The Garneau Titanium Project Features Ilmenite-Rich Boulder with Grab-Sample Assays of 65.1% Fe₂O₃, 32.4% TiO₂, and 2,260 ppm VanadiumVANCOUVER, British Columbia, March 26, 2026 (GLOBE NEWSWIRE) -- SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discoveries, is pleased to announce that it has completed the acquisition (the “Acquisition”) from Rio Tinto Exploration Canada Inc (“RTEC”) of a 100% interest in th ...

Core Insights - SAGA Metals Corp. has reported additional assay results from its ongoing Mineral Resource Estimate diamond drill program at the Trapper Zone, indicating significant mineralization potential in the Radar Titanium-Vanadium-Iron Project [1][8] Drilling Summary - A total of 4,492 meters have been drilled in 2026 across 21 holes, with significant oxide intercepts observed, including 154.77 meters in hole R-0026 and 151.41 meters in hole R-0032 [4][18] - The drilling program has confirmed broad zones of semi-massive oxide, with multiple holes showing increased oxide concentration and thickness [5][18] Assay Results - Recent assay results from holes R-0018, R-0019, and R-0020 show high-grade mineralization, with R-0019 reporting 45.7 meters at 49.51% Fe₂O₃, 6.56% TiO₂, and 0.374% V₂O₅ [5][18] - Cumulative results from the 2026 drill program now include five diamond drill holes, reinforcing the potential for a robust resource base [5][18] Geological Insights - The mineralization at the Trapper Zone is characterized by consistent SE-striking, west-dipping oxide horizons, with semi-massive to massive oxide mineralization being the core economic target [10][11] - The Radar Property spans 24,175 hectares and hosts a significant mineralized layered mafic intrusion, with confirmed oxide layering trends extending over 16 kilometers [22][23] Market Engagement - The company has entered into a market-making services agreement with Integral Wealth Securities Limited to enhance liquidity for its common shares, with a monthly fee of C$6,000 for an initial three-month term [25][28]

Core Insights - SAGA Metals Corp. has confirmed mineralization in all 31 drill holes at its Radar Critical Minerals Project, with significant grades of iron, titanium, and vanadium, highlighting the project's potential amid increasing North American focus on critical minerals [1][2][10] Company Overview - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals essential for North American supply security, particularly titanium and vanadium [21] - The Radar Project spans 24,175 hectares and includes the Dykes River intrusive complex, which has been confirmed to host significant mineralization [11][21] Project Highlights - The Radar Project has reported assay results with up to 64.55% Fe2O3, 13.3% TiO2, and 0.66% V2O5, indicating high-quality mineralization [1][2][19] - The project is strategically located with infrastructure advantages, including road access, a deep-water port, hydro-electric power, and an airstrip, which may enhance its appeal to North American governments and manufacturers [8][19] Industry Context - The U.S. and Canadian governments have identified titanium and vanadium as critical minerals, emphasizing their importance for national security and advanced manufacturing sectors [1][6][9] - Recent U.S. government initiatives, including funding for domestic titanium production and requests for proposals related to critical minerals, underscore the urgency of securing supply chains for these materials [7][9] Drilling and Exploration Progress - SAGA has completed 16 drill holes totaling 3,435 meters in 2026, with ongoing drilling and geological evaluations aimed at defining the scale of mineralization [10][19] - Significant drill intercepts include Hole R-0016 with 50.60 m at 52.05% Fe2O3 and Hole R-0017 with 90.01 m at 51.86% Fe2O3, demonstrating the project's potential for high-grade mineralization [5][19]

