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Saga Metals Acknowledges U.S. Strategic Critical Minerals Reserve “Project Vault” and Highlights Titanium’s Strategic Importance to North American Defense Supply Chains
Globenewswire· 2026-02-06 12:30
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]
SAGA Metals Achieves 100% Drilling Success in 2025—Reports Final Assays from Trapper South at Radar Critical Minerals Project in Labrador
Globenewswire· 2026-02-04 12:30
--Exceptional grades of Titanium, Vanadium and Iron in all 15 drill holes completed in 2025, bookending a 16+ km oxide strike length--VANCOUVER, British Columbia, Feb. 04, 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 the assay results for the four (4) remaining diamond drill holes completed in Q4 2025 at the Trapper Zone’s southern section known ...
SAGA Metals Commences 2026 MRE Drill Program at Radar Critical Minerals Project in Labrador
Globenewswire· 2026-01-29 12:30
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]
SAGA Metals Announces Warrant Expiry Acceleration—Reports Over $675,000 of Warrant Money Exercised and Received since January 1, 2026
Globenewswire· 2026-01-22 23:21
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].
SAGA Metals Confirms Significant High-Grade Mineralization at Trapper North Releasing Additional Assays at Radar Critical Minerals Project in Labrador
Globenewswire· 2026-01-19 12:30
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]
SAGA Metals Announces Additional Assay Results from Drilling at Trapper North, Confirming High-Grade Mineralization at Radar Critical Minerals Project in Labrador
Globenewswire· 2026-01-16 22:30
Core Insights - SAGA Metals Corp. announced assay results for two additional diamond drill holes (R-0010 and R-0011) from its Q4 2025 drill program at the Radar Ti-V-Fe Project, confirming high-grade mineralization continuity in the Trapper North zone [1][6][12] Assay Results - R-0010 intercepted 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 0.220% V₂O₅ [6][10] - The results from all four drill holes in Q4 2025 show significant oxide-rich intercepts, with 42.6% of samples exceeding 7% TiO₂ and 53.7% of samples exceeding 0.2% V₂O₅ [6][12] Geological Insights - Hole R-0010 was drilled at a 0-degree azimuth to optimize the assessment of the northern limb of the Trapper North Fold, while R-0011 was a 100-meter step-out that tracked the continuation of the oxide layer [9][10] - The presence of a 22-meter interval of rhythmically banded oxide in R-0011 suggests persistent layering, indicating potential connections between the Trapper and Hawkeye zones [11][12] Future Plans - The 2026 drill program will focus on the southern section of the Trapper Zone, targeting approximately 30 holes (7,500 meters) to further delineate mineral resources [14][15] - The ongoing drilling campaign aims to systematically grid the zones across the Trapper Zone to enhance resource confidence [13][15] Project Overview - The Radar Property spans 24,175 hectares and hosts the Dykes River intrusive complex, with confirmed oxide layering across more than 20 km of strike length [18][27] - 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 [21][27]
SAGA Metals Mobilizes for Drilling at Radar Critical Minerals Project Targeting Completion of Maiden Mineral Resource Estimate
Globenewswire· 2026-01-13 12:30
Core Viewpoint - SAGA Metals Corp. has mobilized its exploration team and equipment for a major diamond drill program at the Radar Titanium-Vanadium-Iron Project in southeastern Labrador, aiming for a maiden Mineral Resource Estimate [1][4]. Exploration Program Details - Drilling is set to commence on January 16, 2026, focusing initially on the southern section of the Trapper Zone, known as "Trapper South," with plans for approximately 30 holes totaling 7,500 meters [2][4]. - The drilling strategy includes holes spaced 100 meters apart, drilled at a 45° dip, with an average depth of around 150 meters to enhance confidence in the mineral resource model [7][8]. Drilling Highlights - Initial assays from the 2025 drilling program showed significant results, including: - R-0008: 269.36 m @ 36.21% Fe₂O₃, 6.57% TiO₂, 0.244% V₂O₅ - R-0009: 296.47 m @ 39.75% Fe₂O₃, 7.46% TiO₂, 0.25% V₂O₅ - 46.2% of samples > 7% TiO₂ and 23.2% of samples > 10% TiO₂ [8]. - The drilling program has shown a step-change in metrics from Trapper North to Hawkeye, with Fe₂O₃ increasing by 124%, TiO₂ by 105.9%, and V₂O₅ by 36.9% [8]. Structural Insights - The drilling on Section S-11 has provided critical structural information, confirming multiple instances of reverse faults and enhancing understanding of the Trapper South anomaly's geometry [10][15]. - The analysis indicates that two anomalies (East and West) were initially connected but have been separated by geological processes [10]. Property Overview - The Radar Property spans 24,175 hectares and includes the Dykes River intrusive complex, with confirmed oxide layering over more than 20 km of strike length [17][21]. - 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 [21][29]. Corporate Update - The company has entered into a debt settlement agreement to settle $178,750 in outstanding debt through the issuance of 275,000 common shares at a deemed price of $0.65 per share, aimed at preserving cash for exploration activities [24][25].
