Slides
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 1pmet.ca Three Critical Minerals. - A Canadian solution with scale, grade and infrastructure ASX: PMT TSX: PMET Resource Rising Stars – Gold Coast September 2026
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 2pmet.ca R A R E G E O L O G Y O F G L O B A L S I G N I F I C A N C E Shaakichiuwaanaan Project 3 critical minerals in a world class mining jurisdiction Lithium-Caesium-Tantalum (LCT) pegmatite deposit — at scale and grade recoverable via simple processing techniques. Proven mining jurisdiction with over 20 operating mines. Close to existing infrastructure – hydro power and access to all-year- round roads, rail and port for supply to existing and emerging global supply chains.
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 3pmet.ca P R O J E C T H I G H L I G H T S Shaakichiuwaanaan Project Top 10 largest lithium1 pegmatite resource globally and the largest hard-rock lithium reserve in the Americas Simple, physical recovery methods expected to lead to lower operating costs and a faster ramp-up of large- scale, globally-relevant production of three critical minerals. 1. The Consolidated MRE (CV5 + CV13 pegmatites), which includes the Rigel and Vega caesium zones, totals 108.0 Mt at 1.40% Li 2O, 0.11% Cs2O, 166 ppm Ta2O5, and 66 ppm Ga (Indicated), and 33.4 Mt at 1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga (Inferred), and is reported at a cut -off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.70% Li2O (underground CV13). A grade constraint of 0.50% Cs2O was used to model the Rigel and Vega caesium zones, entir ely contained within the CV13 Pegmatite, with a MRE of 0.69 Mt at 4.40% Cs2O, 2.12% Li2O, and 646 ppm Ta2O5 (Indicated), and 1.70 Mt at 2.40% Cs2O, 1.81% Li2O, and 245 ppm Ta2O5 (Infe rred). The Effective Date is June 20, 2025 (through drill hole CV24-787). Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. Mineral Re sources are inclusive of Mineral Reserves. See Slides 31-36 for further details. One of the largest tantalite pegmatite resources globally1 Proven, successful management team, with C$176M of cash on-hand to advance exploration and development towards FID.The world’s largest pollucite-hosted caesium pegmatite resource1
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 4pmet.ca T H R E E - P H A S E S O F V A L U E C R E A T I O N Our Development Strategy Optimize and Deliver on our Lithium Operation Unlock Additional Value from Other Critical Minerals Diversify Downstream into Chemicals 1. See Feasibility Study for CV5 news release dated October 20, 2025. 2. Project hosts a Probable Mineral Reserve of 84.3 Mt at 1.26% Li2O (all within the CV5 Pegmatite) at a cut-off grade of 0.40% Li2O (open-pit) and 0.70% Li2O (underground). Underground development and open pit margin al tonnage containing material above 0.37% Li2O are also included in the statement. Effective Date of September 11, 2025. 3. Includes the high -grade Nova Zone (~12.1 Mt at 2.0% Li2O on a fully diluted basis, factoring in mining recovery, which is a subset of the overall Probable Mineral Reserve). 4. Refer to Annex fo r supporting information. P H A S E 1 P H A S E 2 P H A S E 3 Feasibility for up to ~800 ktpa SC5.51 A staged development for a lithium only, open pit and underground spodumene mining operation, at CV5 Simple geology, mining, and pegmatite geometry with very high-grade subsets of the Mineral Reserve ~12.1Mt @ 2.0% Li2O 2,3 • Conventional DMS-only processing flowsheet • Low in Fe and other impurities • Proximal to existing high-quality power and transportation infrastructure Caesium and Tantalum Co-Products • Extract greater value by expanding production into other critical minerals over time, including caesium and tantalum as co-products • Feasibility underway to include tantalum at CV5 • PEA underway for the inclusion of CV13 inclusive of the caesium co-product • Studies targeting release Q4 2026 Lithium and Potentially Caesium Chemicals Participation in future midstream and downstream processing opportunities to capture additional value along the chemical supply chain • Opportunity to provide a lithium-enriched intermediary product or purified chemicals into the burgeoning North American, Asian, and European battery industry • Potential to establish midstream and downstream processing expertise through strategic partnerships with industry participants, including the potential to use low- cost renewable power with electric calcination • Opportunity to develop an independent downstream lithium and/or caesium chemicals supply hub in North America supporting emerging supply chains
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TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA 5 ▪ One pegmatite system hosting lithium, caesium and tantalum at Shaakichiuwaanaan. ▪ Both caesium in pollucite and tantalum in tantalite can be recovered relatively simply as separate concentrates, alongside spodumene concentrate. ▪ Caesium is believed to be a supply constrained commodity which presents another potential revenue opportunity at CV13. o This high-value metal has potential to enhance project economics via a simple primary crush and ore-sorting process flowsheet. ▪ Tantalum is a critical mineral in demand driven by the AI build-out and defence applications. o Tantalite is expected to be recovered at site using standard industry processing techniques. PMET expects to deliver a PEA-level study for the broader Project (CV5+CV13) by YE 2026 which will demonstrate the combined project preliminary economics on lithium, caesium, and tantalum. A k e y p o i n t o f d i f f e r e n c e f o r P M E T Caesium and Tantalite
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 6pmet.ca Multiple landmark strategic relationships — with global leaders in battery materials, electric mobility, and specialty chemicals — confirm institutional confidence in project quality and long-term commercial viability. S T R A T E G I C V A L I D A T I O N Aug 2023 — Albemarle C$109M Strategic Investment The world's largest lithium producer made a landmark C$109 million strategic investment for 4.9% of the company, providing both capital validation and global lithium raw materials market credibility. Dec 2024 — Volkswagen / PowerCo Strategic Investment + Long-Term Offtake Volkswagen invested C$69M for 9.9% of the company at a 65% premium to prevailing market prices, while its battery subsidiary PowerCo secured a strategic long-term offtake agreement. Apr 2026 — Koch Technology Solutions Downstream Caesium Processing Relationship Koch Technology Solutions brings proprietary critical minerals processing technology, downstream expertise and downstream commercial relationships in the critical minerals sphere. Jun 2026 — Primero / Mitsui / MWCC Primero's proprietary process identified as the preferred value-added pathway for Shaakichiuwaanaan spodumene concentrate with the potential to combine with Mitsui/MWCC microwave electric calcination technology C$190M Strategic Investments (since Aug 2023) Key funding by global players to accelerate project development 2027 FID Targeted 2nd half 2027 $173M cash-on-hand (June 30, 2026) World-Class Partners Validating the Opportunity
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 7pmet.ca From Discovery to Development-Ready: Technical De-Risking Nov 2021 CV5 Pegmatite Drilled Initial drilling of the CV5 Pegmatite body — the geological foundation of the entire project. A systematic progression of geological validation and resource definition — from initial discovery through a Feasibility Study in less than 4 years — demonstrating increasing project maturity and confidence across every technical dimension. Aug 2024 PEA Published Preliminary Economic Assessment confirms economics and project viability. Oct 2025 Feasibility Study CV5 and lithium-only FS, a key part of the Project's evolution and required for permitting. Jul 2023 Maiden MRE Largest lithium mineral resource estimate in the Americas at the time — establishing Tier-1 scale. Jul 2025 2026 Drill Program Results World's largest pollucite-hosted caesium pegmatite resource defined — adding a high- value strategic commodity. Mar 2026 ESIA Submission Officially starts the final mine authorization process with COMEX/COMEV/Federal. P R O J E C T M I L E S T O N E T I M E L I N E Each milestone represents a deliberate de-risking step — moving from geological hypothesis to bankable feasibility. The accelerating pace of achievements from 2023 onward reflects compounding technical confidence and resource growth momentum.
