CAT Strategic Metals Announces Rights Offering Closing

Core Points - CAT Strategic Metals Corporation successfully closed its rights offering on November 24, 2025, raising gross proceeds of $463,201.82 from the sale of 61,760,243 units [1][2] - The proceeds will be allocated towards exploration expenditures at the Burntland Project and for working capital and general corporate purposes [1] - Each unit consists of one common share and one warrant, with the warrant exercisable at $0.05 per share until November 21, 2030 [2] Company Overview - CAT Strategic Metals focuses on sourcing, identifying, acquiring, and advancing property interests in mineral districts with world-class potential, primarily in lithium, copper, gold, silver, and tellurium [5] - The company controls the Burntland Project in New Brunswick, Canada, which targets several copper-silver and gold deposits [5] - CAT's shares are traded on the Canadian Securities Exchange under the symbol "CAT" and on the Frankfurt Stock Exchange under "8CHA" [5] Shareholder Information - No directors, officers, or insiders of the company purchased any units in the offering, and no new shareholders holding more than 10% of common shares emerged post-offering [3] - Following the offering, the total number of common shares issued and outstanding will be 339,553,654, excluding the exercise of warrants [3]