Montreal – October 02, 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 20, 2025, an issue date of November 14, 2025, and an amended date of October 2, 2026.
Economic and technical conclusions of lithium-only feasibility study remain unchanged
PMET stated the corrections do not affect the economic or technical findings of the feasibility study, which outlined a maiden Probable Mineral Reserve of 84.3 million tonnes at 1.26% Li2O for the CV5 Pegmatite. The study envisions production of up to approximately 800,000 tonnes per annum of spodumene concentrate using a Dense Media Separation-only process flowsheet.
Project ranks among top ten global lithium pegmatites by resource size
The Shaakichiuwaanaan Project's Consolidated Mineral Resource totals 108.0 million tonnes at 1.40% Li2O and 166 ppm Ta2O5 in the Indicated category, plus 33.4 million tonnes at 1.33% Li2O and 155 ppm Ta2O5 Inferred. The property also hosts what PMET describes as the world's largest pollucite-hosted caesium pegmatite resource at its Rigel and Vega zones, comprising 0.69 million tonnes at 4.40% Cs2O Indicated and 1.70 million tonnes at 2.40% Cs2O Inferred.
Separate tantalum-inclusive feasibility update targeted for fourth quarter
PMET clarified that the refiling is distinct from a previously announced updated feasibility study incorporating tantalum economics, which remains underway with a release planned for the fourth quarter of this year. The Shaakichiuwaanaan property sits in the Eeyou Istchee James Bay region of Quebec, accessible year-round by all-season road and near regional hydro-power infrastructure.