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 8pmet.ca Almost 1.1 TWh in H1 2026 H1 EV Battery Deployment1 584 GWh +17% YoY · 54% of total H1 BESS Cell Shipments2 496 GWh +99% YoY · 46% of total Full Year 2026 target from Benchmark Minerals: over 2 TWh — a 2x in 3 years, and 10x bigger than 2018 battery market3 Source: 1. Benchmark Minerals July 2026 Monthly EV & Battery Assessment 2. Benchmark Minerals Q3 2026 Battery Energy Stationa ry Storage Forecast 3. Benchmark Minerals Battery Demand Service July 2026 Combined EV battery deployment and BESS cell shipments reached 1,080 GWh in the first half of 2026 — more than full-year 2023 battery demand. +17% YoY · 54% of total
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 9pmet.ca Upcoming Catalysts for PMET PMET is entering a transformational period with multiple value-driving milestones across permitting, metallurgy, exploration, and commercial partnerships throughout 2026 and beyond. 1. Company anticipates a response to its application for a proposed 50 kt bulk sample program at CV5 in H1 -2026. Subject to such a response and receipt of further required authorizations and funding, the Company aims to commence the bulk sample program toward the end of calend ar year 2026. Q1 2026 ESIA Submission: Done Formal submission of the Environmental and Social Impact Assessments for CV5 done on March 31st, initiating the final regulatory approval process. Q3 2026 Nova Zone Bulk Sample Application Expected regulatory progress for Nova Zone bulk sampling in H2 2026, an accelerated pathway to improve geological understanding, improved partnership interactions and product qualification processes.1 H2 2026 Updated Feasibility Study (CV5) Updated Feasibility Study (FS) for CV5 incorporating tantalum recovery economics and optimized mine sequencing. PEA/Scoping Study on broader Project (CV5+CV13) Inclusive of lithium, caesium, and tantalum. Q2 2026 Metallurgy Update Additional metallurgical results for caesium and tantalum recovery processes. H2 2026 2026 Drill Program Results Exploration results from the expanded drilling campaign, targeting resource expansion, and grade confirmation. Ongoing Strategic Partnership Discussions Active negotiations with downstream partners for offtake agreements and strategic funding investments in respect of lithium, caesium, and tantalum. 1 3 5 2 4 6
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PMET A unique trifecta of in-demand critical minerals, based in Quebec, an experienced and successful team with globally relevant partners, fully funded to FID with near-term catalysts.
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Apendix MRE statements, peer comparisons
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 12pmet.ca T H E T E A M Proven Management Team Built Pilgangoora (PLS) and mines in the north, now building Shaakichiuwaanaan Ken Brinsden CEO, President, Director B.Eng. (Mining), MAUSIMM, MAICD YEARS Over 30 years EXPERIENCE CEO & MD, Pilbara Minerals ACHIEVEMENTS Developed Pilbara Minerals from exploration to production, with company growth rising to achieve ASX top 50 companies' status Natacha Garoute CFO CPA, LLB YEARS Over 20 years EXPERIENCE CFO, Champion Iron Ore CFO & Corporate Secretary, Roxgold ACHIEVEMENTS Extensive experience in Quebec in financial and capital markets, raised. $1B + financing for developers and producers Frédéric Mercier- Langevin COO/CDO Eng., M.Sc YEARS Over 20 years EXPERIENCE COO, Wesdome Gold Mines, General Mine Manager, Agnico Eagle ACHIEVEMENTS Led IBA negotiations with First Nations as COO, ramped up from commissioning to production a 380koz/annum gold mine in Canada’s north. Darren L. Smith Executive Vice President, Exploration M.Sc., P. Geo YEARS Over 20 years EXPERIENCE Strong focus on rare earth elements, and rare metals (Li, Ta, Nb). Director, VP Exploration, and Sr. Technical Advisor for several junior mineral exploration companies ACHIEVEMENTS Instrumental to the discovery of the Ashram (REE-F) and Shaakichiuwaanaan (Li-Cs-Ta-Ga) deposits; Project development; QP/CP Alex Eastwood Executive Vice President, Commercial BEc, LLB YEARS Nearly 30 years EXPERIENCE Chief Commercial & Legal Officer, Pilbara Minerals ACHIEVEMENTS Key commercial executive of Pilbara Minerals from exploration to production on the ASX 50 Grace Barrasso Executive Vice President, Corporate Affairs M.Sc YEARS Nearly 25 years EXPERIENCE VP – Environment and Sustainability, ArcelorMittal Mining Environment and Community Relations, Xstrata Canada and Mauritania ACHIEVEMENTS Lead on ESIA and resettlement projects in W. Africa. Olivier Caza-Lapointe Head of Investor Relations YEARS Over 15 years EXPERIENCE Executive Director — Institutional Sales, CIBC; equity trading, CDPQ Independent Directors Pierre Boivin (Chair) Mélissa Desrochers Brian Jennings Aline Côté Director Blair Way
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 13pmet.ca Matching Project Timeline to the Lithium Supply Gap “Indicative timeline only. Actual timeframes may differ and be subject to change based on project conditions, timing for perm itting and approvals and other external factors. It should not be relied upon as definitive or guaranteed. Refer to Slide 2 “Disclaimer and Forward Looki ng Statements” for further information.” 1st drill hole – November 2021 2021 2022 2023 2024 2025 2026 2027 Engagement with Cree First Nations Environmental Studies / ESIA Preparation Mineral Resource Estimates (MRE) ACHIEVEMENTS NEXT STEPS PEA VW / PowerCo Investment and Offtake Agreements Feasibility Study for CV5 Lithium Only Project Maiden Mineral Reserve at CV5 Lodge ESIA Applications (Provincial and Federal) NEXT STEPS Industry Engagements for Offtake and Strategic Opportunities Progress Tantalum and Caesium opportunities Federal/COMEV/COMEX Approvals Process Deliberation FID PROJECT OPTIMISATION Chisasibi / Cree Nation Engagement and IBA Albemarle Inestment
