What assets do they own and what metals are they expected to produce and when?
Can you give me a summary of their current financial state?
Would you be a buyer?
PMET has $51M cash but no reported revenue yet. It has had losses since inception, with a loss of $23M expected this year. Cash flow is negative (-$5.3M in the last 12 months). It is a junior exploration company focused on hard-rock lithium in Quebec's James Bay region. Recent drill results and project updates show progress on resource expansion, but the latest feasibility study for the CV5 deposit revealed weaker economics than prior estimates, with higher capex and lower NPV amid soft lithium prices. PMET's primary asset is the Shaakichiuwaanaan Project (formerly Corvette), centered on the CV5 spodumene deposit. This lithium-rich pegmatite hosts indicated resources of about 109.2 Mt at 1.42% Li2O and inferred resources of 25.8 Mt at 1.35% Li2O, with potential for tantalum and cesium byproducts. The company targets lithium concentrate (spodumene) production from CV5, with a feasibility study (Q3 2025) outlining Phase 1 output of ~240,000 tpa LCE-equivalent starting around 2029-2030, assuming permitting and financing success. Full production could scale later, but timelines depend on de-risking and market recovery; no firm metals beyond lithium are committed yet. The stock has done well and the lithium sector is heating up again. We would be OK buying a small position for those interested in the sector, but it should still be considered speculative. Insiders own 2% but have been recent buyers.