Pmet Resources Inc. · TSX:PMET
Pmet Resources — Investor Presentation (February 2026)
41 slides from Pmet Resources's investor presentation, Feb 4, 2026
Slide 1: Shaakichiuwaanaan District Corporate Presentation
Shaakichiuwaanaan District Corporate Presentation February 2026
Slide 2: Important Information
IMPORTANT INFORMATION This presentation (together with oral statements made in connection herewith, this “Presentation”) is dated CURRENCY: Unless otherwise indicated all references to $ or CA$ in this release are to Canadian dollars. A February 4th, 2026, and has been prepared by PMET Resources Inc
Slide 3: Important Information
IMPORTANT INFORMATION Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking important factors that could cause actual ac
Slide 4: Important Information
IMPORTANT INFORMATION NI 43-101 AND JORC CODE (2012 EDITION) ASX COMPETENT PERSON STATEMENTS – SHAAKICHIUWAANAAN PROJECT Mineral Reserve and Mineral Resource estimates and Exploration Results are reported in accordance with THE INFORMATION IN THIS PRESENTATION WITH RESPECT TO THE FEASIBILITY STUDY (
Slide 5: PMET and Shaakichiuwaanaan Overview
PMET and Shaakichiuwaanaan Overview
Slide 6: Investment Highlights
Investment Highlights The Shaakichiuwaanaan Project is a strategic multi-commodity critical minerals asset, led by an experienced and successful management team, building a strong partnership with Volkswagen/PowerCo as its initial offtaker Multi-Critical Mineral Infrastructure Ready Favorable Market
Slide 7: 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 — a geological deposit type that concentrates three of the world's critical minerals that are in high demand, in significant quantit
Slide 8: Our Development Strategy
Our Development Strategy Diversify Downstream Unlock Value from Other Critical Minerals Lithium and potentially Caesium Chemicals Participation in future midstream and downstream Optimize and Deliver on processing opportunities to capture additional our Lithium Operation value along the chemical sup
Slide 9: Matching Project Timeline to the Lithium Supply Gap
Matching Project Timeline to the Lithium Supply Gap 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
Slide 10: Largest Lithium Pegmatite Resource in the Americas
Largest Lithium Pegmatite Resource in the Americas Mineral Resource data sourced through 2.00% July 11, 2025, from corporate disclosure of NI Production Development PMET 43-101, JORC, or equivalent regulatory body. Deposit/Project data presented includes the 108.0 Mt at 1.40% Li2O Indicated total re
Slide 11: 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 positioning the Company to become the 4th largest spodumene producer of SC5.5 globally1 and largest in the Americas. Uniquely positioned to facilitate North American, European, and Asia
Slide 12: Shaakichiuwaanaan Feasibility Study (FS) Key Metrics
Shaakichiuwaanaan Feasibility Study (FS) Key Metrics Nominal Annual Total Cash Estimated Mine Life Production Capacity Operating Costs AISC ~800 ktpa US$544/t US$597/t 3 4 ~ 20 Years Targeting FID in 2027 and (FOB Grande-Anse, Saguenay) commissioning from late 2029 After-Tax Payback After-Tax NPV8%
Slide 13: 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/ton increment in SC5.5 price1 Spodumene Spot Prices Key Insight: Robust lithium market fundamentals drive Feasibility Study increasing
Slide 14: A Cost-Competitive Project
A Cost-Competitive Project The current CV5 / lithium-only FS demonstrates the pathway to Shaakichiuwaanaan’s potential as a globally cost-competitive supplier of spodumene. • AISC of US$597/t1 • Cash Operating Cost at site of only US$382/t2. • Updated FS with optimization underway. • Inclusion of ca
Slide 15: Environment and Community Relations
Environment and Community Relations 15 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 16: Ongoing Stakeholder Engagement
Ongoing Stakeholder Engagement Cree Nation of Chisasibi – Primary Community • In person events / visits: every 6 weeks • Meetings & presentation: tallyman family, leadership and general community members. • Focus group Interviews with various organizations • Mine site visits for key Chisasibi stakeh
Slide 17: First Nation People
First Nation People Local employment and business opportunities Economic Opportunities • 37% spend on average in the last 3 months in Indigenous companies or JVs (Oct-Dec 2025) • Primary companies & JVs: • Muskw • Domco • Meeyobin Iywaashtin • Petronor • Niigaan 17 TSX: PMET ASX: PMT OTCQX: PMETF WB
Slide 18: Upcoming Catalysts and Opportunities
Upcoming Catalysts and Opportunities 18 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 19: 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 Nova Zone Bulk Sample Updated Feasibility Study Ta
