Saga Metals (TSXV:SAGA)

Saga Metals: Diversified Portfolio of Critical Mineral Assets in Canada’s Top-tier Jurisdictions


Saga Metals (TSXV:SAGA) is a mineral exploration company focused on acquiring and exploring mineral assets in Canada. The company explores for uranium, lithium, titanium-vanadium and high purity iron ore deposits. Saga Metals has five fully owned exploration assets in top-tier mining jurisdictions in Canada. Its primary projects, Double Mer and Legacy are prospective for uranium and lithium, respectively. Its secondary assets are Radar (titanium-vanadium) and North Wind (iron ore).

The Legacy lithium project in James Bay, Quebec, is the subject of a C$44 million joint venture option agreement with Rio Tinto Exploration Canada (NYSE:RIO), signed in June 2024. Rio Tinto will act as a project manager for the exploration of Legacy, with the option to acquire an initial 51 percent interest in Legacy over a period of four years. This joint venture allows Saga Metals to focus on its other primary asset, the Double Mer Uranium project, a 25,600-hectare property located 90km Northeast of Goose Bay in Labrador.

Saga Metals Legacy project map

Legacy is the subject of a joint option agreement between Saga Metals and Rio Tinto, under which Rio Tinto will act as project manager during the first and second option period. The optioned property contains 663 claims spanning 34,243 hectares hosting 100 km of striking paragneiss.

Company Highlights

  • Saga Metals is an exploration company with a diversified portfolio of critical minerals assets in top-tier mining jurisdictions in North America consisting of uranium, lithium, titanium-vanadium and iron ore projects.
  • Saga Metals' flagship asset is the Double Mer Uranium Property with an 18km trend verified with high-resolution magnetic survey, uranium count radiometrics, consistent counts-per-second (cps) readings and rock sample assay results of up to 4,280ppm U3O8. With numerous targets validated in the 2024 summer exploration program the company is planning for its maiden drill program this winter.
  • The company recently entered a CAD$44M joint venture with Rio Tinto to advance the exploration of the Legacy Lithium project in James Bay, Quebec.
  • The Legacy Lithium property is dedicated to expanding North America’s newest lithium district in the prolific James Bay region.

This Saga Metals profile is part of a paid investor education campaign.*

Click here to connect with Saga Metals (TSXV:SAGA) to receive an Investor Presentation

SAGA:CA
Saga Metals

Saga Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Saga Metals (TSXV:SAGA)

Saga Metals

Advancing a district-scale titanium-vanadium-iron discovery in Labrador with a diversified pipeline of uranium, lithium and iron assets

Advancing a district-scale titanium-vanadium-iron discovery in Labrador with a diversified pipeline of uranium, lithium and iron assets Keep Reading...
Newmans Drilling Defines 3.3 Km Magnet REE Corridor

Newmans Drilling Defines 3.3 Km Magnet REE Corridor

Basin Energy (BSN:AU) has announced Newmans Drilling Defines 3.3 Km Magnet REE CorridorDownload the PDF here. Keep Reading...
Cooling towers and factory pipes with overlaid futuristic blue graphs and numerical data.

Uranium Price Update: Q2 2026 in Review

After surging in late 2025 and passing US$101 per pound in January, the uranium spot price consolidated in Q2. The energy fuel entered the three month session at US$84.19 and stayed within the US$84 to US$87 range. The retreat from January’s highs has prompted questions about whether the... Keep Reading...
Pieces of ore with yellow representing uranium on black surface; graphic reads '5 top Australian Mining Stocks This Week.'

Top 5 Australian Mining Stocks This Week: Cauldron Energy Jumps on Yanrey Survey Results

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks on the ASX.West Perth-based Cauldron Energy took the lead as three uranium stocks landed in this week's top five performing shares amidst a backdrop of negotiations between the US and Iran on... Keep Reading...
Yellow uranium barrels on forklift with Iran flag background.

As US, Iran Near Peace Pact, Tehran Reportedly Seals Off Uranium Cache

US intelligence officials say Iran has moved to seal off its cache of highly enriched uranium (HEU) by deliberately collapsing tunnel networks and lining entryways with explosives, a CNN report notes.Located primarily at the Isfahan nuclear complex, the fortification of the underground... Keep Reading...
  Alligator Energy Limited

Drilling Recommences at Big Lake Uranium Discovery, South Australia

Alligator Energy Limited ASX: AGE (Alligator or the Company) is pleased to advise that its follow- up drill program at the Big Lake Uranium Project (Big Lake) in the Lake Eyre Basin, South Australia is now underway after a hiatus due to persistent rain following the initial discovery success in... Keep Reading...
Saga Metals

Saga Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News