PMET Announces Non-Binding Letter of Intent with Cree Nation for Collaborative Engagement

PMET's Engagement with the Cree Nation of Chisasibi

On July 23, 2026, PMET Resources Inc. signed a significant non-binding Letter of Intent (LOI) with the Cree Nation of Chisasibi, aimed at fostering a structured approach for mutual dialogue and collaboration regarding the Shaakichiuwaanaan Project. This project, located in the traditional territory of the Cree Nation in the Eeyou Istchee James Bay region of Quebec, represents an important initiative in critical mineral exploration.

Understanding the LOI

The LOI’s primary goal is to establish a robust framework that facilitates information sharing, discussions, and the engagement process between PMET and the Cree Nation. Importantly, while this document lays the groundwork for collaboration, it does not imply consent or endorsement for the Shaakichiuwaanaan Project itself. During this Engagement and Assessment Period, both parties are committed to maintaining an open and respectful working relationship, allowing them to exchange ideas, address concerns, and explore the potential benefits and risks associated with the project.

Echoing this sentiment, Ken Brinsden, PMET's CEO, emphasized the importance of ongoing engagement. He noted that prior to this LOI, the company had been involved with the Chisasibi community regarding exploration activities, which included consulting local members and promoting employment opportunities within the community. In fact, in 2025, nearly 25% of the workforce at the site consisted of Cree individuals, showcasing PMET's commitment to local employment practices and engagement.

Collaborative Opportunities

Under the newly signed LOI, PMET and the Cree Nation plan to create working groups focused on various topics crucial to both parties, such as training, employment, local economic development, and environmental matters. These working groups are intended to facilitate specialized discussions that will provide recommendations without binding commitments from either party. The intent is to build a foundational understanding and develop strategies that support community interests and capacity considerations.

As part of this collaborative effort, both PMET and the Cree Nation intend to maintain transparency and uphold the principles of good faith throughout their interactions. This involves communication that respects Cree governance structures and ensures community perspectives are valued and taken into account as discussions progress. The LOI specifies that an ongoing dialogue will help identify key areas of mutual interest, allowing for a comprehensive analysis of any questions or concerns that may arise.

Next Steps

Moving forward, potential next steps under the LOI include the formation of these working groups, with both sides having the autonomy to determine participation and topic focus. This approach will not only enhance information exchange but also lead to a better understanding of the implications of the Shaakichiuwaanaan Project, thus assisting the Cree Nation with its independent assessment of whether further engagement is warranted.

PMET acknowledges and appreciates the openness and hospitality extended by the Cree Nation of Chisasibi during prior meetings. This new phase of engagement signifies a commitment to respectful and constructive dialogue, which is essential for aligning interests and ensuring the community's needs are adequately addressed throughout the project's development.

About PMET Resources Inc.

Founded as a critical mineral exploration company, PMET Resources Inc. is advancing the development of its 100%-owned Shaakichiuwaanaan Property. The company continues to drive exploration efforts, particularly in lithium and other associated minerals, with the site showcasing significant resources that position it as a key player in the North American critical minerals landscape. The firm is dedicated to fostering responsible and sustainable mining practices that benefit both its operations and the communities involved.

For further inquiries, PMET encourages stakeholders to visit their website or contact their investor relations team directly. As this exciting new partnership unfolds, both PMET and the Cree Nation are optimistic about their collaborative journey ahead.