PMET signs transshipment agreement with Matagami for Shaakichiuwaanaan lithium project
Mining company PMET signed a letter of intent with Matagami to construct spodumene concentrate rail transshipment infrastructure for its flagship Shaakichiuwaanaan lithium project
October 5 - Sydney, Australia: Sydney-based PMET Resources Inc. has signed a Letter of Intent with Matagami City for a transshipment arrangement supporting its Shaakichiuwaanaan lithium project in Quebec. The agreement outlines the framework for infrastructure enhancements and long-term transshipment services necessary to facilitate the movement of concentrated mineral concentrate from the mining site via trucks to rail cars bound for Matagami's transshipment yard.
This LOI represents a significant milestone in advancing the project's supporting infrastructure and logistics, with a definitive commercial agreement expected before a Final Investment Decision is made. PMET's CEO Frédéric Mercier-Langevin expressed optimism about the transshipment at Matagami, highlighting its role as a key link in the planned logistics chain connecting the Shaakichiuwaanaan concentrate to onward rail transportation to port.
Details on infrastructure upgrades, service pricing, and operational arrangements await final negotiation and agreement between the parties.
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