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PMET Resources Inc (ASX:PMT)

ALERT: Price-sensitive ASX Announcement for PMT
Current share price for PMT : $0.435 -0.23 (-34.59%)+
Announcement
Release
18 Jun 2026 8:27AM
Price at Release
$0.665
Full Release
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Summary
PMET Resources Inc. has entered into a non-binding Memorandum of Understanding with Mitsui & Co., Ltd. and Microwave Chemical Co., Ltd. to evaluate microwave calcination technology as part of its strategy to advance on-site lithium refining. The collaboration aims to utilize Québec's low-cost renewable hydroelectricity for lithium chemical processing at the Shaakichiuwaanaan Project in Québec, Canada. This initiative forms part of PMET's broader strategy to enhance supply chain resilience and reduce logistics intensity by producing higher-value lithium products locally. The pilot testing will occur in Osaka using spodumene samples from Shaakichiuwaanaan, with Mitsui and MWCC leading different facets of the project. This project aligns with PMET’s long-term diversification strategy and could potentially leverage significant reductions in transportation needs and offshore conversion dependencies.
Key Points
  • PMET has signed a non-binding MOU with Mitsui & Co., Ltd. and Microwave Chemical Co., Ltd.
  • The collaboration focuses on microwave calcination technology for lithium refining.
  • Project aims to use Québec's renewable hydroelectricity for on-site lithium processing.
  • Pilot plant testing will be conducted in Osaka using spodumene from Shaakichiuwaanaan.
  • The strategy seeks to enhance supply chain resilience and reduce logistics intensity.
  • The initiative is part of PMET’s long-term diversification strategy.
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.