PMET Signs Matagami LOI for Lithium Rail Transshipment Hub
Montreal – October 05, 2026 -- PMET Resources Inc. (TSX: PMET, ASX: PMT, OTCQX: PMETF, FSE: R9GA) has signed a Letter of Intent with the City of Matagami to build a spodumene concentrate transshipment link for its Shaakichiuwaanaan lithium project in Quebec, a key piece of logistics infrastructure required before the company can reach a Final Investment Decision.
Matagami yard will shift concentrate from truck to rail for port-bound shipments
Under the planned arrangement, spodumene concentrate would be trucked from the Shaakichiuwaanaan site to Matagami's existing transshipment yard, then loaded onto rail cars for onward transport to port. The LOI sets out principles for the infrastructure upgrades and operating arrangements needed to support the route, though pricing and contribution details remain subject to negotiation.