Latest Pmet Resources (ASX:PMT) News

PMET Resources posted a CAD 2.1 million net loss for Q1 2026, bolstered by strategic partnerships and a strong cash position as it pushes forward with its flagship Shaakichiuwaanaan lithium project.

PMET Resources has formalised its engagement with the Cree Nation of Chisasibi through a non-binding Letter of Intent, setting a framework for ongoing dialogue and assessment around its Shaakichiuwaanaan lithium project in Quebec.

Wild swings hit the ASX this week, with Janus Electric doubling, Aura sliding almost 30%, and TechGen jumping more than 22%. Big news kept landing, but many stocks still fell as early gains faded and traders locked in profits.

Big project news kept landing across gold, rare earths and battery minerals, but many small-cap share prices still fell hard. The week belonged to a giant gold merger at the top end, while further down the board early excitement often gave way to selling.

PMET Resources has achieved over 97% caesium extraction from pollucite concentrate using sulphuric acid leaching at SGS Canada, while parallel proprietary testwork with Koch Technology Solutions advances value-added caesium chemical pathways.

Small caps drove the week, with battery, resources and education names posting the biggest gains. Deal news, funding rounds and fresh drilling plans kept traders busy, while a few discounted raisings hit hard.

PMET Resources has partnered with Mitsui and Microwave Chemical to test microwave calcination technology for on-site lithium refining at Shaakichiuwaanaan, aiming to leverage Quebec’s renewable hydro power to boost value capture and reduce logistics.

PMET Resources has identified a promising pathway to refine spodumene concentrate into battery-grade lithium carbonate directly at its Shaakichiuwaanaan site in Quebec, using Primero’s ALi® atmospheric leach process. Bench-scale tests produced 99.8% pure lithium carbonate, suggesting potential logistics and carbon footprint advantages.

A handful of extreme moves set the tone, from DXN’s explosive AI data centre rerating to steep sell-offs in small-cap explorers. Deals, funding and fresh drilling results drove the week, but several gap-ups lost steam as traders banked profits.

Exploration wins and funding deals kept the materials sector busy, but price action was uneven. Big winners came from fresh drill results and new targets, while several stocks gave back early gains after trading resumed.

PMET Resources has received a non-binding Letter of Interest from Société Générale to act as Mandated Lead Arranger for debt financing of the Phase 1 development of its Shaakichiuwaanaan lithium project in Quebec, advancing its syndicate-building strategy ahead of an updated feasibility study.

PMET Resources has unveiled several new high-grade lithium, caesium, and tantalum pegmatite discoveries across its flagship Shaakichiuwaanaan Property and adjacent holdings in Quebec, significantly expanding the known mineralised footprint and reinforcing its critical minerals credentials.