New Pacific Metals Corp. (NYSE American: NEWP) (TSX: NUAG) Looks Forward to Bolivia Presidential Runoff, Hoping for Increased Foreign Investment Support
Bolivia heads into an October presidential runoff, signaling a possible shift toward more pro-business policies, with the end of MAS’s political dominance hopefully reducing barriers to foreign investment, including in the mining sector. Bolivia has the world’s largest lithium reserves and is the fourth-largest silver producer, yet much of the country’s mineral-rich territory remains unexplored due to languid government support. New Pacific Metals owns two of the world’s largest undeveloped silver projects: Silver Sand and Carangas. Rising global silver demand, particularly from the solar industry, adds urgency to new project development. Running a mining company in Bolivia has long meant…