PMET signs Matagami rail transshipment letter of intent

PMET Resources has signed a letter of intent with the City of Matagami to advance a shipping route for spodumene concentrate from its Shaakichiuwaanaan lithium project in Quebec. Under the proposed plan, concentrate would be trucked to Matagami’s trans-shipment yard, transferred to rail cars and sent onward to port. The LOI establishes a framework for infrastructure upgrades and trans-shipment services, but investment contributions, fees and operating details remain to be negotiated. PMET and Matagami intend to reach a definitive commercial agreement before the company makes a final investment decision on the project.