Bullboard - Stock Discussion Forum CAT Strategic Metals Corp C.CAT

Alternate Symbol(s): CATTF

Metals & Mining Industrial Metals & Minerals

CAT Strategic Metals Corporation is a Canada-based mineral exploration company focused on the acquisition and exploration of Strategic North American mineral projects. The Company’s projects include Gold Jackpot, Burntland, South Preston and Kamativi. The flagship project is the Kamativi Tailings Lithium Project, which is located in the Republic of Zimbabwe. The Gold Jackpot project is situated... see more

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CAT Strategic Metals Corp > Plan to Spin off South Preston Uranium Project C.CAT

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Post by Betteryear2 on Jun 06, 2023 9:02am

Plan to Spin off South Preston Uranium Project C.CAT

VANCOUVER, BC / ACCESSWIRE / June 6, 2023 / CAT Strategic Metals Corporation (CSE:CAT)(OTC PINK:CATTF)(FRA:8CH) ("CAT" or the "Company") announces that the Board of Directors has approved a plan to pursue a tax-free spin-off of its South Preston Uranium Project, located in Canada's prolific Athabasca Basin, into a separate publicly traded entity. This move is aimed at strengthening the Company's strategic and operational focus, capitalizing on growth opportunities, and unlocking shareholder value. Both companies expect to maintain a strong strategic relationship, preserving a key value proposition for shareholders of both companies. It is anticipated that the spin-off will be completed by the end of the third quarter of the current fiscal year. The date to determine the Shareholders of Record who will be eligible to participate in the issuance of shares by the newly formed company has not been determined as yet but will be announced in the near future.

CAT Strategic Metals Announces Plan to Spin off South Preston Uranium Project Into Newly Formed Publicly Traded Company (accesswire.com)