CAT Strategic Metals Signs Binding MOU to Acquire District‑Scale Rare Earth Elements Project in Québec

CAT Strategic Metals Corporation has entered into a binding Memorandum of Understanding (MOU) granting the company the exclusive right to earn a majority, 80% interest in a district‑scale rare earth elements (REE) exploration project in Québec, Canada. The agreement, signed on January 12, 2025, with private arm’s‑length parties gives CAT control of a large, contiguous 4,330‑hectare land package consisting of 95 mineral claims near Kuujjuaq. Under the terms of the MOU, CAT will issue 33 million common shares to the vendors, make annual payments of CAD $175,000 for three years (in cash or shares), and commit to CAD $500,000 in exploration expenditures over five years. If earn‑in conditions are satisfied, CAT will hold an 80% legal and beneficial interest, with the remaining 20% carried through to a production decision. A CAD $500,000 cash bonus is payable upon completion of a bankable feasibility study, and a 3% net smelter returns royalty will apply, with partial buyback rights for CAT. The deal will convert to a definitive option agreement once regulatory approvals are received. The project area, at an early grassroots exploration stage, contains confirmed REE mineralization and offers CAT strategic control for systematic exploration across the district. #RareEarthElements #MiningAcquisition #CATStrategicMetals #QuebecMining #SlimScan #GrowthStocks #CANSLIM