PMET Resources released an updated feasibility study for its Shaakichiuwaanaan lithium-tantalum project in Quebec, Canada, showing improved economics through a derisked development plan prioritizing high-grade underground mining and tantalum recovery. The study forecasts a 19% reduction in operating costs and a 40.4% after-tax IRR, with spodumene concentrate production ramping up to 800,000 tonnes annually. The project targets a final investment decision by late 2027, aiming to supply critical minerals to North American, European, and Asian markets. A preliminary economic assessment covering additional minerals is expected soon.
PMET Resources' updated feasibility study for its Shaakichiuwaanaan lithium-tantalum project provides context for readers following basic materials. For readers following basic materials, here is Pluang's market snapshot as of Nov 11, 2026 04:12 WIB: out of 83 priced US stocks in the sector, 16 rose and 67 fell. Notable movers include BTG at USD 5.33 with a 1-day change of -6.25% and 100% sell order activity, JHX at USD 28.07 down 6.25%, and LAC at USD 1.90 down 6.19% but with 100% buy order activity and a typical hold time of 31 days.
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