Pmet Resources Inc. · TSX:PMET
Pmet Resources — Patriot Battery Metals — Investor Presentation (May 2025)
41 slides from Pmet Resources's investor presentation, May 23, 2025
Slide 1: North America's Next Lithium Powerhouse
For personal use only NORTH AMERICA’S NEXT LITHIUM POWERHOUSE May 2025
Slide 2: Investment Highlights
Investment Highlights For personal use only ~C$69m1 strategic Offtake with PowerCo SE An emerging, low-cost investment from (“PowerCo”), a subsidiary of Highly experienced management team with proven developer of lithium into Volkswagen Group to fund Volkswagen, for 100ktpa of track record of delive
Slide 3: Strategic Partnership with Volkswagen/PowerCo
For personal use only 1 Strategic Partnership with Volkswagen/PowerCo
Slide 4: Strategic Rationale
Strategic Rationale For personal use only Equity investment completed at a premium1 – underscores confidence in the size, quality, & strategic importance of the Shaakichiuwaanaan Project to the North American and European battery supply chains ~C$69M2 proceeds will predominantly be used to complet
Slide 5: Tier 1 Offtake Partner Secured
Tier 1 Offtake Partner Secured For personal use only Anticipated Spodumene Production (kt SC5.5 target) 100ktpa offtake volumes Remaining volumes • Vertically integrated battery manufacturer and 100% owned subsidiary of Volkswagen - largest European based car manufacturer and leader in EV sales 900
Slide 6: Shaakichiuwaanaan Project
For personal use only 2 Shaakichiuwaanaan Project 6 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 7: Largest Lithium Pegmatite Mineral Resource in the Americas
SHAAKICHIUWAANAAN – INVESTMENT HIGHLIGHTS Largest Lithium Pegmatite Mineral Resource in the Americas For personal use only Lithium Pegmatite Mineral Resource by Grade and Tonnage 2.00% Production Development PMET 108.0 Mt at 1.40% Li2O Indicated 1.80% 33.3 Mt at 1.33% Li2O Inferred 4.84 Mt contained
Slide 8: High-Grade Discovery at CV13 — Vega Zone
SHAAKICHIUWAANAAN — GEOLOGY/RESOURCES High-Grade Discovery at CV13 — Vega Zone1 For personal use only • High-grade lithium zone discovered in 2024 at the CV13 Spodumene Pegmatite – the Vega Zone: • 34.4 m at 2.90% Li2O, including 21.9 m at 3.58% Li2O (CV24-470), discovery hole. • 51.7 m at 1.77% Li2
Slide 9: Exploration Target
SHAAKICHIUWAANAAN — GEOLOGY/RESOURCES Exploration Target 1 For personal use only Significant Exploration Target outlines the potential for additional tonnage at the Shaakichiuwaanaan Property. • 146 to 231 Mt at 1.0 to 1.5% Li2O. The potential quantity and grade of the Exploration Target are concept
Slide 10: Other Critical Metals – Significant Cesium Discovery
SHAAKICHIUWAANAAN — GEOLOGY/RESOURCES Other Critical Metals – Significant Cesium Discovery1 For personal use only • High-grade cesium, an exceptionally rare and valuable critical metal, discovered at the CV13 Pegmatite. • Vega Cesium Zone (~600 x 400 m area) • 18.1 m at 2.71% Cs2O, including 7.4 m a
Slide 11: Other Critical Metals – Tantalum
SHAAKICHIUWAANAAN — GEOLOGY/RESOURCES Other Critical Metals – Tantalum For personal use only • Tantalum is a critical and strategic metal in key Western world jurisdictions. • Majority of current supply comes from DRC and Rwanda (around 60%). • Currently trading for approximately $100/lb with a rang
Slide 12: Other Critical Metals – Gallium
SHAAKICHIUWAANAAN — GEOLOGY/RESOURCES Other Critical Metals – Gallium For personal use only • Gallium is a critical and strategic metal in key Western world jurisdictions. • China controls 90%+ of Gallium market and has banned all exports to the US in late 20241. • It is a critical component in high
Slide 13: UG — High-grade Mining Potential
SHAAKICHIUWAANAAN PROJECT UG — High-grade Mining Potential Diluted Recovered U/G Mineral Resource Per Grade Bin For personal use only • Mining and processing a higher grade has the effect of increasing Avg. Grade per Grade Bins Tonnes per Cumulative Cumulative the ‘yield-to-product’ derived from pro
Slide 14: Feasibility Study
