CAT Strategic Metals Enters into Binding Memorandum Of Understanding to Acquire a District-Scale Rare Earth Elements Project in Quebec

Core Viewpoint - CAT Strategic Metals Corporation has entered into a Binding Memorandum of Understanding to earn a majority interest in a significant rare earth elements exploration project in Québec, Canada, indicating a strategic move to consolidate mineral claims and control an emerging REE discovery [1][2]. Transaction Overview - The Binding MOU grants CAT the exclusive right to earn an 80% interest in the project over a five-year term, pending regulatory approvals [3]. - The agreement will convert into a definitive option agreement upon receiving necessary regulatory approvals, with no finder's fees involved [3]. Strategic Significance - The project encompasses 4 claim blocs totaling 95 claims and approximately 4,330 hectares, with confirmed rare earth element mineralization, allowing CAT to conduct systematic exploration [4]. - The consolidation of claims under a single agreement enhances operational control and exploration efficiency across the district [4]. Financial Terms - CAT will issue 33,000,000 common shares to the vendors and make annual anniversary payments of CAD $175,000 for three years [5]. - A minimum exploration expenditure of CAD $500,000 is required over the option term, with a one-time cash bonus of CAD $500,000 upon completion of a bankable feasibility study [5]. Geological Insights - The project includes the "Surivvik" mineral showing, which returned significant values of 2,349.49 ppm REE and other minerals, indicating a promising geological setting [6]. - The property also features three major alkaline intrusions, enhancing its potential for hosting a scalable REE system [9]. Next Steps - Following regulatory approvals, CAT plans to finalize the definitive option agreement and initiate a phased exploration program to expand and define REE mineralization [10]. - A grassroots exploration program is expected to commence in summer 2026, focusing on geological mapping and sampling [11]. Company Overview - CAT Strategic Metals Corporation is focused on acquiring and derisking overlooked mineral projects in North America, particularly those involving strategic minerals essential for global infrastructure and energy [14].