Marketable Tantalite Concentrates Successfully Produced from the CV5 Deposit at Shaakichiuwaanaan

Tantalite Recovery Progress: PMET Resources Inc. has successfully produced a marketable tantalite concentrate from the CV5 Pegmatite's dense media separation waste streams, achieving favorable grades and recoveries of 8.7% Ta2O5 at 45% recovery and 6.6% Ta2O5 at 49% recovery.

Future Economic Potential: The company is evaluating the incorporation of tantalum recovery as a by-product at the Shaakichiuwaanaan Project, which ranks among the largest tantalum pegmatite resources globally, aiming to enhance the project's economic returns without impacting lithium recovery.

Feasibility Study Update: The lithium-only Feasibility Study for the CV5 Pegmatite is nearing completion, with results expected in 4-6 weeks, while separate assessments for tantalum and other critical minerals are also underway.

Market Demand for Tantalum: Tantalum is recognized as a critical mineral essential for high-tech applications, with a growing market driven by technological advancements, and PMET aims to provide a secure, conflict-free supply from its operations.