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Following a routine assessment by the Autorité des marchés financiers (“AMF”), the federal government company accountable for regulating securities within the Province of Québec, Canada, the Firm has filed an amended Technical Report (as outlined under) correcting sure compliance-related irregularities.
HIGHLIGHTS
- The clarification, formatting and extra disclosure within the amended Technical Report haven’t any affect on the financial or technical conclusions of the 2025 Lithium-only FS (as outlined under) which stay as beforehand acknowledged.
- The re-filing is to not be confused with the beforehand introduced up to date feasibility research inclusive of tantalum economics that’s presently underway which the Firm intends to launch in This fall of this yr.
MONTREAL, Oct. 3, 2026 /PRNewswire/ — Oct. 3, 2026 – SYDNEY, Australia
PMET Assets Inc. (the “Firm” or “PMET”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) declares that, following a routine assessment pursuant to the continual disclosure assessment program by the AMF, it has filed on SEDAR+ an amended model, with an unchanged efficient date of October 20, 2025, a problem date of November 14, 2025 and an amended date of October 2, 2026, of its beforehand filed technical report for the Shaakichiuwaanaan Challenge titled “CV5 Pegmatite Lithium-Solely Feasibility Research NI 43-101 Technical Report – Shaakichiuwaanaan Challenge” (the “Technical Report”), ready in accordance with Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101”). The amended Technical Report is a reissuance of the outcomes initially introduced within the October 20, 2025, information launch by the Firm saying a constructive lithium-only feasibility research (“FS”) on the CV5 Pegmatite outlining the potential for a large-scale mining operation on the Shaakichiuwaanaan Challenge.
The amended Technical Report addresses feedback requesting clarification, formatting and extra disclosure for compliance functions in a small variety of areas, together with, certified individuals’ certificates content material, improper scaling and map formatting, clarifications with respect to the cheap prospects for eventual financial extraction for caesium, tantalum, and gallium, and clarifications with respect to the cut-off grade for caesium oxide.
The corrections inflicting the refiling don’t, in any approach, form or type, have an effect on the financial or technical conclusions of the FS. Moreover, this amended Technical Report is to not be confused with the beforehand introduced up to date feasibility research inclusive of tantalum economics that the Firm presently has underway and intends to launch in This fall of this yr.
The amended model of the report is accessible on SEDAR+ and will likely be obtainable shortly thereafter on the Firm’s web site. Readers are inspired to learn the amended Technical Report in its entirety, together with all {qualifications}, assumptions, exclusions and dangers that relate to the Mineral Useful resource, Mineral Reserve, and lifetime of mine plan. The amended Technical Report is meant to be learn as a complete, and sections shouldn’t be learn or relied upon out of context.
About PMET Assets Inc.
PMET Assets Inc. is a pegmatite important mineral exploration and improvement firm targeted on advancing its district-scale 100%-owned Shaakichiuwaanaan Property situated within the Eeyou Istchee James Bay area of Quebec, Canada, which is accessible year-round by all-season street and proximal to regional hydro-power infrastructure.
In late 2025, the Firm introduced a constructive lithium-only Feasibility Research on the CV5 Pegmatite for the Shaakichiuwaanaan Property and declared a maiden Mineral Reserve of 84.3 Mt at 1.26% Li2O (Possible)1. The research outlines the potential for a aggressive and globally vital high-grade lithium undertaking focusing on as much as ~800 ktpa spodumene focus utilizing a easy Dense Media Separation (“DMS”) solely course of flowsheet. Additional, the outcomes spotlight Shaakichiuwaanaan as a possible North American important mineral powerhouse with vital alternative for tantalum and caesium along with lithium.
The Challenge hosts a Consolidated Mineral Useful resource2 totalling 108.0 Mt at 1.40% Li2O and 166 ppm Ta2O5 (Indicated) and 33.4 Mt at 1.33% Li2O and 155 ppm Ta2O5 (Inferred), and ranks as a high ten lithium pegmatite globally in dimension. Moreover, the Challenge hosts the world’s largest pollucite-hosted caesium pegmatite Mineral Useful resource on the Rigel and Vega zones with 0.69 Mt at 4.40% Cs2O (Indicated), and 1.70 Mt at 2.40% Cs2O (Inferred).
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1 See Feasibility Research information launch dated October 20, 2025. Possible Mineral Reserve cut-off grade is 0.40% Li2O (open-pit) and 0.70% Li2O (underground). Underground improvement and open-pit marginal tonnage containing materials above 0.37% Li2O are additionally included within the assertion. Efficient Date of September 11, 2025.
This information launch has been accepted by
“KEN BRINSDEN”
Kenneth Brinsden, President, CEO, & Managing Director
Certified/Competent Individual(s)
The technical and scientific info on this information launch that pertains to the Mineral Useful resource Estimate, exploration, and metallurgical outcomes for the Firm’s properties relies on, and pretty represents, info compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who’s a Certified Individual as outlined by NI 43-101, and member in good standing with the Ordre des Géologues du Québec (Geologist Allow quantity 01968), and with the Affiliation of Skilled Engineers and Geoscientists of Alberta (member quantity 87868). Mr. Smith has reviewed and accepted the associated technical info on this information launch.
Mr. Smith is an Government and Vice President of Exploration for PMET Assets Inc. and holds frequent shares, Restricted Share Items (RSUs), Efficiency Share Items (PSUs), and choices within the Firm.
