Sagaliam Acquisition (SAGA)

Search documents
SAGA Metals Showcases Radar Project as Potentially Comparable to China’s Panzhihua VTM Deposit
Globenewswire· 2025-07-16 12:30
Core Insights - SAGA Metals Corp. has reported significant advancements in its exploration campaign at the Radar Project in Labrador, Canada, indicating geological similarities to the Panzhihua VTM operation in China, which is responsible for over 40% of global vanadium production [1][2][22]. Exploration Results - The Radar Project features a large oxide layering thickness and a near-monomineralic VTM composition, suggesting its potential to become a globally significant VTM project [2][21]. - The drilling program involved 2,209 meters of drilling and 2,943 assay samples, revealing a highly prospective Lower Cumulate Layer with a vanadium-rich basal layer [4][5][18]. - The mineralogy of the Radar Project is noted to be cleaner and coarser than most VTM deposits, with vanadium content comparable to Panzhihua [3][12]. Geological Context - The Radar Property spans 24,175 hectares and is well-supported by existing infrastructure, including road access and a deep-water port [6][29]. - The Dykes River Intrusive Complex, which the Radar Project encompasses, is recognized for hosting significant titanium-vanadium-iron oxide-bearing deposits [7][21]. Drilling and Assay Data - The Lower Cumulate Layer has been identified with thicknesses ranging from 300 to 400 meters, with the highest V2O5 assays located in the lower 100-200 meters [10][23]. - Significant drill intersections have been recorded, with length-weighted average grades of VTM ranging from 22.95% to 29.59% [13][23]. Future Plans - SAGA Metals plans to conduct further delineation drilling and initiate metallurgical testing in 2025, aiming to establish the Radar Project as a strategic candidate for domestic titanium, vanadium, and pig iron production [27][30]. - The company aims to leverage its proximity to infrastructure and strong mineralogy to enhance its position in the critical minerals market [27][34].
SAGA Metals Confirms Significant Oxide Layering in the Northwest of the 100% owned Radar Titanium Project in Labrador, Canada
Globenewswire· 2025-07-08 13:00
Core Insights - SAGA Metals Corp. has confirmed significant oxide mineralization in the northwest section of its 100% owned Radar Titanium Property, building on historical drilling data from 1996 [1][3][20] Exploration and Geophysical Survey - The northwest zone of the Radar Property has shown promising results from a recent magnetic survey, indicating exceptional oxide layering with magnetic highs up to 55,000 nT [7][11] - Historical drilling in the area revealed high concentrations of iron oxide (Fe2O3) and titanium dioxide (TiO2), with notable samples showing 40.27% Fe2O3 and 7.73% TiO2 [2] - The geophysical results suggest that the oxide layering could extend significantly beyond the current 20 km inferred strike length [3][8] Project Overview - The Radar Property spans 24,175 hectares and is strategically located 10 km from Cartwright, Labrador, benefiting from robust infrastructure including road access and a deep-water port [4][20] - The Dykes River intrusive complex, which the Radar Property encloses, is recognized for its titanium-vanadium-iron rich layers, drawing comparisons to large AMCG-type intrusions [5][20] Drilling and Mineralization - The 2025 winter drill program has confirmed the presence of vanadiferous titanomagnetite with significant grades, including notable intercepts such as 20.2 meters grading 31.35% Fe, 6.32% TiO2, and 0.435% V2O5 [25] - Current drilling has only tested a fraction (1/40th) of the identified oxide layering zone, indicating substantial potential for further exploration [25] Infrastructure and Access - SAGA's ground crews have successfully cleared access trails to enhance logistical efficiency for exploration activities across the property [13][14] - The ongoing road maintenance and access trail construction aim to facilitate direct access to key exploration zones, improving overall exploration capacity [14]
SAGA Metals Appoints Accomplished Mining Executive Peter Hogendoorn to Board of Advisors and Engages Xander Capital Partners
Globenewswire· 2025-06-30 13:00
Core Insights - SAGA Metals Corp. has appointed Peter Hogendoorn to its Board of Advisors, enhancing its strategic vision in critical minerals exploration [1][3] - The company has entered into an investor relations agreement with Xander Capital Partners to improve market awareness and shareholder engagement [4][5] Appointment of Peter Hogendoorn - Peter Hogendoorn brings over 30 years of experience in financing junior mining and technology companies, having founded Wrenswood Capital Corp. [2] - He successfully raised $16 million for the Sage Plains potash discovery well, noted as the richest in history [2] - Currently, he is the CEO of Sage Potash Corp., where he has advanced initial production plans of 150,000 tons per year [2] Strategic Vision and Comments - The CEO of SAGA Metals expressed excitement about Hogendoorn's appointment, highlighting his experience aligns with the company's mission to advance critical mineral projects, particularly the Radar Titanium project in Labrador [3] - Hogendoorn emphasized the opportunity for local job creation and wealth generation through the development of critical minerals, addressing import dependence in Western economies [3] Investor Relations Engagement - The agreement with Xander Capital Partners is for an initial period of 12 months, with the potential for extension [4] - Xander will provide services including brand awareness, introductions to industry partners, and digital marketing, for a monthly fee of USD $10,000 and 700,000 stock options [5][6] - Xander Capital Partners has a strong track record, having worked with public companies and is expected to elevate SAGA's capital markets profile [6] 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 [8][9] - The Radar Titanium Project spans 24,175 hectares and has confirmed a large mineralized layered mafic intrusion with strong titanium and vanadium grades [8] - The company also owns the Legacy Lithium Property in Quebec, expanded through the acquisition of the Amirault Lithium Project, covering a total of 65,849 hectares [10]
