CAT Strategic completes Quebec rare earth element deal

Executive Summary

• CAT Strategic Metals Corp. completed the transaction to earn a majority interest in a district-scale rare earth element exploration project in Quebec, Canada, by issuing 33 million common shares.
• The company appointed Christopher Malone as Chief Financial Officer and Corporate Secretary, effective January 29, 2026, replacing Steven Cozine.
• The share issuance was priced at a deemed value of 1.5 cents per share, subject to standard statutory and exchange-imposed hold periods.

Key Details

• Transaction Completion: Completed the previously announced transaction granting exclusive rights to earn a majority interest in a district-scale rare earth element exploration project in Quebec, Canada.
• Consideration: Issued 33,000,000 common shares to the counterparty.
• Pricing: Deemed price of 1.5 cents per common share.
• Securities Restrictions:
  • Statutory hold period of four months and one day from the date of issuance.
  • Concurrent resale restriction under Canadian Securities Exchange (CSE) policies requiring a CSE-prescribed legend restricting trading until the expiry of the hold period.
• Management Appointment: Christopher Malone appointed as Chief Financial Officer and Corporate Secretary.
• Effective Date of Appointment: January 29, 2026.
• Successor Details: Replaces Steven Cozine, who remains as a director.
• New Executive Background:
  • Founding director of PrOasis, a professional consulting corporation.
  • 35 years managing the firm focusing on executive management, corporate finance, strategic planning, and governance for Canadian SMEs.
  • Over 43 years of experience in senior financial and IT systems roles in domestic and multinational organizations.
  • Holds CPA and CMA designations; BA in commerce and economics from the University of Western Ontario.
  • Extensive experience with listing, regulatory reporting, and governance on Canadian and US exchanges.

Notable Quotes

• "We are pleased to welcome Christopher to the management team. His experience will be invaluable as we continue to advance our exploration initiatives." — Robert Rosner, Chief Executive Officer