#Canada #Lithium Project #Quebec #PMET Resources #Shaakichiuwaanaan CV5

PMET Resources Submits ESIA for Shaakichiuwaanaan CV5 Lithium Project

On April 1, 2026, PMET Resources Inc. (PMET) officially submitted its Environmental and Social Impact Assessment (ESIA) for the highly anticipated Shaakichiuwaanaan CV5 Lithium Project to both provincial and federal governments in Canada. This submission signifies a major achievement in the permitting process and is pivotal for the project's progression.

The Importance of the ESIA Submission

The ESIA is a comprehensive document essential for assessing the environmental and social implications of the Shaakichiuwaanaan project. The rigorous study has been conducted over a span of four years and includes extensive data collection and consultations with the Cree Nation as well as other local stakeholders. This approach underscores PMET's commitment to engaging with and respecting the communities affected by their operations.

Comprehensive Analysis Provided in the ESIA

The ESIA entails a detailed multidisciplinary analysis covering various aspects:

• - Environmental Baseline Studies: Evaluating air quality, water resources, terrestrial and aquatic ecosystems, and geological conditions.
• - Indigenous Consultation: Documenting the dialogue with the Cree Nation, focusing on cultural heritage and traditional land usage.
• - Socioeconomic Assessments: Assessing the potential impacts on local employment, community infrastructure, and overall supply chain benefits.
• - Cumulative Effects Assessment: Analyzing combined impacts along with other regional projects.
• - Mitigation and Management Strategies: Outlining approaches to minimize both environmental and social impacts during the development phase.

Moreover, climate resilience and greenhouse gas emission accounting are integrated into the ESIA, emphasizing PMET’s commitment to sustainable and responsible mining practices.

Statements from Company Leadership

Grace Barrasso, PMET’s EVP of ESG and Corporate Affairs, highlighted that the ESIA submission is the result of thorough scientific fieldwork and valuable community dialogue. She expressed the company's ambition to make Shaakichiuwaanaan a model for sustainable mineral extraction in North America. This project aims to balance mineral development with the preservation of the environmental and cultural values intrinsic to the Eeyou Istchee region.

Ken Brinsden, the CEO and President of PMET, echoed this sentiment, celebrating the impressive transition from the discovery phase to formal regulatory submissions in a relatively short time frame. He acknowledged the hard work and dedication of the entire PMET team and external advisors in reaching this milestone, indicating a strong foundation for future engagement with the Cree Nation and regulators as the project evolves.

Next Steps in the Process

With the ESIA now submitted, a public review period will soon be initiated by the federal government. This period will allow for feedback from communities, regulatory bodies, and stakeholders involved in the project. Interested parties can access the report via the Canadian Impact Assessment Registry online.

Moving forward, PMET is dedicated to facilitating a transparent approval process while maintaining partnerships with the Cree Nation and other levels of government. The development of the Shaakichiuwaanaan Lithium Project promises not only to enhance local economic opportunities but also aims to contribute meaningfully to the global transition towards clean energy. PMET Resources continues to solidify its position within the critical mineral sector, proving its potential as a significant player in lithium production, with aspirations of becoming a major North American powerhouse for critical minerals.

About PMET Resources Inc.

PMET Resources Inc. is focused on advancing its substantial lithium exploration at the Shaakichiuwaanaan property located in the Eeyou Istchee region of James Bay, Quebec. The property is not only strategically accessible year-round via all-season roads, but it is also close to essential hydro-power infrastructure, facilitating efficient project development. Following a successful feasibility study, which was published in late 2025, PMET has established a maiden Mineral Reserve and is poised for a strategic future in lithium extraction while ensuring environmentally and socially responsible practices.