Core Viewpoint - PMET Resources Inc. has entered into a definitive agreement to acquire the Pikwa Property, expanding its land position in the James Bay region of Quebec, which is expected to enhance its exploration potential for multiple commodities [1][6][10]. Acquisition Details - The acquisition involves a 100% interest in the Pikwa Property from Azimut Exploration Inc. and SOQUEM Inc. [1][6] - The Pikwa Property consists of 509 mineral claims covering approximately 10 km of a highly prospective greenstone belt trend [2][3]. - The acquisition is subject to customary closing conditions, including approval from the Toronto Stock Exchange [6]. Geological Potential - The Pikwa Property is located immediately west of PMET's flagship Shaakichiuwaanaan Property and is part of a continuous land position of over 70 km of greenstone trend [3][5]. - The geological setting of the Pikwa Property indicates strong potential for various commodities, including orogenic gold, porphyry deposits, and LCT pegmatites [2][3]. - Historical exploration has identified spodumene-bearing pegmatite and spodumene grains in till, further enhancing the property's potential [3][4]. Strategic Importance - The acquisition is viewed as a strategic addition to PMET's land holdings, consolidating some of the most prospective LCT pegmatite trends globally [5]. - The Pikwa Property includes multiple base and precious metal targets, which have been the focus of historical exploration efforts [4][5]. Financial Considerations - Upon closing, PMET will issue an aggregate of 841,916 common shares at a deemed price of $3.68 per share to Azimut and SOQUEM [8]. - A 1% net smelter return royalty interest will be granted to both Azimut and SOQUEM in relation to the Pikwa Property [8].