Mine / resource · Canada

Shaakichiuwaanaan

DevelopmentVerified 24 Oct 2026As of 25 Oct 2026
Owner
Patriot Battery Metals
Listed via
PMET.TO
Product
Spodumene
Deposit type
Spodumene
Capacity
FS Oct 2025: Phase 1 OP ~400 ktpa SC; Phase 2 UG +~400 ktpa → ~800 ktpa SC nameplate
Location
52.60°, -74.90°
Source
Filing used for verification

2026 drill program passed 30,000 m in over 250 holes; updated MRE, Feasibility Study and PEA due Q4 2026.

Ownership structure

Effective economic interest of listed owners · As of 25 Oct 2026
Patriot Battery MetalsPMET.TO100%ShaakichiuwaanaanMine / resource

Structure: Patriot Battery Metals.

Value chain

Owners, buyers and the refineries on Li3atlas they feed · As of 24 Oct 2026
Listed ownersPatriot Battery MetalsPMET.TO · 100%
Mine / resourceShaakichiuwaanaanFS Oct 2025: Phase 1 OP ~400 ktpa SC; Phase 2 UG +~400 ktpa → ~800 ktpa SC nameplate
Buyers (offtakes)PowerCo SE (Volkswagen)Spodumene concentrate SC5.5 · 100 ktpa

Resource and mine life

As of 24 Oct 2026
Resource
4.83 Mt LCE
Reserve
2.62 Mt LCE
Grade
1.40% Li2O Indicated / 1.33% Li2O Inferred
Mine life
19 years
As of
20 Jun 2025

Unit cost

Basis
DAP Grande-Anse as POL per t SC5.5 (total cash operating cost)
Period
FS Oct 2025 LOM

Cost bridge to US$/t LCE

Reported unit cost
CAD 729.1/t SC5.5
In US$ (fixed FX)
× 0.72 = $525/t SC5.5
× t concentrate per t LCE
× 8.17 (5.5% Li₂O, 90% recovery)
Mine cost per t LCE
$4,289/t LCE
+ Conversion to chemicals (assumption)
$3,500 · China Merchant Toll
Landed cost
$7,789/t LCE

Quartiles appear once 4 operations have a cost.

The conversion, freight and royalty settings are shared with the cost curve on the map page (Economics).

Position on the cost curve

Landed US$/t LCE, same assumptions as the cost curve · As of 24 Oct 2026
Hombre Muerto West (HMW): $3,963/t LCEQarhan Salt Lake: $4,292/t LCE (implied)Cauchari-Olaroz: $5,897/t LCEYichun lepidolite belt: $6,012/t LCE (implied)Greenbushes: $6,201/t LCEPilgangoora: $7,330/t LCEMibra: $7,416/t LCEWodgina: $7,489/t LCEShaakichiuwaanaan: $7,789/t LCE (Study estimate)Finniss: $7,913/t LCEZabuye Salt Lake: $8,265/t LCE (implied)Mt Marion: $9,166/t LCEGrota do Cirilo: $9,503/t LCEKathleen Valley: $10,203/t LCENorth American Lithium: $11,166/t LCE$11,1660

Study estimate Shaakichiuwaanaan: $7,789/t LCE · would be cheaper than about 25% of today's producing supply

Grey: every producing mine with a cost (width = capacity). Highlighted: this asset. Lighter dashed bars are implied costs (no reported unit cost). Projects are drawn as dashed outlines at their study cost; they are not producing and not in the percentages.

Milestones

As of 24 Oct 2026

Upcoming (2)

  • Q4 2026MRE-5, updated CV5 Li-Ta Feasibility Study and CV5-CV13 Li-Cs-Ta PEAOther · source
  • H2 2027Final investment decision (FID)FID · source

Offtakes and supply chain

As of 24 Oct 2026

Sells to

  • PowerCo SE (Volkswagen)Spodumene concentrate SC5.5 · 100 ktpa · 10 years · source

Country risk · Canada

Policy risk: Low As of 24 Oct 2026

Change history

Approved changes with their source · As of 25 Oct 2026
DateFieldChangeSource
25 Oct 2026production_plannew: 2030: 73 · 2031: 364 · 2032: 424 · 2033: 726 · 2034: 796 · 2035: 802 · 2036: 802 · 2037: 802 · 2038: 802 · 2039: 802 · 2040: 781 kt SC · CV5 Li-only FS Table 22.6 Concentrate Production @ 5.5% Li2O (kt dry); FS production years Jul–Jun; plan.year = June-end calendar year; plan years through 2040 only (as of 2025-10-20)CV5 Pegmatite Lithium-Only Feasibility Study NI 43-101 Technical Report – Shaakichiuwaanaan Project (effective 20 Oct 2025; issue 14 Nov 2025), Table 22.6
24 Oct 2026CapacityFS Oct 2025: LOM 19 yr; Phase 1 ~400 ktpa SC5.5 then Phase 2 to ~800 ktpa (5.1 Mtpa plant); updated FS/PEA due Q4 2026 → FS Oct 2025: Phase 1 OP ~400 ktpa SC; Phase 2 UG +~400 ktpa → ~800 ktpa SC nameplatePMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project (20 Oct 2025)
24 Oct 2026Offtakenew: PowerCo SE (Volkswagen) · Spodumene concentrate SC5.5 · 100 ktpa · 10 years ActivePMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project (20 Oct 2025)
24 Oct 2026Milestonenew: H2 2027 · Final investment decision (FID) FID ExpectedPMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project (20 Oct 2025)
24 Oct 2026Unit costnew: CAD 729.1 · DAP Grande-Anse as POL per t SC5.5 (total cash operating cost) · FS Oct 2025 LOMPMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project (20 Oct 2025)
24 Oct 2026CapacityFS (Oct 2025): up to ~800 ktpa SC (DMS only); updated FS and PEA due Q4 2026 → FS Oct 2025: LOM 19 yr; Phase 1 ~400 ktpa SC5.5 then Phase 2 to ~800 ktpa (5.1 Mtpa plant); updated FS/PEA due Q4 2026PMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project (20 Oct 2025)
24 Oct 2026Mine lifenew: 19PMET Resources Delivers Positive CV5 Lithium-Only Feasibility Study for its Large-Scale Shaakichiuwaanaan Project (20 Oct 2025)
24 Oct 2026CapacityPEA stage → FS (Oct 2025): up to ~800 ktpa SC (DMS only); updated FS and PEA due Q4 2026PMET Advances Shaakichiuwaanaan Development with more than 30,000 m 2026 Drill Program (ASX: PMT / TSX: PMET, 20 Oct 2026)

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