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PMET Secures C$1.2 Million Federal Funding for Lithium Project Access Road

Canada's government approved C$1.2 million to upgrade a 20-kilometre road to PMET's Quebec lithium project. Reported by TradingView and Reuters.

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what happened

The Government of Canada, through the First and Last Mile Fund of Natural Resources Canada, has approved C$1,215,185 to upgrade the access road to the Shaakichiuwaanaan project. TradingView reports this based on PMET's press release. Reuters also published a brief item on the same announcement.

The work covers roughly 20 kilometres of road linking the Trans-Taiga Road to the project in the Eeyou Istchee James Bay region of Quebec. The funds go to Innova Lithium, a wholly owned PMET subsidiary. The project was already included in the Canada Investment Summit Prospectus, which the company announced on September 14, 2026.

why it matters

The amount is small, so the news has little direct weight for the lithium market. It does show that federal programs are backing infrastructure for critical minerals, which projects need before they can reach production. The company also said other federal funding tools are being assessed.

tags

StockCanadaFiscal Budget

instruments

LithiumPMETFInnova Lithium

sources

  1. PMET Resources Announces Federal Funding of C$1.2 Million to its 100%-owned subsidiary Innova Lithium for Shaakichiuwaanaan Access Road — TradingView, 28 October 2026 at 17:08 UTC
  2. PMET Resources Announces Federal Funding Of C$1.2M To Its 100%-Owned Subsidiary For Shaakichiuwaanaan Access Road — Reuters, 28 October 2026 at 17:14 UTC
  3. PMET Resources Announces Federal Funding of C$1.2 Million to its 100%-owned subsidiary Innova Lithium for Shaakichiuwaanaan Access Road — TradingView, 28 October 2026 at 17:32 UTC

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