CAT Strategic Metals Corporation announced 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's board and management team determined, as part of the Company's ongoing strategic review of its portfolio, that a spin-off of its South Preston Uranium Project - tentatively to be named Uranium Investments Corp.

('UIC') - provides the best path to enhance shareholder value; including by: Distributing 100% of all UIC shares to CAT's shareholders. On the record date, every shareholder who owns CAT stock will receive free shares of UIC on an anticipated 1-for-1 basis. This means that for every CAT share owned on the record date, the shareholder will receive one new UIC share without further payment; Enhancing strategic and operational focus to capitalize on growth within each company's mineral exploration and development vertical; Aligning capital allocation and capital structures with long term growth targets and market demands, including enhanced opportunities for mergers and acquisitions; Robert Rosner, CAT's Chairman and CEO, stated; 'Our management and board have determined that the spin-off of South Preston into UIC will generate value for shareholders by improving performance and simplifying operational management for both companies.

We have great confidence that now is the opportune time for this given the current conditions in the marketplace. The uranium industry, particularly in Canada, is experiencing rapid growth, demanding increased attention for development and a different capital allocation strategy for each company. This promising spin-off will create two publicly traded companies, each with its own potential'.