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2026-11-06
◂ Monitor PMT ASX (CDIs); primary listing TSX (PMET)

PMET Resources Inc.

DFS Unfunded Developer · Lithium · CA Rating locked: sign in to view v8.1 · pmt-20261031t211109-full
Last 2026-11-06
A$0.33
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$613.6M
EV
A$434.1M
Cash
C$176.2M
Debt
C$0
1 newer ASX announcement not yet reflected in this valuation

Narrative and provenance

Research & Sources

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Chronological evidenceSource-document inventory28 documents
Market snapshot (miners.v8db.market_snapshot PMT --cutoff 2026-10-31 --shares 1859428010 --commodities Li2O)Market Data · HighExtracted

Local snapshot at the cutoff: close A$0.325 (30 Oct 2026); 52-week range A$0.30-0.795; returns 1m -26.1%, 3m -23.5%, 6m -48.0%, 12m -16.7%, 3y -71.7% (relative to the mining index -16.0, -19.0, -37.2, -25.5 and -112.2 points); 20-day average traded value A$0.88M (60-day A$1.01M); market cap A$604.3M on 1,859.4M CDI-equivalents; AUD per USD 1.4236; no Li2O spot in the price deck and no published lithium peer in the stock database (peers added from outside research).

Document ID
snapshot-20261031
Published UTC
2026-10-30T22:00:00Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
AUD cross rates 30 October 2026 (local metal_prices.db fx_daily, ECB reference)Market Data · HighExtracted

A$1 = US$0.7025, C$0.9813, CNY4.6734 on 30 October 2026 (ECB reference); implied US$1 = C$1.397; 12-month averages A$1 = US$0.6959 and C$0.9666.

Document ID
fx-20261030
Published UTC
2026-10-30T14:00:00Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Insider dealings (python -m miners.insider_transactions show PMT)Governance · MediumExtracted

Local insider database: no on-market director buying since December 2025 (Desrochers 2,400 shares at C$5.00); director Blair Way sold 264,000 shares at C$4.75 in December 2025 and has pledged CDIs as loan collateral (Equities First); CEO Brinsden takes part of salary and STIP in shares (8,411 shares April 2026, 71,972 STIP shares November 2025) and bought 200,000 CDIs at A$1.21 in October 2023; Jennings exercised 500,000 options at C$2.58 in November 2025.

Document ID
insiders-pmt
Published UTC
2026-10-30T22:00:00Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
PMT.AX ASX close 30 October 2026 (miners.reference_price)Market Data · HighExtracted

Local reference-price lookup `python -m miners.reference_price PMT --valuation-date 2026-10-31`: raw ASX close A$0.325 per CDI on 2026-10-30 (open 0.33, high 0.33, low 0.32), volume 1,314,318 CDIs, provider market data provider via miners.collect_stock_prices, security basis one ASX PMT CDI (10 CDIs = 1 common share), freshness 1 day, status fresh.

Document ID
px-close-20261030
Published UTC
2026-10-30T05:10:00Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Guangzhou Futures Exchange lithium carbonate settlement history to 29 October 2026 (local metal_prices.db, series gfex:lc)Commodity Data · HighExtracted

GFEX lithium carbonate settlement CNY91,140/t on 2026-10-29 (VAT-inclusive), down from a May 2026 average of CNY189,051 and CNY159,960 on 1 September 2026; monthly averages CNY60,522 (Jun 2025), 77,286 (Oct 2025), 157,388 (Jan 2026), 189,051 (May 2026), 135,567 (Sep 2026), 101,408 (Oct 2026). Ex-VAT at CNY6.65 per USD this is about US$12,100/t LCE.

Document ID
gfex-li-20261029
Published UTC
2026-10-29T07:00:00Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
ASX lithium peer closes and share counts (local asx_mining_companies.db, 30 October 2026)Market Data · MediumExtracted

Local ASX database closes on 2026-10-30 and 12 months earlier: PLS A$2.64 (A$3.30), LTR A$0.62 (A$1.145), ELV A$3.19 (A$3.89), CXO A$0.21 (A$0.12), DLI A$0.15 (A$0.175), GL1 A$0.925 (A$0.53), WC8 A$0.215 (A$0.215); shares implied from the database market capitalisation and price at the 9 August 2026 refresh.