Core Viewpoint - SAGA Metals Corp. successfully completed its Warrant Acceleration Program, resulting in the exercise of 6,755,142 warrants and raising a total of $3,422,888 CDN, significantly enhancing the company's financial position and supporting its ongoing exploration efforts in critical minerals [1][2][3]. Financing and Warrant Details - The company issued a total of 6,637,667 warrants and 163,146 finder's warrants during the May Financing, and 555,750 finder's warrants during the October Financing [2]. - The warrants allowed holders to purchase common shares at a price of $0.50 per share for 24 months from the issue date, with the acceleration period expiring on February 21, 2026 [3]. Financial Position - The successful warrant exercise adds to the $9 million CDN raised in Q4 2025, positioning the company in its strongest financial state to date [3]. - The total proceeds from the warrant exercise contribute to the company's treasury, enabling further exploration and drilling activities [3]. Project Overview - The Radar Property spans 24,175 hectares and includes the Dykes River intrusive complex, with confirmed oxide layering across more than 20 km of strike length [4][13]. - The project is strategically positioned to supply titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [6]. Drilling Results - The 2025 drilling programs confirmed mineralization in all 25 drill holes, with significant oxide-rich intercepts reported [10]. - Key intercepts from the drilling include high grades of Fe2O3, TiO2, and V2O5, with notable results such as 87.20 m at 50.67% Fe2O3, 10.15% TiO2, and 0.339% V2O5 [9][11]. Upcoming Events - SAGA Metals will participate in the PDAC Conference in Toronto from March 1 - 4, 2026, providing an opportunity for engagement with investors and stakeholders [12].

Core Insights - SAGA Metals Corp. has completed seven diamond drill holes at the Trapper Zone, confirming oxide mineralization in all logged holes, with a total of 1,244 meters drilled in less than two weeks [1][3][14] Drilling Program Highlights - The drilling program commenced in late January 2026, targeting the southeastern oxide anomaly in Trapper South, with notable intercepts including 111.67 meters of oxide in hole R-0018 and 90.08 meters in R-0017 [3][5] - The drill rig has now moved to the southwestern oxide anomaly, with the eighth hole (R-0023) currently being drilled [5][14] - The drilling has demonstrated extensive rhythmic oxide layering and semi-massive mineralization, consistent with previous high-grade results from Trapper North [5][14] Drill Hole Summary - Significant oxide intercepts were recorded across the completed holes, with R-0016 to R-0022 showing intercepts ranging from 58 meters to 111.67 meters, predominantly semi-massive oxide [5][7] - The drilling strategy involved twinning holes to better define oxide intercepts and structures, enhancing the understanding of the mineralization [10][14] Project Overview - The Radar Property spans 24,175 hectares and hosts the Dykes River intrusive complex, with geological mapping confirming oxide layering across more than 20 kilometers of strike length [19][26] - The project is strategically positioned to supply titanium, vanadium, and iron to North American markets, with exceptional grades reported, including up to 64.55% Fe, 13.3% TiO2, and 0.66% V2O5 [21][22] Upcoming Events - SAGA Metals will participate in the Prospectors & Developers Association of Canada (PDAC) Conference in Toronto from March 1-4, 2026, providing an opportunity for investor engagement [25]

Core Insights - SAGA Metals Corp. is strategically positioned to benefit from the U.S. government's "Project Vault," which aims to enhance domestic supply chains for critical minerals, particularly titanium, in alignment with national security priorities [1][3][4] Group 1: Project Vault and U.S. Strategic Initiatives - Project Vault establishes the U.S. Strategic Critical Minerals Reserve as a public-private partnership to store essential raw materials across U.S. facilities [2] - The Export-Import Bank of the United States (EXIM) has approved a Direct Loan of up to USD 10 billion to support Project Vault, aimed at strengthening U.S. production and processing capacity [3] - The initiative is part of a broader strategy by the Trump administration to counter China's dominance in critical minerals, particularly in refining [4] Group 2: Titanium's Strategic Importance - Titanium is recognized as a critical mineral for defense and aerospace applications due to its strength-to-weight ratio and corrosion resistance [11] - Over 90% of mined titanium is processed into pigment, highlighting a significant supply chain gap for aerospace-grade titanium [12] - The defense sector consumes a substantial portion of titanium, with some aircraft, like the F-15, comprising up to 40% titanium by weight [13] Group 3: SAGA Metals' Project Focus - SAGA's flagship Radar Ti-V-Fe Project in Labrador has achieved a 100% drilling success rate in 2025, with exceptional grades of titanium, vanadium, and iron [13] - The project is strategically located near existing infrastructure, enhancing its potential for supporting secure supply chains for defense and aerospace [14] - The evolving policy environment emphasizes the importance of North American critical minerals projects, reinforcing SAGA's focus on supply-chain security and advanced manufacturing [14] Group 4: Implications of Project Vault - SAGA Metals identifies key implications from Project Vault, including the rising strategic value of titanium and other critical metals in defense readiness and aerospace manufacturing [17] - There is potential for increased investment in North American exploration and processing capacity as governments prioritize secure supply [17] - Enhanced public-private cooperation is expected to create resilient supply chains and mitigate market disruption risks [17]

