PMET Resources (PMET) investor relations material

Project overview and resource highlights

• Shaakichiuwaanaan is among the top 10 largest lithium pegmatite resources globally and the largest hard-rock lithium reserve in the Americas, with significant caesium and tantalum resources as well.

• The project benefits from simple, physical recovery methods, expected to lower operating costs and enable rapid, large-scale production of lithium, caesium, and tantalum.

• Located in Quebec, the site has access to hydro power, year-round roads, rail, and port infrastructure, supporting integration into global supply chains.

• The consolidated mineral resource estimate (CV5 + CV13) totals 108.0 Mt at 1.40% Li₂O (Indicated) and 33.4 Mt at 1.33% Li₂O (Inferred), with substantial caesium and tantalum by-products.

• A proven management team with over C$176M cash on hand is advancing the project toward a final investment decision (FID) targeted for H2 2027.

Development strategy and value creation

• The development plan is structured in three phases: optimizing lithium operations, unlocking value from caesium and tantalum, and diversifying into downstream chemicals.

• Feasibility for up to ~800 ktpa SC5.5 lithium concentrate is underway, with staged open-pit and underground mining at CV5.

• Studies to include tantalum and caesium as co-products are in progress, with a PEA for the broader project (CV5 + CV13) expected by year-end 2026.

• Downstream opportunities include supplying lithium and caesium chemicals to North American, Asian, and European battery industries.

• Strategic partnerships are being pursued to establish a chemicals supply hub leveraging low-cost renewable power.

Strategic partnerships and funding

• Over C$190M in strategic investments since August 2023 from global leaders such as Albemarle, Volkswagen/PowerCo, Koch Technology Solutions, and Mitsui/Primero.

• Albemarle invested C$109M for a 4.9% stake, validating project quality and market credibility.

• Volkswagen/PowerCo invested C$69M for a 9.9% stake and secured a long-term offtake agreement.

• Koch Technology Solutions and Mitsui/Primero are providing downstream processing technology and expertise.

• As of June 30, 2026, C$173M cash on hand supports ongoing development and exploration.