PMET Receives Letter of Interest for Project Financing
| Stock | Patriot Battery Metals Inc (PMT.ASX) |
|---|---|
| Release Time | 4 Jun 2026, 8:24 a.m. |
| Price Sensitive | Yes |
PMET Receives Letter of Interest for Project Financing
- PMET Resources Inc. receives a Letter of Interest from Société Générale for Shaakichiuwaanaan Project financing
- SG expresses interest in participating as a Mandated Lead Arranger for potential debt financing
- LOI is a step towards assembling a high-quality syndicate of internationally recognized lenders
PMET Resources Inc. is pleased to announce that it has received a non-binding Letter of Interest from Société Générale, a leading international corporate and investment bank, for potential project financing of the Phase 1 development of its 100%-owned Shaakichiuwaanaan Project in Quebec, Canada. Under the LOI, Société Générale has expressed interest in participating as a Mandated Lead Arranger for the potential debt financing package. The LOI is a significant step in advancing PMET's long-term financing strategy and aligns with the company's objective to assemble a high-quality syndicate of internationally recognized mining project finance lenders and Export Credit Agencies. This builds on the recently announced support and engagement from EDC, KfW IPEX-Bank, and an additional major Canadian financial institution. The LOI is intended to facilitate lender due diligence, including technical, environmental, and commercial reviews, as PMET advances toward completion of its updated Feasibility Study targeted for calendar Q4 2026.