PMET Resources Inc. reported a C$2.106 million net loss for the second quarter ending June 30, 2026. The company maintains a cash position of C$176.192 million. Total assets increased to C$501.940 million. Volkswagen Finance Luxemburg S.A. provided an C$11.862 million investment during the period.
Operational milestones focused on the Shaakichiuwaanaan Property in Québec. The company produced high-grade 6.1% Li₂O spodumene concentrate from its CV5 Pegmatite. Management is advancing studies for on-site lithium chemical production. Ongoing exploration drilling continues as part of a 2026 campaign to develop critical mineral assets.