VANCOUVER, British Columbia, Nov. 18, 2025 (GLOBE NEWSWIRE) -- SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company advancing critical mineral discoveries, is pleased to announce the completion of the first hole (R-0008) of the 2025-2026 drill program at the high-priority Trapper Zone on its 100%-owned Radar Titanium-Vanadium-Iron ("Ti-V-Fe") Project located near Cartwright, Labrador. Highlights Extensive semi-massive to massive oxide layer ...

Core Viewpoint - SAGA Metals Corp. has announced a private placement offering to raise between C$3,000,000 and C$5,000,000 to fund exploration activities and general corporate purposes, particularly focusing on its properties in Labrador, Canada [1][4]. Group 1: Offering Details - The private placement will consist of Units, Flow-Through Units (FT Units), and Charity FT Units, with each Unit priced at C$0.44, FT Units at C$0.50, and Charity FT Units at C$0.66 [8]. - Each Unit will include one common share and one warrant, while FT Units and Charity FT Units will consist of a flow-through share and one warrant [2][3]. - The offering is expected to close on December 5, 2025, subject to regulatory approvals [9]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration of the Company's properties in Labrador, including the Radar Project, and for working capital [4]. - Gross proceeds from the sale of FT Shares will be used for eligible Canadian exploration expenses related to critical mineral mining [5]. Group 3: Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals essential for North America's supply security [11]. - The company’s Radar Titanium Project spans 24,175 hectares and has confirmed significant mineralization, while the Double Mer Uranium Project covers 25,600 hectares with notable uranium samples [11][12]. - SAGA also owns the Legacy Lithium Property in Quebec, developed in partnership with Rio Tinto, covering 65,849 hectares [12][13].

Core Insights - SAGA Metals Corp. has initiated Phase 1 diamond drilling at the Trapper Zone of its Radar Titanium-Vanadium-Iron Project, aiming to advance towards a maiden indicated Mineral Resource Estimate [1][4][16] Drilling Program Overview - The Phase 1 program will involve up to 15,000 meters of diamond drilling across approximately 25-30 holes, with an average depth of 250-300 meters, targeting the main oxide layer along a 3.3 km magnetic anomaly [4][10] - The drilling will be conducted by Gladiator Drilling Inc., the same contractor that successfully executed the previous drilling program at the Hawkeye Zone [4][10] - Initial drilling will focus on both North and South sections of the Trapper Zone to assess grade, width, and structural continuity, with results expected to inform a maiden MRE anticipated in H2 2026 [4][10][17] Geological and Mineralization Insights - The Trapper Zone is characterized by vanadiferous titanomagnetite (VTM) mineralization, which is comparable to major global deposits such as Panzhihua in China and Bushveld in South Africa [15] - Geological mapping and geophysical surveys have confirmed oxide layering across more than 20 km of strike length, indicating significant mineralization potential [14][15] Strategic Importance - The project is positioned to become a strategic supplier of critical minerals, including titanium, vanadium, and iron, to North American markets amid rising demand driven by green energy transitions [16][22] - The systematic approach to drilling and resource definition aims to de-risk the project and facilitate potential partnerships in the mining sector [16]

