PMET Resources (PMET) Corporate presentation summary

Project overview and resource significance

• Shaakichiuwaanaan is a globally significant LCT pegmatite deposit, hosting large-scale lithium, caesium, and tantalum resources in high demand for critical minerals markets.

• Ranked among the top 10 largest lithium pegmatite resources globally and the largest hard-rock lithium reserve in the Americas.

• Holds the world’s largest pollucite-hosted caesium pegmatite resource and one of the largest tantalum pegmatite resources.

• Consolidated MRE (CV5 + CV13) totals 108.0 Mt at 1.40% Li₂O (Indicated) and 33.4 Mt at 1.33% Li₂O (Inferred), with significant caesium and tantalum grades.

• Simple, physical recovery methods are expected to result in low operating costs and rapid ramp-up.

Strategic partnerships and funding

• Secured C$178M in strategic investments from Albemarle, Volkswagen/PowerCo, and Koch Technology Solutions.

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

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

• Koch Technology Solutions provides proprietary processing technology and downstream expertise.

• Fully funded to FID, targeted for the second half of 2027, with ongoing strategic partnership discussions.

Development strategy and milestones

• Staged development plan for up to ~800 ktpa SC5.5 spodumene, aiming to become the 4th largest global producer.

• Focus on lithium production initially, with future integration of caesium and tantalum as co-products.

• Key milestones: initial drilling (2021), maiden MRE (2023), PEA (2024), feasibility study (2025), ESIA submission (2026).

• Updated feasibility study and PEA for broader project (CV5 + CV13) scheduled for late 2026.

• Exploration and resource expansion ongoing, with $65M flow-through funds for 2026.