SAGA Metals Highlights Radar Titanium Opportunity as North America Confronts Defense Driven Titanium Supply Chain Risks
Globenewswire· 2026-01-09 12:30
Core Insights - SAGA Metals Corp. has reported its best drill results to date from the Trapper Zone of the Radar Ti-V-Fe Project, highlighting a strong titanium thesis and significant mineralization potential [1][4][9] Company Overview - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals, particularly titanium, vanadium, and iron, essential for North American supply security [21][24] - The Radar Project spans 24,175 hectares and encompasses the entire Dykes River intrusive complex, a unique geological position among Western explorers [5][13] Drill Results - Recent assays from the first two of eight completed drill holes at the Trapper Zone show long intervals of oxide mineralization with significant grades: Hole R-0008 reported 269.36 m at 6.57% TiO₂, 0.244% V₂O₅, and 36.21% Fe₂O₃; Hole R-0009 reported 296.47 m at 7.46% TiO₂, 0.250% V₂O₅, and 39.75% Fe₂O₃ [7][9] - The results confirm a large mineralized layered mafic intrusion with strong titanium and vanadium grades, validating a continuous oxide layering trend over 16+ km [5][14] Market Context - The titanium market is experiencing growth driven by defense and aerospace applications, with a projected increase from US$30.34 billion in 2024 to US$52.52 billion by 2032, reflecting a CAGR of 7.10% [9] - Titanium is classified as a critical mineral by the U.S., EU, and Canada, emphasizing its importance in defense and aerospace due to its strength-to-weight ratio and corrosion resistance [6][8] Strategic Importance - SAGA's Radar Project is positioned to address the supply chain vulnerabilities in North America, particularly in the context of geopolitical risks associated with titanium metal supply [3][8] - The project aims to bolster domestic supply chains to meet urgent national security needs, aligning with the strategic narrative of resilient North American titanium supply [2][9] Next Steps - SAGA plans to receive additional assay results shortly and will mobilize crews by mid-January to initiate the next phase of the Trapper Zone MRE drill program [10]
SAGA Metals Reports Strongest Critical Mineral Drill Results To-Date at Radar Ti-V-Fe Project in Labrador
Globenewswire· 2026-01-05 12:30
Core Insights - SAGA Metals Corp. has reported the first assay results from the Trapper Zone following the completion of the 2025 Phase of the Mineral Resource Estimate drill program, indicating significant mineralization potential [1][3] Assay Highlights - The initial results from the first two drill holes (R-0008 and R-0009) show substantial intercepts of semi-massive and massive oxide, marking the best results on the Radar property to date [3][6] - Hole R-0008 yielded 269.36 m with 36.21% Fe₂O₃, 6.57% TiO₂, and 0.244% V₂O₅, while Hole R-0009 produced 296.47 m with 39.75% Fe₂O₃, 7.46% TiO₂, and 0.25% V₂O₅ [6][12] Comparative Analysis - The assay results from the Trapper Zone show a significant increase in oxide concentrations compared to the Hawkeye Zone, with Fe₂O₃ increasing by 124%, TiO₂ by 105.90%, and V₂O₅ by 36.90% [6][11] - The best full hole metrics for Trapper Zone are 39.75% Fe₂O₃, 7.46% TiO₂, and 0.250% V₂O₅, compared to Hawkeye's best of 17.75% Fe₂O₃, 3.62% TiO₂, and 0.183% V₂O₅ [7][11] Geological Context - The drilling targeted a strong magnetic anomaly identified in the 2025 ground geophysical survey, which traces the shape of an apparent fold structure [12][15] - The Trapper Zone is part of the Radar Property, which spans 24,175 hectares and hosts the Dykes River intrusive complex, indicating a unique geological position among Western explorers [16][22] Future Plans - The company anticipates receiving the next set of assay results by mid-January, with plans to initiate the 2026 phase of the MRE drill program at the Trapper Zone [12][13]
SAGA Metals Reports Best Drill Results To-Date at Radar Ti-V-Fe Project in Labrador
Globenewswire· 2026-01-02 22:00
Core Insights - SAGA Metals Corp. has reported the first assay results from the Trapper Zone following the completion of the 2025 Phase of the Mineral Resource Estimate drill program, indicating significant mineralization potential [1][3]. Assay Highlights - The initial results from two drill holes (R-0008 and R-0009) show high grades of iron (Fe₂O₃), titanium (TiO₂), and vanadium (V₂O₅), with R-0008 yielding 36.21% Fe₂O₃, 6.57% TiO₂, and 0.244% V₂O₅ over 269.36 meters, while R-0009 yielded 39.75% Fe₂O₃, 7.46% TiO₂, and 0.25% V₂O₅ over 296.47 meters [6][11]. - Notably, 193 out of 418 samples graded over 7% TiO₂, with 97 samples exceeding 10% TiO₂, and 241 samples graded over 0.2% V₂O₅, with 128 samples over 0.3% V₂O₅ [6][9]. Comparative Analysis - The assay results from the Trapper Zone show a significant increase compared to the Hawkeye Zone, with Fe₂O₃ increasing by 124%, TiO₂ by 105.90%, and V₂O₅ by 36.90% [7][11]. - The best full hole metrics from Trapper Zone (R-0009) are substantially higher than those from the Hawkeye Zone, establishing a clear step-change in iron and titanium grades [7][11]. Geological Context - The drilling targeted a strong magnetic anomaly identified in the 2025 ground geophysical survey, which traces the shape of an apparent fold structure, indicating a promising geological setting for mineralization [14][19]. - The Radar Property, encompassing 24,175 hectares, hosts the Dykes River intrusive complex, with confirmed oxide layering across more than 20 km of strike length, suggesting potential for further mineralization expansion [19][25]. Future Plans - The company anticipates receiving additional assay results by mid-January, with plans to initiate the 2026 phase of the MRE drill program at the Trapper Zone shortly thereafter [14][15].