Pmet Resources Inc. · TSX:PMET
Pmet Resources — Investor Presentation (December 2025)
36 slides from Pmet Resources's investor presentation, Dec 17, 2025
Slide 1: Shaakichiuwaanaan Project Corporate Presentation
Shaakichiuwaanaan Project Corporate Presentation December 2025
Slide 2: Important Information
IMPORTANT INFORMATION This presentation is dated December 17th, 2025, and has been prepared by PMET Resources Inc (Company) All statements, other than statements of present or historical facts, are forward-looking statements. Forward- and is authorised for release by Managing Director, Ken Brinsden.
Slide 3: Important Information
IMPORTANT INFORMATION Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, any of The non-IFRS financial measures and non-IFRS financial ratios used in this presentation and common to the which could have a material adverse effect on the Company’s bus
Slide 4: Important Information: Qualified Persons
IMPORTANT INFORMATION QUALIFIED PERSONS (QP) / COMPETENT PERSONS (CP) Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101, and Competent Person as defined by the JORC Code 2012, and member in good standing with the Ordre des Géologues du Québec (Geo
Slide 5: North America's Premier Critical Minerals Asset
North America’s Premier Critical Minerals Asset SHAAKICHIUWAANAAN – LITHIUM, CAESIUM, AND TANTALUM FOR GLOBAL SU PPLY CHAINS A globally significant INVESTMENT HIGHLIGHTS critical minerals project ▪ A multi commodity, long life Project endowed with lithium and other key critical minerals - located in
Slide 6: Proven Management Team with a Track Record of Value Creation
PROVEN MANAGEMENT TEAM with a Track Record of Value Creation Ken Brinsden Natacha Garoute Frédéric Mercier- Darren L. Smith Alex Eastwood Grace Barrasso Olivier B.Eng. (Mining), CPA, LLB Langevin M.Sc., P. Geo BEc, LLB M.Sc Caza-Lapointe MAUSIMM, MAICD CFO Eng., M.Sc Executive Vice President, Head o
Slide 7: Corporate snapshot
Corporate snapshot Corporate Structure Shareholder Register Unknown Oceania Capital Structure In Millions 31% 30% Basic Shares Outstanding 163.7 Dilutive Securities 5.5 Asia 2% Fully Diluted Shares 169.1 Europe North America Market Cap (as December 17th, 2025) : C$766M 14% 23% Cash (as of September
Slide 8: Project Description
Project Description Shaakichiuwaanaan Project – production rate of up to ~800,000 tpa of spodumene concentrate at CV5 spanning ~20 years1 at a competitive AISC of ~US$597/t2. ▪ Project located in the Eeyou Istchee James Bay region of Québec, benefitting from existing all-season major road and power
Slide 9: Shaakichiuwaanaan's LCT Pegmatite Clusters
SHAAKICHIUWAANAAN – A WORLD CLASS CRITICAL MINERALS PROJECT Shaakichiuwaanaan’s LCT Pegmatite Clusters 9 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 10: Largest Lithium Pegmatite Resource in the Americas
SHAAKICHIUWAANAAN – A WORLD CLASS CRITICAL MINERALS PROJECT Largest Lithium Pegmatite Resource in the Americas Lithium Pegmatite Mineral Resource by Grade and Tonnage Mineral Resource data sourced through 2.00% July 11, 2025, from corporate disclosure of Production Development PMET NI 43-101, JORC,
Slide 11: Our Development Strategy
Our Development Strategy Diversify Downstream Unlock Value from Other Critical Minerals Lithium and potentially Caesium Chemicals Future midstream and downstream opportunities Optimize and Deliver on to capture additional value along the chemical our Lithium Operation Caesium and Tantalum Co-Product
Slide 12: More Exploration Success in 2025
More Exploration Success in 2025 A big 2025 drill program resulted in new mineral zones, with extensions to CV5 and CV13, both east and west1. ▪ New discovery at CV4, potentially extending CV5 1.5 km to the east. • 27.0 m at 1.14% Li2O including 19.2 m at 1.45% Li2O (CV25-1013). • 13.0 m at 1.37% Li
Slide 13: Project and Feasibility Study Summary
Project and Feasibility Study Summary 13 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 14: Target - Top 5 producer Globally
Target - Top 5 producer Globally Targeting ~ 800 ktpa and positioning to become the 4th largest spodumene producer of SC5.5 globally1 and largest in the Americas. Uniquely positioned to facilitate North American, European, and Asian supply chains for 20+ years with a coarse, high- quality SC5.5% spo
Slide 15: Purpose of the Feasibility Study
Purpose of the Feasibility Study Pathway to Final Permitting & Production ▪ A critical path item which defines the full scope of the Project for ESIA applications. It is a key requirement for commencing the final mine authorisation process which is estimated to take 18-24 months. ▪ A lithium-only (C
Slide 16: Shaakichiuwaanaan FS Key Metrics
Shaakichiuwaanaan FS Key Metrics Nominal Annual Total Cash Estimated Mine Life Production Capacity Operating Costs AISC US$544/t US$597/t 3 4 ≈20 Years ~800 ktpa Targeting FID in 2027 and (FOB Grande-Anse, Saguenay) commissioning from late 2029 After-Tax NPV8% Real After-Tax IRR Project Net Capex 2
