PMET Resources Inc (TSX: PMET) – Where Global Lithium Demand Meets a World-Class Supply

Ticker: TSX: PMET | Sector: Lithium / Development | Rating: BUY | Price Target: C$6.78 | Date: 5 Dec 2025

Executive Summary

PMET Resources is entering one of the most important phases in its growth story. With the flagship Shaakichiuwaanaan lithium project advancing through Feasibility Study towards permitting and funding, PMET is evolving from an exploration-led story into a potential cornerstone supplier of hard-rock lithium to Western EV supply chains.

Over the past 12 months the stock has rebounded strongly off its lows, yet in our view still trades at a meaningful discount to both global lithium developers and to the strategic value of a large-scale, long-life project in a Tier-1 jurisdiction. As sentiment toward lithium begins to stabilise and capital refocuses on quality, a compelling re-rating opportunity is emerging.

Our latest research dives into:

• Why Shaakichiuwaanaan has the potential to be a globally significant hard-rock lithium operation
• How the current study work outlines a long-life, scalable project with attractive cost and margin potential
• The role of strategic OEM and institutional partners in de-risking development and offtake
• The key catalysts we believe could unlock value over the next 12–24 months

This is a high-quality, strategically important lithium developer at a pivotal moment in the next lithium cycle.