Slide 1: PMET Resources Site Visit - 2025
PMET RESOURCES Site Visit - 2025 September 2025
Slide 2: Site Visit Summary – Two Days
Site Visit Summary – Two Days Agenda Day 1 – Wednesday 17th September • Marriott Hotel: Conference Centre • Management meet-and-greet • Management presentation + dinner / drinks • Drinks continue….. DAY 2 – Thursday 18th September • Lobby meeting: 6:30am. • Pick-up from Marriott hotel to departure:
Slide 3: Site Visit Summary – Management Presentation Agenda
Site Visit Summary – Management Presentation Agenda • Safety Brief • Management Introductions • Geology • Shaakichiuwaanaan Project Update • Overview • Feasibility Update • By/Co-Product Opportunities • Infrastructure • Environment and Community Engagement • Re-branding exercise • Supply Chain Relat
Slide 4: Safety Briefing
Site Visit Summary – Management Presentation Safety Briefing • Greg Barfoot – VP, Project Development. • Helicopter and Site Safety Briefing videos. 6 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 5: 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 6: Project Overview
SHAAKICHIUWAANAAN — AN INCREDIBLE PIECE OF GEOLOGY FOR CRITICAL MINERALS Located in the James Bay region of Quebec, in close Project Overview proximity to high quality and critical road and power infrastructure, our hard rock critical-mineral project is globally significant. Our Shaakichiuwaanaan Pr
Slide 7: Geology
Geology
Slide 8: Shaakichiuwaanaan's LCT Pegmatite Clusters
SHAAKICHIUWAANAAN – A WORLD CLASS CRITICAL MINERALS PROJECT Shaakichiuwaanaan’s LCT Pegmatite Clusters 10 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 9: 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 10: Tantalum Opportunity at CV5
SHAAKICHIUWAANAAN – A WORLD CLASS CRITICAL MINERALS PROJECT • Shaakichiuwaanaan ranks as one of the largest Tantalum Opportunity at CV5 and highest-grade tantalum pegmatite Mineral Resources2 globally. • 108.0 Mt at 166 ppm Ta2O5, Indicated, and 33.4 Mt at 155 ppm Ta2O5, Inferred • Tantalum present
Slide 11: Tantalum Opportunity at CV5
SHAAKICHIUWAANAAN – A WORLD CLASS CRITICAL MINERALS PROJECT • Tantalite is commercially recovered as a by- Tantalum Opportunity at CV5 product from multiple lithium pegmatite operations globally using simple, well-understood and conventional methods – including Greenbushes, Pilgangoora, Wodgina, and
Slide 12: Largest Pollucite (Caesium) Pegmatite Resource in the World
SHAAKICHIUWAANAAN – A WORLD CLASS CRITICAL MINERALS PROJECT Largest Pollucite (Caesium) Pegmatite Resource in the World Pollucite-Hosted Caesium Pegmatite Mineral Resource by Grade and Tonnage 30.0% Production Development PMET Depleted Exhausted 1 kt Bubble size equated to contained Cs₂O (Kt) Cs₂O 2
Slide 13: Caesium Discovery – The Biggest in the World
SHAAKICHIUWAANAAN – A WORLD CLASS CRITICAL MINERALS PROJECT Caesium Discovery – The Biggest in the World1 • Rigel Caesium Zone • Indicated: 163,000 t at 10.25% Cs2O, 1.78% Li2O, and 646 ppm Ta2O5. • Vega Caesium Zone • Indicated: 530,000 t at 2.61% Cs2O, 2.23% Li2O, and 172 ppm Ta2O5. • Inferred: 1,
Slide 14: Pollucite at the CV13 Pegmatite – Rigel & Vega Zones
SHAAKICHIUWAANAAN – A WORLD CLASS CRITICAL MINERALS PROJECT Pollucite at the CV13 Pegmatite – Rigel & Vega Zones Pollucite mineralization in high-grade caesium drill intersection at ~64.5 m depth in drill hole CV23-271 at the Rigel Zone, CV13 Pegmatite. Interval grades 22.69% Cs2O over 1.0 m (64.0 m
Slide 15: Program ApplePick – Spodumene Concentrate at Scale
Program ApplePick – Spodumene Concentrate at Scale PROGRAM APPLEPICK • A larger scale sampling program at site, collecting surface boulder samples approximating deposit head grade, such that more spodumene concentrate can be piloted through DMS. • Additional concentrate assists with further testwork
Slide 16: Shaakichiuwaanaan Project Update
Shaakichiuwaanaan Project Update
Slide 17: Site Map
Shaakichiuwaanaan Site Map 19 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 18: Feasibility Study