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 14pmet.ca S H A A K I C H I U W A A N A A N – I N V E S T M E N T H I G H L I G H T S Largest Lithium Pegmatite Reserve in the Americas Mineral Reserve data sourced through November 13, 2025, from corporate disclosure of NI 43 -101, JORC, or equivalent regulatory b ody. Deposit/Project data presented includes the total reserve tonnage. Shaakichiuwaanaan’s CV5 Pegmatite hosts a Probable Mineral Reserve of 84.3 Mt at 1.26% Li 2O at a cut-off grade is 0.40% Li2O (open-pit) and 0.70% Li2O (underground). The Effective Date is September 11, 2025. Mineral Resources are inclusive of Mineral Re serves. See Slide X for further details. Lithium Pegmatite Mineral Reserve by Grade and Tonnage 84.3 Mt at 1.26% Li2O (Probable) 2.62 Mt contained LCE Grota do Cirilo NAL MoblanWhabouchi Galaxy PAK + Spark Rose Carolina Bandeira Authier Georgia Lake Shaakichiuwaanaan 0.60% 0.80% 1.00% 1.20% 1.40% 1.60% 1.80% 2.00% - 10 20 30 40 50 60 70 80 90 100 Grade (%Li2O) Reserve Tonnes (Mt) Production Development PMET
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 15pmet.ca Strong NPV Growth Driven by Rising Lithium Prices Project NPV is highly sensitive to lithium spodumene concentrate pricing, with ~ C$450M of NPV(8%) change per $100/t increment in SC5.5 price1. At $2000/t SC5.5, NAV per PMET share is $27. 1. See news release “PMET Resources Delivers Positive CV5 Lithium -Only Feasibility Study for its Large -Scale Shaakichiuwaanaan P roject” dated October 20, 2025. Key Insight: Robust lithium market fundamentals drive increasing project value, given overall sensitivity in the project to increased lithium price. Tantalum & caesium co- products, CV13 expansion potential, are NOT included in the 2025 FS NPV8% sensitivity to spodumene concentrate price (US$/t SC5.5, real) Spodumene price (US$/t SC5.5, real) $700 $800 $900 $1,000 $1,100 $1,200 $1,221 $1,300 $1,400 $1,500 $1,600 $1,700 $1,800 $1,900 $2,000 C$m 5,000 4,000 3,000 2,000 1,000 - (1,000) (2,000) Post-tax NPV8% Feasibility Study (CV5, lithium-only) Spodumene Spot Prices 4,989 4,561 4,132 3,701 3,271 2,839 2,399 1,951 1,5951,499 1,029 521 (11) (556)(1,160)
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 16pmet.ca Track Record of Drilling Success and Project Progress Largest lithium pegmatite reserve in the Americas delivered in under 4 years. We now begin 2026 with $65M of flow-through funds to continue the exploration efforts 2021-2023: Foundation 2021: Discovery hole – 147 m @ 0.92% Li2O (CF21-001)1 November 2021 2022: Discovery of high-grade Nova Zone2 2023: Maiden MRE (Inferred) - largest in the Americas 362 Drill holes (~107,000 m) completed at the Shaakichiuwaanaan Property by the end of 2023 2024: Expansion • Updated MRE: Significant Indicated Resource determined • 431 holes (~128,000 m) completed to support resource conversion to indicated and PEA achieved in August 2024 2025: Continued Discovery at Scale • World's largest pollucite-hosted caesium pegmatite MRE determined. • MRE update and maiden Mineral Reserve (Li) determined with FS released in October 2025, only 4 years after initial drill hole • 245 holes (~57,000 m) of drilling to support the FS 1. Refer to press release “Patriot Battery Metals Drills 0.93% Li2O over 146.8 m, including 1.09% Li2O over 73.0 m, in First Drill Hole at the Corvette-FCI Property, James Bay, QC” dated November 29th, 2021. 2. Refer to press release “Patriot drills 52.2 m of 3.34% Li2O, including 15.0 m of 5.10% Li2O, in Easternmost Drill Hole from the 2022 Drill Campaign at the CV5 Pegmatite, Quebec, Canada” dated January 29, 2023.
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 17pmet.ca Committed to Community Engagement Demonstrated Indigenous economic participation: Approximately $23.2M (35%) of 2025 procurement directed to Indigenous businesses and joint ventures. Indigenous employment already underway: 123 Indigenous workers (more than 20% of site workforce) engaged on site, with commitments to expand participation through construction and operations. Cultural respect and partnership: Project renamed Shaakichiuwaanaan with community support; ongoing engagement including site ceremonies and gatherings.
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 18pmet.ca CV5, CV13, and Blue-Sky Potential At Shaakichiuwaanaan, CV5 underpins our lithium-only FS and our maiden reserve. An updated FS, scheduled for late 2026, will integrate the economics of tantalum at CV5 as a valuable co-product. A Preliminary Economic Assessment (PEA) on the broader Project (CV5+CV13) is also scheduled for late 2026 and will include the full LCT spectrum: lithium, caesium and tantalum. Conceptual Mining Constraint Pegmatite Classification Tonnes (t) Li2O (%) CS2O (%) Ta2O5 (ppm) Ga (ppm) Contained LCE (t) Open-Pit CV5 Indicated 97,757,000 1.39 0.09 163 66 3.35 Underground 4,071,000 1.08 0.06 186 66 0.11 Total 101,828,000 1.38 0.09 164 66 3.46 Open-Pit CV5 Inferred 5,745,000 1.16 0.09 163 61 0.17 Underground 8,153,000 1.24 0.07 136 60 0.25 Total 13,898,000 1.21 0.08 147 60 0.41 Open-Pit CV13 Indicated 5,996,000 1.89 0.60 201 76 0.28 Underground 167,000 0.85 0.06 132 60 0.00 Total 6,163,000 1.86 0.59 199 76 0.28 Open-Pit CV13 Inferred 18,020,000 1.44 0.32 168 70 0.64 Underground 1,462,000 1.05 0.08 75 55 0.04 Total 19,482,000 1.41 0.30 161 69 0.68 CV5 + CV13 Indicated 107,991,000 1.40 0.11 166 66 3.75 Inferred 33,380,000 1.33 0.21 155 65 1.09 The Consolidated MRE (CV5 + CV13 pegmatites) is reported at a cut -off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.70% Li2O (underground CV13). Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability. Mineral Resources are inclusive of Mineral Reserves.
