QUEBEC / LONDON (IT BOLTWISE) – PMET Resources has strengthened its position in the mineral-rich James Bay region through the strategic acquisition of the Pikwa property. This acquisition gives the Company access to valuable resources such as gold, copper and lithium and supports its long-term exploration plans. The region is becoming increasingly popular with companies specializing in resource development.
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PMET Resources has taken a significant step to strengthen its presence in the mineral-rich James Bay region of Quebec. By acquiring the strategically important Pikwa property, the Company expands its access to valuable resources such as gold, copper and lithium. This acquisition is an important part of PMET’s long-term strategy, which aims to maximize exploration opportunities in one of the world’s most mineral-rich regions.
The Pikwa area comprises a total of 509 mineral claims and offers promising geological conditions for various deposit types. This expansion allows PMET to control an uninterrupted section of over 70 kilometers of the highly interesting greenstone belt trend. Previous exploration has documented the significant potential of spodumene-bearing pegmatites, supporting PMET’s strategic plans for further exploration and exploitation of the area.
The transaction includes 841,916 common shares of PMET and two separate NSR royalty interests and is subject to regulatory approvals from the Toronto Stock Exchange. PMET plans to incorporate the new area into its comprehensive exploration programs starting in 2026 to further develop the potential for mining critical minerals. The James Bay region is becoming increasingly popular with companies specializing in developing resource-rich areas.
Darren L. Smith, Executive Vice President of Exploration at PMET, emphasized the importance of this acquisition to the company’s long-term strategy. The James Bay region is considered one of the most mineral-rich buffer zones in the world, putting PMET in an advantageous position to benefit from the resources there. The strategic expansion of the property consolidates the Company’s existing footprint and completes access to one of the region’s most prospective mineral zones.
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