PMET Resources Inc.

MONTREAL – October 29, 2026 -- Natural Resources Canada has approved C$1,215,185 for PMET Resources Inc. to upgrade the access road serving its Shaakichiuwaanaan lithium project in Quebec's Eeyou Istchee James Bay region.

NRCan funding targets 20 kilometers of road to the Trans-Taiga corridor

The money comes from NRCan's First and Last Mile Fund (FLMF). The application was approved under the Critical Minerals Infrastructure Fund, which has been integrated into the FLMF. The contribution goes to Innova Lithium, a wholly owned PMET subsidiary.

The project will upgrade about 20 kilometers of PMET's 100%-owned road linking the Trans-Taiga Road to the property. The upgrade is meant to improve the road's reliability and capacity for increased mining activity. The property is already accessible year-round by all-season road and sits near regional hydroelectric power infrastructure.

Montreal – October 05, 2026 -- PMET Resources Inc. (TSX: PMET, ASX: PMT, OTCQX: PMETF, FSE: R9GA) has signed a Letter of Intent with the City of Matagami to build a spodumene concentrate transshipment link for its Shaakichiuwaanaan lithium project in Quebec, a key piece of logistics infrastructure required before the company can reach a Final Investment Decision.

Matagami yard will shift concentrate from truck to rail for port-bound shipments

Under the planned arrangement, spodumene concentrate would be trucked from the Shaakichiuwaanaan site to Matagami's existing transshipment yard, then loaded onto rail cars for onward transport to port. The LOI sets out principles for the infrastructure upgrades and operating arrangements needed to support the route, though pricing and contribution details remain subject to negotiation.

Montreal – October 03, 2026 -- PMET Resources Inc. has filed an amended NI 43-101 technical report for its Shaakichiuwaanaan lithium project in Quebec, correcting compliance irregularities flagged by Quebec's securities regulator without altering the underlying economics of its 2025 feasibility study.

AMF routine review triggers formatting and disclosure corrections

The Autorité des marchés financiers, acting under its continuous disclosure review program, identified issues requiring clarification in the original October 2025 technical report. PMET addressed qualified persons' certificates content, map scaling errors, disclosure on reasonable prospects for economic extraction of caesium, tantalum and gallium, and the cut-off grade methodology for caesium oxide. The company filed the corrected version on SEDAR+ with an unchanged effective date of October 03, 2026, an issue date of October 03, 2026, and an amended date of October 03, 2026.

Montreal – September 23, 2026 -- PMET Resources Inc. has completed a Phase 2 bench-scale testwork program with Koch Technology Solutions (KTS) that demonstrates a simplified, more selective pathway to convert pollucite concentrate from its Shaakichiuwaanaan Project into high-purity caesium chemical products.

KTS process shows high selectivity, bypassing costly impurity-removal stages

The bench-scale program used approximately 6 kg of pollucite concentrate, assaying 12% Cs2O, produced via X-Ray Transmission ore sorting of drill core from the Vega Caesium Zone at the CV13 Pegmatite. Results confirmed the KTS proprietary flowsheet technology achieves high selectivity for caesium with a much-reduced impurity profile, potentially allowing much of the conventional impurity-removal stages to be skipped and lowering recovery costs into a final high-purity product.

Montreal – September 13, 2026 -- PMET Resources Inc. has collected more than 2.5 tonnes of pollucite pegmatite from the Vega Caesium Zone (CV13) at its Shaakichiuwaanaan Property in Quebec, advancing a bulk-sampling initiative called the BerryPick program aimed at feeding downstream caesium chemical testwork.

PMET deploys large-diameter coring to cut sampling costs and speed

The company used very large diameter drill core (~30 cm) drilled through a grid of shallow holes (under 60 cm deep) across the mineralized outcrop, avoiding costlier alternatives such as blasting or PQ coring (8.5 cm). Prior testwork had relied on smaller NQ (4.8 cm) and HQ (6.4 cm) core, which supported only initial-stage programs; the larger fragments better approximate blasted run-of-mine material after crushing, a requirement for feasibility-level data.