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 19pmet.ca 30% 25% 14% 31% APAC 30% North America 25% Europe 14% CDS and other 31% 16% 16% 27% 13% 3% 25% Corporate 16% HNV/family office 16% Institutional 27% Retail Insider 3% CDS and other 25% Pro-Forma Shareholder Register
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 20pmet.ca Capital Structure In Millions Basic Shares Outstanding 185.9 Dilutive Securities 12.3 Fully Diluted Shares 198.2 Market Cap (as August 13th, 2026) : C$900M Cash (as of June 30th , 2026) C$176M Liquidity (Average Daily Volume, last 12 months) TSX 597K ASX (CDIs, 10:1 ratio with TSX shares) 4.75M Combined (TSX shares equivalent) 1,08M Corporate Structure
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 21pmet.ca Important Information This presentation (together with oral statements made in connection herewith, this “Presentation”) is dated June 22nd, 2026, and has been prepared by PMET Resources Inc (the “Company”) and is authorised for release by Managing Director, Ken Brinsden. This Presentation and the information contained herein is for information purposes only, and all recipients agree that they will use this presentation solely for information purposes. SUMMARY INFORMATION This Presentation contains summary information about the current activities of the Company and its subsidiaries (the “Group”) which is current as at the date of this Presentation unless otherwise indicated. The information in this Presentation is of a general nature and does not purport to be complete or exhaustive. For greater certainty, this Presentation should be read in conjunction with the Company's other periodic and continuous disclosure releases, available from SEDAR+ or the ASX, including the detailed risk discussion in the Company’s most recent Annual Information Form filed on SEDAR+ and with the ASX. Certain market and industry data used in this Presentation may have been obtained from research, surveys or studies conducted by third parties, including industry or general publications. None of the Group nor its advisers or representatives have independently verified any such market or industry data provided by third parties or industry or general publications. No member of the Group gives any representations or warranties, express or implied, in relation to the statements or information in this Presentation. Readers should not construe the contents of this document as legal, tax, regulatory, financial or accounting advice and are urged to consult with their own advisers in relation to such matters. You should consult your own advisors as needed to make a future investment decision and determine whether you are legally permitted to make an investment under applicable legal requirements, including securities or similar laws or regulations. NO FINANCIAL PRODUCT ADVICE This Presentation is for information purposes only and is not a prospectus, offering memorandum disclosure document, product disclosure statement or other offering document under Canadian law, Australian law or the law of any other jurisdiction. This Presentation is not financial product advice or investment advice nor a recommendation to acquire, and should not be construed to constitute an offer to sell or the solicitation of an offer to buy, any securities. This Presentation shall not form the basis for or be used for any such offer or solicitation or other contract or engagement in any jurisdiction. An investment in Company securities is subject to known and unknown risks, some of which are beyond the control of the Group. Each recipient should undertake its own independent evaluation of the Group and conduct its own inquiries as to the adequacy, accuracy and completeness of the information contained herein. Readers should not construe the contents of this Presentation as legal, tax, regulatory, financial or accounting advice and are urged to consult with their own advisors in relation to such matters. CURRENCY Unless otherwise indicated all references to $ or CA$ in this release are to Canadian dollars. A foreign exchange rate of CA$1.00 = US$0.75 has been used over the life of mine. On February 19, 2026, the daily exchange rate recorded by the Bank of Canada was CA$1.00 = 0.7303. ROUNDING Certain figures, percentages, estimates, calculations of value and fractions provided in this Presentation are subject to the effect of rounding. Accordingly, the actual calculation of these figures may differ from the figures set out in the Presentation. DISCLAIMER AND FORWARD-LOOKING STATEMENTS This Presentation contains “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “positioning.”, “expectations”, “estimated”, “future”, “demand”, “upcoming”, “growth”, “rising”, “blue-sky”, potential”,“strategy” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this Presentation include, but are not limited to, statements concerning the future demand and prices for lithium, tantalum and caesium, the project’s supply potential, our development strategy, project economics, financial and operational parameters such as expected throughput, production, processing methods, cash costs, all-in sustaining costs, other costs, capital expenditures, free cash flow, NPV, IRR, payback period and life of mine, blue-sky potential, opportunities for growth and expected next steps in the development of the project, including the timing of the FID and commissioning and future work and optimization, the economic potential of the Shaakichiuwaanaan Project, markets’ dynamics, upcoming catalysts, the future uses of tantalum and caesium, the regulatory approval processes, including the proposed permitting and development timeline, the opportunities for additional conversion at CV5 and CV13, the anticipated production rate, the potential for the Shaakichiuwaanaan Project to become a cornerstone supplier to the battery supply chains, NPV growth, the upcoming updates, including drill program results, and the release of further project economic studies.
