CAT STRATEGIC METALS CORP - CATTF STOCK NEWS

CAT Strategic Metals Corporation has successfully completed the first tranche of its non-brokered private placement, raising CDN$834,500 by issuing 27,816,666 units at CDN$0.03 each. Each unit consists of one common share and one share purchase warrant, exercisable at CDN$0.05 for three years. The funds will primarily support exploration at the South Preston Uranium Property and general working capital. Finders' fees included CDN$15,165 in cash and 605,500 finders' warrants, also exercisable at CDN$0.05.

CAT Strategic Metals Corporation (CSE:CAT)(OTC PINK:CATTF) plans to raise up to CDN$1.5 million through a non-brokered private placement of 50 million units at CDN$0.03 per unit. Firm commitments of CDN$900,000 have already been secured. Each unit comprises one common share and one non-transferable warrant, exercisable at CDN$0.05 for 36 months. Proceeds will fund exploration of CAT's properties, particularly the South Preston Uranium Property, and for general working capital. Insider participation in the placement may qualify as a related party transaction but is expected to be exempt from formal requirements.

CAT Strategic Metals Corporation has completed a 7-hole diamond drilling campaign on its Burntland property in New Brunswick, with promising visual results from drill hole #6 showing moderate to medium Chalcopyrite content. The company also entered into a share purchase agreement with EXLA Resources Inc., selling its subsidiary which holds a gold property in Nevada for USD$125,000 and 110 million shares. CAT will refocus on its South Preston Uranium Project in Canada's Athabasca Basin, known for high-grade uranium deposits, as it prioritizes projects with significant potential.

CAT Strategic Metals Corporation announced plans for exploration of its South Preston uranium property in Saskatchewan, spanning 206.8 km². Following a review by Watts, Griffis and McOuat Limited, it was found that systematic exploration had been lacking in the area. Key highlights include the proximity to the Athabasca-basement unconformity and historical evidence of uranium mineralization. The company plans two major surveys: radon-in-water and an airborne EM-magnetometer survey, while ensuring community engagement with the Clearwater River Dene Nation. Further details are pending regulatory approvals.

CAT Strategic Metals Corporation has initiated a diamond drilling program at its Burntland Project in northern New Brunswick. This follows the identification of seven drill hole targets from previous trenching and a comprehensive drone magnetic survey. The drilling, contracted to Forages Technic Eau Inc., encompasses seven holes, each approximately 200 metres deep, set to conclude in 28 days with a brief pause during Christmas. CEO Robert Rosner expressed enthusiasm for the project, while project manager Patrick Laforest ensures quality oversight.

CAT Strategic Metals Corporation held its Annual General and Special Meeting of Shareholders on September 10, 2021, where shareholders approved all resolutions. Key outcomes included the election of four directors, the appointment of WDM Chartered Professional Accountants as auditors, and the establishment of a 10% Rolling Stock Option Plan. Following the meeting, Steven Cozine resigned as Chief Financial Officer, with Robert Rosner appointed as Chairman, President & CEO, and Sebastian Tang as CFO. The company focuses on strategic mineral exploration in North America.

CAT Strategic Metals Corporation announced significant updates on its Gold Jackpot mineral property in Elko County, Nevada. Preliminary surveys indicate two distinct geophysical anomalies linked to prior anomalous gold and copper samples. The southern anomalies suggest a diatreme-porphyry target, while the northern ones indicate a Carlin-style gold target. Further exploration and drilling plans are underway to assess these promising targets. The property hosts potential sulphide mineralization, with ongoing investigations into tellurium-rich mineralization.

CAT Strategic Metals Corporation announced updates regarding its Gold Jackpot mineral property in Elko County, Nevada. Recent surveys, including drone-based magnetic and gravity surveys, have identified two geophysical anomalies linked to previous gold and copper samples. These findings suggest potential sulphide mineralization at depth, supporting the company's hypothesis of both diatreme-porphyry and Carlin-style gold targets. Plans for drilling to further investigate these targets are underway, following data interpretation by Wright Geophysics.