Welcome to our dedicated page for PMET Resources news (Ticker: PMETF), a resource for investors and traders seeking the latest updates and insights on PMET Resources stock.
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 (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.
PMET Resources (OTCQX: PMETF) produced approximately 4.47 tonnes of spodumene concentrate grading 6.09% Li2O (0.58% Fe2O3) from CV5 using a DMS-only pilot with an 89.0% recovery from 3.61% Li2O head-grade boulders.
The result supports a DMS-only flowsheet, provides feed for tantalum testwork, underpins an improved grade‑recovery curve (implied +2–3% recovery at 2% feed), and informs an updated Feasibility Study and broader PEA due Q4‑2026. A follow-up 'BerryPick' pollucite sampling program is planned.
PMET (OTCQX:PMETF) has begun a ~four-month strategic testwork program with Koch Technology Solutions to evaluate converting Shaakichiuwaanaan pollucite concentrates into value-added caesium chemical products. The program targets US industrial supply chains for defence, space, energy and advanced electronics and follows PMET's published caesium Resource.
The Shaakichiuwaanaan Property hosts a caesium Mineral Resource of 0.69 Mt at 4.40% Cs2O (Indicated) and 1.70 Mt at 2.40% Cs2O (Inferred), and aims to assess commercial processing pathways with KTS proprietary methods.
PMET Resources (OTCQX: PMETF) submitted the Environmental and Social Impact Assessment (ESIA) for the 100%‑owned Shaakichiuwaanaan CV5 Lithium Project on April 1, 2026. The ESIA, alongside the Positive CV5 Lithium‑Only Feasibility Study (Oct 2025), completes major permitting deliverables for provincial and federal review.
The filing follows four years of baseline studies, Cree consultation, and multidisciplinary analyses covering environment, socioeconomics, cumulative effects, GHG accounting, and mitigation measures. The federal public review period will open on the Impact Assessment Registry.
PMET Resources (OTCQX: PMETF) reported final assays from its 2025 Shaakichiuwaanaan drilling campaign, highlighting a new Helios caesium discovery and a new lens north of Vega. Key results include 4.9 m @ 3.65% Cs2O (incl. 1.7 m @ 6.14%) and 2.3 m @ 4.65% Cs2O.
The Company completed 57,024 m (245 holes) in 2025. The Project hosts a pollucite caesium resource of 0.69 Mt @ 4.40% Cs2O (Indicated) and 1.70 Mt @ 2.40% Cs2O (Inferred).
PMET Resources (OTCQX: PMETF) reported the widest and highest-grade caesium intercepts at the CV13 Pegmatite, including 28.0 m at 8.05% Cs2O (incl. 18.3 m at 11.84%) and a peak sample of 29.79% Cs2O. Results cover 8,596 m (52 holes); 1,176 m (7 holes) remain pending. The discovery of the Helios Zone (21.52% Cs2O over 1.0 m) and updated footprints at Vega and Rigel expand the caesium footprint. The CV13 hosts the world’s largest in-situ pollucite caesium Mineral Resource (0.69 Mt Indicated at 4.40% Cs2O; 1.70 Mt Inferred at 2.40% Cs2O).