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 22pmet.ca Important Information Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Key assumptions upon which the Company’s forward -looking information is based include without limitation, assumptions regarding development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the ability to achieve production and the timing thereof; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company's ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, any of which could have a material adverse effect on the Company’s business, financial condition, results of operations and growth prospects. Some of the risks the Company faces and the uncertainties that could cause actual results to differ materially from those expressed in the forward - looking statements include, among others, requirements for additional capital, operating and technical difficulties in connection with mineral exploration and development activities; actual results of exploration activities, including on the Shaakichiuwaanaan Project ; the estimation or realization of mineral reserves and mineral resources; the timing and results of estimated future production; the costs of production, capital expenditures, the costs and timing of the development of new deposits, requirements for additional capital; future prices of spodumene; changes in general economic conditions; changes in the financial markets and in the demand and market price for commodities; lack of investor interest in future financings; the Company’s ability to secure permits or financing for the completion of construction activities; governmental and environmental approvals; the potential for major economies to encounter a slowdown in economic activity or a recession; and the Company’s ability to execute on plans relating to the Shaakichiuwaanaan Project. In addition, readers should review the detailed risk discussion in the Company’s most recent Annual Information Form filed on SEDAR+, with the ASX and available on the Company’s website for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations. These risks are not exhaustive; however, they should be considered carefully. If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated in the forward -looking statements found herein. Forward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Company’s business plans, financial performance and condition and may not be appropriate for other purposes. The forward-looking statements contained herein are made only as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements. Non-IFRS and other financial measures This Presentation includes non-IFRS financial measures and non-IFRS financial ratios. The Company believes that these measures provide additional insight, but these measures are not standardized financial measures prescribed under IFRS and therefore should not be confused with, or used as an alternative for, performance measures calculated according to IFRS. Furthermore, these measures should not be compared with similarly titled measures provided or used by other issuers. The non-IFRS financial measures and non -IFRS financial ratios used in this Presentation and common to the mining industry are defined below: ▪ Cash operating costs at site and cash operating costs at site per tonne: Cash operating costs at site is a non-IFRS financial measure which includes mining, processing, and site administration. Cash operating costs at site per tonne is a non-IFRS financial ratio which is calculated as cash operating costs at site divided by anticipated production expressed in tonnes. These measures capture the important components of the Company’s anticipated production and related costs and are used to indicate anticipated cost performance of the Company’s operations. ▪ Total cash operating costs (DAP Grande-Anse as POL) and total cash operating costs per tonne (DAP Grande-Anse as POL): Total cash operating costs (DAP Grande-Anse as POL) is a non-IFRS financial measure which includes mining, processing, site administration, and product transportation to Grande -Anse. Total cash operating costs (DAP Grande-Anse as POL) per tonne is a non -IFRS financial ratio which is calculated as total cash operating costs (DAP Grande - Anse as POL) divided by anticipated production expressed in tonnes. These measures capture the important components of the Company’s anticipated production and related costs and are used to indicate anticipated cost performance of the Company’s operations. ▪ All-in sustaining cost (AISC) and AISC per tonne: All -in sustaining cost is a non- IFRS financial measure which includes mining, processing, site administration, and product transportation to Grande -Anse and sustaining capital. All -in sustaining cost per tonne of spodumene concentrate is a non -IFRS financial ratio which is calculated as all -in sustaining cost divided by anticipated production expressed in tonnes. These measures capture the important components of the Company’s anticipated production and related costs and are used to indicate anticipated cost performance of the Company’s operations. The Company does not currently have operations and therefore does not have historical equivalent measures to compare and cannot therefore reconcile with historical measures.
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 23pmet.ca Important Information NI 43-101 AND JORC CODE (2012 EDITION) Mineral Reserve and Mineral Resource estimates and Exploration Results are reported in accordance with Canadian National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101) and the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code (2012 Edition)). Readers outside of Australia and Canada should note that they may not comply with the relevant guidelines in other countries and, in particular, may not comply with Item 1300 of Regulation S-K, which governs disclosures in registration statements filed with the SEC. NI 43-101 differs significantly from the disclosure requirements of the SEC generally applicable to US companies, and therefore information contained in this Presentation describing mineral deposits, resources and reserves is not comparable to similar information made public by companies subject to the reporting and disclosure requirements of US securities laws. QUALIFIED PERSONS (QP) / COMPETENT PERSONS (CP) Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101, and Competent Person as defined by the JORC Code 2012, and member in good standing with the Ordre des Géologues du Québec (Geologist Permit number 1968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868), has reviewed and approved, or has prepared, as applicable, the disclosure of the exploration results and Mineral Resource technical information contained in this Presentation and has confirmed that the relevant information is an accurate representation of the available data and studies for the Shaakichiuwaanaan Project. Mr. Smith is an Executive and Vice President of Exploration for PMET Resources Inc. and holds common shares, options, Restricted Share Units (RSUs), and Performance Share Units (PSUs) in the Company. Mr. Frédéric Mercier-Langevin, Ing. M.Sc, who is a Qualified Person as defined by National Instrument 43-101, and Competent Person as defined by the JORC Code 2012, and member in good standing of Ordre des Ingénieurs du Québec (OIQ), has reviewed and approved, or has prepared, as applicable, the disclosure of the scientific and technical information contained in this Presentation and has confirmed that the relevant information is an accurate representation of the available data and studies for the Shaakichiuwaanaan Project. Mr. Mercier-Langevin is the Chief Operating and Development Officer for PMET Resources Inc. and holds common shares, options, RSUs, and PSUs in the Company. ASX COMPETENT PERSON STATEMENTS – SHAAKICHIUWAANAAN PROJECT THE INFORMATION IN THIS PRESENTATION WITH RESPECT TO THE FEASIBILITY STUDY (FS) was first released by the Company in its news release dated October 20, 2025, titled “PMET Resources Delivers Positive CV5 Lithium- Only Feasibility Study”. The Company confirms that all material assumptions underpinning the production target and forecast financial information derived from the production target in the FS news release continue to apply and have not materially changed. THE INFORMATION IN THIS PRESENTATION WITH RESPECT TO THE CV5 PEGMATITE MINERAL RESERVE ESTIMATE was reported by the Company in accordance with ASX Listing Rule 5.9 on October 20th, 2025. The Company confirms it is not aware of any new information or data that materially affects the information included in the announcement and that all material assumptions and technical parameters underpinning the estimate in the announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the competent person’s findings are presented have not been materially modified from the original market announcement. THE INFORMATION IN THIS PRESENTATION WITH RESPECT TO THE CONSOLIDATED MINERAL RESOURCE ESTIMATE was reported by the Company in accordance with ASX Listing Rule 5.8 on July 21, 2025. The Company confirms it is not aware of any new information or data that materially affects the information included in the announcements and that all material assumptions and technical parameters underpinning the estimates in the announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the competent person’s findings are presented have not been materially modified from the original market announcements. THE INFORMATION IN THIS PRESENTATION WITH RESPECT TO EXPLORATION RESULTS was reported by the Company in accordance with ASX Listing Rule 5.7 on June 25, 2025, September 24, 2025, December 15, 2025 and February 19, 2026. The Company confirms it is not aware of any new information or data that materially affects the information included in the announcement. The Company confirms that the form and context in which the competent person’s findings are presented have not been materially modified from the original market announcement.