Document ID
peers-asx-20261030
Published UTC
2026-10-30T06:10:00Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
PMET Advances Shaakichiuwaanaan DevelopmentOperations · MediumExtracted

October 2026 development update (retrieved for this run): more than 30,000 m in over 250 holes in the 2026 programme, seven rigs, geotechnical/hydrogeological drilling confirms ground conditions, CV5 caesium infill for a maiden CV5 caesium MRE in 2027, assays through Q1 2027, MRE-5 imminent and updated CV5 lithium-tantalum FS plus CV5-CV13 PEA on track for Q4 2026, MRE-6 in 2H 2027.

Document ID
dev2610
Published UTC
2026-10-20T22:21:45Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Local management assessment (management/PMT/summary.md and background-check.json)Leadership · MediumExtracted

Repository management screening (dated before the cutoff): CEO Ken Brinsden (ex-CEO Pilbara Minerals, Pilgangoora first drill to production in under four years), CFO Natacha Garoute (ex-CFO Champion Iron Ore), EVP Exploration Darren Smith (credited with the Corvette/CV5 discovery), CDO/COO Frederic Mercier-Langevin (ex-COO Wesdome, ex-GM Meliadine), EVP Commercial Alex Eastwood (ex-PLS commercial/legal), EVP ESG Grace Barrasso, company secretary Mathew O'Hara; screening score 41/100 with low evidence confidence. Claims checked against the AIF.

Document ID
mgmt-pmt
Published UTC
2026-10-09T00:00:00Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Local investor register (ownership/PMT/investors.json, reviewed 9 October 2026)Governance · MediumExtracted

Repository register snapshot records no reliable top-20 register and no current substantial-holder quantities; ownership is therefore built from issuer disclosures (Volkswagen 17,742,370 shares from its three subscriptions, ~9.5%; Albemarle 7,128,341 shares subscribed in 2023, current holding unconfirmed; directors and officers 3.7%) and the June 2026 register mix.

Document ID
ownership-pmt
Published UTC
2026-10-09T00:00:00Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
PMET Files Amended Version of its NI 43-101 Technical ReportStudy · MediumExtracted

Amended NI 43-101 technical report filed after an AMF continuous-disclosure review (qualified-person certificates, map scaling, RPEEE clarification for caesium, tantalum and gallium, caesium cut-off); no change to the FS economic or technical conclusions.

Document ID
ni2610
Published UTC
2026-10-04T21:14:39Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Lithium price tracker citing Benchmark Mineral Intelligence SC6 assessment (Axis Intelligence, updated 3 October 2026)Commodity Data · MediumExtracted

Secondary aggregator citing a Benchmark Mineral Intelligence SC6 FOB Australia assessment of about US$2,254/t (range 2,205-2,302) dated 2 September 2026, when GFEX lithium carbonate settled near CNY160,000. Used only to scale the spodumene spot estimate to the late-October carbonate price; not verified against the primary Benchmark publication.

Document ID
spod-bmi-202609
Published UTC
2026-10-03T00:00:00Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
PMET Resources Site Visit Presentation - September 2026Presentation · MediumExtracted

September 2026 site-visit presentation: permitting path (ESIA submitted March 2026, decision window end 2027/early 2028), pathway chart with FID 2H 2027 and first production 2029, C$176M cash, caesium and tantalum market slides.

Document ID
site2609
Published UTC
2026-09-20T22:37:34Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
30 June 2026 Quarterly Financial Statements and MD&AResults · HighExtracted

Interim statements and MD&A for the quarter to 30 June 2026: cash C$176.2M, no debt, leases C$0.24M, equity C$438.9M, quarter loss C$2.1M, operating cash flow +C$1.69M (after a C$9.5M tax-credit refund), investing -C$9.86M; 185,942,801 shares at 30 June and 12 August 2026; 8,528,016 options, 1,712,143 RSUs, 1,712,143 PSUs, 332,440 DSUs; Volkswagen 2,095,745 shares at C$5.66; non-binding letters of support (EDC, KfW IPEX, another Canadian institution) and Societe Generale letter of interest; ESIA submitted March 2026; outlook: updated CV5 FS and CV5+CV13 PEA late 2026, FID by end of calendar 2027.

Document ID
q1fy27
Published UTC
2026-08-14T01:03:09Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Albemarle auction result: 14,700 dmt spodumene concentrate sold at CIF SC6 US$2,113/t (SMM, July 2026)Commodity Data · MediumExtracted

SMM report that a 14,700 dmt lot of ~5.5% Wodgina concentrate sold at US$2,113/t CIF on an SC6 basis on 30 July 2026, when GFEX carbonate averaged about CNY150,000; earlier 2026 auctions US$2,018 (March) and US$2,704.5 (May). Used for the SC6-to-carbonate ratio.

