Each one in plain English, with the numbers worked through for a shareholder.
21 Oct 2026drilling progress report● Neutral
The 2026 drill program has passed 30,000 m in over 250 holes, with seven rigs active and drilling to finish mid-November. It is focused on engineering, infill and a caesium zone at CV5; assays are expected in Q1 2027. A resource update (MRE-5) is due shortly.
After a routine Quebec regulator (AMF) review, PMET refiled its 2025 lithium-only feasibility study technical report to fix formatting, qualified-person certificates and clarifications on caesium, tantalum and gallium. The company says the study's economic and technical conclusions are unchanged.
PMET signed a letter of intent with the City of Matagami to transfer spodumene concentrate from trucks to rail there. Pricing and infrastructure contributions are still to be negotiated; a definitive agreement is targeted before a final investment decision.
Monthly CDI statement for September 2026: CDIs rose about 5.2m to 688.5m from net transfers between TSX shares and CDIs. All options and share units still show zero. Administrative; no operational news.
Koch Technology Solutions' Phase 2 bench tests showed high selectivity for caesium from Vega pollucite concentrate, giving a possible simpler route to high-purity caesium chemicals. Further work is needed to reach marketable samples; a follow-up program is being designed. It follows the July Phase 1 result.
September 2026 site visit presentation repeating known resource, reserve (84.3 Mt at 1.26% Li2O) and management facts. It states C$176M cash at 30 June 2026. No new results.
Shaakichiuwaanaan was included in the Canada Investment Summit prospectus (14-15 Sept 2026, Toronto). The release repeats known 2025 study, resource and PowerCo offtake facts; the updated feasibility study and PEA remain targeted for Q4 2026. No new financial commitment.
PMET has collected over 2.5 tonnes of pollucite (caesium) rock from the Vega outcrop using shallow large-diameter coring. It will feed ore-sorting tests from Q4 2026 and larger Koch chemical testwork; no new grades are reported.
Monthly CDI statement for August 2026: CDIs rose about 3.4m to 683.3m from net transfers between TSX shares and CDIs. All listed options, RSUs, PSUs and DSUs show zero at month end. Administrative; no operational news.
Unaudited quarter to 30 June 2026: cash C$176.2m (C$174.2m at 31 March), total assets C$501.9m, equity C$438.9m. Loss was C$2.1m versus C$1.7m a year earlier; general and administrative costs were C$6.0m. Not audited or reviewed.
Monthly CDI statement for July 2026: CDIs rose about 4.8m to 680.0m from net transfers between TSX shares and CDIs. Administrative; no operational news.
23 July 2026regulatory community update● NeutralMajor
PMET signed a non-binding letter of intent with the Cree Nation of Chisasibi setting a framework for engagement and information-sharing. It is explicitly not consent or endorsement for the project; any Impact Benefit Agreement remains a future possibility at Chisasibi's discretion.
Bench tests at SGS Lakefield extracted 97-98% of caesium from Vega pollucite concentrate using sulphuric acid, with impurities removed. Koch's Phase 1 also showed selective caesium recovery. Builds on the caesium resource; next step is making gram quantities of caesium chemicals.
Monthly CDI statement for June 2026: CDIs rose about 6.2m to 675.2m from net transfers between TSX shares and CDIs. All listed options, RSUs, PSUs and DSUs show zero at month end. Administrative; no operational news.
June 2026 corporate presentation repeating known resource, reserve and partner facts, adding the Primero/Mitsui/MWCC downstream work. It states C$174M cash, down from C$182M in the May presentation, and funding until FID in 2H 2027.
Annual Information Form for the year to 31 March 2026, dated 19 June, covering business, risks, governance, resources and mining claims. Visible text is the contents page and cautionary notes; no new figures shown.
Audited financial statements and MD&A for the year to 31 March 2026, with PwC's opinion that they present fairly. Visible text shows no figures; the auditor flagged exploration asset impairment indicators as a key audit matter.
Appendix 4G confirms the corporate governance statement for the year to 31 March 2026 is in the Annual Information Form (pages 41-51), approved by the board. Administrative; no new substance.
PMET signed a non-binding, non-exclusive MOU with Mitsui and Microwave Chemical to test microwave calcination on Shaakichiuwaanaan spodumene in an Osaka pilot plant. It extends the 14 June on-site refining concept study; no funding or commercial terms stated.
A concept study picked Primero's ALi atmospheric leach process as the preferred route to refine spodumene concentrate into lithium carbonate on site; bench tests made 99.8% Li2CO3. It is a longer-term option, not needed for the 2025 Feasibility Study base case.
Monthly CDI statement for May 2026: CDIs rose about 46.3m to 669.0m from net transfers between TSX shares and CDIs. Some RSUs and PSUs were forfeited or settled (54,824 each). Administrative; no operational news.
Société Générale gave a non-binding letter of interest to act as Mandated Lead Arranger for debt financing of Phase 1 of Shaakichiuwaanaan. It adds to the EDC and KfW IPEX-Bank support; it is not a credit approval or commitment.
Surface sampling found new pegmatite discoveries: Cosma caesium (4.4 m at 3.61% Cs2O, including 0.5 m at 16.43%) ~22 km west of CV5, Felix and Skald lithium (up to 2.94% Li2O), and Overload caesium at Pontax (7.53% Cs2O). Early-stage, outcrop and channel results only.
The 2026 summer-fall drill campaign began: about 45,000 m through October using 4-8 rigs. Roughly 25,000 m at CV5 supports bulk sample and feasibility work; ~18,000 m at CV13. Follow-up is planned on the new caesium lens north of Vega and on CV4.
PMET received non-binding letters of support from EDC, KfW IPEX-Bank and another major Canadian financial institution for project financing; none is a lending commitment. Volkswagen confirmed final approvals for about C$12m in the February 2026 raise, resolving that open thread.
Federal regulator IAAC deemed the ESIA complete; public consultation runs to 28 May 2026. Provincial review is under way. Updated CV5 Feasibility Study and a CV5+CV13 PEA target Q4 2026; the ~50,000 t bulk sample application awaits COMEX feedback in Q2.
May 2026 corporate presentation repeating known resource, reserve and Feasibility Study facts. It states C$182M cash and describes funding until FID, targeted 2H 2027. No new results in the visible text.
The 'ApplePick' pilot program produced 4.47 tonnes of 6.09% Li2O spodumene concentrate at 89.0% recovery using DMS only, from high-grade boulder feed (3.61% Li2O, not representative of the life-of-mine grade). Supports the updated Feasibility Study; tantalum testwork now underway.
Monthly CDI statement for April 2026: CDIs rose about 16.9m to 622.7m from net transfers between TSX shares and CDIs. 60,000 options were forfeited. Administrative; no operational news.
PMET started a caesium testwork program with Koch Technology Solutions, part of Koch Inc., to turn Shaakichiuwaanaan pollucite concentrate into high-value caesium chemicals. Builds on the caesium resource (0.69 Mt at 4.40% Cs2O Indicated); testwork only, no commercial terms or funding stated.