CAT Strategic Metals Announces Rights Offering Closing

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.