Document ID
alb-auction-202607
Published UTC
2026-07-30T08:00:00Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
PMET Resources Corporate Presentation - June 2026Presentation · MediumExtracted

June 2026 corporate presentation: capital structure (185.9M basic, 12.5M dilutive, 198.4M fully diluted; market cap C$1.1B at 18 June 2026; cash C$174M), pro-forma register mix (corporate 16%, HNW/family office 16%, institutional 27%, retail 13%, insiders 3%, CDS/other 25%), targeted commercial production Phase 1 2030 and Phase 2 2032.

Document ID
corp2606
Published UTC
2026-06-25T01:38:13Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Annual Financial Statements and MD&A for FYE 31 March 2026Results · HighExtracted

Audited FY2026 (year to 31 March 2026) statements and MD&A, retrieved for this run: cash C$174.2M (C$101.2M), no borrowings, leases C$0.27M, equity C$425.4M; loss C$11.06M (C$6.30M); operating cash flow -C$7.54M (-C$6.61M); investing -C$52.43M (-C$107.03M); 183,802,875 shares at 31 March 2026 (162,250,235 at 31 March 2025); C$138M February 2026 raise; Volkswagen 2,095,745 shares after year end.

Document ID
afs26
Published UTC
2026-06-21T22:13:40Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Annual Information Form for FYE 31 March 2026Governance · HighExtracted

Annual Information Form FY2026: corporate history (Rio Grande Mining 2007, 92 Resources, Gaia Metals, Patriot Battery Metals 2021, PMET Resources 2025), three-year history (Albemarle C$109M at C$15.29 in 2023, C$75M flow-through at C$14.54 in 2024, Volkswagen C$69M at C$4.42 in January 2025, Pikwa acquisition, C$138M February 2026 raise), royalty schedule by claim block, no dividends ever paid, CDI 10:1 ratio, monthly TSX/ASX price ranges, directors and officers with biographies, equity awards.

Document ID
aif26
Published UTC
2026-06-21T22:13:50Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Concept Study Identifies Potential Refining PathwayStudy · MediumExtracted

Concept study (not a PEA/PFS/FS) selecting Primero ALi atmospheric leach as the preferred on-site refining pathway; bench testwork produced 99.8% Li2CO3; staged longer-term opportunity not required for the base concentrate project.

Document ID
refine2606
Published UTC
2026-06-14T22:49:24Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Closing of Flow-Through Private Placement & Public OfferingFinancing · HighExtracted

Closing of the February 2026 offerings for ~C$138M: 11,484,099 common shares at C$5.66 plus 1,365,631 over-allotment shares, and 6,992,255 charity flow-through shares at ~C$9.30 re-offered on the ASX at A$0.59 per CDI; proceeds fund the updated CV5 FS with tantalum and the CV13 PEA.

Document ID
close2602
Published UTC
2026-02-19T21:23:36Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
PMET Announces Up To Aggregate C$130 Million FinancingsFinancing · MediumExtracted

February 2026 financing announcement: public offering at C$5.66 and charity flow-through placement at ~C$9.30 for up to C$130M aggregate.

Document ID
fin2602
Published UTC
2026-02-09T21:18:37Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
31 December 2025 Quarterly Financial Statements and MD&AResults · MediumExtracted

Interim statements for the quarter to 31 December 2025: cash C$51.3M, listed shares C$2.4M, no flow-through liability.

Document ID
q3fy26
Published UTC
2026-02-03T03:50:05Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
30 September 2025 Quarterly Financial Statements and MD&AResults · MediumExtracted

Interim statements and MD&A for the quarter to 30 September 2025: quarter-end cash C$61.2M; six-month operating cash flow -C$7.0M and investing -C$32.8M.

Document ID
q2fy26
Published UTC
2025-11-07T01:32:54Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
PMT Delivers Positive CV5 Lithium Only Feasibility StudyStudy · HighExtracted

Feasibility study release (CV5 lithium-only) with Table 1 economics (after-tax NPV8% C$1,594M, IRR 18.06%), Table 3 capex (C$1,497.7M initial, C$480.5M expansion, C$936.4M sustaining, C$101.7M pre-production credit, C$359.8M CTM-ITC and C$57.1M TCRR credits), Table 4 costs (C$729.1/t total cash cost, C$799.8/t AISC SC5.5), 84.3Mt at 1.26% Li2O Probable reserve, consolidated MRE (108.0Mt at 1.40% Li2O Indicated, 33.4Mt at 1.33% Inferred), sensitivity tornado, 2% royalty, 8% real discount rate, C$18,371M LOM net revenue and FID targeted 2H 2027.

