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ASX:PMT

11 stories mentioning ASX:PMT

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Asia

PMET Resources' Concept Study on Battery-Grade Lithium Carbonate Could Yield Several Benefits for Canada Project, Euroz Hartleys Says

PMET Resources' (ASX:PMT) concept study gauging the ability to produce battery-grade lithium carbonate from ores sourced from the Shaakichiuwaanaan project in Canada has the potential to provide several benefits, Euroz Hartleys said in a Monday note.The first and main benefit is the potential to reduce logistics costs linked to transporting 5.5% lithium oxide spodumene concentrate over 800 kilometers to the Matagami transport hub and the roughly 1,000 kilometers rail route to the shipping port, the equity research firm said."Another potential economic benefit could be higher lithia values and a broadened customer base, where PMET could have the opportunity to capture the uplift from a refined product, compared to selling concentrate to refiners," the investment firm said.It added that the potential to produce a battery-grade product warrants further flowsheet investigation, and the deployment of the process at pilot-scale would be needed.Current oil prices will support electric vehicle penetration rates globally, and the Middle East conflict "has only strengthened the already strong tailwinds in the lithium sector," Euroz Hartleys said.It maintained a speculative buy recommendation on PMET Resources with a price target of AU$0.95 per share.The company's shares gained 8% in recent Monday trade.

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Asia

NRW Says PMET Resources Finds ALi Process as Preferred 'Value-Added' Pathway for Further Study; Shares Up 4%

NRW (ASX:NWH) said PMET Resources' (ASX:PMT) review of seven processing flowsheet options to produce a lithium product found that the ALi atmospheric leach process is the preferred "value-added" pathway for further study, according to a Monday filing with the Australian bourse.The ALi atmospheric leach process is developed by the company's Primero Group subsidiary, the filing said.Talks on commercialization of the process are ongoing with several global investment banks, per the filing.NRW shares rose nearly 4% in midday trade on Monday, while PMET Resources shares were up 7%.

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Asia

Update: Pmet Resources Shares Fall After Securing Non-Binding LOI From Societe Generale for Canada Project Financing

(Updates to add stock movement in the first paragraph)Pmet Resources (ASX:PMT) shares rose marginally in recent trading on Thursday after the company said late Wednesday it received a non-binding letter of interest (LOI) from Societe Generale for a potential project financing for the phase one development of its Shaakichiuwaanaan Project in Quebec.The bank is eyeing a role as mandated lead arranger for a prospective debt package, Pmet Resources said in a statement.The LOI supports ongoing efforts to form a syndicate of major international lenders and export credit agencies, building on recent engagement from Export Development Canada, KfW IPEX-Bank, and another Canadian financial institution.The company said the LOI permits further due diligence as it advances toward its updated feasibility study targeted for the fourth quarter, but is subject to full due diligence, internal approvals, and definitive documentation.

ASX:PMT
Asia

Pmet Resources Secures Non-Binding LOI From Societe Generale for Canada Project Financing

Pmet Resources (ASX:PMT) said late Wednesday it received a non-binding letter of interest (LOI) from Societe Generale for a potential project financing for the phase one development of its Shaakichiuwaanaan Project in Quebec.The bank is eyeing a role as mandated lead arranger for a prospective debt package, Pmet Resources said in a statement.The LOI supports ongoing efforts to form a syndicate of major international lenders and export credit agencies, building on recent engagement from Export Development Canada, KfW IPEX-Bank, and another Canadian financial institution.The company said the LOI permits further due diligence as it advances toward its updated feasibility study targeted for the fourth quarter, but is subject to full due diligence, internal approvals, and definitive documentation.

ASX:PMT
Asia

PMET Resources' Quebec Portfolio Surface Exploration Encounters Lithium-Caesium-Tantalum Pegmatite Discoveries

PMET Resources (ASX:PMT) encountered multiple new lithium-caesium-tantalum pegmatite discoveries at its broader portfolio of properties in Quebec, Pikwa, Pontois, Pontax, and particularly Shaakichiuwaanaan, according to a Wednesday Australian bourse filing.A high-grade caesium pegmatite discovery, Cosma, is located around 22 kilometers west of the CV5 pegmatite deposit at Shaakichiuwaanaan, with an outcrop grab assay of 9.4% grade of caesium oxide and 267 parts per million (ppm) grade of tantalum pentoxide, as well as a channel assay of 4.4 meters at nearly 4% grade of caesium oxide and 609 ppm grade of tantalum pentoxide.A spodumene pegmatite discovery, Felix, is located near Shaakichiuwaanaan, with outcrop assays including 1.8% grade of lithium oxide and 1.2% grade of lithium oxide. Another spodumene pegmatite discovery, Skald, is located at the Pontois property, with an outcrop assay of 2.9% grade of lithium oxide.A new caesium pegmatite discovery, Overload, is located at the Pontax property, with an outcrop assay of 7.5% grade of caesium oxide and 3,768 ppm grade of tantalum pentoxide, per the filing.