Mr. Smith has ample expertise, which is related to the type of mineralization, sort of deposit into consideration, and to the actions being undertaken to qualify as a Competent Individual as described by the Australasian Code for Reporting of Exploration Outcomes, Mineral Assets and Ore Reserves (the JORC Code). Mr. Smith consents to the inclusion on this information launch of the issues based mostly on his info within the type and context wherein it seems.
The data on this information launch that pertains to the Mineral Reserve Estimate and Feasibility Research relies on, and pretty represents, info compiled by Mr. Frédéric Mercier-Langevin, Ing. M.Sc., who’s a Certified Individual as outlined by NI 43-101, and member in good standing with the Ordre des Ingénieurs du Québec. Mr. Mercier-Langevin has reviewed and accepted the associated technical info on this information launch.
Mr. Mercier-Langevin is the Chief Working and Improvement Officer for PMET Assets Inc. and holds frequent shares, RSUs, PSUs, and choices within the Firm.
In accordance with ASX Itemizing Rule 5.23, the Consolidated MRE and Mineral Reserve for the Shaakichiuwaanaan Challenge on this information launch was first reported in accordance with ASX Itemizing Guidelines 5.8 and 5.9 by the Firm in market bulletins titled “World’s Largest Pollucite-Hosted Caesium Pegmatite Mineral Useful resource Outlined at Shaakichiuwaanaan” dated July 20, 2025 (Montreal time) and “PMET Assets Delivers Optimistic CV5 Lithium-Solely Feasibility Research for its Massive-Scale Shaakichiuwaanaan Challenge” dated October 20, 2025 (Montreal time). The Firm confirms that, as of the date of this information launch, it isn’t conscious of any new info or knowledge verified by the competent person who materially impacts the data included within the bulletins and that each one materials assumptions and technical parameters underpinning the estimates within the bulletins proceed to use and haven’t materially modified. The Firm confirms that, as on the date of this information launch, the shape and context wherein the competent particular person’s findings are offered haven’t been materially modified from the unique market bulletins.
The data on this information launch that pertains to the manufacturing goal and forecast monetary info derived from the manufacturing goal from the FS for the Shaakichiuwaanaan Challenge was first reported by the Firm in accordance with ASX Itemizing Guidelines 5.16 and 5.17 in a market announcement titled “PMET Assets Delivers Optimistic CV5 Lithium-Solely Feasibility Research for its Massive-Scale Shaakichiuwaanaan Challenge” dated October 20, 2025 (Montreal time). The Firm confirms that, as of the date of this information launch, all materials assumptions underpinning the manufacturing goal and forecast monetary info within the authentic announcement proceed to use and haven’t materially modified.
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2 Consolidated MRE (CV5 + CV13 pegmatites) is reported at an Li2O cut-off grade of 0.40% (open-pit), 0.60% (underground CV5), and 0.70% (underground CV13). A grade constraint of 0.50% Cs2O was used to mannequin the Rigel and Vega caesium zones, contained totally inside CV13. The Efficient Date is June 20, 2025. Mineral Assets are usually not Mineral Reserves as they don’t have demonstrated financial viability. Mineral Assets are inclusive of Mineral Reserves.
Disclaimer for Ahead-Wanting Data
All statements, apart from statements of current or historic info, are forward-looking statements. Ahead-looking statements contain recognized and unknown dangers, uncertainties and assumptions and accordingly, precise outcomes might differ materially from these expressed or implied in such statements. You might be therefore cautioned to not place undue reliance on forward-looking statements. Ahead-looking statements are sometimes recognized by phrases or expressions comparable to “intend” or variations of such phrase or expressions and phrases or statements that sure actions, occasions or outcomes “could”, “might”, “would”, “may” or “will” be taken, happen or be achieved.
Ahead-looking statements embody, however are usually not restricted to, statements in regards to the up to date feasibility research inclusive of tantalum economics that the Firm intends to launch in This fall of this yr and the manufacturing targets, processing strategies and potential for lithium, tantalum and caesium described on this information launch..
Ahead-looking statements are based mostly upon sure assumptions and different vital elements that, if unfaithful, might trigger precise outcomes to be materially totally different from future outcomes expressed or implied by such statements. There might be no assurance that forward-looking statements will show to be correct. Key assumptions upon which the Firm’s forward-looking info relies embody, with out limitation, the Firm’s capacity to finish the beforehand introduced up to date feasibility research inclusive of tantalum economics on the anticipated timeline, that the outcomes of the up to date feasibility research will likely be in keeping with administration’s present expectations and can assist the continued improvement of the undertaking, and the absence of fabric opposed modifications basically financial, market, political or regulatory situations.
Ahead-looking statements are additionally topic to dangers and uncertainties going through the Firm’s enterprise, any of which might have a fabric opposed impact on the Firm’s enterprise, monetary situation, outcomes of operations and development prospects. Readers ought to assessment the detailed threat dialogue within the Firm’s most up-to-date Annual Data Kind filed on SEDAR+, for a fuller understanding of the dangers and uncertainties that have an effect on the Firm’s enterprise and operations.
Though the Firm believes its expectations are based mostly upon cheap assumptions and has tried to determine vital elements that would trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements, there could also be different elements that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. There might be no assurance that forward-looking info will show to be correct. If any of the dangers or uncertainties talked about above, which aren’t exhaustive, materialize, precise outcomes could range materially from these anticipated within the forward-looking statements.
The forward-looking statements contained herein are made solely as of the date hereof. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case, besides to the extent required by relevant regulation. The Firm qualifies all of its forward-looking statements by these cautionary statements.
CONTACT : Olivier Caza-Lapointe, Head, Investor Relations, T: +1 (514) 913-5264, E: ocazalapointe@pmet.ca
