Share issuance to VW Group
PMET Resources Inc.
Suite 900 - 1801 McGill College, Montreal, Qc, Canada, H3A 1Z4
www.pmet.ca / TSX: PMET / ASX: PMT / OTC: PMETF / FSE: R9GA
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Share issuance to VW Group
December 18, 2025 – Montréal, QC, Canada December 19, 2025 – Sydney, Australia
PMET Resources Inc. (the “Company” or “PMET”) (TSX: PMET) (ASX: PMT)
(OTCQX: PMETF) (FSE: R9GA) is pleased to advise that its largest strategic investor,
Volkswagen Finance Luxemburg S.A. ( Volkswagen), has accepted an offer by the Company to
subscribe for 89,125 fully paid common shares in the Company at an issue price of $4.03 per share,
pursuant to the Investor Rights Agreement with the Company , for aggregate gross proceeds of
approximately $359,000. The Company expects to use such proceeds for general c orporate
purposes.
Volkswagen's subscription follows the recent issuance of shares by the Company to Azimut
Exploration Inc. and SOQUEM Inc at a deemed issue price of $3.68 per share as part of the Pikwa
acquisition announced on 12 November 2025.
The Toronto Stock Exchange has conditionally approved the issuance of the 89,125 shares to
Volkswagen. The shares will be issued in accordance with the Company’s existing placement
capacity under the ASX Listing Rule 7.1.
About PMET Resources Inc.
PMET Resources Inc. is a pegmatite critical mineral exploration and development company focused
on advancing its district -scale 100% -owned Shaakichiuwaanaan Property located in the Eeyou
Istchee James Bay region of Quebec, Canada, which is accessible year -round by all -season road
and proximal to regional hydro-power infrastructure.
In late 2025, the Company announced a positive lithium-only Feasibility Study on the CV5
Pegmatite (the “Feasibility Study”) and declared a maiden Mineral Reserve of 84.3 Mt at 1.26%
Li2O (Probable)1. The study outlines the potential for a competitive and globally significant high -
grade lithium project targeting up to ~800 ktpa spodumene concentrate using a simple Dense
Media Separation (“DMS”) only process flowsheet. Further, t he results highlight
Shaakichiuwaanaan as a potential North American critical mineral powerhouse with significant
opportunity for tantalum and caesium in addition to lithium.
1 See Feasibility news release dated October 20, 2025. Probable Mineral Reserve c ut-off grade is 0.40% Li2O (open-pit) and 0.70% Li 2O
(underground). Underground development and open -pit marginal tonnage containing material above 0.37% Li 2O are also included in the
statement. Effective Date of September 11, 2025.
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The Project hosts a Consolidated Mineral Resource2 totalling 108.0 Mt at 1.40% Li2O and 166 ppm
Ta2O5 (Indicated), and 33.4 Mt at 1.33% Li 2O and 155 ppm Ta 2O5 (Inferred), and ranks as the
largest3 lithium pegmatite resource in the Americas, and in the top ten globally. Additionally, t he
Project hosts the world’s largest pollucite-hosted caesium pegmatite Mineral Resource at the Rigel
and Vega zones with 0.69 Mt at 4.40% Cs2O (Indicated), and 1.70 Mt at 2.40% Cs2O (Inferred).
For further information, please contact us at [email protected] or by calling +1 (604) 279- 8709, or
visit www.pmet.ca. Please also refer to the Company’s continuous disclosure filings, available under
its profile at www.sedarplus.ca and www.asx.com.au, for available exploration data.
This news release has been approved by
“KEN BRINSDEN”
Kenneth Brinsden, President, CEO, & Managing Director
Olivier Caza-Lapointe
Head, Investor Relations
T: +1 (514) 913-5264
Qualified Person(s)
The technical and scientific information in this news release that relates to the Mineral Resource
Estimate and exploration results for the Company’s properties is based on, and fairly represents,
information compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined
by National Instrument 43 -101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) , and
member in good standing with the Ordre des Géologues du Québec (Geologist Permit number
01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member
number 87868). Mr. Smith has reviewed and approved the related technical information in this
news release.
Mr. Smith is an Executive and Vice President of Exploration for PMET Resources Inc. and holds
common shares, Restricted Share Units (RSUs), and Performance Share Units (PSUs) in the
Company.
The information in this news release that relates to the Feasibility Study and Mineral Reserve
Estimate is based on, and fairly represents, information compiled by Mr. Frédéric Mercier-Langevin,
Ing. M.Sc., who is a Qualified Person as defined by NI 43-101, and member in good standing with
the Ordre des Ingénieurs du Québec. Mr. Mercier-Langevin has reviewed and approved the related
technical information in this news release.
2 The Consolidated MRE (CV5 + CV13 pegmatites), which includes the Rigel and Vega caesium zones, totals 108.0 Mt at 1.40% Li2O, 0.11%
Cs2O, 166 ppm Ta2O5, and 66 ppm Ga, Indicated, and 33.4 Mt at 1.33% Li 2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga, Inferred,
and is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.70% Li2O (underground CV13). A grade
constraint of 0.50% Cs2O was used to model the Rigel and Vega caesium zones. The Effective Date is June 20, 2025 (through drill hole CV24-
787). Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. Mineral Resources are inclusive of
Mineral Reserves.
3 Determination based on Mineral Resource data, sourced through July 11, 2025, from corporate disclosure.
3
Mr. Mercier-Langevin is the Chief Operating and Development Officer for PMET Resources Inc.
and holds common shares, options, Restricted Share Units (RSUs), and Performance Share Units
(PSUs) in the Company.
Competent Person Statement (ASX Listing Rules)
The information in this news release that relates to the Feasibility Study (“FS”) for the
Shaakichiuwaanaan Project, which was first reported by the Company in a market announcement
titled “ PMET Resources Delivers Positive CV5 Lithium -Only Feasibility Study for its Large -Scale
Shaakichiuwaanaan Project” dated October 20, 2025 (Montreal time) is available on the Company’s
website at www.pmet.ca , on SEDAR+ at www.sedarplus.ca and on the ASX website at
www.asx.com.au. The production target from the Feasibility Study referred to in this news release
was reported by the Company in accordance with ASX Listing Rule 5.16 on the date of the original
announcement. The Company confirms that, as of the date of this news release, all material
assumptions and technical paramete rs underpinning the production target in the original
announcement continue to apply and have not materially changed.
The Mineral Resource and Mineral Reserve Estimates in this release were first reported by the
Company in accordance with ASX Listing Rule 5.8 and 5.9 in market announcements titled "World's
Largest Pollucite-Hosted Caesium Pegmatite Deposit" dated July 20, 2025 (Montreal time) and “PMET
Resources Delivers Positive CV5 Lithium -Only Feasibility Study for its Large- Scale Shaakichiuwaanaan
Project” dated October 20, 2025 (Montreal time) and are available on the Company’s website at
www.pmet.ca, on SEDAR+ at www.sedarplus.ca and on the ASX website at www.asx.com.au. The
Company confirms that, as of the date of this news release, it is not aware of any new information
or data verified by the competent person that materially affects the information included in the
relevant announcement and that all material assumptions and technical parameters underpinning
the estimates in the relevant announcement continue to apply and have not materially changed.
The Company confirms that, as at the date of this announcement, the form and context in which
the competent person’s findings are presented have not been materially modified from the original
market announcement.