SAGA Metals Mobilizes and Commences Summer Work Programs at Recently Drilled 100% Owned Radar Titanium Property in Labrador, Canada & Provides Corporate Update
Globenewswire· 2025-06-26 13:00
Core Viewpoint - SAGA Metals Corp. has commenced its 2025 summer field program at the Radar Titanium Property in Labrador, Canada, focusing on critical mineral exploration, particularly titanium, vanadium, and iron [1][18]. Group 1: Field Program Initiation - Field crews arrived on site on June 17, 2025, and have started ground-based geophysical surveys to identify high-priority drill targets [2]. - The construction of an access trail along the 20 km strike extent of the Dykes River Intrusion oxide layering zone is underway, enhancing logistical efficiency [3][4]. Group 2: Infrastructure Development - The program includes clearing overgrown sections of a historic forestry road to facilitate access for trucks and heavy equipment [4]. - A 6-tonne excavator is currently in use, with a larger 25-tonne unit expected to complete the remaining clearing work and construct a new access trail [4][10]. Group 3: Geophysical Surveys - Targeted VLF-EM and magnetic surveys have defined drill targets for the maiden drill program over the Hawkeye zone, with current efforts focused on the Trapper zone [6]. - The survey employs a 25-meter station spacing along lines separated by 50 meters for detailed mapping of magnetic and conductive features [8]. Group 4: Geological Insights - The Radar Property, covering 24,175 hectares, is strategically located 10 km from Cartwright, Labrador, benefiting from excellent infrastructure [13]. - The Dykes River intrusive complex is noted for its titanium–vanadium–iron rich layers, drawing attention due to geological similarities to large AMCG-type intrusions [14]. Group 5: Drilling Program Highlights - The 2025 winter drill program has confirmed the presence of oxide layering and associated magnetic anomalies to depths of up to 300 meters [18]. - Notable intercepts from the drill program include 20.2 meters grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅ in hole HEZ-07 [18]. Group 6: Research Coverage Engagement - SAGA has engaged Alphabridge Group Inc. for equity research coverage for an initial term of one year, starting June 25, 2025, with a total consideration of $15,000 plus GST [16].
SAGA Metals Engages Paul McGuigan as its Qualified Person to Oversee Advancement of the Radar Ti-V-Fe Project in Labrador & Provides Corporate Update
Globenewswire· 2025-06-04 13:00
Core Viewpoint - SAGA Metals Corp. has appointed Paul McGuigan as the Qualified Person for the exploration and development of the Radar Ti-V-Fe Property in Labrador, leveraging his extensive experience in economic geology and mineral exploration management [1][2][3]. Company Overview - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals that support the global transition to green energy, with key assets including the Double Mer Uranium Project and the Legacy Lithium Property [17][18][19]. - The company’s flagship Double Mer Uranium Project covers 25,600 hectares and features uranium radiometrics with samples as high as 0.428% U3O8 [17]. - The Legacy Lithium Property, developed in partnership with Rio Tinto, covers 65,849 hectares and shares geological continuity with other major players in the region [18]. Appointment of Qualified Person - Paul McGuigan, a Professional Geoscientist with 50 years of international experience, has been appointed as the Qualified Person for the Radar Ti-V-Fe Project [2][3]. - McGuigan has a strong background in economic geology, having led Cambria Geological Inc. for 37 years and worked on various feasibility-level projects [3][4]. Radar Ti-V-Fe Project Details - The Radar Property is 100% owned by SAGA and is located 10 km from Cartwright, Labrador, covering 24,175 hectares and benefiting from significant infrastructure [9]. - The Dykes River intrusive complex, part of the Radar Property, is recognized for its titanium-vanadium-iron rich layers and has geological similarities to large AMCG-type intrusions [10]. 2025 Winter Drill Program Highlights - The 2025 winter drill program has confirmed the presence of vanadiferous titanomagnetite, with notable intercepts including 20.2 meters grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅ [13]. - Drilling has demonstrated oxide layering and associated magnetic anomalies to vertical depths of up to 300 meters, with current drilling testing just 1/40th of the identified 20 km strike extent [20]. Marketing Services Agreement - SAGA has entered into a marketing agreement with Maximus Strategic Consulting Inc. for a four-month period, with a fee of C$150,000 to promote the company and its projects [14][15].