Document ID
fs25
Published UTC
2025-10-20T21:56:50Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Shaakichiuwaanaan Project - Feasibility Study PresentationStudy · MediumExtracted

Feasibility study presentation: PEA-to-FS capex bridge (net capex C$1,510M vs C$1,157M), AISC comparison, post-tax NPV8 sensitivity tornado (price +/-20%: C$2,686M / C$399M), EBITDA of C$127M at US$700/t SC5.5, FID end 2027 and commissioning from late 2029. All pages image-classified; figures read from rendered pages.

Document ID
fspres25
Published UTC
2025-10-20T22:00:15Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Patriot Battery Metals Announces Board ChangesLeadership · LowExtracted

Board change: appointment of Aline Cote as independent director (30 July 2025).

Document ID
board2507
Published UTC
2025-07-30T22:14:23Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Strategic Investment & Offtake with Volkswagen and PowerCoEconomic Arrangement · HighExtracted

Volkswagen strategic investment (15,557,500 shares at C$4.42, ~C$69M, 9.9%), binding PowerCo offtake term sheet for 100,000 tpa SC5.5 over 10 years (+5 by agreement) priced off lithium chemical and spodumene indices with modifying factors, conditional on FID, approvals and Stage 1 commissioning by 30 June 2031; investor rights incl. participation rights, 24-month standstill, cornerstone FID funding option for additional offtake.

Document ID
vw2412
Published UTC
2024-12-18T07:57:44Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Preliminary Economic Assessment on Shaakichiuwaanaan ProjectStudy · MediumExtracted

Superseded August 2024 PEA (two-stage CV5 development, ~800ktpa, Stage 1 capex C$761M) used for history and the PEA-to-FS capex bridge.

Document ID
pea2408
Published UTC
2024-08-21T22:42:40Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
PMT Announces Closing of C$109M Investment with AlbemarleFinancing · LowExtracted

Closing of Albemarle private placement (~C$109M, 7,128,341 shares at C$15.29) in August 2023; MOU on downstream hydroxide later expired (May 2024).

Document ID
alb2308
Published UTC
2023-08-03T22:22:18Z
Projects
shaakichiuwaanaan
Commodities
lithium
Open original source ↗
Evidence facts27
fs-npvAfter-tax NPV8% (100%, real C$)

1594000000 CAD

2025-10-20
fs-irrAfter-tax IRR

18.06 %

2025-10-20
fs-pre-npv8Pre-tax NPV8%

2514000000 CAD

2025-10-20
fs-npv0After-tax NPV0% / pre-tax NPV0%

5,418 / 8,358 CAD million

2025-10-20
fs-capexInitial / expansion / sustaining capex

1,497.7 / 480.5 / 936.4 CAD million

2025-10-20
fs-creditsPre-production credit / CTM-ITC / TCRR

101.7 / 359.8 / 57.1 CAD million

2025-10-20
fs-opexSite cash cost / transport / AISC per t SC5.5

511.9 / 217.2 / 799.8 CAD/t

2025-10-20
fs-priceLong-term price SC5.5

1221 USD/t

2025-10-20
fs-fxExchange rate

1.34 CAD/USD

2025-10-20
fs-reserveProbable reserve

84.3 Mt at 1.26% Li2O (1.06 Mt Li2O) text

2025-09-11
fs-royaltyRoyalty in economic model

2 %

2025-10-20
afs-cashCash 31 Mar 2026

174227000 CAD

2026-03-31
afs-lossLoss FY2026

-11057000 CAD

2026-03-31
afs-sharesShares 31 Mar 2026

183802875 common shares

2026-03-31
q1-cashCash 30 Jun 2026

176192000 CAD

2026-06-30
q1-sharesShares 12 Aug 2026

185942801 common shares

2026-08-12
vw-offtakePowerCo offtake

100000 t/yr SC5.5

2024-12-18
vw-priceVolkswagen subscription price

4.42 CAD/share

2024-12-18
cl-proceedsGross proceeds

138000000 CAD

2026-02-19
cl-cdiASX re-offer price

0.59 AUD/CDI

2026-02-19
px-closeASX close per CDI

0.325 AUD/CDI

2026-10-30
px-volVolume 30 Oct 2026

1314318 CDIs

2026-10-30
snap-hi52-week high

0.795 AUD/CDI

2026-10-30
snap-mcapMarket cap

604314103 AUD

2026-10-30
li-spotGFEX lithium carbonate settlement

91140 CNY/t

2026-10-29
fx-usdUSD per AUD

0.7025 USD/AUD

2026-10-30
fx-cadCAD per AUD

0.9813 CAD/AUD

2026-10-30