Core Insights - SAGA Metals Corp. is strategically positioned to benefit from the growing demand in the uranium sector driven by global nuclear commitments and AI infrastructure needs [1][12][14] Company Overview - SAGA Metals Corp. is a North American exploration company focused on critical mineral discoveries, particularly in uranium [1][21] - The company owns the Double Mer Uranium Project in Labrador, Canada, which spans 25,600 hectares and is drill-ready [2][9] Double Mer Uranium Project - The Double Mer Uranium Project is located 90 km northeast of Happy Valley-Goose Bay and is near significant uranium discoveries [2][22] - The project features an 18-kilometer uranium-rich trend with identified high-potential zones for drilling: Luivik, Nanuk, and Katjuk [5][9] - Recent exploration confirmed uranium oxide (U3O8) concentrations as high as 0.428% and radiometric peaks up to 27,000 CPS [5][12] Market Dynamics - The uranium market is experiencing a renaissance, with a notable $80 billion partnership between Cameco Corporation, Brookfield Renewable Partners, and the U.S. government to deploy nuclear reactors [13] - Global reactor demand is projected at 180 million pounds U3O8, consistently outpacing primary production, leading to a structural deficit [14] - The World Nuclear Association forecasts a 25-28% increase in uranium demand by 2030, driven by over 60 new reactors under construction [14] Demand Drivers - The AI revolution is expected to double electricity consumption from data centers by 2030, increasing reliance on nuclear power for its reliability and low-carbon profile [15] - Major tech firms are investing in nuclear energy to support their operations, highlighting the growing intersection between technology and energy needs [15] Government Initiatives - The U.S. government is taking steps to secure domestic uranium supply, including executive orders to expand uranium mining and processing [16] - The Uranium for Energy Independence Act of 2025 incentivizes U.S.-sourced uranium purchases, further supporting domestic projects like SAGA's [16]

Core Insights - The Wingfeather Saga Season 3: The Ice Prairies is set to premiere on November 12, 2025, exclusively on Angel platforms, expanding the series' reach and audience engagement [1][8] - The series has successfully raised over $7 million through crowdfunding, making it one of the largest crowdfunded family animated series ever produced [6] - The cast for Season 3 includes notable actors such as David Oyelowo and Tantoo Cardinal, enhancing the series' appeal with their performances [2][3] Company Overview - Angel (NYSE: ANGX) is a media and technology company with 1.5 million grassroots Angel Guild members who influence programming decisions, acting as virtual co-producers [9][10] - The company has released over 40 films and 20 television series, including the successful "Sound of Freedom," which grossed over $250 million globally [10] - Angel's focus on values-based storytelling resonates with its audience, driving engagement and viewership across its platforms [9][10] Industry Context - The Wingfeather Saga is based on Andrew Peterson's bestselling fantasy novels, blending cinematic animation with themes of family and courage, appealing to a broad audience [6][11] - The upcoming release of The Wingfeather Saga: The Journey Begins offers a reimagined experience of the first two seasons, catering to both existing fans and new viewers [7][8] - The animation studio Shining Isle Productions utilizes advanced technology, including Unreal Engine, to enhance the production quality of the series [11]

Core Insights - SAGA Metals Corp. is advancing its Radar Project with preparations for Phase 1 of the 2025–2026 drill program at the Trapper Zone, aiming for a maiden Mineral Resource Estimate [1][15][19] Drilling Program Preparation - Drill crews are set to mobilize in early November for a 15,000 m diamond drilling program targeting a 3 km strike length and oxide layering to depths of approximately 200 meters [3][5][6] - The initial drilling will consist of 1,500-2,500 m across 6-10 holes, each around 250 m deep, with continuous core logging and assay results throughout the program [6][9] Metallurgical Testing - SAGA has commissioned Impact Global Solutions Inc. to conduct metallurgical tests on diamond drill core and surface samples, focusing on the correlation between various assays and yields from vanadiferous titanomagnetite [7][8] - Preliminary tests will assess the quality and yields of potential VTM concentrates from different intrusive layers [8][12] Project Outlook - The Radar Property spans 24,175 hectares and hosts the Dykes River intrusive complex, with geological mapping confirming oxide layering over more than 20 km [10][11] - 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 [11][19] Financial and Strategic Position - The company recently completed a fully subscribed financing of approximately $3 million, enhancing its capacity for the drilling program and resource estimation efforts [16][19] - The successful drilling at the Hawkeye Zone in early 2025 has confirmed broad zones of titano-magnetite-rich oxide layering, supporting ongoing exploration momentum [17][19]

