Saga Metals Corp. (“Saga” or the “Company”), a North American exploration company focused on critical mineral discovery in Canada, is pleased to announce that it has filed and obtained a receipt for its final long form prospectus dated July 11, 2024 (the “Prospectus”) in respect of its initial public offering (the “Offering”) from the securities regulatory authorities in British Columbia, Alberta and Ontario.
“This milestone marks a significant step forward for SAGA as we continue to expand our presence in the critical minerals sector,” stated Mike Stier, CEO & Director of Saga Metals Corp. He continued, “The TSXV listing is expected to enhance the Company’s visibility and accessibility to a broader base of investors, providing increased liquidity and support for our growth initiatives.”
Key Highlights for Investors:
SAGA Metals Corp. is committed to maintaining high standards of corporate governance and transparency as it transitions to becoming a publicly listed company. This development will support the company’s ongoing efforts to discover and develop critical mineral resources in North America.
Please refer to the Prospectus, and the Company’s press release of July 15, 2024 (each available under the Company’s profile at www.sedarplus.ca) for more information about the Offering.
SAGA Metals Investment Highlights:
Focused on North America's Critical Mineral Strategy – SAGA Metals is strategically concentrating on North America's “Critical Mineral Strategy” with operations in two highly favorable jurisdictions: Labrador and Quebec, Canada.
Map of SAGA Metals Projects
Diversified Critical Mineral Portfolio – SAGA’s portfolio spans five critical minerals across five projects of merit:
Key Project Highlights:
Double Mer Uranium Project
Regional map of the Double Mer Uranium Project in Labrador, Canada
Legacy Lithium Project
A map of the “Lithium Neighborhood” at the Legacy Lithium Project in Quebec
Amirault Lithium Project
Radar Titanium & Vanadium Project
North Wind Iron Ore Project
Management and Future Prospects
SAGA boasts an experienced management team with expertise in capital markets and geology. The team focuses on maintaining a strong capital structure and acquiring quality projects based on robust geological assessments.
Upcoming Catalysts for Shareholders
Numerous catalysts are expected over the next 12 months as SAGA’s geological team has mobilized its summer exploration programs with news anticipated across all of SAGA’s projects in the coming weeks.
The Offering is being made on a best-efforts basis led by Research Capital Corporation, as sole agent and bookrunner (the “Agent”). Interested parties who wish to participate in the Offering should ask their investment advisor to contact the Agent for more information about the Offering and selling group participation at:
Jovan Stupar
email: jstupar@researchcapital.com; phone: 604-662-1808
Savio Chiu
email: schiu@researchcapital.com; phone: 778-373-4088
In connection with the Offering, SAGA has received conditional approval from the TSX Venture Exchange (the “TSXV”) for listing of the Company’s common shares subject, to the fulfillment of the TSXV’s final listing requirements. Once final approval is received, the Common Shares will commence trading under the symbol “SAGA”.
The Company anticipates closing of the Offering to occur on or about July 29, 2024, subject to satisfaction of certain closing conditions, including, but not limited to satisfaction of the approval conditions of the TSXV for the listing of the common shares, among other things.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.
To learn more about the Company’s projects visit the projects page here and corporate video here.
To access the company’s corporate presentation, select here.
A Media Snippet accompanying this announcement is available by clicking on this link.
About SAGA Metals Corp.
SAGA Metals Corp. is a North American mining company specializing in the exploration and discovery of critical minerals to advance the global green energy transition. The company's flagship asset is the Double Mer Uranium project, covering 25,600 hectares on the east coast of Labrador, Canada. Uranium radiometrics reveal an 18 km east-west linear trend averaging approximately 500 meters in width, with a confirmed 14 km section containing samples up to 4,281 ppm U3O8 and readings of 21,000 cps on a spectrometer.
SAGA Metals' primary additional asset is the Legacy Lithium Property located in Quebec's Eeyou Istchee James Bay region. This property is part of a partnership with Rio Tinto and includes the acquisition of the Amirault Lithium property. Together, these projects cover 65,849.20 hectares and share geological continuity with Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium in the La Grande sub-province.
The company also holds two secondary assets focused on titanium, vanadium, and iron ore discovery in Newfoundland and Labrador, Canada.
For further information, please contact:
Saga Metals Corp.
Investor Relations
Tel: +1 (778) 930-1321
Email: info@sagametals.com
www.sagametals.com
Qualified Persons
Michael Cullen, P. Geo., and Rochelle Collins, P. Geo., of Mercator Geological Services Limited are each a “qualified person” as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and have reviewed and approved the scientific and technical content of this news release regarding the Double Mer Uranium Property.
Kamil Khobzi, P. Eng., MBA, of Kamil Khobzi & Associates Inc. is a “qualified person” as defined under NI 43-101 and has reviewed and approved the scientific and technical content of this news release regarding the Legacy Lithium Property
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects”, “believes”, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the proposed Offering, TSXV listing and the Company’s plans with respect to its mineral exploration properties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, failure to satisfy closing conditions in respect of the Offering, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Prospectus and available under the Company’s profile at www.sedarplus.ca, and in the continuous disclosure filings made by the Company with securities regulations from time to time. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
A diversified critical minerals exploration company backed by a significant partnership with Rio Tinto (NYSE:RIO) paving the way for strategic exploration of both uranium and lithium, Saga Metals offers a compelling investment opportunity in the global green energy transition.
Saga Metals (TSXV:SAGA,OTCQB:SAGMF,FSE:20H) is a mineral exploration company focused on the acquisition and exploration of mineral assets in Canada. It explores for uranium, lithium, titanium-vanadium and high purity iron ore deposits. The company 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, signed in June 2024. Under the agreement, 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 for four years.
This JV 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. In Q1 2025, Saga Metals completed the final preparations for the winterized camp at the Double Mer Uranium and commenced its maiden drill program at the Radar Ti-V projects in Labrador, Canada
The Double Mer uranium project is a 1,024 claim spanning 25,600 hectares in eastern central Labrador, 90 km north east of Happy Valley, Goose Bay. The property lies between Lake Melville and Double Mer, both inlets off the Labrador Sea. The project has seen millions of dollars worth of exploration from 1970 to 2008, and features a 10-person winterized camp. A detailed geophysical and radiometric survey, which was supported by field work, demonstrates the Double Mer property extends beyond 14 km of strike, with elevated uranium samples and CPS readings. Longer term plans include developing the project for the potential takeover by a major, similar to the recent acquisition of Fission Uranium by Paladin Energy for $1.2 billion.
The Legacy lithium property is dedicated to expanding North America’s newest lithium district in the prolific James Bay region of Quebec. The property is subject to the Rio Tinto partnership and the Amirault lithium property acquisition. The projects span over 65,849 hectares and hosts the same geological setting along strike from Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium in the La Grande sub-province. James Bay is within Quebec’s Plan Du Nord, which earmarks millions of dollars for development of Quebec’s northern infrastructure.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 periods. The optioned property contains 663 claims spanning 34,243 hectares hosting 100 km of striking paragneiss.
