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CAT Strategic Metals Enters into Binding Memorandum Of Understanding to Acquire a District-Scale Rare Earth Elements Project in Quebec
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2026) - CAT Strategic Metals Corporation (CSE: CAT) (OTC Pink: CATTF) (FSE: 8CHA) ("CAT" or the "Company") is pleased to announce that it has entered into a Binding Memorandum Of Understanding (the "Binding MOU") on January 12, 2025, with a number of private arm's-length parties pursuant to which CAT has been granted an exclusive right to earn a majority interest in a district-scale rare earth elements ("REE") exploration project located
About this update from Cat Strategic Metals Corporation
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 13, 2026) - CAT Strategic Metals Corporation (CSE: CAT) (OTC Pink: CATTF) (FSE: 8CHA) ("CAT" or the "Company") is pleased to announce that it has entered into a Binding Memorandum Of Understanding (the "Binding MOU") on January 12, 2025, with a number of private arm's-length parties pursuant to which CAT has been granted an exclusive right to earn a majority interest in a district-scale rare earth elements ("REE") exploration project located in Québec, Canada (the "Project").","length":589,"tagName":"p"},{"type":"text","content":"The Binding MOU represents a significant consolidation of a large and contiguous mineral claim package and provides CAT with control over an emerging REE discovery within a highly prospective geological district.","length":212,"tagName":"p"},{"type":"text","content":"Transaction Overview","length":20,"tagName":"p"},{"type":"text","content":"Pursuant to the Binding MOU, CAT has been granted the exclusive right to earn an undivided 80% legal and beneficial interest in the Project over a five-year option term, subject to customary regulatory approvals.","length":212,"tagName":"p"},{"type":"text","content":"Key commercial terms of the Binding MOU include:","length":48,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Issuance of 33,000,000 common shares of CAT to the vendors;","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"Anniversary payments totaling CAD $175,000 per year for three years, payable in cash, common shares of CAT, or a combination thereof at the Company's election;","length":163,"tagName":"p"}]},{"val":[{"type":"text","content":"A commitment to incur minimum aggregate exploration expenditures of CAD $500,000 over the option term with no minimum per year;","length":127,"tagName":"p"}]},{"val":[{"type":"text","content":"Upon satisfaction of the earn-in conditions, CAT will earn an 80% interest, with the remaining 20% interest carried through to a production decision;","length":149,"tagName":"p"}]},{"val":[{"type":"text","content":"A one-time cash bonus of CAD $500,000 payable upon completion of a bankable feasibility study; and","length":98,"tagName":"p"}]},{"val":[{"type":"text","content":"A total 3.0% net smelter returns royalty, subject to pa...