CAT Strategic Metals Corp C.CAT

Alternate Symbol(s): CATTF

Metals & Mining Industrial Metals & Minerals

CAT Strategic Metals Corporation is a Canadian resource exploration and development company, which is focused on the acquisition and development of strategic global mineral projects, primarily lithium, copper, gold, silver and tellurium. The Company's projects include South Preston Uranium Project, Gold Projects, and New Brunswick Project. Its South Preston Uranium Project is comprised of approximately 29,395 hectares. The South Preston Uranium Property is located in the southwest area of Canada's Athabasca Basin, which is known to host some of the highest-grade uranium deposits. Its Gold Projects include Gold Jackpot and Rimrock. The Gold Jackpot is a highly mineralized region with multiple outcrops that assay high-grade silver, gold, and tellurium. The unpatented lode claims of the Gold Jackpot Property are located in Elko, Nevada, United States. The New Brunswick Property is comprised of approximately 1,200 hectares located in the county of Restigouche, New Brunswick, Canada.

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CAT Strategic Metals Corp

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Post by Betteryear2on Jun 06, 2023 9:02am

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Post# 35482067

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)

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Advancing flagship Ishkõday Gold Project in Ontario