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CAT Strategic Metals Corporation (CSE: CAT,OTC:CATTF) (OTC Pink: CATTF) (FSE: 8CHA) ("CAT" or the "Company") is pleased to announce that it has successfully completed the previously announced transaction granting the Company the exclusive right to earn a majority interest in a district scale rare earth elements (REE) exploration project in Quebec, Canada, pursuant to the press release dated January 13, 2026.
In accordance with the MOU, the Company issued 33,000,000 Common Shares at a deemed price of $0.015 per Common Share. All securities issued pursuant to the Binding MOU are subject to a statutory hold period of four months and one day from the date of issuance, as well as a concurrent resale restriction under Canadian Securities Exchange ("CSE") policies requiring a CSE-prescribed legend restricting trading until the expiry of the hold period.
Appointment of New CFO and Corporate Secretary
Further, the Company is pleased to announce the appointment of Mr. Christopher Malone as Chief Financial Officer and Corporate Secretary, effective January 29, 2026, replacing Mr. Steven Cozine, who will remain as a director.
Mr. Malone is the founding Director of PrOasis, a professional consulting corporation, where he has spent the past 35 years managing the firm which focuses on executive management, corporate finance, strategic planning and governance for major Canadian SME organizations. Mr. Malone currently holds several positions as Chief Financial Officer. Additionally, Mr. Malone currently serves on the Board of Directors for several public and private organizations. Mr. Malone has extensive listing, regulatory reporting and governance experience with private businesses and public companies and on Exchanges in Canada and the United States. Mr. Malone's experience stems from over 43 years in the North American workforce holding senior financial and information technology systems roles in some of Canada's largest domestic and multi-national organizations. Mr. Malone holds a CPA, CMA designation and graduated from the University of Western Ontario with a B.A. in Commerce and Economics.
The Company's CEO, Robert Rosner, commented: "We are pleased to welcome Christopher to the management team. His experience will be invaluable as we continue to advance our exploration initiatives."
About CAT Strategic Metals Corporation:
CAT Strategic Metals Corporation is a Canadian based mineral exploration company focused on the acquisition and derisking of overlooked projects situated in well-established geological districts in North America. The Company is specially focused on minerals which are considered highly strategic from a monetary as well as global infrastructure and energy point of view. CAT's shares trade on the Canadian Securities Exchange (CSE) under the trading symbol "CAT", on the OTCMarkets.com under the trading symbol "CATTF", and on the Frankfurt Stock Exchange under the symbol "8CHA".
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.
This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Particular risks applicable to this press release include risks associated with planned production, including the ability of the company to achieve its targeted exploration outline due to regulatory, technical or economic factors; and the completion of the transactions contemplated herein. In addition, there are risks associated with estimates of resources, and there is no guarantee that a resource will be found or have demonstrated economic viability as necessary to be classified as a reserve. There is no guarantee that additional exploration work will result in significant increases to resource estimates.
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.
We seek safe harbour.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282278
