PMET Resources (PMET) Diggers & Dealers Mining Forum 2025 summary

Project highlights and strategic positioning

• Shaakapuuwaanaan project in Quebec is positioned as a leading lithium and critical minerals development, with exceptional geology and proximity to major infrastructure, including hydro power and roads.

• The project boasts the largest hard rock lithium resource in the Americas, with high-grade zones and significant upside potential from continued drilling.

• Major cesium and tantalum discoveries at the site are high grade and globally significant, with the cesium resource surpassing all known published resources.

• The lithium-only feasibility study for the CV5 resource is set for completion this quarter, with future phases to incorporate cesium and tantalum for additional economic upside.

• The project is compared to Greenbushes, the global benchmark for hard rock lithium, with similar grades and scale.

Market dynamics and industry outlook

• The cesium market is currently supply-constrained and dominated by China, but the new discovery could enable a Western supply chain and reduce concentration risk.

• Cesium's role in next-generation solar technology could expand the market 10–20 times, contingent on reliable supply outside China.

• Lithium demand forecasts are consistently underestimated, with actual growth in EVs and stationary energy storage outpacing analyst projections.

• Stationary energy storage is experiencing rapid growth, with annualized rates exceeding 120%, and is expected to surpass the EV market in scale.

• The global energy transition and battery adoption are driving robust demand for lithium and related minerals.

Operational and jurisdictional advantages

• Quebec is highlighted as a premier mining jurisdiction, offering strong infrastructure, streamlined approvals, and exemplary First Nations engagement.

• The James Bay region is cited as a model for successful industry and First Nations collaboration.

• Ongoing drilling and exploration are expected to yield further discoveries, with a focus on disciplined project delivery.

• The project team is recognized for its experience and commitment to advancing the project responsibly.