Montréal, Quebec — December 18, 2025 — Leads & Copy — PMET Resources Inc. (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) announced that Volkswagen Finance Luxemburg S.A. (Volkswagen), its largest strategic investor, has accepted an offer to subscribe for 89,125 fully paid common shares in the company at $4.03 per share, resulting in gross proceeds of approximately $359,000.
The company intends to use the proceeds for general corporate purposes.
The Toronto Stock Exchange has conditionally approved the issuance of the 89,125 shares to Volkswagen. The shares will be issued in accordance with the company’s existing placement capacity under the ASX Listing Rule 7.1.
Volkswagen’s subscription follows the recent issuance of shares by PMET Resources Inc. to Azimut Exploration Inc. and SOQUEM Inc at a deemed issue price of $3.68 per share as part of the Pikwa acquisition announced on Nov. 12, 2025.
PMET Resources Inc. is focused on advancing its 100%-owned Shaakichiuwaanaan Property in the Eeyou Istchee James Bay region of Quebec, Canada. The company said the property is accessible year-round and proximal to regional hydro-power infrastructure.
In late 2025, PMET Resources Inc. announced a positive lithium-only Feasibility Study on the CV5 Pegmatite and declared a maiden Mineral Reserve of 84.3 Mt at 1.26% Li2O. The study outlines the potential for a high-grade lithium project targeting up to ~800 ktpa spodumene concentrate using a Dense Media Separation only process flowsheet, according to the company.
The Project hosts a Consolidated Mineral Resource totalling 108.0 Mt at 1.40% Li2O and 166 ppm Ta2O5 (Indicated), and 33.4 Mt at 1.33% Li2O and 155 ppm Ta2O5 (Inferred), and ranks as the largest lithium pegmatite resource in the Americas, and in the top ten globally. Additionally, the Project hosts the world’s largest pollucite-hosted caesium pegmatite Mineral Resource at the Rigel and Vega zones with 0.69 Mt at 4.40% Cs2O (Indicated), and 1.70 Mt at 2.40% Cs2O (Inferred).
Kenneth Brinsden, President, CEO, & Managing Director approved this news release.
Darren L. Smith, M.Sc., P.Geo., reviewed and approved the related technical information in this news release that relates to the Mineral Resource Estimate and exploration results for the Company’s properties.
Frédéric Mercier-Langevin, Ing. M.Sc., reviewed and approved the related technical information in this news release that relates to the Feasibility Study and Mineral Reserve Estimate.
For further information, contact info@pmet.ca or +1 (604) 279-8709.
Source: PMET Resources Inc.
