PMET Resources Inc. has signed a Letter of Intent with the City of Matagami to support planned transshipment of spodumene concentrate from its Shaakichiuwaanaan Project in Quebec. Under the proposed route, trucks would carry concentrate from the mining site to Matagami's existing transshipment yard, where it would be transferred to rail cars for onward shipment to port. The LOI sets principles for infrastructure upgrades, operating arrangements and long-term transshipment services, but infrastructure contributions, pricing and detailed operations remain subject to negotiation. PMET is targeting a definitive commercial agreement before making a Final Investment Decision on the project. The company says Shaakichiuwaanaan is a 100%-owned, district-scale property in Quebec's Eeyou Istchee James Bay region. A late-2025 feasibility study outlined a lithium-only project using a Dense Media Separation process and targeting up to approximately 800,000 tonnes per year of spodumene concentrate. The property contains a declared Probable Mineral Reserve of 84.3 million tonnes at 1.26% Li2O, a consolidated Mineral Resource of 108.0 million tonnes at 1.40% Li2O and 166 parts per million Ta2O5 in the Indicated category, plus 33.4 million tonnes at 1.33% Li2O and 155 parts per million Ta2O5 in the Inferred category. PMET also describes Rigel and Vega as hosting the world's largest pollucite-hosted caesium pegmatite Mineral Resource. The proposed logistics infrastructure, production targets, investment decision and mineral estimates remain subject to the risks and assumptions detailed in the release.