Core Viewpoint - SAGA Metals Corp. has successfully closed a non-brokered private placement, raising gross proceeds of C$2,988,024.64 to support its exploration activities in critical minerals [1][2]. Financing Overview - The offering included the issuance of 7,100,088 flow-through common share units (FT Units) at C$0.28 each, generating C$1,988,024.64, and 4,000,000 hard dollar common share units (HD Units) at C$0.25 each, raising C$1,000,000 [2]. - Each FT Unit consists of one flow-through common share and one-half of a transferable common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.50 until October 10, 2027 [3]. - Each HD Unit consists of one common share and one-half of a warrant, with similar terms for the warrant [4]. Warrant Details - The company has the right to accelerate the expiry date of the warrants if the closing price of its common shares reaches or exceeds C$0.75 for ten consecutive trading days after the closing date [5]. - All securities issued are subject to a hold period of four months and one day, expiring on February 11, 2026 [6]. Finder's Fees - The company paid cash finder's fees totaling C$130,003 and issued 478,204 finder's warrants, each allowing the purchase of one common share at C$0.50 for 24 months from the closing date [7]. Use of Proceeds - Proceeds from the FT Units will be allocated to Canadian exploration expenses related to critical mineral mining, while net proceeds from the HD Units will be used for administrative and general working capital, including investor relations activities [8]. Marketing Agreements - The company has entered into a digital marketing services agreement with Capitaliz for a three-month term, aimed at enhancing investor awareness and communication [11]. - Capitaliz will provide services including multimedia content creation, targeted traffic generation, and strategic social media amplification for a fee of C$200,000 [13]. - Additionally, an online marketing agreement with i2i Marketing Group has been established, with an initial budget of US$250,000 for corporate marketing and investor awareness services [15]. Company Overview - SAGA Metals Corp. focuses on the exploration of critical minerals essential for the transition to green energy, with significant projects including the Radar Titanium Project and the Double Mer Uranium Project in Labrador, and the Legacy Lithium Property in Quebec [18][19][20]. - The company is strategically positioned to contribute to the clean energy future through its diversified mineral portfolio [21].

Core Viewpoint - SAGA Metals Corp. is initiating a non-brokered private placement financing to raise up to C$2,988,000, aimed at advancing exploration activities at its Radar Ti-V-Fe Project in Labrador, Canada, which is critical for the global energy transition [1][9]. Financing Overview - The financing consists of two components: 7,100,000 flow-through common share units (FT Units) priced at C$0.28 each, expected to generate C$1,988,000, and 4,000,000 hard dollar common share units (HD Units) priced at C$0.25 each, expected to generate C$1,000,000 [1][2]. - Each FT Unit includes one flow-through common share and one transferable common share purchase warrant, allowing the purchase of one-half of a common share at C$0.50 for 24 months [2]. - Each HD Unit consists of one common share and one-half of a warrant, with similar terms for the warrant [3]. Use of Proceeds - Proceeds from the FT Units will be allocated to Canadian exploration expenses related to critical mineral mining on the company's properties, while net proceeds from the HD Units will support administrative and general working capital, including investor relations activities [6]. Project Development - SAGA's field team is preparing for a 15,000-meter drill program at the Radar Ti-V-Fe Project, focusing on the Trapper Zone, which has a 3+ km strike length of oxide mineralization [9][10]. - The preparation phase includes trench mapping, surveying, and establishing camp infrastructure to optimize drilling execution [9][10][13]. - The Radar Property benefits from excellent infrastructure, including all-season road access and proximity to a deep-water port, covering 24,175 hectares [14][27]. Geological Insights - The Radar Project is located in a significant titanium–vanadium–iron resource province, with geological features comparable to major global deposits [15]. - Early geological mapping has identified oxide layering over more than 20 km, with mineralized zones open for expansion [16]. Previous Drilling Results - SAGA's maiden drill program in early 2025 confirmed broad zones of titanomagnetite-rich oxide layering, with promising grades of titanium dioxide, vanadium pentoxide, and iron [18]. - The highest vanadium pentoxide assays were found in the lower 100-200 meters of the Lower Cumulate Layer, indicating a strong potential for further exploration [18].

