PMET Resources Secures Significant Investment from Volkswagen Group for Expansion Plans

On December 19, 2025, PMET Resources Inc., based in Sydney, Australia, announced a major investment from its largest strategic investor, Volkswagen Finance Luxemburg S.A. This move signifies Volkswagen's commitment to supporting PMET's growth, as the company subscribes to 89,125 fully paid common shares at an issue price of $4.03 per share. This deal will provide PMET with gross proceeds of approximately $359,000, which is earmarked for general corporate purposes.

The investment follows a previous share issuance by PMET to Azimut Exploration Inc. and SOQUEM Inc. at a deemed issue price of $3.68 per share connected to the recent Pikwa acquisition. The Toronto Stock Exchange conditionally approved the issuance of the new shares, indicating a favorable reception in the financial market.

PMET Resources is a pioneering exploration and development company focused on critical minerals, particularly lithium. The company is advancing its wholly-owned Shaakichiuwaanaan Property located in Eeyou Istchee, James Bay in Quebec, Canada. This property is strategically positioned to benefit from existing infrastructure, including all-season road access and proximity to hydro-power resources.

In late 2025, PMET disclosed a positive lithium-only feasibility study concerning the CV5 Pegmatite, revealing a maiden mineral reserve of 84.3 million tons at 1.26% Li2O (Probable). This study outlines the potential for a competitive and globally significant high-grade lithium project, targeting up to approximately 800,000 tons per annum of spodumene concentrate with a simple Dense Media Separation process. The feasibility study emphasizes the project's capacity to position Shaakichiuwaanaan as a leading critical minerals source in North America, with considerable prospects for additional minerals such as tantalum and caesium.

The announcement of this investment underscores the growing significance of strategic partnerships in the renewable energy sector, as car manufacturers like Volkswagen seek to secure reliable sources of lithium for battery production in electric vehicles. Volkswagen's investment marks a strategic collaboration that aligns with the increasing demand for sustainable energy solutions and the burgeoning electric vehicle market.

As part of their ongoing commitment to transparency and investor relations, PMET encourages stakeholders to stay updated on future exploration data and corporate developments through their website and available filings. The company's proactive approach in engaging with financial markets demonstrates its commitment to advancing its capital structure while enhancing opportunities for growth and development within the critical minerals sector.

In conclusion, the partnership with Volkswagen not only strengthens PMET's financial position but also advances its mission to become a key player in the lithium supply chain, catering to the increasing global demand for electric vehicles and renewable energy technologies. Stakeholders can expect further updates as PMET continues its exploration and development journey.