PMET Resources delivers enhanced CV5 lithium-tantalum feasibility study

PMET Resources Inc. on November 11 announced the results of its Updated CV5 Feasibility Study at the Company's wholly owned Shaakichiuwaanaan Property located in the Eeyou Istchee James Bay region of Quebec, Canada.

Higher Phase 1 annual production, ramping up to ~560,000 tpa of spodumene concentrate (SC5.5) in the first 3 years of production;

Phase 2 ramps production capacity to up to ~800,000 tpa of spodumene concentrate (SC5.5), with Phase 1 and 2 over LOM of ~20 years.
Average LOM yearly production of tantalite concentrate ~635,000 lbs per year (contained Ta2O5) for Phase 1 and 2 and up to ~455,000 lbs per year of contained Ta2O5 in Phase 1.

Maiden tantalum Mineral Reserve declared and lithium Mineral Reserve largely unchanged: 83.0 Mt at 1.27% Li2O and 148 ppm Ta2O5 (Probable).

Underground first providing early access to the high-grade Nova Zone is expected to derisk Phase 1 execution and seasonality risk, targeting plant commissioning from the latter part of 2029.