$PMET.TO

PMET Completes Concept Study Identifying Potential Refining Pathway at Shaakichiuwaanaan Project

PMET Resources Inc. (PMET.TO), which rose near 5% last Friday, has completed a concept study evaluating future potential to process spodumene concentrate into a value-added lithium product at the Shaakichiuwaanaan project in Quebec, the company said overnight Sunday.This offers further opportunities to reduce logistics intensity over time and aligns with Canada's and Quebec's objectives for the domestic processing of critical minerals, it added.Among highlights, PMET noted that following a structured review of seven processing flowsheet options, the study identified Primero's subsidiary proprietary ALi atmospheric leach process as the preferred value-added pathway for further study. Patriot cited the process's overall economic potential, strong logistics efficiency benefits and technical risk profile, as well as its alignment with the company's sustainability objectives.PMET said bench scale test work on Shaakichiuwaanaan spodumene concentrate samples has been undertaken using the ALi process, producing a 99.8% Li2CO3 battery-grade lithium carbonate. "If combined with the use of electric calcination through Quebec's low-cost renewable energy, on-site value added processing may reduce carbon intensity and improve efficiencies within the battery materials supply chain," it added.Future work is expected to determine how to capture further economic benefits of value-added products at site including potential introduction of electrical calcination technology to leverage the full potential of Quebec's renewable and low-cost hydroelectric power, the company said.

PMET Resources Says Received Letter Of Interest From Societe Generale For Shaakichiuwaanaan Project Financing

PMET RESOURCES INC. (PMET.TO) has received a non-binding Letter of Interest from Societe Generale, an international corporate and investment bank, in relation to potential project financing for the Phase 1 development of the company's 100%-owned Shaakichiuwaanaan Project, located in the Eeyou Istchee James Bay region of Quebec, Canada, it said Wednesday.Under the LOI, SG has expressed interest in participating as a Mandated Lead Arranger for potential debt financing package, Wednesday's statement noted.The LOI represents another important step in advancing PMET's long-term financing strategy and aligns with PMET's objective to assemble a high-quality syndicate of internationally recognized mining project finance lenders and Export Credit Agencies, the company said. This builds on the recently announced support and engagement from EDC, KfW IPEX-Bank and an additional major Canadian financial institution, it added.The LOI is intended to facilitate lender due diligence, including technical, environmental and commercial reviews, as PMET advances toward completion of its updated Feasibility Study targeted for calendar Q4 2026, the statement said.Natacha Garoute, CFO, added: "Societe Generale brings extensive global mining project finance expertise, including meaningful experience financing Quebec-based mining assets. Their interest further reinforces the quality, scale and strategic importance of the Shaakichiuwaanaan Project. We look forward to working closely with the SG team as we progress lender due diligence and continue building a robust financing syndicate to support the development of Phase 1."Shares in PMET were down $0.06 or 0.8% to $7.28 in Canada yesterday.

PMET Resources Says Received Letter Of Interest From Societe Generale For Shaakichiuwaanaan Project Financing

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

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.

PMET Says Its Premier James Bay, Quebec Geology Delivers Further Exploration Success Surface Samples at its Pontois, Shaakichiuwaanaan, and Pontax Properties

PMET Updates On New High-grade Lithium, Caesium, and Tantalum Pegmatite Discoveries in Surface Exploration Works

PMET Resources Starts 2026 Summer-Fall Drilling Campaign at Shaakichiuwaanaan Property

PMET Resources (PMET.TO) has commenced its 2026 summer-fall drilling campaign at the Shaakichiuwaanaan property in Quebec, the company said on Thursday.The exploration campaign comprises about 45,000 meters of drilling, while the Shaakichiuwaanaan Camp has reopened ahead of schedule, with critical restart activities completed and exploration teams remobilizing to site, it added.PMET noted drilling will focus on exploration, geotechnical, hydrogeological and geological data collection to support the company's ongoing exploration and development work streams.Exploration and resource development initiatives are expected to include step out and infill drilling at the CV13 Pegmatite and follow up drilling across the "highly prospective" CV5 - CV4 corridor, building on the strong 2025 results at CV4."The 2026 summer-fall drill campaign is designed to further test and expand known exploration targets, while supporting the next phase of technical de-risking at Shaakichiuwaanaan as we advance CV5 and CV13 towards production," said PMET Executive Vice President for Exploration Darren Smith.Shares in PMET are unchanged at $6.58 today.Price: $6.55, Change: $-0.03, Percent Change: -0.46%

PMET Resources Receives Letter of Support From Canada and Germany for its Shaakichiuwaanaan Lithium Project

PMET Resources (PMET.TO) on Tuesday said it received non-binding commitments from Canada and a German bank for financial support to develop its Shaakichiuwaanaan lithium project in northern Quebec.The company said it received letters of support from Canada's Export Development Bank and Germany's KfW IPEX-Bank ahead of an updated feasibility study for the project, expected by year end."These letters of support represent an encouraging step in establishing early institutional alignment around the project as we position Shaakichiuwaanaan for broader project financing. We look forward to continuing to work constructively with these institutions alongside our broader financing and strategic engagement activities," chief financial officer Natacha Garoute said in a release.PMET said the letters of support from the two institutions will be followed by due diligence, reviews and financing discussions as it looks to confirm financing for the project, which would develop one of the world's largest lithium deposit along with a significant tantalum and caesium resource."Shaakichiuwaanaan continues to stand out as one of the most strategically positioned critical mineral projects globally, underpinned by its scale, premier jurisdiction, infrastructure advantages and multi-commodity critical minerals potential," chief executive Ken Brinsden said.The company said it also received an additional letter of support from an unnamed Canadian financial institution that has launched a preliminary assessment of the project ahead of an investment decision.PMET shares closed down $0.55 to $6.78 Friday on the Toronto Stock Exchange.