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 24pmet.ca NI 43-101 Mineral Resource Statement CV5 AND CV13 PEGMATITES Consolidated MRE Caesium Zone MRE Conceptual Mining Constraint Pegmatite Classification Tonnes (t) Li2O (%) CS2O (%) Ta2O5 (ppm) Ga (ppm) Contained LCE (t) Open-Pit CV5 Indicated 97,757,000 1.39 0.09 163 66 3.35 Underground 4,071,000 1.08 0.06 186 66 0.11 Total 101,828,000 1.38 0.09 164 66 3.46 Open-Pit CV5 Inferred 5,745,000 1.16 0.09 163 61 0.17 Underground 8,153,000 1.24 0.07 136 60 0.25 Total 13,898,000 1.21 0.08 147 60 0.41 Open-Pit CV13 Indicated 5,996,000 1.89 0.60 201 76 0.28 Underground 167,000 0.85 0.06 132 60 0.00 Total 6,163,000 1.86 0.59 199 76 0.28 Open-Pit CV13 Inferred 18,020,000 1.44 0.32 168 70 0.64 Underground 1,462,000 1.05 0.08 75 55 0.04 Total 19,482,000 1.41 0.30 161 69 0.68 CV5 + CV13 Indicated 107,991,000 1.40 0.11 166 66 3.75 Inferred 33,380,000 1.33 0.21 155 65 1.09 Caesium Zone Classification Tonnes (t) CS2O (%) Li2O (%) Ta2O5 (ppm) Contained CS2O (t) Rigel Indicated 163,000 10.25 1.78 646 16,708 Inferred - - - - - Vega Indicated 530,000 2.61 2.23 172 13,833 Inferred 1,698,000 2.40 1.81 245 40,752 Rigel + Vega Indicated 693,000 4.40 2.12 283 30,541 Inferred 1,698,000 2.40 1.81 245 40,752 The Consolidated MRE cut-off grade is variable depending on the mining method and pegmatite (0.40% Li2O open -pit, 0.60% Li2O underground CV5, and 0.70% Li2O underground CV13). A grade constraint of 0.50% Cs2O was used to model the Rigel and Vega caesium zones, which are entirely wi thin the CV13 Pegmatite’s open -pit mining shape. The Effective Date of the MREs is June 20, 2025 (through drill hole CV24 -787). Mineral Resources are not Mineral R eserves as they do not have demonstrated economic viability. Mineral Resources are inclusive of Mineral Reserves.
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TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA 25 NI 43-101 Mineral Resource Statement CV5 PEGMATITE Cut-off grade of 0.40% Li2O (open-pit) and 0.70% Li2O (underground). Underground development and open pit marginal tonnage containing material above 0.37% Li2O are also included in the statement. Effective Date of September 11, 2025. Area Classification Tonnes (Mt) Li2O (%) Contained LCE (t) Open-Pit Proven - - - Probable 49.2 1.12 1.36 Underground Proven - - - Probable 35.1 1.45 1.26 Proven - - - Probable 84.3 1.26 2.62
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 26pmet.ca Peer Comparison Information – Production Capacity Name Ticker Project Name Stage Degree of Study Price Assumption (US$/t SC6) Mine Life Information Source - Current Production Capacity Information Source - Planned Expanded Capacity PLS PLS Pilgangoora Production ASX announcement dated June 19, 2026 ASX announcement dated June 19, 2026 MinRes MIN Bald Hill Restart ASX announcement dated May 19, 2026 Rio Tinto RIO Nemaska Development PFS $2,597 34 S-K 1300 Technical Report dated September 8, 2023 Zijing Mining 601899 Manono Development Zijing Mining - Projects Critical Elements CRE Rose Development FS $2,359 17 Press Release dated August 29, 2023 Ganfeng 002460 Goulamina Production ASX announcement dated April 27, 2023 Elevra ELVR NAL Production ASX announcement dated August 28, 2025 ASX announcement dated May 13, 2026 Elevra ELVR Carolina Development BFS $900 11 ASX announcement dated March 2, 2025 Liontown LTR Kathleen Valley Production ASX announcement dated September 25, 2025 ASX announcement dated April 29, 2026 Core Lithium CXO Finniss Restart ASX announcement dated March 18, 2026 Atlantic ALL Ewoyaa Development DFS $1,695 12 ASX announcement dated April 16, 2024 IGO IGO Greenbushes Production ASX announcement dated August 28, 2025 ASX announcement dated December 22, 2025 MinRes MIN Wodgina Production ASX announcement dated July 30, 2025 Albemarle MinRes MIN Mt Marion Production ASX announcement dated July 26, 2024 ASX announcement dated February 21, 2024 Rio Tinto RIO Galaxy Development FS $2,022 19 ASX announcement dated September 25, 2023 SQM SQM Mt Holland Production FS $550 50 Press release dated July 23, 2025 Press release dated July 22, 2026 PLS PLS Colina Development PEA $1,853 11 ASX announcement dated August 15, 2024 Rio Tinto RIO Mt Cattlin Care & Maintenance NYSE announcement dated February 22, 2024 AMG Critical Materials AMG Mibra Production AMG Lithium Resources AMG Lithium Resources Savannah Resources SAV Mina do Barroso Development Scoping Study $1,597 14 Press release dated June 12, 2023 Develop Global DVP Dome North Development Scoping Study $1,393 7 ASX announcement dated May 7, 2024 Global Lithium GL1 Manna Development DFS $1,400 14 ASX announcement dated December 4, 2025 Elevra ELVR Moblan Development DFS $1,990 21 ASX announcement dated February 20, 2024 Green Technology GT1 Seymour Development PEA $1,851 7 ASX announcement dated February 21, 2025 Sibanye Stillwater SSW Keliber Development PFS $1,042 16 Sibanye Stillwater - Keliber Lithium Project Rock Tech RCK Georgia Lake Development PFS $1,600 9 Rock Tech Lithium - Projects Lithium Ionic LTH Bandeira Development DFS $2,212 18.5 Press release dated September 17, 2025 Albemarle ALB Kings Mountain Development 10 Albemarle Kings Mountain Mine Project Overview Factsheet - June 2024 Sigma SGML Grota do Cirilo Production NASDAQ announcement dated March 30, 2026 NASDAQ announcement dated March 30, 2026 Li-FT LIFT Adina Development Scoping Study $1,500 21 ASX announcement dated September 17, 2024 Frontier FL PAK Development DFS $1,475 31 Press release dated May 28, 2025 SQM SQM Andover Development Press release dated May 24, 2026 PMET PMET Shaakichiuwaanaan Development FS $1,332 20 PMET
