Pmet Resources Inc. · TSX:PMET
Pmet Resources — Investor Presentation (June 2026)
41 slides from Pmet Resources's investor presentation, June 2026
Slide 1: Corporate Presentation June 2026
Corporate Presentation June 2026
Slide 2: PMET Resources and Shaakichiuwaanaan Overview
PMET Resources and Shaakichiuwaanaan Overview
Slide 3: Shaakichiuwaanaan Project: Rare Geology of Global Significance
Shaakichiuwaanaan Project: Rare Geology of Global Significance Shaakichiuwaanaan represents an extremely rare type of Lithium-Caesium-Tantalum (LCT) pegmatite deposit — that has concentrated all three of the LCT components at scale and grade, for critical minerals that are in high demand. This depos
Slide 4: Shaakichiuwaanaan Project
Shaakichiuwaanaan Project Top 10 largest lithium1 pegmatite resource globally and the largest hard-rock lithium reserve in the Americas Simple, physical recovery Proven, successful The world’s largest pollucite- methods expected to lead to management team, with hosted caesium pegmatite low operating
Slide 5: Proven Management Team
Proven Management Team Built Pilgangoora (PLS) and mines in the north, now building Shaakichiuwaanaan Ken Brinsden Natacha Garoute Frédéric Mercier- Darren L. Smith Alex Eastwood Grace Barrasso Olivier Caza-Lapointe CEO, President, Director CFO Langevin Executive Vice President, Executive Vice Presi
Slide 6: World-Class Partners Validating the Opportunity
STRATEGIC VALIDATION World-Class Partners Validating the Opportunity Multiple landmark strategic relationships — with global leaders in battery materials, electric mobility, and specialty chemicals — confirm institutional confidence in project quality and long-term commercial viability. Aug 2023 — A
Slide 7: Building a Strong Financial Foundation
Building a Strong Financial Foundation PMET is assembling a world-class group of financial partners to advance the Shaakichiuwaanaan Project. Société Générale Non-binding LOI — interest as Mandated Lead Arranger for debt financing Export Development Canada Letter of support as part of ongoing financ
Slide 8: Positioning To Become a Top Producer Globally
Positioning To Become a Top 5 Producer Globally Our CV5 Lithium Only Feasibility Study (FS) targets ~ 800 ktpa and positions the Company to become the 4th largest spodumene producer of SC5.5 globally1 and largest in the Americas. Uniquely positioned to supply North American, European, and Asian supp
Slide 9: Our Development Strategy
Our Development Strategy Diversify Downstream into Chemicals Unlock Additional Value from Other Critical Minerals Lithium and Potentially Caesium Chemicals Optimize and Deliver on Participation in future midstream and downstream our Lithium Operation Caesium and Tantalum Co-Products processing oppor
Slide 10: Refining Pathway to Battery-Grade Lithium Carbonate
Refining Pathway to Battery-Grade Lithium Carbonate ALi® Atmospheric Leach Process + Strategic MOU on Electric Microwave Calcination Primero's proprietary process identified as the preferred value-added pathway for Shaakichiuwaanaan spodumene concentrate with the potential to combine with Mitsui/MWC
Slide 11: From Discovery to Development-Ready: Technical De-Risking
PROJECT MILESTONE TIMELINE From Discovery to Development-Ready: Technical De-Risking A systematic progression of geological validation and resource definition — from initial discovery through a Feasibility Study in less than 4 years — demonstrating increasing project maturity and confidence across e
Slide 12: Co-Product Opportunities
Co-Product Opportunities - a key point of difference for PMET
Slide 13: Co-Products – Tantalum: Concentrate Price at 20-Year Highs
Co-Products – Tantalum Concentrate Price at 20-Year Highs Tantalum presents a significant opportunity to realise additional revenue beyond primary spodumene concentrate production. This high-value metal has potential to meaningfully enhance economics when integrated into the project. An updated Feas
Slide 14: Current and Future Uses of Tantalum
Current and Future Uses of Tantalum Tantalum applications are very much technology Market Size (Est. 2025): Application Market Characterization oriented. It remains a key component of chip manufacturing 2,688t Ta due to its advantageous chemical and mineral characteristics Capacitors 30% Critical
Slide 15: Co-Products – Caesium
