Northwire Canada EditionSunday, November 8, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Technical Study

PMET Produces High Recovery (89%) and High Grade Spodumene Concentrate (6.1% Li2O) from Innovative CV5 Sample and DMS Pilot Program

PMET Resources Pilot Data Validates Lithium Pathway Ahead of Feasibility Update

By The Northwire Desk — AI Analysis May 03, 2026 · 18:30 PMET · 6.11 PMET Resources Inc.
Executive Summary
  • Headline: PMET Produces High Recovery (89%) and High Grade Spodumene Concentrate (6.1% Li2O) from Innovative CV5 Sample and DMS Pilot Program.
  • Date: 2026-05-03.
  • Key Achievement: Produced 4.47 tonnes of spodumene concentrate at 6.09% Li2O with an 89.0% recovery rate using a Dense Media Separation (DMS) pilot plant.
  • Methodology: Utilized the "ApplePick" program with mineralized boulders from CV5 Pegmatite, avoiding significant core drilling requirements for sample generation.
  • Quality: Low iron content (0.58% Fe2O3); magnetic separation yielded 6.32% Li2O concentrate in non-magnetic fraction.
  • Economic Implication: New data implies a global lithium recovery improvement of 2-3% at a feed grade of 2% Li2O compared to previous assumptions.
  • Future Plans: Launching "BerryPick" program for surface pollucite (caesium) samples; ongoing tantalum recovery feasibility from DMS tailings.
  • Timeline: Results expected to impact the updated Feasibility Study and Preliminary Economic Assessment (PEA) scheduled for Q4-2026.
Material Impact
  • Expectation vs. Reality: The October 2025 Feasibility Study already established a positive economic baseline with an IRR of ~18% and NPV of US$1.19bn. This pilot program confirms the DMS flowsheet viability but offers only incremental improvements (2-3% recovery uplift) rather than a fundamental change in project economics.
  • Cost Efficiency: The use of boulders ("ApplePick") instead of core drilling for metallurgical sampling is a cost-saving measure that reduces exploration expenses, aligning with the risk-averse capital allocation strategy announced during the February 2026 financing.
  • Market Reaction Context: The stock has already rallied from March lows (~$4.00) to May ($6.11), suggesting much of the positive sentiment regarding project advancement is priced in. This news validates the path forward but does not introduce a new catalyst sufficient to break the $7.20 resistance established in January 2026 without further confirmation from the Q4 study.
  • Risk Mitigation: High recovery rates (89%) reduce technical risk associated with processing, supporting the feasibility of the DMS-only flowsheet which is capital efficient compared to flotation circuits. However, pilot scale (4.47 tonnes) does not guarantee commercial scale performance.
PMET · Price
Company Overview
  • Company: PMET Resources Inc. (formerly Patriot Battery Metals). Focuses on lithium, caesium, and tantalum development in Quebec's James Bay region.
  • Flagship Project: Shaakichiuwaanaan Project (100% owned), specifically the CV5 Pegmatite for Lithium and CV13 for Caesium/Tantalum.
  • Development Stage: Advanced Exploration / Pre-Production. Feasibility Study completed Oct 2025; ESIA submitted April 2026. Targeting Final Investment Decision (FID) by Dec 2027.
  • Resources: Consolidated Indicated Resource of 108.0 Mt at 1.40% Li2O; World's largest pollucite-hosted caesium resource (Indicated: 0.69 Mt @ 4.40% Cs2O).
Read the original news release →

More from PMET Resources Inc.

Nov 03, 2026 · 17:08

PMET upgrades caesium resource at Shaakichiuwaan, reinforcing multi-commodity upside potential at the deposit.

Resource Estimate Oct 28, 2026 · 13:08

Federal road funding de-risks Shaakichiuwaanaan access, but catalysts remain distant.

Other Oct 20, 2026 · 17:00

PMET’s Shaakichiuwaanang drill program surpasses 30,000m, advancing the feasibility study timeline for its project.

Drill Results Oct 04, 2026 · 17:00

pmet signs a letter of intent for a rail link to de-risk logistics for its 800ktpa shaakichiuwaanaan project.

Other Sep 22, 2026 · 17:00

PMET advances caesium co-product pathway through testwork, though commercialization remains distant.

Technical Study Sep 14, 2026 · 08:30

Summit Partners’ interest in Quebec lithium assets highlights Vale’s offtake agreement and SG’s debt involvement in the project.

Financings