On December 29, 2022, CAT Strategic Metals Corporation closed the transaction. The company issued 25,000,000 units at a price of CAD 0.03 per unit for gross proceeds of CAD 750,000. Each whole warrant is exercisable to acquire one share at an exercise price of CAD 0.05 per share until December 29, 2025, which is 36 months from the date of issuance.

The Company will pay no finder's fees in connection with subscriptions from subscribers introduced to this offering. The securities issued under the offering, and any shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities.