PMET Resources said on October 29, 2026, that Canada had approved C$1,215,185 for the Shaakichiuwaanaan access road, which serves its lithium project in Quebec. The contribution is to be made to Innova Lithium, PMET’s wholly owned subsidiary.

Key Takeaways

  • The planned upgrade covers approximately 20 kilometers of road connecting the project to the Trans-Taiga Road.
  • PMET is assessing other federal funding tools, but said there is no assurance that additional support will materialize.

Shaakichiuwaanaan access road upgrade

The company said the work is intended to improve the reliability and capacity of its wholly owned access road as mining activity increases. The Shaakichiuwaanaan property, in the Eeyou Istchee James Bay region, is already accessible year-round by an all-season road.

PMET said its application was approved under the Critical Minerals Infrastructure Fund, which has been integrated into the First and Last Mile Fund. The federal program supports activities including transportation infrastructure for critical minerals projects.

Project development

CEO Ken Brinsden said the contribution would support infrastructure work as PMET advances the project. The company announced the funding approval but did not provide a road construction schedule or say that the money had been paid.

PMET is developing Shaakichiuwaanaan as a potential lithium source, with additional tantalum and caesium opportunities. Its 2025 lithium-only feasibility study outlined a production target of up to approximately 800,000 tonnes of spodumene concentrate per year; that is a target, not current production.

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