Slide 20: Co-Products - Opportunity to Create Substantial Value
Co-Products - Opportunity to Create Substantial Value Tantalum and caesium present significant revenue potential beyond the primary spodumene concentrate production. These high-value metals have potential to substantially enhance project economics when integrated into the processing flowsheet. Tanta
Slide 21: Caesium
Caesium World’s largest known pollucite-hosted caesium pegmatite deposit confirmed at Shaakichiuwaanaan o Rigel Caesium Zone ▪ Indicated: 163,000 t at 10.25% Cs2O, 1.78% Li2O, and 646 ppm Ta2O5. o Vega Caesium Zone ▪ Indicated: 530,000 t at 2.61% Cs2O, 2.23% Li2O, and 172 ppm Ta2O5. ▪ Inferred: 1,69
Slide 22: Current and Future Uses of Caesium
Current and Future Uses of Caesium • Applications currently focused heavy media for the O&G drilling industry, catalysts and pharmaceuticals and the medical industry (Medical Imaging, i.e. MRI Why is Caesium machines), as well as atomic clocks and GPS (two critical defense uses). Important? • Howeve
Slide 23: Tantalum
Tantalum A “bolt-on” tantalum recovery circuit has potential to generate additional revenue with modest upfront CapEx investment expected Early-stage analysis results of bench-scale testwork on CV5 Pegmatite’s dense media separation (“DMS”) waste stream fractions has been promising2. Using these pre
Slide 24: Underground Bulk Sample – access to the Nova Zone
Underground Bulk Sample – access to the Nova Zone Accessing the underground mineralized zone at CV5, including targeting high-grade lithium-caesium- tantalum intercepts within the high-grade Nova Zone, to improve geological understanding. ▪ Authorisation process underway for 2,300 m underground ramp
Slide 25: Track Record of Drilling Success
Track Record of Drilling Success Largest lithium pegmatite resource in the Americas delivered in under 3 years 1 2021-2023: Foundation • 2021: Discovery hole – 147 m @ 0.92% Li2O (CF21-001)1. • 2022: Discovery of high-grade Nova Zone2. • 2023: Maiden MRE (Inferred) - largest in the Americas • 362 Dr
Slide 26: Market Dynamics
Market Dynamics 26 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 27: Long-Term BESS Tailwinds
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 surprises that could
Slide 28: Growth Surprises?
Growth Surprises? ▪ Buses and trucks could surprise battery demand numbers. • Global medium and heavy-duty EV truck sales have nearly tripled YoY; China market share for EV trucks was 20% in 20251. ▪ Battery sizes are 4-20x larger than EVs2: • Buses/coaches: 200-500 KWh. • Medium duty: 200-500 KWh.
Slide 29: Long-Term Supply Gap Aligned with Shaakichiuwaanaan's Production Timeline
Long-Term Supply Gap Aligned with Shaakichiuwaanaan’s Production Timeline PMET commercial production for Phase 1 (2030) and Phase 2 (2032) aligned with supply gaps1. Supply and Demand, Upside Scenario The 2030 supply gap is equal to Mt LCE approx. five (5) Shaakichiuwaanaan’s at 7.0 full production
Slide 30: Market Balance: Already gone?
Market Balance: Already gone? RBC believe that 2025 was already in deficit1. • Secular deficits are forecasted due to sustained growth and underinvestment in the raw materials supply capacity. Price action similar to previous undersupply cycles2. Source: 1. RBC: Lithium Market Pricing Outlook: Struc
Slide 31: What if Demand Surprises (again) like it did for solar?
What if Demand Surprises (again) like it did for solar? On average, actual solar installations have been 3-4x higher than five-year forecasts (see graph to the right).1 Analysts could be underestimating lithium demand like they underestimated solar power growth. A key to adoption of solar power has
Slide 32: Company Information
Company Information 32 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 33: 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 34: Corporate Structure and Shareholder Register
Corporate Structure Shareholder Register CDS and other 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 February 4th, 2026) : C$1.06B 14% 23% Cash (as of December 31st, 2025) C$
Slide 35: Appendix
Appendix 35 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
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
CV5 PEGMATITE NI 43-101Mineral NI 43-101 MineralReserve Reserve Statement 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 gr
Slide 38: 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 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 – Lithium Pegmatite Mineral Reserves (Americas)
PEER COMPARISON INFORMATION – LITHIUM PEGMATITE MINERAL RESOURCES (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 Corporati
Slide 41: 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
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