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


Keep reading...Show less
SAGA Metals Updates On Rio Tinto's Field Progress at Optioned Legacy Lithium Project

SAGA Metals Updates On Rio Tinto's Field Progress at Optioned Legacy Lithium Project

VANCOUVER, British Columbia, Feb. 25, 2025 (GLOBE NEWSWIRE) -- SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) , a North American exploration company focused on critical mineral discovery, is pleased to provide an update on the 2024 field program at the Legacy Lithium Project in James Bay, Quebec, operated by Rio Tinto Exploration Canada Inc. (RTEC).

RTEC is a Canadian subsidiary of the Rio Tinto Group ( LSE: RIO, ASX: RIO, NYSE: RIO ).

Keep reading...Show less
SAGA Metals Commences Drilling at Radar Ti-V Project Labrador, Canada

SAGA Metals Commences Drilling at Radar Ti-V Project Labrador, Canada

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the official commencement of the maiden drill program at the Company's Radar Titanium-Vanadium (Ti-V) Project.

Drilling Commenced at Radar Titanium-Vanadium (Ti-V) Project in Labrador, Canada:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SAGA Metals Completes Final Preparations for Maiden Drill Programs in Labrador, Canada

SAGA Metals Completes Final Preparations for Maiden Drill Programs in Labrador, Canada

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the final in-province preparations for the Company's maiden drill programs at the Double Mer Uranium and Radar Ti-V projects in Labrador, Canada.

Final Preparations at Double Mer Uranium Project in Labrador, Canada:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SAGA Metals Completes Petrographic Analysis at Drill Ready Double Mer Uranium Project in Labrador, Canada

SAGA Metals Completes Petrographic Analysis at Drill Ready Double Mer Uranium Project in Labrador, Canada

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce the completion of an initial petrographic petrological analysis, confirming the presence of uraninite, a key uranium mineral, hosted within the pegmatites identified along the 18km trend; verified through uranium count radiometrics and surface sampling at the Double Mer Uranium project in Labrador, Canada.

Saga Metals flagship Double Mer Uranium Project – Labrador, Canada

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SAGA Metals Provides In-Depth Summary of Radar Titanium-Vanadium Project on Eve of Drilling

SAGA Metals Provides In-Depth Summary of Radar Titanium-Vanadium Project on Eve of Drilling

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to provide a complete overview of the Radar Titanium-Vanadium (Ti-V) Project as equipment, fuel, diamond drill and personnel begin to arrive in Labrador for the maiden drill program set to commence in a weeks time.

Radar Titanium-Vanadium (Ti-V) Project – Labrador, Canada

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Saskatchewan on a map.

Denison Mines Moves Closer to Federal Approval for Phoenix ISR Uranium Project

Dual listed uranium miner Denison Mines (TSX:DML,NYSEAMERICAN:DNN) announced that the Canadian Nuclear Safety Commission (CNSC) has scheduled public hearings for the Wheeler River uranium project in Saskatchewan, marking a significant step toward final federal approval.

Denison Mines is a uranium mining, development and exploration company focused on the Athabasca Basin region of Northern Saskatchewan, Canada. The company holds an effective 95 percent interest in its flagship Wheeler River uranium project, the largest undeveloped uranium project in the Eastern Athabasca Basin.

The public hearing, set for later this year on October 8 and December 8 through 12, will be the final stage in the environmental assessment process and the decision regarding the company’s application for a Licence to Prepare and Construct a Uranium Mine and Mill.

Keep reading...Show less
Western Uranium & Vanadium Advances Mustang Mineral Processing Site to Bolster Regional Production

Western Uranium & Vanadium Advances Mustang Mineral Processing Site to Bolster Regional Production

Western Uranium & Vanadium Corp. (CSE: WUC) (OTCQX: WSTRF) (" Western " or the " Company ") is pleased to provide an update of its operational strategy and ongoing developments at the  Mustang Mineral Processing Site and Maverick Minerals Processing Site, positioning the Company as a key player in the regional uranium and vanadium processing sector.

In October 2024, Western successfully acquired the Mustang Mineral Processing Site (formerly the Pinon Ridge Mill Site), a move that significantly enhances the Company's capabilities and processing infrastructure. The acquisition includes all historical data and equipment utilized for the site's previous successful licensing application. The Colorado Department of Public Health and Environment (CDPHE) has issued a license for this facility twice, underscoring the site's compliance with stringent regulatory requirements. This site is located approximately 25 miles from Western's Sunday Mine Complex mining operations in Colorado.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Skyharbour Resources (TSXV:SYH)

Skyharbour Resources


Keep reading...Show less
Virka Project Sampling Returns High-Grade Mineralisation

Virka Project Sampling Returns High-Grade Mineralisation

Basin Energy (BSN:AU) has announced Virka Project Sampling Returns High-Grade Mineralisation

Download the PDF here.

Laramide Releases Final Results from 2024 Drill Campaign at Westmoreland; Updated Resource Estimate on Track for Q1 Delivery

Highlights:

  • Laramide's largest program ever with 106 holes completed
  • Multiple targets tested including infill and extensional drilling of known zones and greenfield targets in both Queensland and the Northern Territory
  • Consistent observation from results demonstrates the potential and scope for broad mineralisation styles enveloping narrow high-grade intercepts
  • The consistency and scalability underscore economic viability and reinforce Westmoreland's position as a potentially important future source of global uranium supply
  • Resource expansion potential is largely wide open with many follow-up targets warranting large-scale future exploration campaigns

Laramide Resources Ltd. ( "Laramide" or the "Company" ) (TSX: LAM) (ASX: LAM) (OTCQX: LMRXF), a uranium mine development and exploration company with globally significant projects in the United States Australia and Kazakhstan is pleased to report a summary of the 2024 drilling campaign completed at the Westmoreland Uranium Project in Queensland, Australia ( "Westmoreland" ). The 2024 drill program has concluded with successful results confirming the high-quality of the Westmoreland uranium deposit and supporting a Global Mineral Resource Estimate Update expected by the end of Q1 2025.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Cameco Announces 2024 Results; Strong Performance Across All Segments; Westinghouse Distribution; Strategy Centered on Marketing, Production, Financial Discipline Expected to Generate Full-Cycle Value; Positive Outlook for Nuclear Energy

Cameco( TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2024, in accordance with International Financial Reporting Standards (IFRS).

�Our 2024 full-year financial performance benefitted from strong fourth quarter results delivered by our uranium and Westinghouse segments," said Tim Gitzel, Cameco's president and CEO. "Although both net earnings and adjusted net earnings in 2024 were lower than in 2023 primarily due to the impact of purchase accounting related to the Westinghouse acquisition, our other key financial metrics improved significantly. We expect our strong financial performance to continue in 2025, driven by the supportive market conditions we are seeing throughout the fuel cycle and across the nuclear sector, and through the continued benefits flowing from our investment in Westinghouse. Over the coming year, we expect to continue investing to help ensure reliability and sustainability of our existing operations, while positioning ourselves for future production flexibility and growth growth that will be strategic, deliberate, disciplined, and with a focus on generating full-cycle value.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Saga Metals

Saga Metals Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×