PMET Resources secures 1 2 million Canadian dollars federal lithium road grant
Lithium explorer PMET Resources secures 1 2 million Canadian dollars in federal funding for its Innova Lithium subsidiary to construct the Shaakichiuwaanaan access road
The Government of Canada has approved a C$1,215,185 contribution to the Shaakichiuwaanaan access road project, managed by PMET Resources Inc. The upgrade will improve the reliability and capacity of the 20km road that connects the Trans-Taiga Road to the Shaakichiuwaanaan critical minerals project in Quebec's Eeyou Istchee James Bay region.
Ken Brinsden, PMET's President, CEO, and Managing Director, expressed appreciation for the government's support in bringing the project closer to production. The Honourable Tim Hodgson, Minister of Energy and Natural Resources, emphasized the importance of infrastructure in advancing Canada's critical minerals supply chains. The funding is part of the First and Last Mile Fund, which integrates the Critical Minerals Infrastructure Fund.
This investment will support the advancement of the Shaakichiuwaanaan project while creating local jobs and strengthening Canada's position as a supplier of critical minerals.
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