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PMET Resources Discovers New High-grade Lithium, Caesium, and Tantalum Pegmatite in Surface Exploration Works

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PMET Resources (PMET.TO) discovers multiple new Li-Cs-Ta (LCT) pegmatite at its flagship Shaakichiuwaanaan Property, as well as at its broader portfolio of properties, Pikwa, Pontois, and Pontax, all located in Eeyou Istchee James Bay, Quebec, it said on Tuesday.

The Cosma, Felix, and Drakkar Li-Cs-Ta (LCT) pegmatite clusters extend the prospective Mickel Trend to about 10.5 kilometers in length, from CV9 to Drakkar, with only about 450-meters of strike drill tested at CV9.

"The discovery of a new caesium-rich LCT pegmatite occurrence (Cosma), located along the highly prospective Mickel Trend - which also hosts the CV9, CV10, CV14, and CV15 pegmatites - supports the presence of a large, highly-evolved, and fertile LCT pegmatite system within the western area of the Property, which has seen only limited drill testing to date," said PMET Resources Executive Vice President Exploration Darren L. Smith. "Additionally, the presence of well-mineralized LCT pegmatites at Pikwa, Pontois, and Pontax demonstrates the strength and prospectivity of the Company's broader portfolio of properties."

The company is currently planning follow-up surface work in 2026 at its Shaakichiuwaanaan, Pikwa, and Eastmain properties, and is evaluating options for the next stage of exploration at Pontax.

Shares of the company closed up 3.7% to $7.34 on Monday on the Toronto Stock Exchange.

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