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**media[1147638]**MONTREAL, July 23, 2026 /PRNewswire/ -- July 23, 2026 - Sydney, AustraliaHighlightsPMET has signed a non-binding Letter of Intent ('LOI') with the Cree Nation of Chisasibi, to provide a structured framework for engagement, information-sharing, discussion, and process clarity in respect of the proposed Shaakichiuwaanaan Project.The LOI does not constitute consent to, approval of, or endorsement for the Shaakichiuwaanaan Project.During the Engagement and Assessment Period, Chisasibi and PMET intend to build and maintain a respectful working relationship during which the parties may exchange information and perspectives, identify questions or concerns, and discuss potential benefits, risks, impacts, mitigation measures, capacity considerations, and community priorities.Under the LOI, the parties intend to establish time-limited, subject-matter focused working groups to support discussion and information exchange on specific topic areas, which may include training, employment, skills development, local economic development, environment, transportation and other matters of interest. Ken Brinsden, CEO and Managing Director, comments: 'Since 2022, the Company has engaged with Chisasibi regarding the Company's exploration activities at the Shaakichiuwaanaan Project. This has included community consultation and local employment initiatives. During 2025, approximately 25% of the site's workforce were Cree.