CAT Strategic Metals Corporation (CNSX:CAT) entered into and signed a binding and definitive letter agreement to acquire Grand Mines Ltd. for CAD 2 million on February 15, 2021. Under the agreement, CAT Strategic Metals will acquire all the issued and outstanding shares of Grand Mines pursuant to a "three-cornered" amalgamation. As consideration for the acquisition, CAT Strategic Metals has agreed to issue an aggregate of 27.5 million common shares of CAT Strategic Metals to the shareholders of Grand Mines and pay cash consideration of CAD 0.05 million at closing. CAT Strategic Metals shall also assume responsibility for a pre-existing 2% royalty on the South Preston Uranium Project owned by Grand Mines. The transaction is subject to regulatory approval, including approval by the Canadian Securities Exchange. CAT Strategic Metals Corporation (CNSX:CAT) completed the acquisition of Grand Mines Ltd. on March 17, 2021.