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Canada funds C$1.2M to upgrade road for Quebec's Shaakichiuwaanaan lithium project

Market News
28 Oct 2026, 20:08 WIB
PRNewsWire
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Bullish
Canada funds C$1.2M to upgrade road for Quebec's Shaakichiuwaanaan lithium project

The Canadian government, through Natural Resources Canada's First and Last Mile Fund, approved C$1,215,185 to upgrade a 20-kilometer access road for PMET Resources' Shaakichiuwaanaan lithium project in Quebec. This infrastructure improvement will enhance road reliability and capacity to support increased mining activity, aiding the project's development and Canada's critical minerals supply chain. The project is notable for its large lithium reserves and potential contributions to North American critical mineral supply. Further government funding options are being explored to support the project.

PMET Resources' federal funding for its Shaakichiuwaanaan lithium project provides context for basic materials markets. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 28, 2026 23:02 WIB: out of 83 priced US stocks, 15 rose and 67 fell. Notable movers include FMC at USD 4.53 with a 1-day change of -3.82% and a Pluang order activity of 4% Sell / 96% Buy, Novagold Resources Inc. at USD 6.11 down 3.63%, and Century Aluminum Company at USD 34.50 up 3.42%. Typical hold times on Pluang range from 5 to 64 days among these stocks.

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