SAGA Metals Reports Significant Final Drill Holes from the 2025 Winter Program at Radar Ti-V-Fe Property in Labrador
Globenewswire· 2025-05-29 06:00
Core Viewpoint - SAGA Metals Corp. has announced successful final drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Property, confirming the potential for significant mineralization in the area [1][2][18]. Drill Results Summary - The final three drill holes (HEZ-06, HEZ-02, HEZ-03) confirmed the presence of a highly mineralized zone with significant intercepts of vanadiferous titanomagnetite [2][9]. - HEZ-06 reported an intercept of 28 meters grading 20.11% Fe, 4.22% TiO₂, and 0.214% V₂O₅, while HEZ-02 and HEZ-03 reported grades of 12.40% Fe and 11.37% Fe respectively [6][15]. - The drilling program has confirmed the existence of oxide layering and associated magnetic anomalies to depths of up to 300 meters, covering only 1/40th of the identified 20 km strike extent of the oxide layering zone [15][18]. Geological Context - The Radar Property, covering 24,175 hectares, is strategically located near Cartwright, Labrador, benefiting from excellent infrastructure [16][21]. - The Dykes River intrusive complex is recognized for its titanium-vanadium-iron rich layers, which are advantageous for simplified metallurgical processing [17][18]. Next Steps - SAGA plans to conduct detailed ground geophysics over the main regional airborne magnetic anomalies and execute a high-resolution aeromagnetic survey to identify high-priority drilling targets [10][11]. - The company has initiated metallurgy and petrography analysis on core samples to assess recoverable vanadiferous magnetite and the quality of potential concentrates [12][18]. Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals, including titanium, vanadium, and iron ore, which are essential for the green energy transition [21][23]. - The company also holds additional exploration assets in Labrador and has a partnership with Rio Tinto for lithium exploration in Quebec [22][23].
SAGA Metals Announces First Tranche Closing
Globenewswire· 2025-05-27 13:00
Core Viewpoint - SAGA Metals Corp. has successfully closed the first tranche of its non-brokered private placement, raising gross proceeds of $1,239,700.10, with plans to close the final tranche by June 25, 2025 [1][2]. Group 1: Financial Details - The first tranche generated $444,200.10 from 1,480,667 flow-through units priced at $0.30 each and $795,500 from 3,182,000 hard dollar units priced at $0.25 each [2]. - The company paid $31,710.01 in finder's fees and issued 108,616 finder's warrants, each allowing the purchase of one common share at $0.50 for 24 months [5]. Group 2: Securities and Use of Proceeds - The flow-through units consist of one common share and one transferable common share purchase warrant, with the warrant exercisable at $0.50 for 24 months [3]. - The gross proceeds from the flow-through units will be allocated to Canadian exploration expenses related to critical mineral mining in Labrador, while the net proceeds from hard dollar units will be used for administrative and general working capital [7]. Group 3: Insider Participation and Regulatory Notes - Certain insiders acquired 442,000 hard dollar units for $110,500, which is classified as a related party transaction exempt from formal valuation and minority shareholder approval [8]. - The securities issued have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without exemptions [9].
