The Globe and Mail reports in its Thursday, Nov. 20, edition that RBC Capital Markets analyst Kaan Peker rates PMET Resources "outperform" in new coverage. The Globe's David Leeder writes in the Eye On Equities column that Mr. Peker set a share target of $4.70. Analysts on average target the shares at $7.34. Mr. Peker thinks PMET "offers investors Tier-1 lithium resource scale, strategic OEM alignment and leverage to the build-out of a North American battery supply chain." With its Shaakichiuwaanaan project in Northern Quebec now North America's largest undeveloped hard-rock lithium resource, Mr. Peker sees the Montreal-based company as a "cornerstone for North America's electrification" and "stands out as one of the few Western assets able to supply meaningful volumes into a region with constrained upstream supply." Mr. Peker says in a note: "The recent feasibility study provides a conservative base case anchored on the CV5 deposit, while upcoming approvals, by-product, deposit integration and funding clarity present multiple rerating catalysts. We recommend accumulating ahead of resource updates in 1H26 and technical studies." Mr. Peker acknowledges his base case for PMET is "conservative, but the upside evident."