SHAAKICHIUWAANAAN PROJECT Feasibility Study For personal use only • Feasibility Study on the CV5 Pegmatite is well underway. • Targeting completion Q3 2025. • Simple DMS-only processing plant. • Average LOM recovery rate expected to be in line with 2 the PEA (69.5% ) • Phased approach could see the
Slide 15: PEA Highlights
SHAAKICHIUWAANAAN – PEA HIGHLIGHTS PEA Highlights For personal use only After-Tax NPV8% Real After-Tax IRR Stage 1 Net Capex Payback Period C$2.9 Billion 34% C$640 Million 2 3.6 Years (US$2.2 Billion) (US$487 Million) Estimated break-even spodumene 1 US$1,375/t (SC5.5 FOB Bécancour) price (SC6) of U
Slide 16: Cree Engagement
Cree Engagement For personal use only • Site celebrations/ceremony and feast. • Approximately 40 community members, including the Tallyman and his family. • The entire site team. • Camp Shaakichiuwaanaan • The name means climbing a hill or a mountain. • As chosen by the Tallyman, his family and supp
Slide 17: ESIA Approach: Baseline Data Collection
ESIA APPROACH Baseline Data Collection Timeline 2022 2023 2024 2025 For personal use only Activity Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Baseline Studies Completed Completed Underway To come Biophysical Geochemistry (phase 1; phase 2 – kinetic testing) Soils Hydrology and bathymetry Surfac
Slide 18: Mining Approval Process
SHAAKICHIUWAANAAN PROJECT Mining Approval Process For personal use only Project Description Environmental Impact Assessment Report COMEV / COMEX Deliberation Examples from ESIA submittal to authorization Project guidelines Baseline Data collection (nearly complete) Alternatives Assessment St
Slide 19: Market / Industry Commentary
For personal use only 3 Market / Industry Commentary
Slide 20: Cutting into the Cost Curve
SHAAKICHIUWAANAAN — LITHIUM MARKET COMMENTARY Cutting into the Cost Curve For personal use only • Current pricing is not high enough to 1,800 Growth Capex incentivise the new required production. 1,600 Freight / Royalties / • Supply cuts are happening with current 1,400 Sustaining Capex C1 FOB produ
Slide 21: North American Downstream Landscape
MARKET / INDUSTRY COMMENTARY North American Downstream Landscape Supply (weighted, thousand tonnes LCE) 325 For personal use only Demand (Thousand tonnes LCE) 225 153 129 24 42 Earlier Stage Fully Funded 2024 2027 2030 Operating Select EV cell plants Others 4 plants 5 plants (planned) (operating and
Slide 22: Demand Growth
For personal use only 4 Demand Growth
Slide 23: Consistently Higher EV Sales
SHAAKICHIUWAANAAN — MARKET COMMENTARY Consistently Higher EV Sales For personal use only • Lithium Iron Phosphate (LFP) cells in China are now at a very price competitive level, having halved in sale-price in the last 12 months. • EVs are now price competitive in the US market, with the cheapest 300
Slide 24: BESS Demand Surging
SHAAKICHIUWAANAAN — MARKET COMMENTARY BESS Demand Surging For personal use only • Battery Energy Storage Systems (BESS) installation has grown by 51% YoY in 2024, reaching more than 213 GWh. This is enabled due to lower LFP cell costs. • Expected growth globally at 40% for 2025. • To give a sense of
Slide 25: Demand at a Tipping Point
SHAAKICHIUWAANAAN — MARKET COMMENTARY Demand at a Tipping Point For personal use only Battery margins are being squeezed EVs Pass a Key Measure of Price Parity in US China sell spot prices and manufacturing costs Several 300-mile range EVs now cost less than the average new car Source: BloombergNEF
Slide 26: Corporate Snapshot
For personal use only 5 Corporate Snapshot
Slide 27: Exploration, Resource Growth, and Project Delivery
Exploration, Resource Growth, and Project Delivery For personal use only Continue to Drill Exploration/ Community Develop CV5 Development • Extend CV5 eastward to CV4 and • Detailed surface mapping at CV5 • Build and enhance relationships Upgraded CV5 mineral westward to CV13 and CV13 to refine geol
Slide 28: Proven Management Team with a Track Record of Value Creation
PROVEN MANAGEMENT TEAM WITH A TRACK RECORD OF VALUE CREATION For personal use only Ken Brindsen Natacha Garoute Frédéric Mercier- Darren L. Smith Alex Eastwood Olivier B.Eng. (Mining), CPA, LLB Langevin M.Sc., P. Geo BEc, LLB Caza-Lapointe MAUSIMM, MAICD CFO Eng., M.Sc Executive Vice Head of Investo
