KAT Exploration is a shell company with no meaningful operations. The company ceased operations in November 2015 and has since been searching for a merger, acquisition, or other business combination with an operating business. After its most recent fiscal year ended November 30, 2024, KAT Exploration formed a joint venture with GS Mining Company, through which KAT Exploration holds an 80% interest in a newly created LLC focused on developing and operating a gold mining and milling business in Colorado. KAT Exploration has committed $3.5M to upgrade mines and facilities contributed by GS Mining. The venture has not yet generated revenue and remains in early development. Outside of this joint venture, the company has one employee and relies on outside consultants, attorneys, and accountants. KAT Exploration's path to generating revenue depends entirely on the success of the GS Mining joint venture or completing a merger or acquisition with an operating business. Until one of these outcomes is achieved, the company expects to continue running operating losses.