PMET Resources Gets Funding Interest From Societe General for Quebec Lithium Project
By Robb M. Stewart
Canadian mineral explorer PMET Resources has an offering of financing from Societe Generale for its high-grade lithium project in Quebec.
PMET said Wednesday it received a non-binding letter of interest from the investment bank to potentially finance the first phase of development for the Shaakichiuwaanaan project in the Eeyou Istchee James Bay region.
Societe Generale is interested in participating as lead arranger for a possible debt financing package, PMET said. The letter of interest is intended to help with lender due diligence, including technical, environmental and commercial reviews, as PMET pushes toward completing an updated feasibility study by the end of the year.
PMET late last year unveiled what it said was a positive lithium-only feasibility study for the Shaakichiuwaanaan property, which is accessible year-round by all-season road and near to regional hydro-power infrastructure.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
June 03, 2026 08:00 ET (12:00 GMT)
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