Vancouver, British Columbia--(Newsfile Corp. - October 21, 2025) - CAT Strategic Metals Corporation (CSE: CAT) (OTC Pink: CATTF) (FSE: 8CH) ("CAT" or the "Company") is pleased to announce that it will be undertaking a rights offering (the "Rights Offering") to holders (the "Shareholders") of its common shares (the "Common Shares") as of the record date of October 28, 2025 (the "Record Date").
Under the Rights Offering, Shareholders will receive one (1) transferable right (a "Right") for each one (1) Common Share held. Each Right will entitle the holder to subscribe for one (1) unit (a "Unit") at a subscription price of $0.0075 per Unit (the "Subscription Price"). Each Unit will consist of one (1) Common Share and one (1) Common Share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder to purchase one (1) additional Common Share at a price of $0.05 per share for a period of sixty (60) months following the closing of the Rights Offering.
The Rights Offering is not subject to any minimum subscription level. A maximum of 277,793,411 Units may be issued under the Rights Offering, for maximum aggregate gross proceeds of approximately $2,083,450.58.
The Rights will trade on the Canadian Securities Exchange (the "CSE") under the symbol "CAT.RT" until 12:00 p.m. (Eastern Time) on November 21, 2025, after which time unexercised Rights will be void and of no value. The Common Shares and Warrants issuable upon exercise of the Rights will be listed on the CSE under the symbols "CAT" and "CAT.WT", respectively, subject to the Company fulfilling the listing requirements of the CSE.
Eligible Shareholders who fully exercise their Rights under the basic subscription privilege will also be entitled to subscribe, on a pro rata basis, for additional Units, if available, that were not subscribed for by other holders of Rights, subject to certain limitations as set out in the Company's Rights Offering circular dated October 21, 2025 (the "Circular"), which will be filed on SEDAR+ under CAT's profile at www.sedarplus.ca.
Registered Shareholders in all provinces and territories of Canada (the "Eligible Jurisdictions") who wish to exercise their Rights must forward the completed subscription form, together with payment, to the subscription agent, Odyssey Trust Company (the "Subscription Agent"), on or before the expiry time of 12:00 p.m. (Pacific Time) on November 21, 2025 (the "Expiry Time"). Shareholders who hold their Common Shares through an intermediary, such as a bank, trust company, securities dealer, or broker, will receive materials and instructions from their intermediary.
Subject to applicable laws, Rights certificates or DRS advices will not be mailed to Shareholders resident outside the Eligible Jurisdictions, unless such Shareholders are able to establish to the satisfaction of the Company that they are eligible to participate in the Rights Offering. Ineligible Shareholders will be sent a notice for information purposes only, advising them that their Rights will be held by the Subscription Agent on their behalf until November 11, 2025, after which time the Subscription Agent will attempt to sell such Rights on a best-efforts basis and remit the net proceeds, if any, to such Ineligible Shareholders.
The proceeds from the Rights Offering are expected to be used to fund future business expansion opportunities and for working capital and general corporate purposes, as more fully described in the Circular.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities within the United States, and such securities may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States or any "U.S. person" (as defined in Regulation S under the U.S. Securities Act of 1933, as amended), unless registered under the U.S. Securities Act and applicable state securities laws, or pursuant to an exemption from such registration requirements.
About CAT Strategic Metals Corporation (CAT)
CAT Strategic Metals' corporate strategy, as reflected in its overall Mission Statement, is to source, identify, acquire and advance property interests located in mineral districts proven to have world-class potential, primarily lithium, copper, gold, silver and tellurium. In addition to the Gold Jackpot strategic metals property located NE of Elko, Nevada, CAT also controls the South Preston Uranium Project in the Athabasca Basin of Saskatchewan, the Burntland Project located northeast of St. Quentin in the Restigouche County, New Brunswick, Canada, directed at the exploration and development of several Skarn-hosted copper-silver, gold targets. CAT's shares trade on the Canadian Securities Exchange (CSE) under the trading symbol "CAT", and on the Frankfurt Stock Exchange under the symbol "8CH".
ON BEHALF OF THE BOARD
Robert Rosner
Chairman, President & CEO
Further information regarding the Company can be found on SEDAR at www.sedarplus.ca, by visiting the Company's website www.catstrategic.com or by contacting the Company directly at (604) 674-3145 or by e-mail at info@catstrategic.com. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Caution Regarding Forward-Looking Information
This news release contains statements that constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements, or industry results, to differ materially from those expressed or implied by such forward-looking information. All statements herein, other than statements of historical fact, are forward-looking information. Forward-looking information in this news release includes, but is not limited to, statements regarding: the completion and timing of the Rights Offering; the intended use of proceeds; the anticipated record date and expiry date; the number of rights to be issued and the exercise price thereof; the trading of the rights, units, common shares, and warrants on the Canadian Securities Exchange ("CSE"); insider participation in the Rights Offering; the anticipated dilution to shareholders who do not participate; the expected closing date of the Rights Offering; and CAT's ability to continue as a going concern and execute its current business objectives. Forward-looking information is based on a number of assumptions and estimates, including, without limitation, assumptions regarding the general stability of the economic and political environment in which CAT operates; the Corporation's ability to obtain all required approvals and consents, including CSE acceptance of the listing of the rights and the warrants; investor interest and participation in the Rights Offering; CAT's ability to access capital on acceptable terms; the Corporation's future growth potential and operating performance; and that general business and economic conditions will not change materially adversely. Although the Corporation considers these assumptions to be reasonable based on information currently available to management, they may prove to be incorrect. Actual results may differ materially from those currently anticipated due to a number of risks and uncertainties, including, but not limited to: the potential that the Rights Offering will not be completed on the terms described herein or at all; the Corporation's inability to obtain required regulatory approvals; fluctuations in general market conditions and the trading price of the common shares; dilution resulting from the Rights Offering or other future financings; the Corporation's ability to continue as a going concern; operating and financial risks inherent in the mineral exploration and resource development industries; the availability of financing; political and regulatory risks; changes in laws or regulations; and other factors beyond the control of CAT.
Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive. Additional information identifying risks and uncertainties that could affect the Corporation's operations and financial results can be found in CAT's filings with Canadian securities regulators, available under the Corporation's profile on SEDAR+ at www.sedarplus.ca.
The forward-looking information contained in this news release is made as of the date hereof, and CAT disclaims any obligation to update or revise such information, whether as a result of new information, future events, or otherwise, except as required by applicable law.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
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SOURCE: CAT Strategic Metals Corporation