Feasibility Study • The CV5 lithium only Feasibility Study (FS) is well underway. • The FS and the ESIA are pre-requisites for the next-steps of final mine authorization and maintaining the proposed development schedule. • FS scope will contemplate a nameplate design of up to 800ktpa of spodumene co
Slide 19: Next Steps – to FID
Next Steps – to FID There is no FID until market conditions, customer engagement and funding options support project development During the 12-24 month mine authorisation period leading into FID, detailed engineering continues at the project, focussed on: • Capital / Staging optimisation • Mining Se
Slide 20: More Critical Minerals Potential
More Critical Minerals Potential Li, Ta, Ga, Cs, are ALL on the Critical Mineral Lists from: Canada USA EU (all excluding Cs) Japan None of the Critical Minerals currently have a functioning North American supply chain according to a recent BMO Report1. Source: 1. BMO Critical Minerals: Anticipating
Slide 21: Caesium Discovery – The Biggest in the World
SHAAKICHIUWAANAAN — GEOLOGY/RESOURCES – OTHER CRITICAL METALS • World’s largest known pollucite-hosted caesium Caesium Discovery – pegmatite deposit confirmed at the Shaakichiuwaanaan The Biggest in the World1 Project o Rigel Caesium Zone Indicated: 163,000 t at 10.25% Cs2O, 1.78% Li2O, and 646 pp
Slide 22: Why is Caesium Important?
SHAAKICHIUWAANAAN — A GLOBALLY SIGNIFICANT CAESIUM DEVELOPMENT OPPORTUNITY Why is Caesium Important? • Caesium applications are predominantly focused on the medical industry (Medical Imaging, i.e. MRI machines), heavy media for the O&G industry, atomic clocks and GPS (two critical defense uses). • H
Slide 23: Other Critical Metals – Tantalum
SHAAKICHIUWAANAAN — GEOLOGY/RESOURCES Other Critical Metals – Tantalum • Shaakichiuwaanaan ranks as one of the biggest tantalum pegmatite Mineral Resources. • Tantalum is a critical and strategic metal in key Western world jurisdictions. • Tantalum is used in electronics (primarily capacitors), aero
Slide 24: Other Critical Metals – Gallium
SHAAKICHIUWAANAAN — GEOLOGY/RESOURCES Other Critical Metals – Gallium • Gallium is a critical and strategic metal in key Western world jurisdictions. • China controls 90%+ of Gallium market and has banned all exports to the US in late 20241. • It is a critical component in high-tech applications and
Slide 25: Environment and Community Relations
Environment and Community Relations 27 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 26: Stakeholder Engagement
Stakeholder Engagement Cree Nation of Chisasibi – Primary Community • In person events / visists: every 6 weeks • Meetings & presentation: tallyman family, leadership and general community members. • Interviews wit various organizations • Mine site visits for key Chisasibi stakeholders • Special eve
Slide 27: Local employment and business opportunities
First Nation People on the project Local employment and business opportunities Economic Opportunities • 34% spend on average in the last 3 months in Indigenous companies or JVs • Primary companies & JVs: • Muskw • Domco • Meeyobin Iywaashtin • Petronor • Niigaan 29 TSX: PMET ASX: PMT OTCQX: PMETF WB
Slide 28: Mining Approval Process
SHAAKICHIUWAANAAN PROJECT Mining Approval Process Project Description Environmental Impact Assessment Report COMEX Decision + IAAC Decision + IBA Signature = Project Approval Project Guidelines Baseline Data collection Note that additional permits and authorizations are required once positive Pr
Slide 29: Re-branding Exercise
Re-branding Exercise 31 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 30: Patriot Battery Metals to become PMET Resources
Patriot Battery Metals to become PMET RESOURCES on September 18th, at 5pm. Then… Patriot Battery Metals Patriotbatterymetals.com 32 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 31: Now! PMET Resources
Patriot Battery Metals to become PMET RESOURCES on September 18th, at 5pm. Now! PMET RESOURCES PMET.ca 33 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 32: Why the Change?