Co-Products – Caesium Caesium is a niche, supply constrained commodity which presents another potential revenue opportunity at CV13, beyond primary spodumene concentrate production. This high-value metal has the potential to enhance project economics through recovery of pollucite concentrate at site
Slide 16: Current and Future Uses of Caesium
Current and Future Uses of Caesium Market Size (Est. 2025): Application Market Characterization 1,520t contained Cs2O Drilling Fluids (caesium High-pressure, high-temperature (HPHT) 47% of demand formate brines) oil & gas wells. Used as a dopant to reduce SO2 Sulphuric Acid Catalysts 34% of demand
Slide 17: Lithium Market Dynamics
ICS Market Dynami ithium L
Slide 18: 2025 Demand Picture + Long-Term BESS Tailwinds
2025 Demand Picture + Long-Term BESS Tailwinds Battery demand mix going towards BESS, almost 4x larger market share by 2030 vs 2020. • BESS now represents approximately 35% of incremental lithium demand. Total battery demand expected to triple from 2025 to 2030 in Benchmark’s high-case. Upside
Slide 19: Long-Term Supply Gap Aligned with Shaakichiuwaanaan’s Production Timeline
Long-Term Supply Gap Aligned with Shaakichiuwaanaan’s Production Timeline Targeted PMET commercial production for Phase 1 (2030) and Phase 2 (2032) aligned with supply gaps1. Supply and Demand, Upside Scenario Mt LCE 7.0 6.5 Supply The 2030 supply gap is equal to approx. 6.0 Demand five (5) Shaakich
Slide 20: Supply Issues Arising
Supply Issues Arising Zimbabwe banned exports in February Lithium spodumene (6% Li2O basis) price history, UBS & putting 11% of global lithium supply at consensus forecasts risk1. Restrictions lifted on some operations; uncertain remains a clear hangover. Low visibility on Jiangxi/Jianxiao Chine
Slide 21: Demand Surprises – EV Trucks
Demand Surprises – EV Trucks China heavy-duty (HD) truck sales have nearly tripled in 20251. • HD trucks accounted for over 5% of global Li-on battery demand in 2025 (9% in China)2. • New China target for 40% penetration by 20303. • Avg. battery pack size is almost 10x the global avg. pack size pe
Slide 22: Upcoming Catalysts for PMET
Upcoming Catalysts for PMET PMET is entering a transformational period with multiple value-driving milestones across permitting, metallurgy, exploration, and commercial partnerships throughout 2026 and beyond. Q1 2026 H1 2026 H2 2026 ESIA Submission: Done Nova Zone Bulk Sample Application Updated Fe
Slide 23: PMET: A unique trifecta of in-demand critical minerals
PMET: A unique trifecta of in-demand critical minerals, based in Quebec with globally relevant partners, an experienced and successful team, fully funded to FID with near-term catalysts.
Slide 24: Annex
Annex
Slide 25: Matching Project Timeline to the Lithium Supply Gap
Matching Project Timeline to the Lithium Supply Gap 2021 2022 2023 2024 2025 2026 2027 ACHIEVEMENTS 1st drill hole – November 2021 NEXT STEPS Engagement with Cree First Nations Environmental Studies / ESIA Preparation Mineral Resource Estimates (MRE) PEA VW / PowerCo Investment and Offtake Agreement
Slide 26: Largest Lithium Pegmatite Reserve in the Americas
SHAAKICHIUWAANAAN – INVESTMENT HIGHLIGHTS Largest Lithium Pegmatite Reserve in the Americas Lithium Pegmatite Mineral Reserve by Grade and Tonnage 2.00% Production Development PMET 1.80% 84.3 Mt at 1.26% Li2O (Probable) 2.62 Mt contained LCE 1.60% Grade (%Li2O) PAK + Spark 1.40% Whabouchi Moblan Gro
Slide 27: Strong NPV Growth Driven by Rising Lithium Prices
Strong NPV Growth Driven by Rising Lithium Prices Project NPV is highly sensitive to lithium spodumene concentrate pricing, with ~ C$450M of NPV(8%) change per $100/t increment in SC5.5 price1. At $2000/t SC5.5, NAV per PMET share is $27. NPV8% sensitivity to spodumene concentrate price (US$/t SC5.5
Slide 28: Track Record of Drilling Success and Project Progress
Track Record of Drilling Success and Project Progress Largest lithium pegmatite reserve in the Americas delivered in under 4 years. We now begin 2026 with $65M of flow-through funds to continue the exploration efforts 2021-2023: Foundation • 2021: Discovery hole – 147 m @ 0.92% Li2O (CF21-001)1 Nove
Slide 29: Committed to Community Engagement
