTORS

This news release has been prepared in accordancewith 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 ofDisclosure for Mineral Projects ("NI 43-101") and the standards adopted by the Canadian Institute of Mining, Metallurgyand Petroleum (the "CIM") – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by theCIM Council, as amended. Unless otherwise indicated, the technical and scientific disclosure herein has been prepared in accordance withNI 43-101, which differs significantly from the requirements adopted by the United States Securities and Exchange Commission.

Accordingly, information contained in this newsrelease containing descriptions of the Company's mineral deposits may not be comparable to similar information made public by U.S. companiessubject 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 AIF, can be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca, on EDGAR at www.sec.gov, and on the Company'swebsite 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 08:54e 21-OCT-25