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Asia

PMET Resources Launches Drilling Campaign at Canada Project

PMET Resources (ASX:PMT) launched its 2026 summer-fall drilling campaign at the Shaakichiuwaanaan property in Canada, targeting about 45,000 meters of drilling, according to a filing on the Australian bourse.The drilling will focus on exploration and data collection to support the company's upcoming study, permitting, and development milestones.The company said it expects to complete the program by October using between four and eight drill rigs.

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Asia

PMET Resources Receives Nonbinding Letters of Support for Potential Financing of Canada Project

PMET Resources (ASX:PMT) received preliminary, nonbinding letters of support from Export Development Canada, Germany's KfW IPEX-Bank, and a major Canadian government financial institution regarding potential financing support for the development and construction of its Shaakichiuwaanaan project in Quebec, Canada, according to a Wednesday Australian bourse filing.The letters are meant to support the advancement of lender due diligence, technical review, and broader financing discussions.Volkswagen Finance Luxemburg confirmed that it obtained its final internal approvals for its participation in the February equity raise for around CA$12 million for a price of CA$5.66 per share. The separate private placement is expected to close on or about Thursday, and Volkswagen will receive an additional 2 million common shares of the firm. After the placement, Volkswagen will hold an ownership interest in PMET of around 9.553%.

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Asia

PMET Resources Advances Canada Project Permitting, Feasibility Study

PMET Resources (ASX:PMT) said its Environmental and Social Impact Assessment (ESIA) for the Shaakichiuwaanaan project in Canada was submitted to federal and provincial authorities on March 31, with the federal ESIA deemed complete by the Impact Assessment Agency of Canada (IAAC), according to a Tuesday Australian bourse filing.The first statutory public consultation period is now underway, closing May 28, the filing added.The company said an updated CV5 lithium-tantalum feasibility study and a parallel lithium-caesium-tantalum preliminary economic assessment (PEA) and scoping study on the broader project are on track, targeting completion in the fourth quarter, the filing added.The company added that a CV5 bulk sample application of about 50,000 tonnes is under review with feedback expected from COMEX in the second quarter, with project engineering continuing to advance toward shovel-ready status by the end of the year, while a Hydro Quebec power application has been submitted with assessment in progress.

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Asia

Pmet Resources Produces High-Grade Low-Iron Spodumene Concentrate at Canada Property

Pmet Resources (ASX:PMT) produced around 4.5 tonnes of 6.1% grade of lithium oxide spodumene concentrate at low iron levels from the CV5 pegmatite using a dense media separation-only pilot plant at its wholly-owned Shaakichiuwaanaan property, according to a Monday Australian bourse filing.The test work provided a data point for assessing lithium recovery from high-grade feed, and it is expected to advance offtake discussions and downstream processing initiatives, per the filing.The tailings streams from the pilot plant generated "significant" quantities of feed material for the feasibility-level tantalum recovery program, the filing said.The company's shares rose nearly 2% in recent trading on Monday.

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Asia

Pmet Resources' Collaboration With Koch Technology Important Step in Raising Stake of Value in Cesium Supply Chain, Euroz Hartleys Says

Pmet Resources' (ASX:PMT) collaboration with Koch Technology Solutions, a division of Koch, is an important step for Pmet to increase its share of the value in the cesium supply chain beyond just selling concentrate, Euroz Hartleys said in a Thursday note.Pmet launched a strategic test work program with Koch Technology to evaluate advanced processing methods for producing high-value cesium chemicals from pollucite concentrates at its Shaakichiuwaanaan project in Canada.Cesium is highly concentrated, therefore any new supply is highly strategic and can be leveraged. The combination of scale, grade and co-product potential, including cesium and tantalum, continues to support the project's potential for low-cost operations over time.The investment firm maintained its speculative buy recommendation and AU$0.95 price target on Pmet Resources, with the price target placed under review.Pmet Resources' shares were up nearly 1% in recent Friday trade.

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Asia

Pmet Resources Partners With Koch Technology Solutions to Advance Cesium Chemical Production at Canada Project

Pmet Resources (ASX:PMT) launched a strategic test work program with Koch Technology Solutions, a division of Koch, to evaluate advanced processing methods for producing high-value cesium chemicals from pollucite concentrates at its Shaakichiuwaanaan Project in Quebec, Canada, according to a Thursday statement from the company.The company said the project contains one of the world's largest known in-situ pollucite-hosted cesium resources, particularly at the CV13 pegmatite, where high-grade mineralization remains open and extensive.The upcoming four-month program will focus on developing practical processing methods for cesium compounds using Koch's expertise in critical minerals technologies, with potential applications in oil and gas, catalysts, pharmaceuticals, and advanced solar panels.The company said it will continue exploration at the CV13 pegmatite under the drill campaign, with an updated cesium resource estimate expected in the second half of the year.

ASX:PMT