PMET Resources Says Received Government-Backed Letters of Support for Shaakichiuwaanaan Financing

PMET Resources Submits Shaakichiuwaanaan ESIA; Federal Filing Deemed Complete, Studies On Track

PMET Resources (PMET.TO) after the close Monday said the Environmental and Social Impact Assessment (ESIA) for its Shaakichiuwaanaan Project in northern Quebec was submitted to federal and provincial authorities on March 31, with the federal filing deemed complete by the Impact Assessment Agency of Canada, expecting a public consultation period that runs through May 28.The provincial submission is progressing under the COMEV/COMEX review process, the company said.It added an updated feasibility study for the CV5 lithium-tantalum deposit, along with a preliminary economic assessment for the broader CV5 and CV13 lithium-caesium-tantalum project, remains on track for completion in the fourth quarter.A bulk sample application of about 50,000 tonnes is under review, with feedback expected in the second quarter, while project engineering continues to advance toward shovel-ready status by year-end, PMET said.Separately, the company said it submitted a power application to Hydro-Quebec, noting that the La Grande 4 substation, located about 45 kilometers from the project, could serve as a low-cost renewable power source.Ken Brinsden, president and managing director, said, "In just roughly four years since the first drill hole at CV5 in November 2021, we've delivered the lithium-only Feasibility Study and submitted the final ESIA documentation for mine authorization - a testament to the quality of the asset and the team behind it. But it does not stop there, as we continue to progress the Project's critical path through to FID."The Shaakichiuwaanaan property hosts one of the largest pegmatite Mineral Resources and Mineral Reserves in the world, according to the company.The company's shares closed up $0.01 to $6.12 on the Toronto Stock Exchange.

PMET Advancing Flagship Shaakichiuwaanaan Project Towards Next Development Tier

Patriot Battery Metals Produces High-Recovery, High-Grade Spodumene Concentrate from CV5 Pegmatite

Patriot Battery Metals (PMET.TO) has successfully produced high-recovery and high-grade spodumene concentrate from the CV5 Pegmatite at the Shaakichiuwaanaan property in Quebec, the company said late on Sunday.The company produced 4.47 tonnes of high-grade 6.09% lithium oxide spodumene concentrate at a low iron content of 0.58% and a high recovery of 89.0% from the CV5 Pegmatite using a Dense Media Separation pilot plant.The program termed "ApplePick" utilized multiple large, angular, mineralized boulders situated immediately down-ice of the principal CV5 outcrop, which were crushed on-site and shipped to SGS (Lakefield) as high head-grade feed for processing in a DMS pilot plant.The concentrate produced further demonstrates the potential for the company's proposed DMS only processing pathway for Shaakichiuwaanaan, the company said.The approach allowed for the rapid and cost-effective generation of spodumene concentrate on a larger scale, without drilling.DMS tailings streams from the pilot also generated feed material for a feasibility-level tantalum recovery program currently underway.Given the success of the ApplePick program, the company intends to launch the "BerryPick" program targeting surface pollucite samples for larger scale pilot testwork and concentrate sample preparation.

OR Royalties Sells Stake in Osisko Metals for US$34.8 Million

OR Royalties (OR.TO) has sold its entire remaining non-core equity position in Osisko Metals (OM.TO), generating US$34.8 million in proceeds, Osisko Gold Royalties said Thursday.Osisko Gold Royalties also provided an update on its portfolio. The expanded and accelerated mine plan at Alamos Gold's (AGI.TO) Island Gold District in Canada is expected to transition a greater proportion of production from OR Royalties' current 1.38% net smelter return royalty (NSR) coverage to OR Royalties' 2.0% and 3.0% NSR royalty boundaries.Benz Mining (BZ.V) is conducting a 250,000 meter drill program at the Glenburgh gold project in Western Australia. OR Royalties holds a 1.08% gross revenue royalty on Glenburgh.Talisker Reosurces (TSK.TO) closed a C$52.1 million bought-deal financing in March as it expanded a 2026 diamond drill program at the Bralorne mine in British Columbia to 105,000 meters from 30,000 m. OR Royalties holds a 1.7% NSR royalty on Bralorne.PMET Resources (PMET.TO) has submitted an environmental and social impact assessment for the Shaakichiuwaanaan project in Quebec. OR Royalties's interests in the project includes a sliding-scale 1.5-3.5% NSR royalty on precious metals and 2.0% on lithium and other products.OceanaGold (OGC.TO) reported high-grade drill results from the Wharekirauponga project in New Zealand, including 14.9 meters at 16.3 grams per tonne gold. OR Royalties owns a 2.0% NSR royalty on the project.

Patriot Battery Metals Begins Strategic Caesium Study With Koch Technology Solutions in Quebec

Patriot Battery Metals (PMET.TO) after trade Wednesday said it is starting a strategic testwork program with Koch Technology Solutions (KTS), a division of Koch Inc.The company said the program will evaluate advanced processing methods to produce caesium chemicals from pollucite concentrates at its Shaakichiuwaanaan Project in Quebec's James Bay region.The testwork is expected to run for about the next four months and will use KTS's expertise in developing and commercializing extraction technologies for critical minerals to produce value-added caesium chemical products, the company added."Through this program, PMET furthers its exposure to the significance of critical minerals in the key U.S. market, providing us with an opportunity to capture substantially greater value from this rare and strategically important discovery by working alongside a US industry participant," Chief Executive Ken Brinsden said.The company's shares closed up $0.22 to $5.46 on the Toronto Stock Exchange.