PMET submits environmental assessment for Quebec lithium project

PMET Resources (TSX; PMET; US-OTCQX: PMETF) submitted its environmental and social impact assessment for the Shaakichiuwaanaan CV5 lithium project in Quebec, marking the most significant milestone in the project's permitting journey.

"Moving from discovery to a formal ESIA submission and a completed feasibility study in roughly four years is a testament to the quality and scale of Shaakichiuwaanaan and the dedication of our team. Congratulations to our team and external advisors for their contributions to our premier project, creating a strong platform for our continuing engagement with the Cree and regulators as our project continues down the development pipeline," CEO and President Ken Brinsden said.

Dual regulatory review process

The company filed the ESIA with both provincial and federal authorities for review. The assessment addresses requirements under Section 22 of the James Bay and Northern Quebec Agreement and will undergo review by the federal Impact Assessment Agency of Canada.

The ESIA submission caps over four years of baseline data collection, technical evaluations, and engagement with Cree communities, local stakeholders, and government partners. Combined with the feasibility study released in October 2025, the documents provide comprehensive data for government review of the lithium project.

Comprehensive environmental scope

The environmental assessment covers multiple areas including air quality, water resources, terrestrial and aquatic ecosystems, soil and geology studies. The company conducted extensive dialogue with the Cree Nation regarding cultural heritage and traditional land use, while assessing socioeconomic impacts on employment, community infrastructure and supply chain benefits.

PMET also evaluated cumulative effects from other regional projects, climate resilience and greenhouse gas emissions, plus detailed strategies to minimize environmental and social impacts.

Grace Barrasso, PMET's executive vice president of ESG and corporate affairs, emphasized the collaborative approach taken.

"The submission of this ESIA represents the culmination of years of rigorous scientific field work and meaningful dialogue with our Cree partners. Our goal is to develop Shaakichiuwaanaan as a model for sustainable critical mineral extraction in North America, ensuring that the environmental and social values of the Eeyou Istchee are protected while contributing to the global energy transition," Barrasso commented.

Mine authorization pathway

The ESIA and feasibility study form the dual pillars of the government's mine authorization process for the proposed hybrid open-pit and underground mine. The documents detail technical viability, environmental safeguards, and social integration plans.

Following the submission, the federal government will initiate a public review period for comments from communities, regulators and stakeholders. The report will be available on the Shaakichiuwaanaan mining project page on the Canadian Impact Assessment Registry and Quebec portals.

Production timeline advances

PMET remains committed to maintaining a transparent approval process while working with all government levels and the Cree Nation to bring the lithium asset into production. The company focuses on advancing its district-scale Shaakichiuwaanaan Property in Quebec's Eeyou Istchee James Bay region, accessible year-round by all-season road and near regional hydro-power infrastructure.

Project economics and resources

The late 2025 feasibility study outlined a positive lithium-only operation on the CV5 Pegmatite, declaring an inaugural mineral reserve of 84.3 million tonnes at 1.26% lithium oxide. The study targets up to 800,000 tonnes per year of spodumene concentrate using a simple dense media separation process.

The project hosts consolidated mineral resources totalling 108.0 million tonnes at 1.40% lithium oxide (indicated) and 33.4 million tonnes at 1.33% lithium oxide (inferred), ranking among the top ten lithium pegmatites globally. Additionally, the project contains the world's largest pollucite-hosted caesium pegmatite mineral resource.

More information is posted at www.Pmet.ca