Saga Metals CEO Mike Stier cited the agreement as a “significant milestone in the company’s development,” providing the necessary capital for the exploration of the Legacy lithium project.
Rio Tinto Exploration Canada (RTEC), a subsidiary of the Rio Tinto Group (LSE:RIO,ASX:RIO,NYSE:RIO), is advancing exploration on the optioned Legacy lithium project. In 2024, RTEC conducted geological mapping, a satellite imagery survey, and an airborne magnetics survey to assess the project’s potential. Building on these results, the company plans to expand its exploration efforts in 2025, focusing on mapping, sampling, prospecting and remainder of the airborne magnetics to refine targets.
Regional geology of the southeastern Grenville Province and the Radar property
Saga Metals owns 100 percent of this 21,750-hectare land package with road access and close proximity to a deep-water port, only 10km away from the coastal city of Cartwright, Labrador. The Radar project is prospective for titanium and vanadium, both critical minerals. In March 2025, Saga Metals announced it has successfully executed a maiden drill program at the Radar project. The program confirmed a large mineralized layered mafic intrusion, underscoring the immense untapped potential of the region for hosting critical metals, including vanadium and titanium, essential to the global green energy transition.
Located in west central Labrador, 16 km southwest of Schefferville, Quebec within the Labrador Trough, the North Wind iron project consists of 255 claim blocks under a single license. The mineral license comprises 6,375 hectares and contains eight historical drill holes which formed part of New Millennium Iron’s resource estimate 43-101 in 2013. The average grade of the drill holes, which now sit within the North Wind Iron property, was 21 percent iron over the complete eight drill holes that totaled 590 meters. Saga Metals is conducting a small boots-on-the-ground program, which it plans to progress into a drill program after confirmation of structural measurements of a prospective deposit.
Educated in business management and finance, Michael Stier has spent the past 15 years focused on and building expertise in capital markets. Experienced in corporate structure, finance, business development, IPOs, M&A and wealth management, Stier served as a CIBC IIROC licensed senior financial advisor, senior analyst for a private equity company and more recently holds executive and directorship roles with private companies and publicly listed issuers. He has consulted in industries including mining, oil & gas, fintech, VR, eSports, health, life sciences and biotech. In addition to Saga, Stier has acted for several public entities and currently sits on the board of Rektron Group, LaFleur Minerals, and GoldHaven Resources.
Terence Lee is a CPA with over nine years of finance experience in reporting under International Financial Reporting Standards. Lee has worked in financial planning, analysis and reporting for companies across various industries including mining, technology, real estate, life sciences, education and private healthcare. Lee graduated with a BA from Simon Fraser University, a Diploma of Accounting from UBC’s Sauder School of Business and articled with BDO LLP. Lee is CFO of various private and publicly listed companies.
With a Bachelor of Science in Geology, Michael Garagan has 15 years of experience in the exploration industry with projects across the world including Africa, Asia, North and South America. He encountered a diverse experience of deposit styles from gold to base metals in porphyry, orogenic, epithermal and VMS deposits to uranium and lithium pegmatites. Notable projects include B2 Gold’s Otjikoto project in Namibia, Night Hawk’s Colomac project in NWT, Unigold’s Neita project in the Dominican Republic, as well as Hudbay’s Lalor Mine in Snowlake, Manitoba.
Michael Waldkirch is a CPA and CGA with over 25 years of professional experience. Since 1998, he has led the accounting firm of Michael Waldkirch & Company, specializing in accounting, tax and business consultancy services to a wide variety of public and private companies. He has represented a wide variety of public corporations including mining, oil and gas and technology companies listed on the TSX, TSXV, NYSE-American, NASDAQ and OTC-BB. He has served as CFO of numerous Canadian and US publicly listed companies, including Gold Standard Ventures and Barksdale Resources and is currently an independent board member of US Gold Corp. (NASDAQ:USAU).
With 7 years of experience in mineral exploration, Harrison Pokrandt has worked on multiple styles of geology including porphyry, VMS, orogenic, Epithermal, and Carlin-style deposits throughout countries such as Canada, Nevada, Uzbekistan, Finland, Japan, and Mali. Primarily working in gold in multiple districts, Pokrandt has experience in exploration projects and mines within all stages of project development from grassroots to development projects as well as active mines. Some flagship projects he has experience with include B2Gold’s Fekola, Skeena Resources’s Eskay Creek, as well as B2Gold’s Back River Project. Pokrandt studied earth science at Carleton University and is currently employed at Scorpio Gold Corporation as VP of Exploration.
Diversified portfolio of critical mineral assets in Canada’s top-tier jurisdictions
Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce SAGA's geophysics team has confirmed a 3 km continuous magnetic anomaly in the Trapper zone that remains open in both directions along strike.
Figure 1: Radar Project's Trapper Zone depicting a 3 km magnetic anomaly and oxide layering trend. The Trapper Trail (in black) will support a new diamond drilling program.
Michael Garagan, CGO & Director of SAGA, stated: "Previous data from the regional aeromagnetic survey suggested two large anomalies existed within the Trapper zone, leading our teams to refer to the zone as north and south. Now, with the additional total magnetic intensity data, we can clearly see that we are dealing with one large, continuous anomaly, featuring our highest magnetic readings to date. This zone alone showcases a strike length and width comparable to those of notable other projects. The striking lateral continuity of the oxide layering in the Trapper Zone suggests that the layering is contiguous with the oxide layering identified in the Hawkeye Zone, adding further data to support a potential 20 km oxide layer strike."
Figure 2: Radar Project's prospective oxide layering zone extends for an inferred 20 km strike length, as shown on a compilation of historical airborne geophysics as well as ground-based geophysics in the Hawkeye and Trapper zones completed by SAGA in the 2024/2025 field programs. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs .
Magnetic and VLF-EM Survey over the ‘Trapper Zone'
A ground-based magnetic survey was conducted over both the northern and southern sections of the Trapper Zone during July 2025. The survey utilized two GSM-19 Magnetometers to collect magnetic-field and VLF-EM data (using VLF Transmitter Cutler).
The survey used a grid of N-S lines, spaced 50 m apart, with observations made at stations spaced 20 m apart along the lines. The tightly gridded stations map a distinct NW trend of magnetic highs that correlates well with the exposures of oxide layering.
In a similar fashion to the Hawkeye zone, SAGA's geophysics team reports strong magnetic responses within the Trapper zone, requiring recalibration of the geophysical instruments. While readings exceeded 74,000 nT in the Hawkeye zone, at the Trapper zone, they observed responses as high as 115,498 nT over the northern Trapper zone and over 113,000 nT over the southern Trapper zone. In some cases, the instruments reached the maximum level of detection (120,000 nt).
Figure 3: A screenshot of the Magnetometer GSM-19 geophysical instrument recording 115,498 nT over the Tapper zone.
Trapper Zone Excavator Trenching – Confirmation in Bedrock of Magnetite Layering
Early in this summer season, SAGA completed a 4 km access trail along the core of the Trapper zone, providing necessary access for future drill programs and exploration activities.