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 27pmet.ca Peer Comparison Information – Lithium Pegmatite Mineral Resources (Americas) Company Project Stage Inclusive of Reserves Mineral Resources Information Source(s)Measured Indicated Inferred Mt %Li2O Mt %Li2O Mt %Li2O PMET Resources Inc. Shaakichiuwaanaan Development - – – 108.0 1.4% 33.4 1.3% TSX announcement dated July 20, 2025 Sigma Lithium Corporation Grota do Cirilo Production Y 45.8 1.4% 47.4 1.4% 13.7 1.4% Investor Presentation April 2025 Rio Tinto Ltd. Galaxy Development Y – – 55.4 1.2% 55.9 1.3% Arcadium 2023 10-K Sayona Mining Ltd. 60% / Investissement Québec 40% Moblan Development Y 6.0 1.5% 59.1 1.2% 28.0 1.1% ASX announcement dated August 27, 2024 Albemarle Corporation Kings Mountain Development - – – 46.8 1.4% 42.9 1.1% SEC filing dated February 15, 2023 Sayona Mining Ltd. (pending merger with Piedmont Lithium Inc.) NAL Production Y 0.9 1.1% 71.1 1.1% 15.8 1.1% ASX announcement dated August 27, 2024 Winsome Resources Ltd. Adina Development - – – 61.4 1.1% 16.5 1.2% ASX announcement dated May 28, 2024 Pilbara Minerals Ltd. Colina Development - 28.6 1.3% 38.6 1.2% 3.6 1.1% ASX announcement dated May 30, 2024 Frontier Lithium Inc. 92.5% / Mitsubishi Corporation 7.5% PAK + Spark Development Y 16.4 1.6% 20.5 1.5% 18.6 1.5% Definitive Feasibility Study dated 28, May 2025 Rio Tinto Ltd. 50% / Investissement Québec 50% Whabouchi Development Y – – 46.0 1.4% 8.3 1.3% S-K 1300 Technical Report dated September 8, 2023 Lithium Ionic Corp. Bandeira Development Y 3.4 1.4% 23.9 1.3% 18.6 1.3% Press release dated May 6, 2025 Sayona Mining Ltd. (pending merger with Piedmont Lithium Inc.) Carolina Development Y – – 28.2 1.1% 15.9 1.0% Press release dated October 21,2021 Critical Elements Lithium Corporation Rose Development Y – – 30.6 0.9% 2.4 0.8% TSX announcement dated August 29, 2023 AMG Lithium GmbH Mibra Production - 3.4 1.0% 16.9 1.1% 4.2 1.0% Euronext announcement dated April 3, 2017 Green Technology Metals Ltd. Root Development - – – 10.0 1.3% 10.1 1.1% ASX announcement dated April 3, 2025 Li-FT Power Ltd. Big East Development - – – – – 16.5 1.1% TSXV announcement dated October 1, 2024 SCR-Sibelco NV 60% / Avalon Advanced Materials Inc. 40% Separation Rapids Development - 4.3 1.3% 8.7 1.4% 2.3 1.5% TSX announcement dated February 27, 2025 Sayona Mining Ltd. (pending merger with Piedmont Lithium Inc.) Authier Development Y 6.0 1.0% 8.1 1.0% 2.9 1.0% ASX announcement dated April 14, 2023 Lithium Ionic Corp. Baixa Grande Development - 1.1 1.2% 5.4 1.1% 12.9 1.0% Press release dated January 14, 2025 Li-FT Power Ltd. Fi Main and SW Development - – – – – 13.8 1.0% TSXV announcement dated October 1, 2024 Rock Tech Lithium Inc. Georgia Lake Development Y – – 10.6 0.9% 4.2 1.0% TSX announcement dated November 15, 2022 Green Technology Metals Ltd. Seymour Development - – – 6.1 1.3% 4.1 0.7% ASX announcement dated November 17, 2023 Cygnus Metals Ltd. 51% / Stria Lithium Inc. 49% Pontax Development - – – – – 10.1 1.0% ASX announcement dated August 14, 2023 Note: Mineral resources are presented on a 100% basis and inclusive of reserves where noted. Estimates may have been prepared under different estimation and reporting regimes and may not be directly comparable. PMET Resources accepts no responsibility f or the accuracy of peer mineral resource data as presented. Details on the tonnes, category, grade, and cut -off for mineral resources of each company no ted herein are found within the respective information sources provided. Mineral Resource data sourced through July 11, 2025, from corporate disclosure of NI 43-101, JORC, or equivalent regulatory body. Deposit/Project data presented includes the total resource tonnage. Mineral resources are presented on a 100% basis and inclusive of reserves where applicable. Data is presented for all pegmatite deposits/projects >10 Mt and >0.65% Li2O head grade. Shaakichiuwaanaan’s Consolidated MRE (CV5 + CV13 pegmatites), which includes the Rigel and Vega caesium zones, totals 108.0 Mt at 1.40% Li2O, 0.11% Cs2O, 166 ppm Ta2O5, and 66 ppm Ga, Indicated, and 33.4 Mt at 1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga, Inferred, and is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.70% Li2O (underground CV13), with an Effective Date June 20, 2025 (through drill hole CV24-787). Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 28pmet.ca Peer Comparison Information – Tantalum Pegmatite Mineral Resources (Global) Company Project Stage Inclusive of Reserves Mineral Resources Information Source(s)Measured Indicated Inferred Mt Ta2O5 ppm Mt Ta2O5 ppm Mt Ta2O5 ppm Pilbara Minerals Ltd. Pilgangoora Production Y 16.5 144 314 106 76.6 124 Annual Report 2024 AVZ Minerals Limited 75% / La Congolaise d’Exploitation Minière SA 25% Manono Development Y 132.0 44 367 42 342.0 51 ASX announcement dated January 31, 2024 PMET Resources Inc. Shaakichiuwaanaan Development – – – 108 166 33.3 156 TSX announcement dated July 20, 2025 Liontown Resources Ltd. Kathleen Valley Production Y 19.0 149 109 131 26.0 118 ASX announcement dated October 30, 2024 Zhejiang Huayou Cobalt Co., Ltd. Arcadia Development Y 15.8 113 46 124 11.2 119 ASX announcement dated October 11, 2021 AMG Lithium GmbH Mibra Production – 3.4 359 17 335 4.2 337 Euronext announcement dated April 3, 2017 Andrada Mining Ltd. Uis Production – 27.3 110 18 105 32.7 89 AIM announcement dated February 6, 2025 Frontier Lithium Inc. 92.5% / Mitsubishi Corporation 7.5% PAK + Spark Development – 16.4 94 21 131 18.6 197 Definitive Feasability Study dated 28, May 2025 Sinomine Resource Group Co., Ltd. Tanco Production – – – – – 10.7 200 2024 Annual Report Delta Lithium Ltd. Yinnetharra Tantalum Development – – – 27 95 12.9 117 ASX announcement dated March 31, 2025 Wildcat Resources Ltd. Tabba Inahara Development – – – 70 65 4.1 80 ASX announcement dated Novemeber 28, 2024 Critical Elements Lithium Corporation Rose Development Y – – 31 118 2.4 129 TSX announcement dated August 29, 2023 Delta Lithium Ltd. Mt Ida Development – – – 8 224 6.8 154 ASX announcement dated October 3, 2023 Global Lithium Resources Ltd. Manna Development – – – 33 52 18.7 50 ASX announcement dated June 12, 2024 Rio Tinto Ltd. Mt Cattlin Development Y 0.2 154 10 155 4.8 177 ASX announcement dated November 28, 2024 Delta Lithium Ltd. Yinnetharra Development – – – 16 77 5.8 69 ASX announcement dated March 31, 2025 Green Technology Metals Ltd. Seymour Development – – – 6 149 4.1 100 ASX announcement dated November 17, 2023 Note: Mineral resources are presented on a 100% basis and inclusive of reserves where noted. Estimates may have been prepared under different estimation and reporting regimes and may not be directly comparable. Patriot Battery Metals accepts no responsibility for the accuracy of peer mineral resource data as presented. Details on the tonnes, category, grade, and cut-off for mineral resources of each company noted herein are found within the respective information sources provided. Mineral Resource data sourced through July 11, 2025, from corporate disclosure of NI 43-101, JORC, or equivalent regulatory body. Deposit/Project data presented includes the total resource tonnage. Mineral resources are presented on a 100% basis and inclusive of reserves where applicable. Data is presented for all pegmatite deposits/projects reporting Ta resources to the knowledge of the Company. Shaakichiuwaanaan’s Consolidated MRE (CV5 + CV13 pegmatites), which includes the Rigel and Vega caesium zones, totals 108.0 Mt at 1.40% Li2O, 0.11% Cs2O, 166 ppm Ta2O5, and 66 ppm Ga, Indicated, and 33.4 Mt at 1.33% Li2O, 0.21% Cs2O, 155 ppm Ta2O5, and 65 ppm Ga, Inferred, and is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.70% Li2O (underground CV13), with an Effective Date June 20, 2025 (through drill hole CV24-787). Mineral resources are not mineral reserves as they do not have demonstrated economic viability.
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ASX: PMT | TSX: PMET | OTCQX: PMETF | WB: R9GA 29pmet.ca Peer Comparison Information – Lithium Pegmatite Mineral Reserves (Americas) Company Project Stage Mineral Reserves Information Source(s)Proven Probable Mt %Li2O Mt %Li2O PMET Resources Inc. Shaakichiuwaanaan Development – – 84.3 1.3% TSX announcement dated October 20, 2025 Sigma Lithium Corporation Grota do Cirilo Production 39.9 1.3% 36.4 1.3% Investor Presentation April 2025 Rio Tinto Ltd. Galaxy Development – – 37.3 1.3% Arcadium 2023 10-K Elevra Lithium Ltd. 60% / Investissement Québec 40% Moblan Development 5.3 1.6% 42.8 1.3% ASX announcement dated August 25, 2025 Albemarle Corporation Kings Mountain Development – – – – Elevra Lithium Ltd. NAL Production 0.3 1.0% 48.2 1.1% ASX announcement dated August 27, 2025 Winsome Resources Ltd. Adina Development – – – – Pilbara Minerals Ltd. Colina Development – – – – Frontier Lithium Inc. 92.5% / Mitsubishi Corporation 7.5% PAK + Spark Development 16.2 1.6% 14.9 1.4% Definitive Feasability Study dated 28, May 2025 Rio Tinto Ltd. 50% / Investissement Québec 50% Whabouchi Development 10.5 1.4% 27.7 1.3% S-K 1300 Technical Report dated September 8, 2023 Lithium Ionic Corp. Bandeira Development 2.3 1.2% 14.9 1.2% Bandeira Lithium Project Araçuaí–Itinga NI 43-101 Feasibility Study Technical Report Elevra Lithium Ltd. Carolina Development – – 18.3 1.1% ASX announcement dated November 19, 2024 Critical Elements Lithium Corporation Rose Development – – 26.3 0.9% TSX announcement dated August 29, 2023 AMG Lithium GmbH Mibra Production – – – – Green Technology Metals Ltd. Root Development – – – – Li-FT Power Ltd. Big East Development – – – – SCR-Sibelco NV 60% / Avalon Advanced Materials Inc. 40% Separation Rapids Development – – – – Elevra Lithium Ltd. Authier Development 5.7 1.0% 4.9 1.0% ASX announcement dated August 27, 2025 Lithium Ionic Corp. Baixa Grande Development – – – – Li-FT Power Ltd. Fi Main and SW Development – – – – Rock Tech Lithium Inc. Georgia Lake Development – – 7.3 0.8% TSX announcement dated November 15, 2022 Green Technology Metals Ltd. Seymour Development – – – – Cygnus Metals Ltd. 51% / Stria Lithium Inc. 49% Pontax Development – – – – Note: Mineral reserves are presented on a 100% basis. Estimates may have been prepared under different estimation and reporting regimes and may not be directly comparable. PMET Resources accepts no responsibility for the accuracy of peer mineral resource data as presented. Details on the tonnes, category, grade, and cut-off for mineral resources of each company noted herein are found within the respective information sources provided. Mineral Reserve data sourced through November 13, 2025, from corporate disclosure of NI 43-101, JORC, or equivalent regulatory body. Deposit/Project data presented includes the total reserve tonnage. Shaakichiuwaanaan’s CV5 Pegmatite hosts a Probable Mineral Reserve of 84.3 Mt at 1.26% Li2O at a cut-off grade is 0.40% Li2O (open-pit) and 0.70% Li2O (underground). The Effective Date is September 11, 2025. Mineral Resources are inclusive of Mineral Reserves. See Slide X for further details.