PMET Resources (PMET) Investor Presentation summary

Corporate overview and strategy

• Focused on hard-rock lithium exploration, advancing the 100% owned Corvette Property in James Bay, Quebec, the largest lithium pegmatite in the Americas and 8th largest globally by contained LCE, with significant exploration potential.

• Strong cash position of $119M (pro-forma as of April 30, 2024) supports ongoing project advancement and exploration.

• Strategy centers on developing CV5, progressing environmental and permitting processes, and expanding resource estimates through infill and step-out drilling.

• Committed to building relationships with local Cree communities, ensuring local participation, employment, and business opportunities.

• Leadership team has extensive mining, project development, and capital markets experience, including successful project delivery and significant fundraising.

Corvette property and resource highlights

• CV5 mineral resource: 109.2 Mt at 1.42% Li₂O and 160 ppm Ta₂O₅ (inferred), reported at a 0.4% Li₂O cut-off as of June 25, 2023; largest lithium pegmatite in the Americas and 8th largest globally.

• Resource remains open along strike and at depth, with only 3.7 km of the 4.6 km defined strike included in the maiden estimate; further expansion potential exists.

• New high-grade zone discovered at CV13: 34.4 m at 2.90% Li₂O, including 21.9 m at 3.58% Li₂O, with mineralization open in multiple directions.

• Simple mineralogy and metallurgy: large, coarse-grained spodumene crystals allow for high recoveries (>70%) and production of >5.5% Li₂O concentrate using only dense media separation, resulting in lower capex/opex and minimal environmental impact.

• Strategic location near infrastructure: 13 km from all-weather road, 14 km from hydropower lines, and 50 km from a major hydropower station, enabling potential for low-carbon lithium production.

Market context and downstream alignment

• Corvette's production timeline is aligned with North America's growing battery manufacturing capacity, projected to reach ~700 GWh by 2027, implying up to ~477 kt of lithium carbonate equivalent demand.

• Major OEMs (Tesla, GM, Ford) have significant planned battery plants, highlighting strong regional demand for lithium supply.

• Corvette's scale and grade position it as a potential key supplier to multiple gigafactories for decades.