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Financings

CAT Strategic Metals Announces Rights Offering Closing

By The Northwire Desk — AI Analysis Dec 04, 2025 · 20:32 CAT · 0.01 CAT Strategic Metals Corporation
CAT · Price

Executive Summary

  • CAT Strategic Metals closed its rights offering on November 24, 2025, raising gross proceeds of $463,201.82 from the sale of 61,760,243 units.
  • Net proceeds will be allocated to exploration expenditures at the Burntland Project, as well as working capital and general corporate purposes.
  • Each unit consisted of one common share and one warrant exercisable at $0.05 per share through November 21, 2030; warrants are listed on the CSE under “CAT.WT”.

Key Details

  • Units sold: 61,760,243 (46,802,243 basic subscriptions + 14,958,000 additional subscriptions).
  • Gross proceeds: $463,201.82.
  • Net use of proceeds: Exploration at Burntland Project; working capital; general corporate purposes.
  • Unit composition: 1 common share + 1 warrant per unit.
  • Warrant terms: Exercise price $0.05 per share; exercisable until 4:00 p.m. PT on 21 Nov 2030; listed as “CAT.WT”.
  • Post‑offering shares outstanding (pre‑warrant exercise): 339,553,654 common shares.
  • No insider purchases and no new shareholder acquired >10% of the common shares.
  • Rights offering was previously announced; this release confirms closing and financial results.

Notable Quotes

  • “The successful completion of this rights offering provides us with essential capital to advance our Burntland Project and strengthens our balance sheet for future growth.” – Robert Rosner, Chairman, President & CEO.
Read the original news release →

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Drill Results