Why the Change? The time is right to re-brand as the Company makes its final way towards mine authorisation of the Shaakichiuwaanaan project. A new brand with a new strategy to realise the full potential of all critical minerals in the Company’s resource. • A fresh brand that better positions the Co
Slide 33: Corporate / Funding
Corporate / Funding 35 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 34: Tier 1 Offtake Partner Secured
Tier 1 Offtake Partner Secured • VW Group invested C$69M1, a 65% premium to 30-day VWAP2, in December 2024. • PowerCo, 100% owned by VW Group, established to consolidate activities along VW’s supply chain for batteries – from securing raw materials and processing to battery manufacturing. • 100ktpa,
Slide 35: Canada-Germany Highlights
Canada-Germany Highlights • Canadian and German governments working together for strong economic co-operation1. • kfW Raw Materials Fund to support the supply of critical raw materials into Europe and Germany. Source: • Canada-Germany Joint Declaration of Intent for raw materials supply, inclusive o
Slide 36: North American Downstream Landscape
North American Downstream Landscape Supply (weighted, thousand tonnes LCE) 325 Demand (Thousand tonnes LCE) 225 153 129 24 42 Earlier Stage Fully Funded 2024 2027 2030 Operating Select EV cell plants Others Plant (commissioning 4 plants 4 plants 5 plants (planned) 2027) (operating and planned) (oper
Slide 37: Corporate snapshot
Corporate snapshot Corporate Structure Shareholder Register Unknown Oceania Capital Structure CAD (m) 33% 29% Basic Shares Outstanding 162.2 Dilutive Securities 6.9 Asia Fully Diluted Shares 169.1 2% Europe North America Market Cap (as September 17 , 2025) :th $564 13% 23% Cash (as of June 30, 2025)
Slide 38: Lithium Supply/Demand Drivers
Lithium Supply/Demand Drivers
Slide 39: Battery Demand Remains Very Robust
Battery Demand Remains Very Robust EV sales: up 27% as of July year to date, re-accelerating vs 2024 BESS installations are at 141 GWh as of July, same as the whole market of 26% growth. Full year expectations1: 2023. Full year expectations2: Source: 1,2: Rho Motion Battery Energy Stationary Storage
Slide 40: EV Sales Re-Accelerating
EV Sales Re-Accelerating EV sales: Battery pack sizes increasing and sales are up 27% as of Penetration rates continue to generally go up, globally reaching July, re-accelerating vs 2024 26% growth year to date1: 20.6% in H1 20252: Source: 1,2: Rho Motion EV Battery Forecast, Q3 2025 and July 2025 u
Slide 41: Analysts Starting to Notice…
Analysts Starting to Notice… Have they increased numbers enough? Lithium Demand - LCE Demand (% growth) 2025 • Recent bumps from Canaccord, UBS and Macquarie. Firm A 18% Firm B 22% • The average, while removing highest and Firm C 13% lowest growth number, is at 20% LCE demand growth for 2025 vs batt
Slide 42: 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 their five-year forecasts (see graph to the left).1 Analysts could be underestimating lithium demand like they underestimated solar power growth. A key to adoption of solar power
Slide 43: Relentless Efficiency Gains
Relentless Efficiency Gains China keeps improving the efficiency of batteries in both EVs and BESS1. Lithium-ion battery prices have declined from $1400/KWh in 2010 to $60- 70/KWh in 20252. Source: 1. Rho Motion Battery Energy Stationary Storage Outlook Q3 2025. 2. IEA Batteries and Secure Energy Tr
Slide 44: A lot more BESS needed to achieve Net Zero Emission
A lot more BESS needed to achieve Net Zero Emission The IEA believes the world needs 1.2 TWh of BESS in Growth 2030 for Net Zero Emission targets of Paris Accord1. 2024 2030 CAGR 80% of renewables growth is solar until 20302. Rho Motion (base) 214 850 26% Longer duration = increased BESS GWh demand.
