Business
Share issuance to VW Group
December 19, 2025 – Sydney, Australia
About this update from Azimut Exploration, Inc.
[{"type":"text","content":"MONTRÉAL, Dec. 19, 2025 /PRNewswire/ -- December 19, 2025 – Sydney, Australia","length":77,"tagName":"p"},{"type":"image","alt":"Logo de Ressources PMET","displaySize":"","headline":null,"caption":"Logo de Ressources PMET","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":214,"url":"https://media.zenfs.com/en/prnewswire.com/29047562aa7adc0e2f7bb071c45c598f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/xwJbtk7iMdp4V6VA7SCNcA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM3NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/29047562aa7adc0e2f7bb071c45c598f","width":400,"height":214}}},{"type":"text","content":"PMET Resources Inc. (the "Company" or "PMET") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to advise that its largest strategic investor, Volkswagen Finance Luxemburg S.A. (Volkswagen), has accepted an offer by the Company to subscribe for 89,125 fully paid common shares in the Company at an issue price of $4.03 per share, pursuant to the Investor Rights Agreement with the Company, for aggregate gross proceeds of approximately $359,000. The Company expects to use such proceeds for general corporate purposes.","length":549,"tagName":"p"},{"type":"text","content":"Volkswagen's subscription follows the recent issuance of shares by the Company to Azimut Exploration Inc. and SOQUEM Inc at a deemed issue price of $3.68 per share as part of the Pikwa acquisition announced on 12 November 2025.","length":231,"tagName":"p"},{"type":"text","content":"The Toronto Stock Exchange has conditionally approved the issuance of the 89,125 shares to Volkswagen. The shares will be issued in accordance with the Company's existing placement capacity under the ASX Listing Rule 7.1.","length":225,"tagName":"p"},{"type":"text","content":"About PMET Resources Inc.","length":25,"tagName":"p"},{"type":"text","content":"PMET Resources Inc. is a pegmatite critical mineral exploration and development company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Property located in the Eeyou Istchee James Bay region of Quebec, Canada, which is accessible year-round by all-season road and proximal to regional hydro-power infrastructure.","length":333,"tagName":"p"},{"type":"text","content":"In late 2025, the Company announced a positive lithium-only Feasibility Study...