SAGA's field team began follow-up of the Trapper zone magnetic responses in July. Gladiator Drilling's 25-tonne excavator opened three trenches perpendicular to the inferred strike, exposing cumulate layers of semi-massive to massive vanadiferous titanomagnetite ("VTM") mineralization over a total of 504m 2 (5,425ft 2 ). See Figure 1. This strong confirmation of the magnetic responses is presently in its early stages and will require additional trenching and diamond drilling to delineate the dimensions of the gabbronorite/magnetite layering.
The Trapper zone is now confirmed as a similar occurrence to the Hawkeye zone, based on the early results of ground geophysical surveys and trenching. Taken together with the geophysical surveys and winter 2025 drilling results at the Hawkeye zone, the exploration potential of the 20 km long arcuate response of the regional aeromagnetic is confirmed. See Figure 2.
The high-definition details of the Trapper zone ground magnetic anomalies indicate multiple layers of the strongest magnetic layering and define additional detail to the regional magnetic responses. The pattern of magnetic anomalies indicates that the design of the next drilling and sampling phases should consider both the early geometry of the Dykes River Intrusive Complex and a later phase of open folding.
Figure 4.1: 25-tonne excavator completing a trench in the Trapper zone over the oxide layering trend.
Figure 4.2: 25-tonne excavator completing a trench in the Trapper zone over the oxide layering trend.
About the Radar Titanium Project
Located just 10 km from Cartwright, Labrador, the 24,175-hectare Radar Titanium Project is supported by existing infrastructure, including road access, a deep-water port, an airstrip, and nearby hydroelectric power. The property completely encompasses the Dykes River Intrusive Complex, a previously underexplored layered mafic body.
With a large oxide layering thickness, a near-monomineralic vanadiferous titanomagnetite ("VTM") composition, and extensive mineral tenures, the Radar Titanium Project shows the potential to become a globally significant VTM project.
Figure 5: Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.
Michael Garagan, CGO & Director of SAGA continued: "These geophysical findings further validate the importance of the team's estimate that a 15,000-meter drill program can get us to our maiden drill-indicated mineral resource. With simple homogenous geochemistry, large oxide layers, seasoned experts supporting our technical analysis, upgraded infrastructure within the Trapper zone and strong provincial support through the JEA program we can fast track development and create meaningful value to shareholders in the near term at the Radar project."
Continued Government Support
SAGA's Letter of Intent was approved under the JEA 2025 program as a Critical Minerals Primary Exploration Target, recognizing the Property's alignment with provincial and federal priorities to secure domestic supplies of key metals. With up to $143,949 in non-dilutive funding already approved, this support continues to offset exploration costs while advancing shareholder value.
Investor Relations Agreements
The Company further announces that it has entered into an investor relations agreement dated August 4, 2025 (the " IR Agreement ") with Dig Media Inc. dba. Investing News Network (" INN "), pursuant to which INN has agreed to provide certain investor relations services to the Company in exchange for cash consideration in the amount of $100,000, which is due upon execution of the IR Agreement. The IR Agreement has an initial term of 12 months ending on August 5, 2026, or such later date as may be determined by the parties.
Pursuant to the terms of the IR Agreement, INN will provide certain services to the Company, including republication of Saga's news release, website banner advertising, email banner advertising, news release dedicated emails, web browser messages, sponsored content, interviews with Saga's CEO, advertising on social media, programmatic advertising, campaign metrics and account management.
INN is based in Vancouver, Canada, and has been dedicated to providing independent news and education to investors since 2007. INN is arm's length to SAGA and holds no securities, directly or indirectly, of the Company nor has any right or intent to acquire such an interest.
In addition, SAGA has engaged Think Ink Marketing Data & Email Services (" Think Ink ") to provide corporate awareness and digital marketing services.
Think Ink will leverage its expertise in native and display advertising, video content distribution, social media coverage, and targeted email marketing to enhance the Company's digital presence and expand market awareness. The Company has budgeted up to USD $100,000 (the " Compensation ") for the 3-month agreement. The Compensation is payable in monthly installments. Either party may terminate the agreement with thirty (30) days' written notice, and any portion of the Compensation already paid that remains unspent or uncommitted as of the effective date of termination shall be returned to the Company.
Compensation to Think Ink does not include any securities of the Company, and Think Ink does not hold any interest, directly or indirectly, in the Company. Think Ink is at arm's length to the Company and has no relationship with the Company outside of this engagement.
Think Ink Data & Email Services, Inc., is a California-based marketing firm established in 1991 that provides its customers with a complete range of marketing services that span both digital and direct mail venues. With its digital services ranging from data appending, email marketing and pay-per-click online banner and native ads, Think Ink helps its clients to reach a network of potential investors.
For further information about Think Ink Marketing, please contact: Claire Stevens, 310-760-2616, 3308 W. Warner Ave, Santa Ana CA 92704, Email claire@thinkinkmarketing.com .
Qualified Person
Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.
About Saga Metals Corp.
Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.
The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).
Additionally, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.
With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
For more information, contact:
Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipates", "expects", "believes", and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company's Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company's assets, and the risks detailed in the Company's continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
Figures accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/9841a97a-ca11-4546-abdf-5ffbe2d0f64b
https://www.globenewswire.com/NewsRoom/AttachmentNg/ea884fb4-3534-4d7d-a25a-d3e60557865e
https://www.globenewswire.com/NewsRoom/AttachmentNg/d30f8014-8d62-4f3c-82af-40d98cd92058
https://www.globenewswire.com/NewsRoom/AttachmentNg/ed7d7ce9-e2bb-42e3-9eb9-5794cb058e48
https://www.globenewswire.com/NewsRoom/AttachmentNg/39a28fc2-3a8b-4c82-b07d-8a1850438944
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News Provided by GlobeNewswire via QuoteMedia
Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to announce SAGA's team has completed the 4 km access trail along the core of the Trapper zone providing necessary access for future drill programs and exploration activities. The access trail is located to run along the surface trend of extensive outcropping and sub-cropping oxide layers. In addition, a 25-tonne excavator from Gladiator drilling has opened 3 trenches across the two significant aeromagnetic anomalies of the Trapper zone, exposing a total of 504m 2 (5,425ft 2 ) of semi-massive to massive vanadiferous titanomagnetite ("VTM") mineralization.
Figure 1 : Radar Pro ject's Trapper Zone depicting two aeromagnetic anomalies and the trend of the inferred oxide layering. The Trapper trail will support a new diamond drilling program. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.
Located just 10 km from Cartwright, Labrador, the 24,175-hectare Radar Titanium Project is supported by existing infrastructure, including road access, a deep-water port, an airstrip, and nearby hydroelectric power. The property completely encompasses the Dykes River Intrusive Complex, a previously underexplored layered mafic body.
With a large oxide layering thickness, a near-monomineralic Vanadiferous Titanomagnetite (VTM) composition, and extensive mineral tenures, the Radar Titanium Project shows the potential to become a globally significant VTM project.
Figure 2: Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.
