New Pacific Metals Corp. shares rise 1.29% premarket after NioCorp's $45 million offering and Q2 Metals' exploration target.

New Pacific Metals Corp. rose 1.29% in premarket trading. The company's stock price increase may be attributed to the recent news events in the metals industry. NioCorp Developments Ltd. announced the closing of a public offering, raising approximately $45.0 million for working capital and general corporate purposes, including advancing the Elk Creek Project. Additionally, Domestic Metals Corp. announced a non-brokered private placement, expecting to receive CAD 3 million in funding. These events may have positively influenced investor sentiment towards New Pacific Metals Corp.