Core Viewpoint - SAGA Metals Corp. has reported exceptional assay results from its drilling program at the Trapper Zone, indicating high grades of titanium, vanadium, and iron across all completed drill holes, which supports the potential for a robust mineral resource definition in the area [1][12]. Group 1: Drilling Results - The company completed a total of eight drill holes in the Trapper Zone, with four in Trapper South, yielding significant oxide-rich intercepts [1][6]. - Notable assay results include: - R-0015: 100.70 m grading 38.56% Fe2O3, 6.80% TiO2, and 0.229% V2O5 [5][6]. - R-0014: 41.20 m grading 36.17% Fe2O3, 6.36% TiO2, and 0.188% V2O5 [5][6]. - R-0013: 111.50 m grading 37.08% Fe2O3, 5.14% TiO2, and 0.242% V2O5 [5][6]. - R-0012: 75.20 m grading 27.39% Fe2O3, 4.87% TiO2, and 0.116% V2O5 [5][6]. Group 2: Geological Insights - The Trapper Zone exhibits a continuous oxide layering trend extending over 16 km, with consistent mineralization patterns observed between the Trapper and Hawkeye Zones [8][10]. - The geological team has identified significant oxide concentrations in cross-sections S8 and S7, indicating the potential for additional high-grade oxide layering throughout the Trapper Zone [9][12]. Group 3: Project Overview - The Radar Titanium-Vanadium-Iron property spans 24,175 hectares and is strategically located near Cartwright, Labrador, with access to infrastructure such as roads and a deep-water port [19][20]. - The project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [20][25].

Core Insights - SAGA Metals Corp. has commenced the 2026 phase of its maiden Mineral Resource Estimate drill program at the Trapper Zone within the Radar Titanium-Vanadium-Iron Project in Labrador, Canada [1][2] Drilling Program Details - The current drilling phase aims to expand and confirm extensive oxide zones identified in previous drilling, with the first hole, R-0016, initiated on Section S8 [2] - A total of 30 drill holes are planned, with the initial 10 expected to be completed within approximately five weeks, transitioning to the central portion of Trapper South thereafter [2][3] - All drill holes are designed with a -45° dip and 38° N-NE azimuth, targeting a prospective zone of rhythmic banding expected to range from 125 to 200 meters in width [3] Previous Drilling Results - Previous drilling in Q4 2025 demonstrated consistent high-grade titanium-vanadium-iron mineralization, with significant oxide concentrations across multiple zones [3] - Confirmed mineralization in 15 out of 15 drill holes completed in two primary zones, with notable intercepts including: - R-0010: 135.50 m grading 50.03% Fe₂O₃, 7.87% TiO₂, and 0.352% V₂O₅ - R-0011: 95.15 m grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.220% V₂O₅ - R-0009: 87.20 m grading 50.67% Fe₂O₃, 10.15% TiO₂, 0.339% V₂O₅ - R-0008: 67.60 m grading 46.15% Fe₂O₃, 9.21% TiO₂, 0.311% V₂O₅ - R-0007: 57.70 m grading 27.09% Fe₂O₃, 5.31% TiO₂, 0.365% V₂O₅ [11] Project Highlights - The Radar Property spans 24,175 hectares and hosts the entire Dykes River intrusive complex, with geological mapping confirming oxide layering across more than 20 km of strike length [10] - The project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [12] Infrastructure and Accessibility - The Radar Project is well-serviced by road access, a deep-water port, nearby hydro-electric power, and an airstrip, enhancing its operational viability [11] Investor Relations and Marketing - The company has engaged multiple firms for investor relations and marketing services, including GMN for European marketing at a fee of $6,800 per month, and i2i Marketing Group with an increased budget of US$250,000 for corporate marketing services [16][17]

