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PMET Resources Inc. reports developments tied to the Shaakichiuwaanaan CV5 Lithium Project and related critical-minerals work in lithium, caesium and tantalum. Company news commonly covers drill results from pegmatite zones including CV5, CV13, Vega, Rigel and Helios; feasibility and geological-model updates; and metallurgical test work for spodumene concentrate using dense media separation.
Recurring updates also include permitting and environmental assessment activity for Shaakichiuwaanaan, engagement around caesium chemical processing pathways, strategic investor share issuances and other corporate matters connected to project development and financing.
PMET Resources (PMETF) reports progress on its BerryPick program, having collected more than 2.5 tonnes of pollucite pegmatite from outcrop at the Vega Caesium Zone within the CV13 pegmatite.
The material is being obtained using very large diameter shallow core (~30 cm, <60 cm deep) on a grid, providing large fragments needed for advanced ore sorting and feasibility-level testwork while avoiding costlier blasting or PQ coring. The company aims to generate 500–1,000 kg of pollucite concentrate for development testwork and downstream caesium chemical studies, including potential future programs with Koch Technology Solutions. Ore sorting testwork is anticipated to begin in Q4 2026, with results expected in the first half of 2027. The property hosts a consolidated lithium-tantalum Mineral Resource of 108.0 Mt at 1.40% Li2O (Indicated) and 33.4 Mt at 1.33% Li2O (Inferred), plus a pollucite-hosted caesium resource of 0.69 Mt at 4.40% Cs2O (Indicated) and 1.70 Mt at 2.40% Cs2O (Inferred).
PMET Resources (OTCQX: PMETF) has signed a non-binding Letter of Intent with the Cree Nation of Chisasibi covering its 100%-owned Shaakichiuwaanaan Project in Eeyou Istchee James Bay, Quebec. The LOI establishes a structured framework for engagement, information-sharing, and discussion during an Engagement and Assessment Period, but explicitly does not constitute consent, approval, or endorsement of the project.
The parties intend to form time-limited, topic-focused working groups on areas such as training, employment, skills development, local economic development, environment, and transportation. PMET reiterates prior technical results, including a positive lithium-only Feasibility Study and a Probable Mineral Reserve of 84.3 Mt at 1.26% Li2O, within a Consolidated Mineral Resource totalling 108.0 Mt at 1.40% Li2O (Indicated) and 33.4 Mt at 1.33% Li2O (Inferred).
Patriot Battery Metals (OTCQX: PMETF) reported bench-scale caesium extraction results from pollucite concentrate at SGS Lakefield and Koch Technology Solutions. SGS sulphuric-acid leaching of ~4 kg from a 15 kg, 12% Cs2O concentrate achieved consistently high caesium recoveries of 97–98% into solution with efficient aluminum and sulphur impurity removal and negligible Cs loss, and identified a potential rubidium by-product stream.
According to PMET, Koch Technology Solutions’ proprietary flowsheet also showed strong, selective caesium loading from synthetic and live pregnant leach solutions. The Shaakichiuwaanaan Project hosts 0.69 Mt at 4.40% Cs2O (Indicated) and 1.70 Mt at 2.40% Cs2O (Inferred) pollucite resources. Ongoing work targets gram-scale high-purity Cs-sulphate, Cs-carbonate, Cs-formate and possible Rb-carbonate in 2026, alongside a lithium–caesium–tantalum PEA and a CV5 lithium–tantalum Feasibility Study, both scheduled for Q4 2026.
PMET Resources (OTCQX: PMETF) signed a non-binding MOU with Mitsui and Microwave Chemical (MWCC) to test microwave calcination on spodumene from the 100%-owned Shaakichiuwaanaan lithium project in Québec.
Pilot work in Osaka will use Québec’s low-cost hydro power concept to assess on-site electric calcination, supporting PMET’s downstream plan to produce higher-value lithium chemicals, subject to successful testing, economics, funding and approvals.
PMET Resources (OTCQX: PMETF) completed a Concept Study on refining spodumene concentrate into value-added lithium chemicals at its Shaakichiuwaanaan project in Quebec. Primero's proprietary ALi® atmospheric leach was selected as the preferred pathway after seven flowsheets were assessed.
Bench-scale work on Shaakichiuwaanaan concentrate using ALi® produced 99.8% purity Li₂CO₃ with 92.5% overall recovery. On-site refining could lower logistics and carbon intensity using Québec hydro power. The study is conceptual, not an economic assessment, and a PEA-level phase is planned over the next year.
PMET Resources (OTCQX: PMETF) received a preliminary, non-binding Letter of Interest from Société Générale for potential Phase 1 project financing of its 100%-owned Shaakichiuwaanaan Project in Quebec.
SG may act as Mandated Lead Arranger, supporting due diligence ahead of an updated Feasibility Study targeted for Q4 2026.
PMET Resources (OTCQX:PMETF) reported multiple new high-grade lithium, caesium, and tantalum pegmatite discoveries across its Shaakichiuwaanaan, Pikwa, Pontois, and Pontax properties in James Bay, Quebec.
Key results include up to 2.94% Li2O, 16.43% Cs2O, and 3,768 ppm Ta2O5, and extension of the Mickel Trend to ~10.5 km.
PMET Resources (OTCQX:PMETF) has started its 2026 summer-fall drill campaign at the Shaakichiuwaanaan Property in Quebec, targeting about 45,000 m of drilling through October 2026.
The program focuses on CV5 and CV13 pegmatites, supporting feasibility, engineering, bulk sample design, and an updated Mineral Resource Estimate and economic studies expected by Q4 2026.
PMET Resources (OTCQX: PMETF) received non-binding government-backed letters of support from Export Development Canada, KfW IPEX-Bank and another major Canadian financial institution for potential financing of its 100%-owned Shaakichiuwaanaan Project in Quebec.
Volkswagen Finance Luxemburg obtained final internal approvals to invest approximately C$12 million in a February 2026 equity raise at C$5.66 per share, for 2,095,745 shares, lifting its stake to about 9.553%, subject to TSX approval. An updated Feasibility Study is targeted for Q4 2026.
PMET Resources (OTCQX: PMETF) advanced the Shaakichiuwaanaan Project with its ESIA submitted March 31, 2026 and the federal IAAC deeming the ESIA complete; public consultation runs through May 28, 2026. The company targets a Q4-2026 updated CV5 lithium-tantalum Feasibility Study and a CV5+CV13 PEA, a ~50,000t bulk sample application, and a Hydro-Quebec power application (estimated ~5.3c/kWh).
Key figures: Consolidated MRE: 108.0 Mt Indicated + 33.4 Mt Inferred; Probable Reserve: 84.3 Mt @ 1.26% Li2O.