PMET Resources Releases Technical Report on Shaakichiuwaanaan Lithium Project Feasibility Study

On November 15, 2025, PMET Resources Inc. filed a significant technical report regarding its lithium project, specifically focusing on the CV5 Pegmatite feasibility study located in the Shaakichiuwaanaan area. This report is in compliance with National Instrument 43-101 (NI 43-101), which ensures transparency and adherence to industry standards for mineral disclosures.

The document, titled "CV5 Pegmatite Lithium-Only Feasibility Study NI 43-101 Technical Report – Shaakichiuwaanaan Project," was officially dated November 14, 2025, and is pivotal in sharing the results of the company's positive feasibility study, which outlines the potential for a large—scale mining operation at this site. Previously, on October 20, 2025, PMET had shared encouraging findings regarding lithium extraction capabilities, and the report marks a critical step in their development strategy.

Prepared by G Mining Services Inc., the report received insights and contributions from multiple independent consulting firms, including Primero Group Americas Inc., AtkinsRéalis Group Inc., and others, ensuring a comprehensive approach to evaluating the project's feasibility. PMET Resources emphasizes that all stakeholders and potential investors should review the entire technical report, considering its full context, including qualifications, assumptions, and potential risks related to mineral resources, reserves, and the planned operational lifecycle.

Overview of the Shaakichiuwaanaan Project

PMET Resources Inc. is dedicated to exploring and developing critical minerals. Their Shaakichiuwaanaan project, located in Quebec's Eeyou Istchee James Bay region, is notable not only for its annual accessibility via an all-season road but also for its proximity to essential regional hydro-power resources.

The feasibility study indicates significant prospects for high-grade lithium extraction, identifying a maiden probable mineral reserve of 84.3 million tonnes at an impressive grade of 1.26% Li2O. The project's viability is particularly promising, as it targets the extraction of nearly 800 kilotonnes per annum of spodumene concentrate using a straightforward Dense Media Separation (DMS) process flow sheet.

Apart from lithium, the study has revealed the project’s potential to serve as a critical mineral source not only for North America but possibly for global markets, highlighting opportunities for both tantalum and cesium alongside lithium, further emphasizing the project's strategic importance.

As a reflection of its significance, the Shaakichiuwaanaan project's mineral resource has been dubbed the largest lithium pegmatite resource in the Americas and is ranked amongst the top ten globally. It is essential to note that during project exploration, the report highlighted a consolidated mineral resource totaling 108.0 million tonnes with an average grade of 1.40% Li2O and additional notable grades of tantalum and cesium in the inferred estimates. This showcases the comprehensive nature of their exploration efforts and resource potential.

Future Prospects and Contributions

Continuing from the positive results showcased in this technical report, PMET Resources is poised for a promising future in the critical mineral space. As global demand for lithium grows – fueled by the transition to electric vehicles and renewable energy technologies – the Shaakichiuwaanaan Project could play an increasingly vital role in supplying this essential mineral. Furthermore, the acknowledgment of other valuable resources found on-site adds to the strategic positioning of the project for sustainable mining operations.

Investors and stakeholders interested in PMET Resources are encouraged to visit their official website for further insights and access to the full technical report, along with additional exploration data and ongoing developments. The company's commitment to transparency in its operations and rigorous exploration standards places it in a strong position as it navigates the evolving landscape of the critical minerals market.

In summary, the release of this technical report marks a milestone for PMET Resources and indicates a promising trajectory for the Shaakichiuwaanaan Project as they continue to explore and develop important resources for future economic growth.