PMET Resources Inc. (the “Company” or “PMET”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce that it has filed for CONSCIOUS+ a technical report (the “Technical Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). The technical report is entitled “Feasibility study CV5 pegmatite lithum only ni 43-101 Technical report – Shakhichiwaanan Project“, with an issue date of November 14, 2025and Effective Date of October 20, 2025. The submission follows the October 20, 2025press release by the company announcing a Positive Feasibility Study (“FS”) for the CV5 pegmatite, outlining the potential for a large-scale mining operation at the Shaakichiuwaanaan project.
The technical report was prepared by G Mining Services Inc., with contributions from Primero Group Americas Inc., AtkinsRéalis Group Inc., BBA Inc., Paterson & Cooke Canada Inc., Vision Geochemistry Ltd., Alius Mine Consulting, WSP Global Inc., Mailloux Hydrogéologie and GCM Expert, each advisory groups independent of the company, in accordance with NI 43-101.
The report is available at CONSCIOUS+ and will be available on the company’s website shortly thereafter. Readers are encouraged to read the FS Technical Report in its entirety, including all qualifications, assumptions, exclusions and risks relating to the mineral resource plan, mineral reserves and mine life. The FS Technical Report is intended to be read in its entirety, and sections should not be read or relied upon out of context.
About PMET Resources Inc.
PMET Resources Inc. is a pegmatite critical minerals exploration and development company focused on advancing its 100% owned district-scale Shaakichiuwaan property located in the Eeyou Istchee James Bay region in Quebec, Canadawhich is accessible all year round via all-season roads and close to regional hydropower infrastructure.
In late 2025, the Company announced a positive lithium-only feasibility study on CV5 pegmatite (the “Feasibility Study”) and declared an initial mineral reserve of 84.3 million tonnes at 1.26% Li2Oh (probably)1. The study outlines the potential for a competitive and globally important high-value lithium project targeting up to ~800 ktpa spodumene concentrate using a simple Dense Media Separation (“DMS”) process flow sheet. Furthermore, the results highlight Shaakichiuwaanan as a potential North American critical mineral powerhouse with significant opportunities for tantalum and cesium in addition to lithium.
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1 See the feasibility news release of October 20, 2025. The likely mineral reserve threshold is 0.40% Li2O (open pit) and 0.70% Li2O (underground). Underground development and marginal tonnage in the open pit with material above 0.37% Li2O are also included in the statement. Effective date September 11, 2025. |
The project hosts a consolidated mineral resource2 totaling 108.0 Mt at 1.40% Li2O and 166 ppm Ta2O5 (Indicated) and 33.4 Mt at 1.33% Li2O and 155 ppm Ta2O5 (Derived), and is considered the largest3 lithium pegmatite source in America, and in the top ten worldwide. In addition, the project hosts the world’s largest pollucite-hosted cesium pegmatite mineral resource in the Rigel and Vega zones with 0.69 Mt at 4.40% Cs2O (indicated) and 1.70 Mt at 2.40% Cs2O (derivative).
For more information, please contact us at info@pmet.ca or by calling +1 (604) 279-8709, or visit www.pmet.ca. Please also refer to the Company’s ongoing disclosure filings, available under the profile at www.sedarplus.ca And www.asx.com.aufor available exploration data.
This press release has been approved by
“KEN BRINSDEN”
Kenneth BrinsdenChairman, CEO and general manager
Qualified person(s)
The technical and scientific information contained in this press release relating to the mineral resource estimate and exploration results for the Company’s properties is based on and fairly reflects the information gathered by Mr. Darren L. SmithM.Sc., P.Geo., who is a qualified person as defined by National Instrument 43-101 – Mineral Project Disclosure Standards (“NI 43-101”), and a member in good standing of the Order of Geologists of Quebec (Geologist Permit Number 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr. Smith has reviewed and approved the related technical information contained in this press release.
Mr. Smith is an Executive and Vice President of Exploration for PMET Resources Inc. and owns common shares, Restricted Share Units (RSUs) and Performance Share Units (PSUs) in the company.
The information contained in this press release relating to the feasibility study and mineral reserve estimate is based on, and fairly reflects, information collected by Mr. Frédéric Mercier-Langevin, Ing. M.Sc., a qualified person as defined by NI 43-101, and a member in good standing of the Ordre des Ingénieurs du Québec. Mr. Mercier-Langevin has reviewed and approved the related technical information contained in this press release.
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2 The consolidated MRE (CV5 + CV13 pegmatites), which includes the Rigel and Vega cesium zones, totals 108.0 Mt at 1.40% Li2O, 0.11% Cs2Oh, 166 ppm Ta2O5and 66 ppm Ga, indicated, and 33.4 Mt at 1.33% Li2O, 0.21% Cs2Oh, 155 ppm Ta2O5and 65 ppm Ga, derived, and reported at a limit of 0.40% Li2O (open pit), 0.60% Li2O (underground CV5) and 0.70% Li2O (underground CV13). A slope limitation of 0.50% Cs2O was used to model the Rigel and Vega cesium zones. The effective date is June 20, 2025 (via borehole CV24-787). Mineral resources are not mineral reserves as they have not demonstrated economic viability. Mineral resources include mineral reserves. |
3 Determination based on mineral resource data sourced through July 11, 2025, from company publications. |
Mr. Mercier-Langevin is Chief Operating and Development Officer for PMET Resources Inc. and owns common stock and options in the company.
The information contained in this press release relates to the Feasibility Study (“FS”) for the Shaakichiuwaan Project, which was first reported by the Company in a market announcement entitled “PMET Resources delivers positive CV5 lithium-only feasibility study for its large-scale Shaakichiuwaanaan projectdated October 20, 2025 (Montreal time) is available on the company’s website at www.pmet.caon SEDAR+ on www.sedarplus.ca and on the ASX website at www.asx.com.au. The production target from the feasibility study referred to in this press release was reported by the Company in accordance with ASX Listing Rule 5.16 as at the date of the original announcement. The Company confirms that, as of the date of this press release, all material assumptions and technical parameters underlying the production target and expected financial information contained in the original announcement remain applicable and have not materially changed.
The mineral resource and mineral reserve estimates contained in this press release were first reported by the Company in accordance with ASX Listing Rule 5.8 in market announcements entitled “The world’s largest pollucite-hosted cesium pegmatite depositdated July 20, 2025 (Montreal time) and “PMET Resources delivers positive CV5 lithium-only feasibility study for its large-scale Shaakichiuwaanaan projectdated October 20, 2025 (Montreal time) and are available on the company’s website at www.pmet.caon SEDAR+ on www.sedarplus.ca and on the ASX website at www.asx.com.au. The Company confirms that as of the date of this press release, it is not aware of any new information or data verified by the authorized person that materially affects the information contained in the announcement and that all material assumptions and technical parameters underlying the estimates contained in the announcement continue to apply and have not materially changed. The Company confirms that, as of the date of this announcement, the format and context in which the QP’s findings are presented have not materially changed from the original market announcement.
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SOURCE PMET Resources Inc.
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