2025 Summer Field Program – Road Maintenance, Trail Access, Trenching and Geophysics
The 2025 summer field program marked a critical phase in advancing the exploration efficiency and cost-effectiveness of future drill programs and exploration activities in the western portion of the property, including the highly prospective Trapper zone. Key components of this program include:
The first step for the team was to perform maintenance on the Cartwright Forest Service road, which had not seen regular clearing for the last few decades. This work included:
Figure 3.1: Completed maintenance on the Cartwright Forest Service Road
Figure 3.2: Start of the Trapper Zone Trail, viewed from the lay down along the Cartwright Forest Service Road
2. Trapper Trail Construction:
The next phase of infrastructure development aimed to upgrade the pre-existing snowmobile/ATV trail into a drill rig-compatible trail, which gains access to the heart of the Trapper zone and extends past the two major anomalies. This work included:
Figure 3.3: Excavator and work truck located along the Trapper Trail over the northern portion of the oxide layer trend within the Trapper zone.
3. Trapper & Hawkeye Zone Trenching:
The trenches within the Trapper zone were identified as targets due to extremely high readings on the GSM-19 Magnetometer. On numerous occasions, the geophysics team had the GSM-19 Magnetometer Instruments reading well beyond the highest highs of the Hawkeye zone, which reached 74,000 nt.
Upon trenching these locations, it was discovered that the presence of semi-massive to massive VTM – oxide layering outcrops were not far from the surface. A total of 504m 2 (5,425ft 2 ) was trenched across the oxide layering strike in the north and south anomalies of the Trapper zone. Work is ongoing to complete pressure washing of the outcrops, clearing away dirt and debris to better show the structure and mineralogy of these exposures.
Figure 4.1: Excavator and Michael Garagan (CGO & Director of SAGA) standing on a VTM oxide layer outcrop in the northern anomaly at the Trapper zone.
Figure 4.2: Semi-massive to Massive VTM oxide layer outcrop in the southern anomaly at the Trapper zone.
4. Trapper Zone Geophysics:
As previously reported, SAGA mobilized two geophysical crews to complete magnetic and VLF-electromagnetic survey coverage across the north and south anomalies within the Trapper Zone.
SAGA's geophysics team has continued to report strong magnetic detection levels over both anomalies, requiring recalibration of the geophysical instruments. The team is excited to report that readings have exceeded the 74,000 nT detected in the Hawkeye zone, with readings recorded as high as 115,498 nT over the northern Trapper zone anomaly and over 113,000 nT over the southern Trapper zone anomaly. In some cases, the instruments reached the maximum level of detection (120,000 nt).
Figure 5: Reading off of the Magnetometer GSM-19 geophysical instrument recording 115,498 nT over the Tapper zone.
SAGA's geophysics team is working to complete the remaining lines over the coming days and will be the subject of a future new release in the near term.
Michael Garagan, CGO & Director of SAGA stated: "This summer has been a critical juncture in the development of the project and preparation for efficient and cost-effective drilling in the future. We believe that with the infrastructure upgrades completed our drilling cost per meter has come down significantly, setting us on the right track to reach our goal of approximately $300-$350/m. SAGA's plans and objectives over the next 12-month are to complete a 10,000-15,000-meter drill program, setting the stage for the completion of a maiden resource calculation. A project like this, with homogenous geochemistry and large oxide layers, can move towards a resource calculation with 100 m drill spacing over the 2.5 km stretch of the entire oxide layering strike that runs continuously through the Trapper zone."
Qualified Person
Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.
About Saga Metals Corp.
Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.
The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).
Additionally, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.
With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
For more information, contact:
Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipates", "expects", "believes", and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company's Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company's assets, and the risks detailed in the Company's continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
Photos accompanying this announcement are available at:
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Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA,OTC:SAGMF) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical mineral discovery, is pleased to report a significant breakthrough in its 2025 exploration campaign at the wholly-owned Radar Project in Labrador, Canada. Emerging technical results suggest that the project bears geological similarities to Panzhihua, the world's leading vanadiferous titanomagnetite (VTM) operation, located in China, which contributes over 40% of global vanadium (V 2 O 5 ) production 1 .
With a large oxide layering thickness, a near-monomineralic VTM composition, and extensive mineral tenures, the Radar Project shows the potential to become a globally meaningful VTM project. We use Panzhihua as our deposit model target, however, note that comparable Labradorite-type AMCG deposits are not necessarily indicative of the grades and tonnes of the mineralization within the Dykes River intrusion.
"The Radar Project's mineralogy appears cleaner and more coarse-grained than most VTM deposits, and its vanadium content is similar to Panzhihua. This is a rare combination," said Paul McGuigan, P. Geo.
The Company requested that Paul McGuigan, P. Geo., review the results of the 2024-25 drilling program, which comprised 2,209 m of drilling, core logging, and 2,943 assay samples from the Hawkeye zone of the Radar Project. Additionally, the Company engaged Allan R. Miller, PhD, P. Geo., to investigate the petrography and ore microscopy of a preliminary suite of specimens, primarily from the Hawkeye zone.
Metallurgical testing is pending. Meanwhile, sufficient core logging, assaying, and petrography have been completed to identify a highly prospective Lower Cumulate Layer with a 100-200 m thick vanadium-rich basal layer within the drilled 600 m thick layered gabbronorite suite.
Radar Ti-V-Fe Project: A Rare Geological Setting
Located just 10 km from Cartwright, Labrador, the 24,175-hectare Radar Property is supported by existing infrastructure including road access, a deep-water port, airstrip, and nearby hydroelectric power. The property completely encompasses the Dykes River Intrusive Complex, a previously underexplored layered mafic body.
The Dykes River intrusion is an early, pre-collisional part of the Grenville Province. The Grenville, and its equivalent in Norway, is globally recognized for hosting some of the largest titanium–vanadium–iron oxide-bearing anorthosite massifs, including Lac Tio in Quebec and Tellnes in Norway 2 . This province has long been recognized as a powerhouse for strategic critical minerals, particularly Ti, V, Fe, and P 3 .
Figure 1: Radar Property map, depicting aeromagnetic anomalies, oxide layering and the site of the 2025 drill program. The Property is well serviced by road access and is conveniently located near the town of Cartwright, Labrador. A compilation of historical aeromagnetic anomalies is shown. SAGA has demonstrated the reliability of the regional airborne magnetic surveys after ground-truthing and drilling in the 2024 and 2025 field programs.
Radar's Lower Cumulate Layer is similar to Panzhihua's Main VTM Zones
Using the data from 2,943 assay samples, plots of TiO 2 vs. Fe/Ti (like those used by Charlier on other Grenville intrusions) tracked the evolution of the parent magmas of the Dykes River Fe–Ti–V oxide system. Similarities in ratios of TiO 2 and V 2 O 5 vs Fe 3 O 4 across multiple drill holes serve to identify the stratiform oxide ore layers. Within the 600 m tested thickness of layered gabbronorite, the chemistry delineates a very promising 300-400 m thickness, called the Lower Cumulate Layer. The highest V 2 O 5 assays are located in the lower 100-200 m, coinciding with the highest-grade intervals of VTMs. The layer is comprised of interlayered gabbronorite and bands of semi-massive to massive VTM.