Slide 29: Corporate Snapshot
CORPORATE SNAPSHOT Corporate Structure Shareholder Register For personal use only 3% Capital Structure CAD (m) 4% 3% 0% 5% Basic Shares Outstanding 162.2 19% 15% 36% Dilutive Securities 6.5 51% Fully Diluted Shares 168.7 20% Market Cap (as of May 21st,2025) : $347 23% 21% Cash (as of Dec 31) + VW Pr
Slide 30: Thank you
For personal use only Thank you PATRIOT BATTERY METALS +1 (604) 279 8709 [email protected] patriotbatterymetals.com 30 TSX: PMET ASX: PMT OTCQX: PMETF WB: R9GA PMET
Slide 31: Appendix
For personal use only Appendix
Slide 32: Future Infrastructure
SHAAKICHIUWAANAAN – MINING, PROCESSING, AND INFRASTRUCTURE Future Infrastructure For personal use only • Power – Low-carbon footprint, low-cost and mainly renewable electricity sourced from Hydro-Québec – The electrical substation will be located at the main project site, approximately 55 km south o
Slide 33: Infrastructure Upside, La Grande Alliance
SHAAKICHIUWAANAAN – MINING, PROCESSING AND INFRASTRUCTURE Infrastructure Upside, La Grande Alliance For personal use only • Road between Renard Mine and the Trans-Taiga1 – During Years 6-15 of LGA plan, a proposed road extension between the Renard Mine and the Trans-Taiga Road is envisioned – This k
Slide 34: NI 43-101 Mineral Resource Statement
CV5 AND CV13 PEGMATITES NI 43-101 Mineral Resource Statement For personal use only Tonnes Li2O Ta2O5 Ga Contained LCE Pegmatite Classification (t) (%) (ppm) (ppm) (Mt) Indicated 107,955,000 1.40 166 66 3.75 CV5 & CV13 Inferred 33,280,000 1.33 156 65 1.09 • Mineral Resources were prepared in accordan
Slide 35: Peer Comparison – Lithium Pegmatite Mineral Resources (Americas)
P E E R COMPARISON INFORMATION – LITHIUM PEGMATITE MINERAL RESOURCES (AMERICAS) Inclusive of Mineral Resources Company Project Stage Reserves Measured Indicated Inferred Information Source(s) Mt %Li2O Mt %Li2O Mt %Li2O Patriot Battery Metals Inc. Shaakichiuwaanaan Development - – – 108.0 1.4% 33.3 1
Slide 36: Peer Comparison – Lithium Pegmatite Mineral Reserves (Americas)
P E E R COMPARISON INFORMATION – LITHIUM PEGMATITE MINERAL RESERVES (AMERICAS) Mineral Reserves Company Project Stage Proven Probable Information Source(s) Mt %Li2O Mt %Li2O Patriot Battery Metals Inc. Shaakichiuwaanaan Development – – – – For personal use only Sigma Lithium Corporation Grota do Cir
Slide 37: Peer Comparison – Tantalum Pegmatite Mineral Resources (Global)
P E E R COMPARISON INFORMATION – TANTALUM PEGMATITE MINERAL RESOURCES (GLOBAL) Inclusive of Mineral Resources Company Project Stage Reserves Measured Indicated Inferred Information Source(s) Ta2O5 Ta2O5 Ta2O5 Mt Mt Mt ppm ppm ppm Pilbara Minerals Ltd. Pilgangoora Production Y 16.5 144 314 106 76.6 1
Slide 38: Peer Comparison – Tantalum Pegmatite Mineral Reserves (Global)
P E E R COMPARISON INFORMATION – TANTALUM PEGMATITE MINERAL RESERVES (GLOBAL) Mineral Reserves Company Project Stage Proven Probable Information Source(s) Mt Ta2O5 ppm Mt Ta2O5 ppm Pilbara Minerals Ltd. Pilgangoora Production 14.0 131 194.7 101 Annual Report 2024 For personal use only AVZ Minerals L
Slide 39: Important Information
IMPORTANT INFORMATION This presentation is dated May 12th, 2025, and has been prepared by Patriot Battery Metals Inc and funding from available government infrastructure funds. It is possible that such funding may only Shaakichiuwaanaan Project; the ability of the Company to finance the development
Slide 40: Important Information
IMPORTANT INFORMATION QUALIFIED/COMPETENT PERSONS the activity he is undertaking to qualify as a Competent Person as such term is defined in the JORC assays, geophysical surveys (magnetics, IP-resistivity), and remote sensing data (LiDAR and Code (2012 edition) and a Qualified Person (as such term i
Slide 41: Important Information: Non-IFRS and Other Financial Measures
IMPORTANT INFORMATION 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
Patriot Battery Metals — Investor Presentation (May 2025) on 6ix