Committed to Community Engagement • Demonstrated Indigenous economic participation: Approximately $23.2M (35%) of 2025 procurement directed to Indigenous businesses and joint ventures. • Indigenous employment already underway: 123 Indigenous workers (more than 20% of site workforce) engaged on site,
Slide 30: CV5, CV13, and Blue-Sky Potential
CV5, CV13, and Blue-Sky Potential At Shaakichiuwaanaan, CV5 underpins our lithium-only FS and our maiden reserve. An updated FS, scheduled for late 2026, will integrate the economics of tantalum at CV5 as a valuable co-product. A Preliminary Economic Assessment (PEA) on the broader Project (CV5+CV13
Slide 31: Pro-Forma Shareholder Register
Pro-Forma Shareholder Register APAC 30% 31% 30% North America 25% Europe 14% CDS and other 31% 14% 25% 16% 25% Corporate 16% HNV/family office 16% 16% Institutional 27% 3% Retail 13% Insider 3% 13% CDS and other 25% 27% 31 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 32: Corporate Structure
Corporate Structure Capital Structure In Millions Basic Shares Outstanding 185.9 Dilutive Securities 12.5 Fully Diluted Shares 198.4 Market Cap (as June 18th, 2026) : C$1.1B Cash (as of March 31st, 2026) C$174M Liquidity (Average Daily Volume, last 12 months) TSX 600K ASX (CDIs, 10:1 ratio with TSX
Slide 33: Important Information
Important Information This presentation (together with oral statements made in connection NO FINANCIAL PRODUCT ADVICE All statements, other than statements of present or historical facts, are forward- herewith, this “Presentation”) is dated June 22nd, 2026, and has been This Presentation is for info
Slide 34: Important Information
Important Information Although the Company believes its expectations are based upon reasonable changes in general economic conditions; changes in the financial markets and in Cash operating costs at site and cash operating costs at site per tonne: Cash assumptions and has attempted to identify imp
Slide 35: Important Information
Important Information NI 43-101 AND JORC CODE (2012 EDITION) Mr. Frédéric Mercier-Langevin, Ing. M.Sc, who is a Qualified Person as defined by THE INFORMATION IN THIS PRESENTATION WITH RESPECT TO THE Mineral Reserve and Mineral Resource estimates and Exploration Results are National Instrument 43-10
Slide 36: NI 43-101 Mineral Resource Statement
NI 43-101 Mineral Resource Statement CV5 AND CV13 PEGMATITES Consolidated MRE Caesium Zone MRE Conceptual Contained Contained Tonnes Li2O Cs2O Ta2O5 Ga Tonnes Cs2O Li2O Ta2O5 Mining Pegmatite Classification LCE Caesium Zone Classification Cs2O (t) (%) (%) (ppm) (ppm) (t) (%) (%) (ppm) Constraint (Mt
Slide 37: NI 43-101 Mineral Reserve Statement
NI 43-101 Mineral Reserve Statement CV5 PEGMATITE Tonnes Li2 O Contained LCE Area Classification (Mt) (%) (t) Proven - - - Open-Pit Probable 49.2 1.12 1.36 Proven - - - Underground Probable 35.1 1.45 1.26 Proven - - - Probable 84.3 1.26 2.62 Cut-off grade of 0.40% Li2O (open-pit) and 0.70% Li2O (und
Slide 38: Peer Comparison Information – Production Capacity
Peer Comparison Information – Production Capacity Mine Name Ticker Project Name Stage Degree of Study Price Assumption (US$/t SC6) Information Source - Current Production Capacity Information Source - Planned Expanded Capacity Life Pilbara Minerals PLS Pilgangoora Production ASX announcement dated A
Slide 39: Peer Comparison Information – Lithium Pegmatite Mineral Resources (Americas)
Peer Comparison Information – Lithium Pegmatite Mineral Resources (Americas) Mineral Resources Inclusive of Measured Indicated Inferred Company Project Stage Information Source(s) Reserves Mt %Li2O Mt %Li2O Mt %Li2O PMET Resources Inc. Shaakichiuwaanaan Development - – – 108.0 1.4% 33.4 1.3% TSX ann
Slide 40: Peer Comparison Information – Tantalum Pegmatite Mineral Resources (Global)
Peer Comparison Information – Tantalum Pegmatite Mineral Resources (Global) Inclusive of Mineral Resources Company Project Stage Reserves Measured Indicated Inferred Information Source(s) Ta2O5 Ta2O5 Ta2O5 Mt Mt Mt ppm ppm ppm Pilbara Minerals Ltd. Pilgangoora Production Y 16.5 144 314 106 76.6 124
Slide 41: Peer Comparison Information – Lithium Pegmatite Mineral Reserves (Americas)
Peer Comparison Information – Lithium Pegmatite Mineral Reserves (Americas) Mineral Reserves Company Project Stage Proven Probable Information Source(s) Mt %Li2O Mt %Li2O PMET Resources Inc. Shaakichiuwaanaan Development – – 84.3 1.3% TSX announcement dated October 20, 2025 Sigma Lithium Corporation