Drill holes R25-HEZ-01, -07, -04, and -05 intersect this Lower Cumulate Layer. The chemistry indicates that the layer was deposited from a single, large-volume pulse of Ti-V-Fe-enriched magma (as shown in the consistency in the graphs plotted in Figure 2 below).
"The remarkable aspect is that 80% of the samples are of the same species of VTM, which is quite rare and due to the simple mineralogy," stated Paul McGuigan, P.Geo.
SAGA's Technical Consultant, Paul McGuigan, P.Geo., further identified that the lower 200–400 m of Hawkeye's mafic sequence comprises high-grade, rhythmically-layered VTM, with consistent TiO 2 , Fe 3 O 4 and V 2 O 5 ratios. Like Panzhihua 4 , the best grades at Hawkeye occur where individual VTM layers coalesce in the lower layers of a labradorite-AMCG type intrusion.
Figure 2: TiO 2 vs Fe/Ti for Lower Cumulate Layer showing similar magmatic differentiation trends.
The Lower Cumulate Layer at Radar, drilled in Holes R25-HEZ-01, -04, -05, and -07, features:
Table 1: Lower Cumulate Layer highlighting the length of VTM intersections.
At the heart of SAGA's breakthrough is the Hawkeye Zone, part of the Dykes River Complex. Recent petrographic work by Dr. Allan R. Miller confirms the presence of semi-massive to massive titanomagnetite hosted in gabbronorite cumulate layers. The mineralogy and assays in the lower Hawkeye zone are strikingly similar to those at Panzhihua 5 , where multiple layers of VTM mineralization—ranging from 1 to 30 meters in thickness and aggregating up to 100 m thick—are extracted for pig iron and vanadium.
Drilling Confirms High-Grade Intervals Across Large Stratigraphy
To summarize the 2,209 m drill program results, assays were grouped with core logging and a calculated VTM content to conform to the interpreted magmatic layering, as follows:
Notwithstanding the "heavily disseminated VTM" characterization, significant length-weighted averages at Hawkeye are in the range of 20 to 35% VTM. In other mafic layered intrusions, that tenor of mineralization lies within an economic range. Herein, we focus on the semi-massive to massive intervals only.
Table 2: SAGA's 2024/2025 winter drilling program completed 2,209 m of drilling over 7 holes and collected 2,943 samples.
Table 3: Summary of Saga Metals Radar Project 2025 drill results with VTM calculation & classification.
Key findings from Table 2 above include:
Radar Project's Exploration Guidance – Strategic Significance
Review of this recent assay and petrography data highlights the exceptional potential of Saga Metals' Radar property. The Dykes River mafic intrusion is a Labradorite-type AMCG layered intrusion , of the same composition and setting as intrusions hosting both titanomagnetite- and ilmenite-dominated deposits, such as the largest hard-rock titanium deposits worldwide, as follows:
Worldwide, most Labradorite-type AMCG deposits, dominated by VTM, are mined only for their V 2 O 5 content.
Notably, the Panzhihua mine produces both a VTM and an ilmenite concentrate, which are used to produce pig iron, V 2 O 5 , and TiO 2 . From the VTM concentrates only, the mine produces high-purity pig iron and over 42,000 tonnes/year of V 2 O 5 , which accounts for approximately 40% of the yearly world vanadium production 9 .
Modelling of the VTM contents at the Hawkeye zone Lower Cumulate Layer returns a targeted VTM concentrate very similar to Panzhihua VTM concentrates. Despite an abundance of world resources for Ti ores, the industry continues to prospect for better quality concentrates, principally because of processing costs and waste disposal problems associated with the high iron and trace-element contents of ilmenite and titanomagnetite. The simple, coarse-grained VTM mineralization at Saga Metals' Radar Project has the potential for a clean VTM concentrate with high recovery.
The deposits within comparable Labradorite-type AMCG deposits are not necessarily indicative of the grades and tonnes of the mineralization within the Dykes River intrusion.
The Hawkeye Zone at Saga Metals Radar Project:
Hawkeye is the first return of data from a very extensive gabbronorite Ti-V-Fe oxide layer in the Dykes River intrusion. The exploration focus is now significantly improved by the new data:
Dr. Miller's petrographic work revealed coarse-grained vanadiferous titanomagnetite (VTM) as the dominant mineral phase. Ilmenite, while present, exists primarily to date as intercumulus individual grains and minor inclusions (exsolution lamellae with trellis texture) within VTM, meaning processing flowsheets could theoretically prioritize VTM concentrate production for recovery of pig iron, V 2 O 5 and TiO 2 —similar to Panzhihua's strategy. Processing options open the door for the recovery of TiO 2 .
Q3 and Q4 2025 Initiatives Planned at the Radar Project:
Saga Metals intends to complete further delineation drilling in 2025 and initiate metallurgical testing focused on concentrate recoverability and DRI-EAF furnace compatibility. Saga plans to:
With its proximity to infrastructure and strong mineralogy, the Company's goal is to establish Radar as a strategic candidate for domestic titanium, vanadium, and pig iron production, particularly as North America pursues secure supplies of energy storage metals.
"This isn't just another VTM project," said Saga Metals Corp. CEO, Mike Stier. "We aim to prove that Radar could be one of the most significant North American VTM discoveries in a generation, with the goal of competing with global titans like Panzhihua."
Qualified Person
Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.
About Saga Metals Corp.
Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200 m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.
The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18 km east-west trend, with a confirmed 14 km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).
Additionally, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.
With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
For more information, contact:
Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipates", "expects", "believes", and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company's Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, inherent risks and uncertainties involved in the mineral exploration and development industry, particularly given the early-stage nature of the Company's assets, and the risks detailed in the Company's continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
___________________________________
1 Panzhihua, China
2 Lac Tio & Tellnes
3 Grenville Province (1) , Grenville Province (2)
4 Panzhihua, China
5 Panzhihua, China
6 Rio Tinto Annual Report, 2021
7 Tellnes
8 Hong Zhong and Weiguang Zhu (2006): Geochronology of layered mafic intrusions from the Pan–Xi area in the Emeishan large igneous province, SW China. Mineralium Deposita 41, 599-606.
9 Panzhihua, China & Mineral Commodity Study 2020
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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 SAGA's geophysics team has confirmed significant oxide mineralization in the northwest section of the 100% owned Radar Titanium Property (the "Property) over the site previously drilled back in 1996.
Northwest Zone, Radar Property
During the historic Voisey's Bay nickel discovery in northern Labrador, several other companies commenced exploration initiatives across the province. One company targeted a nickel and cobalt layered mafic intrusion located in the northwestern corner of the Property (see Figure 1 below). Drilling of 350 m was completed, with approximately 10% of the drill core assayed for multi-element, while the majority was only tested for Ni and Co. In drill hole 97-1, (Sample 97-1-13) recorded 40.27% Fe 2 O 3 , 7.73% TiO 2 from 52 to 52.9 feet , (Sample 97-1-15) recorded 59.09% Fe 2 O 3 and 7.32% TiO 2 from 56 to 57 feet . Additionally, several significant intercepts of 75% magnetite over 10 meters and greater were noted. That drill program was suspended due to the presence of consistent magnetite.