Core Insights - SAGA Metals Corp. is mobilizing crews for a significant drill program at its Radar Titanium-Vanadium-Iron Project in Labrador, Canada, aiming to expand known mineralization and complete a maiden mineral resource estimate [2][6][7] Group 1: Drill Program Preparation - A 15,000-meter drill program is set to commence in early November 2025, focusing on the Trapper Zone's 3+ km strike [8][7] - Field preparations include enhanced trench analysis, surveying, and establishing full camp infrastructure to optimize drill execution [3][4][5] Group 2: Geological and Geophysical Work - Additional trenching and geological mapping are being conducted to refine 3D geological models and confirm continuity of vanadiferous titanomagnetite (VTM) mineralization [3] - A comprehensive surveying program is in place to support drill collar placement and ensure spatial accuracy, utilizing high-precision GPS and laser scanning technology [4] Group 3: Infrastructure Development - SAGA has secured land for a fully serviced exploration camp near Cartwright, Labrador, which will support the upcoming drill program with necessary utilities and accommodations [5] - The Radar Property benefits from exceptional infrastructure, including all-season road access, a nearby deep-water port, and hydroelectric power [9] Group 4: Strategic Importance of the Project - The Grenville-age mafic layered intrusions in Québec and Labrador represent a significant but underdeveloped resource province for titanium, vanadium, and iron, with potential comparable to major global deposits [10] - The Radar Project's Dykes River intrusive complex is strategically positioned to meet growing North American demand for critical minerals essential for the energy transition [10][23]

Core Insights - SAGA Metals Corp. has made significant advancements in its 2025 program, including a detailed mineralogical and geological study and progress in on-site exploration at the Radar Titanium-Vanadium-Iron Project, indicating its potential as a strategic critical metals project in North America [1][2][3] Company Developments - The Radar Property spans 24,175 hectares and includes the Dykes River intrusive complex, which is approximately 160 km² in size, with excellent infrastructure such as all-season road access and a nearby deep-water port [2][28] - A detailed study by Dr. Al Miller confirmed the presence of thick titanomagnetite-rich oxide layers containing titanium dioxide (TiO₂), vanadium pentoxide (V₂O₅), and iron (Fe) [7][17] - The 2025 drill program included seven diamond drill holes totaling approximately 2,200 meters, confirming the mineralization of the Lower Cumulate Layer [7][10] Geological Insights - The Grenville-age mafic layered intrusions in Québec and Labrador represent an underdeveloped resource province for titanium, vanadium, and iron, comparable to major global deposits [3] - Geological mapping and surveys have identified oxide layering across more than 20 km of strike length, with mineralized zones open for expansion [4][20] - The Lower Cumulate Layer has been identified as promising, with significant thickness and high-grade intervals of vanadiferous titanomagnetite [12][16] Drilling Results - Key drilling results include: - HEZ-07: 20.2 meters grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅ - HEZ-01: 31.5 meters grading 25.95% Fe, 5.34% TiO₂, and 0.28% V₂O₅ - HEZ-04: 50 meters grading 24.49% Fe, 4.74% TiO₂, and 0.305% V₂O₅ [11][12] - The average vanadiferous titanomagnetite (VTM) grades from the drill holes range from 20% to 35%, indicating economic potential [16] Metallurgical Insights - Dr. Miller's report provides insights into the mineralization of the targeted oxide layers, which will inform metallurgical testing at IGS Laboratories [17] - The presence of vanadium in solid solution within magnetite-titanomagnetite presents an opportunity for recovery alongside titanium [18] Future Plans - SAGA plans to conduct a follow-up drill program of 10,000–15,000 meters focused on the Trapper Zone, alongside expanded metallurgical testing [22] - The company aims to leverage its robust infrastructure and significant mineralization to position the Radar Project as a major titanium-vanadium deposit in North America [22][23]