Business
CAT Strategic Metals Consolidates 100% Ownership of Its Burntland Porphyry-Skarn Copper-Silver Project in New Brunswick and Announces Private Placement Offering
Vancouver, British Columbia--(Newsfile Corp. - March 25, 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 an agreement with arm's length private vendors to acquire the remaining 49% minority interest in its Burntland Porphyry-Skarn Copper-Silver Project located in New Brunswick, Canada (the "Property"). The original Exploration And Option Agreement relating to the Property was entered into..
About this update from Caterpillar, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - March 25, 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 an agreement with arm's length private vendors to acquire the remaining 49% minority interest in its Burntland Porphyry-Skarn Copper-Silver Project located in New Brunswick, Canada (the "Property"). The original Exploration And Option Agreement relating to the Property was entered into on September 10, 2020.","length":555,"tagName":"p"},{"type":"text","content":"Upon completion of the transaction, CAT will hold a 100% ownership interest in the Burntland Project.","length":101,"tagName":"p"},{"type":"text","content":"Transaction Terms","length":17,"tagName":"p"},{"type":"text","content":"The Company will issue $562,500 principal amount of senior secured promissory notes bearing interest at 6% per annum, compounded monthly, accrued quarterly, and payable as a single balloon payment at maturity (March 17, 2028). The Notes will be secured by a General Security Agreement over the 49% Earned-In Interest in and to the claims subject to the Exploration And Option Agreement. The transaction is subject to customary regulatory approvals.","length":448,"tagName":"p"},{"type":"text","content":"Strategic Rationale","length":19,"tagName":"p"},{"type":"text","content":"The consolidation of 100% ownership provides the Company with full control over exploration and development activities, increased flexibility for future partnerships, and full exposure to the upside potential of a district-scale copper-silver system.","length":250,"tagName":"p"},{"type":"text","content":"Burntland Project Overview","length":26,"tagName":"p"},{"type":"text","content":"The Burntland Project comprises approximately 2,781 hectares in northern New Brunswick. The project is interpreted as a copper-silver-gold carbonate replacement and skarn system hosted in the White Head Formation and associated with Devonian intrusions.","length":253,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":550,"height":309,"url":"https://media.zenfs.com/en/newsfile_64/7618b2091ab6ee3ea0fad9a84c55767e"},"resized":{"url":"https://s.yimg.com/ny/ap...