Michael Garagan, CGO & Director of SAGA, comments: "Regional geophysics did not cover this section of the property, but with the one hole from the 1996 drill program data assayed for multi-element, we knew of the NW zone mineralization, we just didn't know to what extent. While the ground crews continued to clear the old forestry road access to the Trapper zone, we commenced exploration on the NW zone. These geophysical results validate that the oxide layering zone could extend from the western part of the Trapper zone into the northwestern part. This would significantly increase our inferred oxide layering strike well beyond the current 20km."
Radar Ti-V-Fe Project Overview:
The Company's 100%-owned Radar Property is located 10 km from the coastal city of Cartwright, Labrador, benefiting from tremendous infrastructure, including road access, deep-water port, airstrip and nearby hydro-electric power. The Radar Property comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface.
The Dykes River intrusive complex is a recently recognized Mesoproterozoic layered mafic intrusion (Gower, 2017). It has gained attention due geological similarities to large AMCG-type intrusions and a very extensive titanium–vanadium–iron (Ti-V-Fe) rich layer.
Northwest Zone Geophysical Survey
Figure 1: Map of the Radar Titanium Project showing the location of the NW Zone geophysical survey (marked with the yellow star) relative to the Hawkeye zone drill site and the Trapper Zone.
Results from a magnetic survey conducted on the NW target in June 2025 show exceptional indications of oxide layering. The data from the survey were used to produce a first vertical derivative magnetic anomaly map and a total magnetic intensity map (TMI) (see Figure 2 below). Just 9km northwest of the Hawkeye zone, the NW target contains numerous magnetic highs up to 55,000 nT (nanotesla – a unit of magnetic field strength). Outcrops of gabbronorite with 40% magnetite confirm the presence of significant oxide mineralization, which is most likely the cause of those magnetic highs (see sample in Figure 3 below). The NW target is separated from the Hawkeye zone by a section of gneiss and an assumed fault. Despite lithological surface contacts not being contiguous with the inferred oxide layering to the south, historical geochemical data, combined with these geophysical results, and the observed magnetite in outcrop, indicate that the NW target contains an area of oxide layering right next to the road.
Michael Garagan, CGO & Director of SAGA, continues: "This is without a doubt another prospective target for further exploration work in the future. It also reiterates the exceptional access across the entire property and our team's ability to traverse these important zones. Our current priority is a follow up drill campaign in the Trapper zone; however, this geophysical survey gave us our first glimpse of oxide layering towards the north and we'll be working to confirm if this is a separate oxide zone or the continuation of the same trend highlighting the possibility that this is either a very large lopolith structure or near complete circular aerial expression."
Figure 2: Total magnetic intensity (TMI) map for the NW Zone target. Major magnetic highs are in the center and southern sections of the maps. The inferred area, which includes the oxide layering, is outlined striking east-west.
Figure 2 above indicates that there are isolated to semi-continuous areas of magnetic rock. Magnetic field values in the range of 55,000 nT indicate the presence of strongly magnetic rocks. The total magnetic intensity (TMI) data which plots the change in magnetic field values in nT/m, shows high rates of change on the edges of anomalies indicated in the TMI map (Fig. 2). The high rates of change along magnetic bodies indicate sharp contacts between magnetic and nonmagnetic rocks with most of the magnetic highs located in the center of the map. These expressions of drastic high-to-low changes in magnetism are what the team identified and drilled at the Hawkeye zone. The oxide anomalies strike NE-E-W and were defined by magnetic highs, high gradients on the edges, and ground-truthed outcrops of gabbronorite, as outlined in the regional map, 1VD, and TMI (Figures 1, 2 and 3).
The survey conducted used a GEM Systems GSM-19 Magnetometer. During the survey, magnetic-field measurements and VLF-EM data were recorded. The grid used is 1 km by 1.2 km, with lines running north-south having a 100 m spacing, and stations having a 20 m spacing.
Figure 3: A piece of gabbronorite from an outcrop in the NW Zone - target. In hand sample, modal mineralogy for magnetite is 40%. The book is 17cm long for scale.
Road Maintenance and Access Trail Update
SAGA's ground crews have successfully cleared the old forestry road of overgrowth and created the laydown at the entrance of the Tapper zone access trail. Additionally, work has commenced along the access trail with several hundred meters completed to date. It is expected that the excavator will access the center of the Tapper zone by the end of the week.
The road and trail construction aims to provide direct access to both the eastern Hawkeye Zone and the western extent of the Trapper Zone. This strategic roadwork will significantly enhance logistical and cost efficiency as well as exploration capacity across the main body of the oxide layering zone.
Figure 4: 25-tonne excavator arriving on site. The transport truck dropped the excavator at the junction of the main road running through the Radar Titanium Project towards the Hawkeye zone and the old forestry road.
Figure 5: 25-tonne excavator creating access trail along the oxide layering strike within the Trapper Zone.
Radar Ti-V-Fe Project 2025 Winter Drill Program Highlights:
(Click here to see SAGA's news release dated May 5, 2025 for full information on holes HEZ-01 & HEZ-04, here to see SAGA's news release dated May 26, 2025 for full information on holes HEZ-05 & HEZ-07 and here to see SAGA's news release dated May 29, 2025 for full information on holes HEZ-06, HEZ-02 & HEZ-03)
Qualified Person
Paul J. McGuigan, P. Geo., is an Independent Qualified Person as defined under National Instrument 43-101 and has reviewed and approved the technical information related to the Radar Ti-V-Fe Project disclosed in this news release.
About Saga Metals Corp.
Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km² on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.
The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).
Additionally, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Metals.
With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
For more information, contact:
Rob Guzman, Investor Relations
Saga Metals Corp.
Tel: +1 (844) 724-2638
Email: rob@sagametals.com
www.sagametals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipates", "expects", "believes", and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the exploration of the Company's Radar Project. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company's continuous disclosure filings with securities regulations from time to time, available under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
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Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company focused on critical minerals discovery, is pleased to announce the appointment of seasoned mining executive Peter Hogendoorn to its Board of Advisors, along with a key investor relations partnership aimed at elevating shareholder engagement and corporate visibility.
Appointment of Peter Hogendoorn to Board of Advisors
With over three decades of experience, Mr. Hogendoorn has specialized in financing junior mining and technology companies in both public and private sectors. As the founder and owner of Wrenswood Capital Corp for the past 20 years, he has focused on investing in and advising numerous start-ups and facilitating the revitalization of defunct operations. In 2012, he raised $16M through a joint venture that financed the original Sage Plains potash discovery well, which is still regarded as the richest potash discovery well in history. In 2021, he founded Sage Potash Corp. (TSXV: SAGE), of which he is currently CEO, where he has advanced permitting and engineering for initial production of 150,000 TPY, with State and Private Mineral leases of approximately 30,000 acres and BLM prospecting permit applications on an additional 58,000 acres.
