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PMET Resources Inc (ASX:PMT)

ALERT: Price-sensitive ASX Announcement for PMT
Current share price for PMT : $0.535 -0.075 (-12.30%)+
Announcement
Release
15 Jun 2026 8:49AM
Price at Release
$0.610
Full Release
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Summary
PMET Resources Inc. has completed a concept study identifying a potential refining pathway for processing spodumene concentrate into battery-grade lithium carbonate at the Shaakichiuwaanaan site. Using Primero’s proprietary ALi® atmospheric leach process, the study shows potential economic benefits, including logistics efficiency and alignment with sustainability goals by utilizing Québec's renewable energy. The study supports Canada's and Québec's strategic goals for domestic processing of critical minerals. Further testwork is underway to explore on-site value-added processing and future economic benefits.
Key Points
  • Concept study identifies potential refining pathway at Shaakichiuwaanaan.
  • Potential to produce battery-grade lithium carbonate on-site using the ALi® process.
  • Study completed in collaboration with Primero, a subsidiary of NRW Holdings.
  • Bench scale tests achieved 99.8% purity in lithium carbonate.
  • Aligns with Canada’s and Québec’s goals for domestic processing of critical minerals.
  • Potential to reduce carbon intensity and improve supply chain efficiencies using Québec's renewable energy.
  • Further work expected to focus on capturing economic benefits through electric calcination.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.