Pmet Resources Inc. · TSX:PMET
Pmet Resources — Investor Presentation (April 2026)
35 slides from Pmet Resources's investor presentation, Apr 1, 2026
Slide 1: Corporate Presentation April 2026
Corporate Presentation April 2026
Slide 2: Important Information
Important Information This presentation (together with oral statements made in connection This Presentation is for information purposes only and is not a prospectus, offering looking statements. Forward-looking statements involve known and unknown herewith, this “Presentation”) is dated April 1st, 2
Slide 3: 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 4: 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 5: PMET Resources and Shaakichiuwaanaan Overview
PMET Resources and Shaakichiuwaanaan Overview
Slide 6: Shaakichiuwaanaan Project: Rare Geology of Global Significance
Shaakichiuwaanaan Project: Rare Geology of Global Significance Shaakichiuwaanaan represents an extremely rare type of pegmatite deposit — Lithium- Caesium-Tantalum (LCT) — that has concentrated three of the world's critical minerals that are in high demand, in significant quantities. This deposit st
Slide 7: Shaakichiuwaanaan Project
Shaakichiuwaanaan Project Top 10 largest lithium1 pegmatite resource globally and the largest 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 costs, less risky C$182M
Slide 8: 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 9: Largest Lithium Pegmatite Resource in the Americas
Largest Lithium Pegmatite Resource in the Americas 2.00% Production Development PMET 108.0 Mt at 1.40% Li2O Indicated 33.4 Mt at 1.33% Li2O Inferred 1.80% 4.84 Mt contained LCE 1.60% PAK + Spark Grade (%Li2O) Grota do Cirilo 1.40% Separation Rapids Bandeira Whabouchi Root Colina Kings Mountain Galax
Slide 10: 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 11: 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 12: 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 13: Track Record of Drilling Success and Project Progress
Track Record of Drilling Success and Project Progress Largest lithium pegmatite resource in the Americas delivered in under 2 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 Nov
Slide 14: 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 Application Updated Feasibil
Slide 15: Co-Product Opportunities
Co-Product Opportunities - a key point of difference for PMET
Slide 16: 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 17: Current and Future Uses of Tantalum
Current and Future Uses of Tantalum ▪ Tantalum applications are very much technology oriented. It remains a key Market Size (Est. 2025): component of chip manufacturing due to its advantageous chemical and mineral Application Market Characterization 2,688t Ta characteristics 30% Critical for AI data
Slide 18: 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 19: Current and Future Uses of Caesium
Current and Future Uses of Caesium Market Size (Est. 2025): Application Market Characterization 1,300t 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 20: Lithium Market Dynamics
Lithium Market Dynamics
Slide 21: 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 22: 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 23: Supply Issues Arising
Supply Issues Arising ▪ Zimbabwe banning; 11% of global lithium supply at risk1. critical minerals exports • The government wants more in-country transformation of critical mineral raw materials. • Lithium sulphate plants (mid-stream product) getting built, but only one close to operating. • Export
Slide 24: Price action similar to previous undersupplied cycles
Price action similar to previous undersupplied cycles. $ 90,000 Historical LCE Price Recovery Timeline1 $ 80,000 $/t Chinese LCE Benchmark from Bottom Rally from Jul/2020 Bottom (~$5k/t) Rally from Jul/2014 Bottom (~$6k/t) $ 70,000 Rally from June/2025 Bottom (~$8k/t) $ 60,000 $ 50,000 $ 40,000 $ 30
Slide 25: Thank you
Thank you
Slide 26: Annex
Annex
Slide 27: 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 Insider 3% 13% CDS and other 25% 27% 27 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA
Slide 28: Corporate Structure
Corporate Structure Capital Structure In Millions Basic Shares Outstanding 183.6 Dilutive Securities 11.3 Fully Diluted Shares 194.9 Market Cap (as March 31st, 2026) : C$815M Cash (as of December 31st, 2025 + Net Proceeds of February 2026 Financings) C$182M Liquidity (Average Daily Volume, last 12 m
Slide 29: 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 $100/t increment in SC5.5 price1 NPV8% sensitivity to spodumene concentrate price (US$/t SC5.5, real) C$m Spodumene Spot Key Insight: 5,000
Slide 30: NI 43-101 Mineral Resource Statement
NI 43-101 Mineral Resource Statement CV5 AND CV13 PEGMATITES Consolidated MRE Caesium Zone MRE Conceptual Contained Contained Tonnes Li2O Cs2O Ta2O5 Ga Tonnes Cs2O Li2O Ta2O5 Mining Pegmatite Classification LCE Caesium Zone Classification Cs2O (t) (%) (%) (ppm) (ppm) (t) (%) (%) (ppm) Constraint (Mt
Slide 31: NI 43-101 Mineral Reserve Statement
NI 43-101 Mineral Reserve Statement CV5 PEGMATITE Tonnes Li2 O Contained LCE Area Classification (Mt) (%) (t) Proven - - - Open-Pit Probable 49.2 1.12 1.36 Proven - - - Underground Probable 35.1 1.45 1.26 Proven - - - Probable 84.3 1.26 2.62 Cut-off grade of 0.40% Li2O (open-pit) and 0.70% Li2O (und
Slide 32: Peer Comparison Information – Production Capacity
Peer Comparison Information – Production Capacity Mine Name Ticker Project Name Stage Degree of Study Price Assumption (US$/t SC6) Information Source - Current Production Capacity Information Source - Planned Expanded Capacity Life Pilbara Minerals PLS Pilgangoora Production ASX announcement dated A
Slide 33: 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 34: 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 35: 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