"We are thrilled to welcome Peter to Saga Metals' board of advisors, where his proven track record as a distinguished mining executive will significantly enhance our strategic vision," said Mike Stier, CEO & Director of Saga Metals. "Peter's extensive experience in driving successful mineral exploration and development aligns seamlessly with our mission to advance critical mineral projects, particularly our Radar Titanium project in Labrador."
Mr. Hogendoorn commented: "I'm excited by SAGA's team and vision for developing strategic critical minerals that are traditionally produced in foreign jurisdictions. This has resulted in an overleverage of import dependence on critical minerals in Western economies. Such is the case for both Titanium and Potash with many starting to see the bull market opportunity ahead. Located in Labrador with proximal seaport access, I believe there exists an excellent opportunity to create important local jobs, and wealth creation as SAGA strives to become a major producer of titanium and other strategic critical minerals."
Strategic IR Engagement with Xander Capital Partners
The Company is also pleased to announce that it has entered into an investor relations agreement dated June 30, 2025 (the " Agreement ") with Xander Capital Partners Inc. (" Xander "), pursuant to which Xander will provide investor relations and market consulting services for an initial period of 12 months, subject to extension by mutual agreement of both parties. The Agreement can be terminated by giving 30 days' prior written notice of termination to the other party or by mutual written agreement of the parties.
Xander has been engaged to heighten market awareness of the Company and to broaden the Company's reach within the investment community. Pursuant to the Agreement, Xander will provide the following services to the Company: brand awareness, introductions to mining industry partners, research analysts, investment bankers, advisors, potential board members and digital marketing professionals. The Company will pay Xander a monthly cash fee of USD $10,000 as consideration for the services and 700,000 stock options (each, an " Option "), which Options are exercisable for a period of two (2) years from the date of grant and vest quarterly over a period of 12 months. The Options were issued to Rob Guzman and James Hellwarth, both principals of Xander.
Xander Capital Partners, a leading investor relations firm with over 30 years of cumulative industry experience whose clientele has included public companies such as Alpha Lithium Corp. from inception in 2019 to the recent $300-million-plus buyout in 2023. Xander's engagement is expected to elevate the Company's capital markets profile, ensuring that SAGA's growth story reaches a broad and sophisticated investor base. Xander is headquartered in Orlando, with their reach expanding internationally. Their services include introductions to high-net-worth individuals, assistance with the raising of equity capital, and corporate sponsorship.
The Agreement remains subject to the approval of the TSX Venture Exchange (the " Exchange ").
Going forward please contact Rob Guzman, Investor Relations, for more information related to the Company and its projects.
Contact details:
Toll Free Tel: +1 (844) 724-2638
Email: rob@sagametals.com
About Saga Metals Corp.
Saga Metals Corp. is a North American mining company focused on the exploration and discovery of a diversified suite of critical minerals that support the global transition to green energy. The Radar Titanium Project comprises 24,175 hectares and entirely encloses the Dykes River intrusive complex, mapped at 160 km 2 on the surface near Cartwright, Labrador. Exploration to date, including a 2,200m drill program, has confirmed a large and mineralized layered mafic intrusion hosting vanadiferous titanomagnetite (VTM) with strong grades of titanium and vanadium.
The Double Mer Uranium Project, also in Labrador, covers 25,600 hectares featuring uranium radiometrics that highlight an 18km east-west trend, with a confirmed 14km section producing samples as high as 0.428% U 3 O 8 and uranium uranophane was identified in several areas of highest radiometric response (2024 Double Mer Technical Report).
Additionally, SAGA owns the Legacy Lithium Property in Quebec's Eeyou Istchee James Bay region. This project, developed in partnership with Rio Tinto, has been expanded through the acquisition of the Amirault Lithium Project. Together, these properties cover 65,849 hectares and share significant geological continuity with other major players in the area, including Rio Tinto, Winsome Resources, Azimut Exploration, and Loyal Lithium.
With a portfolio that spans key minerals crucial to the green energy transition, SAGA is strategically positioned to play an essential role in the clean energy future.
On Behalf of the Board of Directors
Mike Stier, Chief Executive Officer
For more information, contact:
Saga Metals Corp.
Rob Guzman, Investor Relations
Tel: +1 (844) 724-2638
Email: rob@SAGAmetals.com
www.SAGAmetals.com
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Disclaimer
This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipates", "expects", "believes", and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. In particular, this news release contains forward-looking information pertaining to the Company's advisors, projects and investor relations. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage, risks and uncertainties involved in the mineral exploration and development industry, and the risks detailed in the Company's continuous disclosure, filed under its SEDAR+ profile at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.
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North Shore Uranium (TSXV:NSU) is a uranium exploration company focused on North America, advancing a dual-track strategy aimed at high-impact discoveries in two of the world’s most prolific uranium regions: the eastern Athabasca Basin in Saskatchewan, Canada, and the Grants Uranium District in New Mexico, USA. With a lean capital structure, fully permitted drill targets in Saskatchewan, and strong insider ownership, the company is well-positioned to create value through cost-effective exploration and resource definition in a rising uranium price environment.
The Rio Puerco project, located in New Mexico’s Grants District—a historically productive uranium belt responsible for over 340 million pounds of past U₃O₈ production—offers strong potential. Drawing on data from approximately 800 historical drill holes, a JORC-compliant inferred resource estimate of 11.4 million pounds U₃O₈ was completed in 2009. Early assessments suggest potential for in-situ recovery (ISR) mining, one of the lowest-cost extraction methods in the industry.
North-Shore-Uranium-Athabasca-Basin-ProjectsAt the Falcon project in the Athabasca Basin, North Shore’s maiden 2024 drill program confirmed near-surface uranium mineralization in previously untested zones, underscoring the project’s discovery potential. The company has outlined a 7-kilometre conductive corridor with high-priority drill targets in the South Priority Area and is planning prospecting and follow-up drill programs.
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With a focused and cost-efficient exploration strategy, North Shore Uranium is building a dual-jurisdiction uranium portfolio in two of North America’s most prolific uranium districts: Saskatchewan’s Athabasca Basin and New Mexico’s Grants Uranium District.
North Shore Uranium (TSXV:NSU) is a North America-focused uranium exploration company advancing a dual-track strategy, targeting high-impact discoveries in two of the world’s most prolific uranium jurisdictions: the eastern Athabasca Basin region in Saskatchewan, Canada, and the Grants Uranium District in New Mexico, USA. With a lean capital structure, fully permitted drill targets in Saskatchewan, and strong insider ownership, the company is well-positioned to deliver value through cost-effective exploration and resource definition in a rising uranium price environment.
Rio Puerco project in New Mexico’s Grants District, is a historically productive uranium belt responsible for over 340 million pounds of past U3O8 production. Using data from approximately 800 historical drill holes a JORC-compliant inferred resource estimate of 11.4 million pounds U₃O₈ 1 was completed in 2009. Early evaluations suggest potential for in-situ recovery (ISR) mining – one of the lowest-cost extraction methods in the industry.