Slide 45: Growth Surprises?
Growth Surprises? • Buses and trucks could surprise the demand numbers. • Battery sizes are 4-20x larger than EVs: • Buses/coaches: 200-500 KWh. • Medium duty: 200-500 KWh. • Heavy duty: 200-1,000 KWh. Source:: Rho Motion, “Bus & Truck Appendix” Q3 2025 47 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 46: Long Term Demand/Supply Gap
Long Term Demand/Supply Gap Market balance is balanced soon and deficits become embedded shortly after. Average deficits1: • 2030-2035: 91Kt LCE/yr avg. • 2035-2040: 600Kt LCE/yr avg. Supply (Mt Demand CAGR Demand Year Demand (Mt LCE) LCE) vs 2024 Multiple vs 2024 2024 ~1.2 ~1.1 – 1.0x 2030 ~2.7 ~2.
Slide 47: Thank You
Thank You 49 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 48: Appendix
Appendix
Slide 49: Infrastructure Upside, La Grande Alliance
SHAAKICHIUWAANAAN – MINING, PROCESSING, AND INFRASTRUCTURE Infrastructure Upside, Road between Renard Mine and the Trans-Taiga1 • During Years 6-15 of LGA plan, a proposed road extension between La Grande Alliance the Renard Mine and the Trans-Taiga Road is envisioned • This key piece of infrastruct
Slide 50: 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 51: Peer Comparison – 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 Mineral Resource data PMET Resources Inc. Shaakichiuwaanaan Development - – – 108.0
Slide 52: Peer Comparison – Lithium Pegmatite Mineral Reserves (Americas)
PEER COMPARISON INFORMATION – LITHIUM PEGMATITE MINERAL RESERVES (AMERICAS) Mineral Reserves Information Source(s) Company Project Stage Proven Probable %Li2 Mt Mt %Li2O O PMET Resources Inc. Shaakichiuwaanaan Development – – – – Sigma Lithium Corporation Grota do Cirilo Production 39.9 1.3% 36.4 1.
Slide 53: Peer Comparison – Pollucite-Hosted Caesium Pegmatite Mineral Resources
PEER COMPARISON INFORMATION – POLLUCITE-HOSTED CAESIUM PEGMATITE MINERAL RESOURCES (GLOBAL) Mineral Resources Company Project Stage Indicated Inferred Historical Comments Information Source(s) Tonnes % Cs₂O Tonnes % Cs₂O Tonnes % Cs₂O In-situ caesium zone Mineral Inventory File No. 187, Government S
Slide 54: Important Information
IMPORTANT INFORMATION This presentation is dated September 17, 2025, and has been prepared by PMET Resources Inc (Company) The non-IFRS financial measures and non-IFRS financial ratios used in this presentation and common to the and is authorised for release by Managing Director, Ken Brinsden. minin
Slide 55: Disclaimer for Forward-Looking Information
DISCLAIMER FOR FORWARD-LOOKING INFORMATION This presentation contains “forward-looking information” or “forward-looking statements” within the meaning of mineral resource estimation risks; exploration, development and operating risks and costs; the Company’s applicable Securities Laws. dependence up