SAGA Metals Reports Significant New Drilling Results from Radar Ti-V-Fe Project in Labrador
Globenewswire· 2025-05-26 06:00
Core Insights - SAGA Metals Corp. has announced additional drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project, confirming the presence of a strong magnetic anomaly and extensive mineralization [1][8][12] Drilling Results - Key drill intercepts from holes HEZ-05 and HEZ-07 show high-grade mineralization, with notable samples reporting iron (Fe) grades up to 45.4%, titanium dioxide (TiO₂) up to 9.1%, and vanadium pentoxide (V₂O₅) up to 0.66% [2][3][7] - HEZ-07 reported a 20.2-meter intercept grading 31.35% Fe, 6.32% TiO₂, and 0.435% V₂O₅, while HEZ-05 reported a 25.0-meter intercept grading 19.92% Fe, 4.14% TiO₂, and 0.213% V₂O₅ [12][7] Geological Assessment - The assessment of drill holes HEZ-05 and HEZ-07 confirmed a consistent Ti-V-Fe relationship, with significant titanomagnetite content averaging over 25% in both holes [4][8] - Geological correlations indicate continuity of oxide layering down to a vertical depth of 300 meters, with massive to semi-massive oxide layers identified [5][10] Project Overview - The Radar Property, covering 24,175 hectares, is strategically located near Cartwright, Labrador, benefiting from excellent infrastructure [16][24] - The Dykes River intrusive complex has gained attention due to its extensive Ti-V-Fe rich layers, with a 20 km long exploration target identified [17][18] Future Exploration Plans - Following the successful results, SAGA Metals plans to expand exploration systematically, utilizing magnetic surveys and targeted drilling to further assess the 20 km strike extent of the oxide layering zone [14][15]
SAGA Metals Appoints Vernon Shein, Former Exploration Manager at B2Gold, to its Board of Advisors
Globenewswire· 2025-05-15 06:00
Company Overview - SAGA Metals Corp. is a North American exploration company focused on discovering critical minerals that support the global transition to green energy [5] - The company's flagship asset is the Double Mer Uranium Project in Labrador, Canada, covering 25,600 hectares with significant uranium radiometrics [5] - SAGA also owns the Legacy Lithium Property in Quebec, developed in partnership with Rio Tinto, covering 65,849 hectares [6] - Additional exploration assets are located in Labrador, targeting titanium, vanadium, and iron ore [7] Key Appointment - Vernon Shein has been appointed to SAGA's board of advisors, bringing 39 years of exploration industry experience [2] - Shein previously served as Exploration Manager for Bema Gold Corp. and B2Gold, overseeing projects from exploration to production [2][3] - His notable projects include the Kupol Mine in Russia, Jabali Mine in Nicaragua, and the Montana open pit at the Masbate Mine in the Philippines [3] Strategic Focus - The initial focus for SAGA will be on the Radar Ti-V-Fe project near Cartwright, Labrador, which has shown exceptional results from its maiden drill program [4] - The company aims to fast track the Radar project towards advanced development, leveraging Shein's expertise [4] - Shein expressed enthusiasm for SAGA's diversified exploration programs targeting critical minerals essential for the green energy transition [4]
SAGA Metals Extends Claims at the Radar Ti-V-Fe Project --Securing the Entire Titanomagnetite-Bearing Intrusion
Globenewswire· 2025-05-08 06:00
Core Insights - SAGA Metals Corp. has expanded its Radar Ti-V-Fe Project by adding 97 new claims, increasing the total area to 24,175 hectares [1][2] - The Radar Property is strategically located near Cartwright, Labrador, providing significant infrastructure advantages [2][7] - Recent drilling results confirm the presence of massive to semi-massive oxide layering with vanadiferous titanomagnetite (VTM) mineralization, indicating potential for simplified metallurgical processing [10][13] Company Overview - SAGA Metals Corp. is focused on the exploration and discovery of critical minerals essential for the green energy transition [16][18] - The company also holds the Double Mer Uranium Project and the Legacy Lithium Property, expanding its portfolio in critical mineral exploration [16][17] Project Details - The Radar Property now fully encompasses the Dykes River intrusive complex, which has geological similarities to large AMCG-type intrusions [2] - Airborne magnetic surveys have identified a 20-kilometer exploration target within the mafic oxide layer [3][12] - The drilling program has confirmed significant widths of VTM mineralization, with notable intercepts including 31.5m at 25.95% Fe, 5.34% TiO2, and 0.28% V2O5 [13] Infrastructure and Location - The Radar Property benefits from excellent infrastructure, including road access, a deep-water port, and proximity to hydroelectric power [7][2] - The location's advantages are expected to facilitate further exploration and development of the project [4] Future Plans - Following the success of the initial drilling program, SAGA plans to extend its exploration efforts across five priority targets along the 20 km strike length of the oxide layer [14]