At Falcon in the Athabasca Basin, North Shore’s maiden 2024 drill program confirmed near-surface uranium mineralization in previously untested zones, highlighting the project's potential for new discoveries. The company has identified a 7-kilometre conductive corridor with high-priority drill targets named the South Priority Area, and is planning prospecting and follow-up drill programs.
Rio Puerco project area
Strategically, North Shore stands out among junior explorers by offering exposure to two of the most politically stable and uranium-endowed regions in the world.
With macro tailwinds, including spot uranium prices surpassing US$100/lb in 2024 and recent US policies aiming to triple nuclear energy capacity by 2050, the company is positioned to benefit from growing demand and supportive permitting regimes in both Canada and the United States.
On June 23, 2025, North Shore signed a binding term sheet with Resurrection Mining LLC for a transaction that would allow North Shore to acquire up to an 87.5 percent interest in Rio Puerco. Closing of the transaction by August 31, 2025 is subject to final due diligence, execution of a definitive agreement, completion of a minimum $750,000 financing by North Shore and approval by the TSX Venture Exchange. Rio Puerco is located 60 km northwest of Albuquerque in the prolific Grants Uranium District. The Grants District has historically produced over 340 million lbs of U₃O₈, making it the most productive uranium region in the United States. Rio Puerco consists of 37 Bureau of Land Management claims and benefits from existing access infrastructure.
Rio Puerco is surrounded by advanced uranium exploration/development projects: Roca Honda (Energy Fuels), Marquez-Juan Tafoya (Anfield Energy), and Cebolleta (Premier American Uranium).
The Rio Puerco deposit is hosted in the Westwater Canyon Member of the Jurassic Morrison Formation – a well-known host for peneconcordant sandstone-hosted uranium mineralization. Kerr-McGee drilled over 1,000 holes on the property and surrounding area in the 1970s and initiated development of a room-and-pillar underground mine. Mining operations were suspended in 1980 due to collapsing uranium prices. A 2009 resource estimate by Monaro Mining outlined a JORC-compliant historical inferred resource of 6 million tonnes grading 0.09 percent eU₃O₈ for 11.4 million lbs of contained U₃O₈.1 This estimate was validated by a 2011 technical report commissioned by Australian-American Mining Corporation.
The deposit is believed to have potential for ISR mining – a low-cost, environmentally friendlier method used in many US uranium projects. After completion of the Rio Puerco transaction, North Shore’s near-term plan is to validate historical data through a 10- to 20-hole drill program, including both rotary and diamond core holes, and evaluate the ISR potential through hydrogeological, geochemical and metallurgical testing.
Rio Puerco represents a near-term opportunity to define a modern resource in a supportive permitting and policy environment. Recent executive orders by the US government aim to accelerate nuclear permitting timelines. The project lies entirely on BLM land and is situated near advanced-stage uranium projects such as Roca Honda (Energy Fuels), Marquez-Juan Tafoya (Anfield Energy), and Cebolleta (Premier American Uranium), enhancing the district-scale relevance of the asset.
Falcon is located along the Wollaston Domain at the eastern margin of Saskatchewan’s Athabasca Basin, the property spans 55,503 hectares across 15 mineral claims. North Shore owns 100 percent of four claims totalling 12,800 hectares and holds an option to earn up to a 100 percent interest in the remaining 11 claims from Skyharbour Resources by October 2027. The project benefits from excellent infrastructure, including proximity to the active Key Lake uranium mill (30 km west) and a powerline traversing the property’s eastern boundary.
The Falcon area has similarities to the base of the nearby Key Lake deposit, where uranium is associated with fault zones just below the unconformity between overlying sandstone and basement rocks. At Falcon, the sandstone cover has been eroded, exposing basement rocks, making it an ideal target for basement-hosted mineralization. Historical work from the 1960s to early 2000s identified numerous uranium occurrences at Falcon, including “radioactive boulders”, uranium showings as well as strong EM conductors. High-resolution airborne geophysical surveys were flown in 2006, 2007, 2013 and 2022. These datasets, combined with new and historical drill results, and new geophysical modeling, have allowed North Shore to define and prioritize 36 exploration targets, including 11 high-priority targets across three priority zones.
In March 2024, North Shore completed its maiden drill program at Falcon, targeting three previously undrilled EM conductor anomalies (P03, P08, P12). At P08 and PO3 , drilling intersected three near-surface, uranium-bearing fault zones. The most notable interval at PO8 at a depth of 45 metres returned 4.7 metres at 316 parts per million (ppm) U₃O₈, with one sample returning 572 ppm U₃O₈1.
Target FA025, near mapped location of the D Zone showing
Current exploration at Falcon is primarily focused on the South Priority Area, a 7 km EM conductor trend that includes the P03 and P08 discoveries and high-priority targets such as FA002, FA003, F004 and F005. In target zone 3, FA025 hosts the historical D Zone showing (1.26 percent uranium and 0.8 percent molybdenum in a mineralized vein). Only three shallow holes totaling 350 m have been drilled at FA025. The project is fully permitted for drilling and North Shore inked an exploration agreement with the English River First Nation in March 2025.
Located approximately 90 km north of the Falcon property, the West Bear Property comprises four claims totaling 3,927 hectares and is located at the eastern edge of the Athabasca Basin. It is adjacent to a known uranium and cobalt-nickel resources held by Uranium Energy Corp., including a Co-Ni resource of 3.8 million lbs of cobalt and 3.2 million lbs of nickel, as well as a probable uranium reserve of 1.4 million lbs U₃O₈. The proximity to these advanced-stage assets provides geological validation of the regional prospectivity.
Brooke Clements is an award-winning exploration geologist with over 35 years in the mining industry. He is the former president of Peregrine Diamonds and senior VP of Peregrine Metals. He is a two-time recipient of the AMEBC Hugo Dummett Award and the 2019 PDAC Bill Dennis Award for discovery.
Blake Steele is the former president and CEO of Azarga Uranium, which was acquired by enCore Energy for approx. C$200 million. Steele has deep expertise in capital markets and US ISR uranium projects.
Geologist and former exploration manager at Paladin Energy, Jimmy Thom oversaw exploration strategy for the company’s North American uranium portfolio.
With over 20 years of financial experience in the mining industry, Dan O’Brien serves as CFO for several publicly listed exploration companies.
Andrew Stewart is a capital markets lawyer and partner at Cozen O’Connor, with cross-border legal expertise relevant to US projects and potential future US listings.
Doris Meyer is a corporate compliance expert with experience as director of a number of publicly listed exploration companies.
James Arthur is a senior legal counsel and senior director of Keysight Technologies, an S&P 500 company.
Ben Meyer has more than 10 years of experience in corporate and regulatory compliance.
1The historical resource at Rio Puerco outlined in this profile has not been verified. It is a historical estimate and not current and does not comply with Canadian NI-43-101 guidelines for the reporting of mineral resources. A Qualified Person has not verified the historical resource on behalf of the company and North Shore has completed no work programs at Rio Puerco. Though not current, the company views the historical resource estimates as reliable and sufficient to justify exploration programs at Rio Puerco.