Core Viewpoint - SAGA Metals Corp. is accelerating the expiry of outstanding common share purchase warrants, which is expected to generate approximately $3.6 million in additional funding, enhancing the company's financial position and supporting its exploration strategy in 2026 [3][4]. Financing Details - The company issued a total of 6,637,667 warrants and 163,146 finder's warrants in the May Financing, and 555,750 finder's warrants in the October Financing, totaling 7,356,467 warrants [2]. - The acceleration of the warrants' expiry is triggered by the company's common shares closing at or above C$0.75 for 10 consecutive trading days, allowing the expiry date to be set to February 21, 2026 [3]. Financial Position - The company raised $9 million in Q4 2025 and has generated over $675,000 from warrant exercises since the beginning of 2026, positioning it in the strongest financial position in its history [3]. - The influx of funds from the accelerated warrant exercises will bolster the company's treasury and support its strategic initiatives [3]. Project Overview - The Radar Critical Mineral Property spans 24,175 hectares and hosts the Dykes River intrusive complex, with confirmed oxide layering across more than 20 km [5][6]. - The project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [6]. Exploration Plans - The 2026 drill program will focus on the southern section of the Trapper Zone, targeting approximately 30 holes (7,500 m) [8]. - Drilling will commence at the southeastern extent of Trapper South and will progress towards Trapper North, aiming to complete the remainder of the MRE drill campaign by spring [8]. Mineralization Results - Confirmed mineralization in 15 out of 15 drill holes, with significant oxide-rich intercepts reported, including grades of up to 50.67% Fe₂O₃, 10.15% TiO₂, and 0.339% V₂O₅ [10]. - The project has demonstrated exceptional grades and thicknesses, with semi-massive to massive oxide reporting up to 64.55% Fe, 13.3% TiO₂, and 0.66% V₂O₅ [10]. Company Background - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals essential for North American supply security, with a portfolio that includes the Radar Ti-V-Fe Project and the Double Mer Uranium Project [12][13]. - The company is strategically positioned to play a significant role in critical mineral security, with properties covering a total of 65,849 hectares [16].

Core Insights - SAGA Metals Corp. has reported successful assay results from four diamond drill holes at the Trapper North Zone, confirming high-grade titanium, vanadium, and iron mineralization [1][6][7] Drilling Results - The assay results from drill holes R-0010 and R-0011 indicate significant mineralization, with R-0010 intercepting 135.5 meters grading 50.03% Fe₂O₃, 7.87% TiO₂, and 0.352% V₂O₅, while R-0011 intercepted 95.15 meters grading 39.49% Fe₂O₃, 6.49% TiO₂, and 0.22% V₂O₅ [6][11] - The overall results from all four drill holes show a consistent presence of oxide-rich intercepts, with 42.6% of samples exceeding 7% TiO₂ and 53.7% of samples exceeding 0.2% V₂O₅ [6][7] Geological Insights - The drilling program has confirmed the continuity of high-grade mineralization along the northern limb of the Trapper North Fold, indicating a strong potential for resource development [7][12] - The geological mapping and drilling have revealed extensive oxide layering across more than 20 km of strike length, with mineralization open for expansion [19][21] Future Plans - The 2026 drilling campaign will focus on the southern section of the Trapper Zone, targeting approximately 30 holes (7,500 meters) to further delineate the mineral resources [18][16] - The company aims to establish a maiden Mineral Resource Estimate for the Radar Project, emphasizing the importance of titanium, vanadium, and iron for North American supply security [13][14] Strategic Positioning - The Radar Project is positioned as a potential strategic supplier of titanium, vanadium, and iron to North American markets, comparable to global Fe–Ti–V systems [22][27] - SAGA Metals Corp. is focused on critical mineral discovery to support North America's transition to supply security, with a diversified portfolio of projects [27][31]