PMET Resources Inc.
Price History
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About PMET Resources Inc.
PMET Resources Inc. (PMET.TO) is a lithium mining company listed on the Toronto Stock Exchange (TSX). Our project database tracks 8 projects for PMET Resources Inc. with technical and economic data extracted from company filings. Its flagship Shaakichiuwaanaan (Corvette) (PEA) carries an after-tax NPV of C$2.90B and an IRR of 34% over a 24-year mine life.
PMET Resources is an early-stage lithium exploration company focused on discovering and developing lithium deposits across prospective regions. The company aims to advance exploration projects to support the battery metals supply chain.
Primary Commodities
Lithium
Project Economics
Shaakichiuwaanaan Project
Lithium· Eeyou Istchee James Bay, Quebec, Canada· Development
Mine TypeOpen-pit & Underground
Source: Company presentation
Shaakichiuwaanaan (Broader Project CV5+CV13 - PEA expected YE 2026)
Lithium, Caesium, Tantalum· Quebec, Canada· Development
PEA
2026
Mine TypeOpen-pit & Underground
Ownership100%
- Mineral Resources
- Same consolidated MRE as above: Indicated 107,991,000 t at 1.40% Li2O, 0.11% Cs2O, 166 ppm Ta2O5, 66 ppm Ga; Inferred 33,380,000 t at 1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, 65 ppm Ga.
Source: Company presentation
Shaakichiuwaanaan Project (CV5 Pegmatite)
Lithium· Canada, Québec (Eeyou Istchee James Bay region)· Development
Feasibility
Nov 2025
NPV (After-Tax) @ 8%C$1.59B
NPV (Pre-Tax)C$2.51B
IRR (After-Tax)18.1%
Initial CapexC$1.50B
Payback4.9 yrs
AISC799.8 CAD/t conc
Mine TypeOpen-pit & Underground
Strip Ratio3.40
Ownership100%
Contained Metal3.8 Mt LCE
- Mineral Reserves
- 84.3 Mt at 1.26% Li2O for 2,620.7 kt LCE (Probable only; no Proven)
- Mineral Resources
- Indicated: 107,991,000 t at 1.40% Li2O for 3.75 Mt LCE; Inferred: 33,380,000 t at 1.33% Li2O for 1.09 Mt LCE (CV5 & CV13, inclusive of Mineral Reserves)
Source: Technical report
Shaakichiuwaanaan (CV5 Lithium Only)
Lithium· Quebec, Canada· Development
Feasibility
Oct 2025
NPV (After-Tax) @ 8%C$1.50B
Annual Production800 ktpa SC5.5 spodumene concentrate
Mine TypeOpen-pit & Underground
Ownership100%
Contained Metal3.8 Mt LCE (Indicated total)
- Mineral Reserves
- 84.3 Mt at 1.26% Li2O (Probable Mineral Reserve, CV5 Pegmatite, cut-off 0.40% Li2O open-pit, 0.70% Li2O underground; effective date Sep 11, 2025)
- Mineral Resources
- Indicated: 107,991,000 t at 1.40% Li2O, 0.11% Cs2O, 166 ppm Ta2O5, 66 ppm Ga; Inferred: 33,380,000 t at 1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, 65 ppm Ga (Consolidated MRE CV5+CV13, effective June 20, 2025)
Source: Company presentation
Shaakichiuwaanaan - Caesium (Rigel & Vega Zones)
Caesium· James Bay region, Quebec, Canada· Development
Resource Estimate
Jun 2025
Mine TypeOpen-pit (conceptual mining shape)
Ownership100%
Contained Metal30.5 kt Cs2O (Indicated)
- Mineral Resources
- Rigel Indicated: 163,000 t at 10.25% Cs2O; Vega Indicated: 530,000 t at 2.61% Cs2O; Vega Inferred: 1,698,000 t at 2.40% Cs2O
Source: Technical report
Shaakichiuwaanaan - Tantalum
Tantalum· James Bay region, Quebec, Canada· Development
Resource Estimate
Jun 2025
Ownership100%
- Mineral Resources
- See Consolidated MRE: 166 ppm Ta2O5 Indicated, 155 ppm Ta2O5 Inferred
Source: Technical report
Shaakichiuwaanaan (Corvette)
Lithium· James Bay region, Quebec, Canada· Development
PEA
Aug 2024
NPV (After-Tax) @ 8%C$2.90B
IRR (After-Tax)34%
Initial CapexC$640M
Payback3.6 yrs
AISC593 USD/t
Mine Life24 yrs
Annual Production800 kt SC5.5
Head Grade1.31% Li2O
Recovery69.5%
Mine TypeOpen-pit & Underground
Ownership100%
Contained Metal4.8 Mt LCE
- Mineral Resources
- Indicated: 108.0 Mt at 1.40% Li2O, 166 ppm Ta2O5, 66 ppm Ga; Inferred: 33.3 Mt at 1.33% Li2O, 156 ppm Ta2O5, 65 ppm Ga
Source: Technical report
Shaakichiuwaanaan (CV5 & CV13 Pegmatites)
Lithium· James Bay region, Quebec, Canada· Development
PEA
Aug 2024
NPV (After-Tax)C$2.90B
IRR (After-Tax)34%
Payback3.6 yrs
AISC560 USD/t (FOB Bécancour)
Mine Life24 yrs
Mine TypeOpen-pit & Underground
Ownership100%
Contained Metal4.8 Mt LCE
- Mineral Resources
- 108.0 Mt at 1.40% Li2O Indicated; 33.4 Mt at 1.33% Li2O Inferred
Source: Technical report
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
Financial Metrics
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Frequently Asked Questions
- What does PMET Resources Inc. mine?
- PMET Resources Inc. is focused on Lithium.
- What is the economic value of PMET Resources Inc.'s Shaakichiuwaanaan (Corvette)?
- According to its PEA, Shaakichiuwaanaan (Corvette) has an after-tax NPV of C$2.90B and an IRR of 34%.
- What exchange is PMET Resources Inc. listed on?
- PMET Resources Inc. trades under the ticker PMET.TO on the Toronto Stock Exchange (TSX).
- How many projects does PMET Resources Inc. have?
- We track 8 projects with extracted technical and economic data for PMET Resources Inc.
Quick Facts
- Ticker Symbol
- PMET.TO
- Market Cap
- Small Cap
- Category
- Lithium
- Commodities
- Lithium
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.
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