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PMET Resources Advances Flagship Shaakichiuwaanaan Project Towards Next Development Tier
MONTREAL, May 4, 2026 /CNW/ - May 5, 2026 – Sydney, Australia HIGHLIGHTS Environmental and Social Impact Assessment (ESIA) for the Shaakichiuwaanaan Project
About this update from Pmet Resources Inc.
[{"type":"text","content":" MONTREAL, May 4, 2026 /CNW/ - May 5, 2026 – Sydney, Australia HIGHLIGHTS Environmental and Social Impact Assessment (ESIA) for the Shaakichiuwaanaan Project submitted to the Federal and Provincial authorities on March 31, 2026: Federal ESIA submission deemed complete by the IAAC with the first statutory public consultation period now underway, closing May 28, 2026. Provincial ESIA submission progressing under the COMEV/COMEX review process. Updated CV5 lithium-tantalum Feasibility Study and parallel lithium-caesium-tantalum PEA/Scoping Study on the broader project (CV5 + CV13) on track, targeting Q4 2026 completion. CV5 bulk sample application under review (~50,000 tonnes), with feedback expected from COMEX in Q2-2026: Project engineering continues to advance towards shovel-ready status by year-end. Hydro Quebec power application submitted, with the assessment in progress: Hydro-Quebec's La Grande 4 (LG4) Tilley substation is only ≈45 km from the Project, being both ideally located and a low-cost potential source of renewable power to the Shaakichiuwaanaan Project. Ken Brinsden, President and Managing Director, comments: \"In just roughly four years since the first drill hole at CV5 in November 2021, we've delivered the lithium-only Feasibility Study and submitted the final ESIA documentation for mine authorization – a testament to the quality of the asset and the team behind it. But it does not stop there, as we continue to progress the Project's critical path through to FID. \"Shaakichiuwaanaan has the scale, grade and strategic positioning to become one of the world's leading critical minerals projects, right here in Quebec, supporting North American and global supply chains. As geopolitical tension grows across energy and the critical minerals sphere, this represents a massive opportunity for Quebec and Canada to be front-and-centre in the future of lithium, caesium, and tantalum supply to global markets,\" added Mr. Brinsden. PMET RESOURCES INC. (THE \"COMPANY\" OR \"PMET\") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to provide an update on the key permitting, studies and infrastructure workstreams at the Company's wholly-owned Shaakichiuwaanaan Property (the \"Property\" or \"Project\"), located in the Eeyou Istchee James Bay region of Quebec. Significant progress is being made on the key components of t...