Slide 17: Project momentum since discovery
Project momentum since discovery 2021 2022 2023 2024 2025 2026 2027 1st drill hole – November 2021 Engagement with Cree First Nations Environmental Studies / ESIA Preparation Mineral Resource Estimates (MRE) PEA VW / PowerCo Investment and Offtake Agreements Feasibility Study for CV5 Lithium Only Pr
Slide 18: Opportunities / Next Steps
Opportunities / Next Steps 18 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 19: Opportunities – General
Opportunities – General While awaiting the final mine and environmental approval, the Company expects to further optimize the Project via various initiatives The Company will start detailed engineering work, with a view to further optimize the Project schedule and economic outcomes to inform an FID
Slide 20: Opportunities – Nova Zone
Opportunities – Nova Zone Providing access to the potential of higher-grade process plant feed and lower operating costs earlier in the production cycle could improve Project economics ▪ The high-grade core of the underground – Nova Zone – remains an outstanding and unique opportunity, containing 12
Slide 21: Opportunities – Bulk Sample
Opportunities – Bulk Sample Accessing the underground mineralized zone, including targeting high-grade lithium-caesium- tantalum intercepts within the high-grade Nova Zone, to improve geological understanding. ▪ Authorisation process recently launched for the development of a 2,300 m underground ram
Slide 22: Opportunities – CV13 and Caesium Co-Product
Opportunities – CV13 and Caesium Co-Product Potential Conceptual LOM extension Tonnes (lithium and tantalum) Li O Cs O Ta O Ga Contained 2 2 2 5 from Mining future Constraint development Pegmatite Classification (t) of CV13 (%) (%) with (ppm) highly (ppm) LCE (Mt) valuable Open-Pit pollucite CV5 Ind
Slide 23: Opportunities – Tantalum Co-Product
Opportunities – Tantalum Co-Product A “bolt-on” tantalum recovery circuit has the potential to generate additional revenue with expected modest upfront CapEx investment Early-stage analysis results of bench-scale testwork on CV5 Pegmatite’s dense media separation (“DMS”) waste stream fractions has b
Slide 24: Opportunities
Opportunities Leveraging available offtake and critical minerals co-products LITHIUM ▪ Up to ~700 ktpa of SC5.5 spodumene concentrate production capacity remains uncommitted and available for future offtake with funding support. ▪ Scale and longevity combined with strong government incentives provid
Slide 25: Market Update
Market Update 25 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 26: Lower Battery Costs = Higher Battery Demand = Higher Lithium Demand
Lower Battery Costs = Higher Battery Demand = Higher Lithium Demand Source: Benchmark Minerals/Rho Motion research team, August-October 2025 26 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 27: Battery Demand Remains Very Robust
Battery Demand Remains Very Robust EV sales: up 23% as of October year to date (YTD), with BESS project pipeline for 2025 currently at 333 GWh, slightly ahead of September being an all-time record month at 2.1M vehicles. Sales expectations for the full year (FY) expectations2 and with an increasingl
Slide 28: Growth Surprises?
Growth Surprises? ▪ Buses and trucks could surprise the demand numbers. • Global medium and heavy-duty EV truck sales are up 140% YoY as of September 2025; China market share for EV trucks will be 14% this year1. ▪ Battery sizes are 4-20x larger than EVs2: • Buses/coaches: 200-500 KWh. • Medium duty
Slide 29: Thank you
Thank you 29 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 30: Appendix
Appendix 30 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 31: NI 43-101 Mineral Resource Statement
CV5 AND CV13 PEGMATITES NI 43-101 Mineral Resource Statement 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 32: NI 43-101 Mineral Reserve Statement
CV5 PEGMATITE 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
Slide 33: Peer Comparison Information – Production Capacity
PEER COMPARISON INFORMATION – PRODUCTION CAPACITY Name Ticker Project Name Stage Degree of Study Price Assumption (US$/t SC6) Mine Life Information Source - Current Production Capacity Information Source - Planned Expanded Capacity Pilbara Minerals PLS Pilgangoora Production ASX announcement dated A
Slide 34: 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 35: Peer Comparison Information – Lithium Pegmatite Mineral Reserves (Americas)
PEER COMPARISON INFORMATION – LITHIUM PEGMATITE MINERAL RESERVES (AMERICAS) Mineral Reserves Information Source(s) Company Project Stage Proven Probable Mt %Li2O Mt %Li2O PMET Resources Inc. Shaakichiuwaanaan Development – – 84.3 1.3% TSX announcement dated October 20, 2025. Sigma Lithium Corporatio
Slide 36: 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
PMET Resources — Investor Presentation (December 2025) on 6ix