Sagaliam Acquisition (SAGA)

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SAGA Metals Completes Petrographic Analysis at Drill Ready Double Mer Uranium Project in Labrador, Canada
GlobeNewswire· 2025-01-20 07:00
Core Viewpoint - SAGA Metals Corp. has confirmed the presence of uraninite in the pegmatites at the Double Mer Uranium project, indicating significant uranium potential along an 18km trend in Labrador, Canada [1][3][15]. Company Overview - SAGA Metals Corp. is focused on critical mineral exploration, with its flagship asset being the Double Mer Uranium Project, which spans 25,600 hectares and includes 1,024 claims [2][16]. - The company also holds the Legacy Lithium Property in Quebec and secondary exploration assets in Labrador for titanium, vanadium, and iron ore [17][18]. Project Details - The Double Mer Uranium Project is located approximately 90km northeast of Happy Valley-Goose Bay and is part of the Central Mineral Belt, which includes other significant uranium projects [2][3]. - The project features an 18km radiometrically anomalous pegmatite domain, with surface samples showing uranium concentrations as high as 4,281ppm U3O8 and spectrometer readings of 22,000cps [16]. Exploration and Drilling Plans - A drilling program of 1,500 to 2,500 meters is scheduled to commence in Q1 2025, focusing on the Luivik zone, which has shown promising uranium geochemistry [4][5]. - The Luivik zone has a width of 300 meters and has recorded anomalous grades over 0.11% U3O8, with a peak sample of 0.3692% U3O8 [6][7]. Petrographic Analysis - Recent petrographic and petrologic analyses indicate that the pegmatites in the Luivik zone are genetically related and exhibit characteristics conducive to uranium mineralization [5][12]. - The analysis has identified two subgroups of pegmatites, with one subgroup containing uraninite crystals and the other associated with rare earth elements [10][11]. Strategic Importance - The findings from the Double Mer Uranium Project position SAGA Metals to play a crucial role in the transition to green energy, as uranium is a key component in nuclear energy production [16][18].
SAGA Metals Provides In-Depth Summary of Radar Titanium-Vanadium Project on Eve of Drilling
GlobeNewswire· 2025-01-16 07:00
Core Insights - SAGA Metals Corp. is set to commence its maiden drill program at the Radar Titanium-Vanadium Project in Labrador, Canada, with equipment and personnel arriving shortly [1][30] - The Radar Ti-V Project covers 17,250 hectares and is strategically located 10km south of Cartwright, benefiting from road access for efficient exploration [2] - The Hawkeye zone is identified as the most prospective target, with significant geological features suggesting a layered mafic intrusion [3][12] Project Overview - The Radar Ti-V Project is focused on critical minerals, specifically titanium and vanadium, which are essential for various industrial applications [1][33] - The project aims to complete a 1,500m drill program at the Hawkeye zone, targeting areas with anomalous TiO2 and V2O5 surface samples [4][8] Geological Findings - Surface assay highlights include 49 titanium dioxide (TiO2) samples exceeding 4.0%, with a peak value of 11.1%, and 36 vanadium pentoxide (V2O5) samples exceeding 0.2%, with a high of 0.63% [6] - The Hawkeye zone has been confirmed to contain high-grade mineralization, with grades ranging from 2.5% to 11.1% TiO2 and 0.2% to 0.66% V2O5 [13] - Geophysical surveys indicate a mineralized strike length of approximately 4km, with potential connections to a transitional zone, increasing the total strike to about 9.5km [7][24] Exploration Techniques - Detailed magnetic and electromagnetic surveys have been conducted, providing high-resolution data that effectively maps magnetite-rich zones indicative of titanium and vanadium mineralization [10][11] - Recent petrographic analysis has revealed multiple compositions of magnetite, supporting the hypothesis of multiphase mineralization events [19][20] Comparative Analysis - The Radar Project is situated in the Grenville Geological Province, known for significant deposits of iron, titanium, and vanadium, with comparisons drawn to North America's largest titanium-vanadium project at Lac Tio in Quebec [27][28] - Strategic Resources' BlackRock project in Quebec is highlighted as a comparable project, showcasing similar geological characteristics and significant reserves [29]
SAGA Metals Completes Petrographic and Geophysical Analysis at Drill Ready Radar Project in Labrador, Canada
GlobeNewswire· 2025-01-13 07:00
Geophysical and Petrographic Analysis - SAGA Metals Corp completed magnetic inversions of the Hawkeye zone, projecting mineralized magnetic bodies up to 400 meters in depth with high certainty [1] - Petrographic analysis by Dr Al Miller on Hawkeye zone rock samples enhanced understanding of Titanium and Vanadium mineralization, setting the foundation for 2025 drill programs [2] - Detailed magnetic and electromagnetic surveys over the Hawkeye Zone mapped magnetite-rich zones within Gabbro Norite host rock, key indicators of Titanium and Vanadium mineralization [8] - Petrographic evidence revealed multiple compositions of magnetite and the absence of ilmenite in many layers, crucial for understanding Titanium and Vanadium mineralization [10] Project Details and Potential - The Radar Ti-V Property spans 17,250 hectares in Labrador, Canada, with road access supporting efficient exploration and development [6] - The Hawkeye zone is the most prospective target, with geophysics suggesting a complex mafic intrusion potentially 1km wide and 4km long, with multiple parallel systems [7] - Assays from the Hawkeye zone returned consistent values of 2 5 - 11 1% TiO2 and 0 2 - 0 66% V2O5, indicating high-grade Titanium and Vanadium mineralization [20] - The system is open at depth beyond 600 meters, with potential for significant mineralization [20] Market Opportunity and Strategic Positioning - The global Titanium market is projected to grow from 31 billion USD in 2023 to 52 billion USD by 2030 [13] - The Vanadium market was valued at 4 28 billion USD in 2023 and is expected to grow to 4 89 billion USD by 2032, with a CAGR of 4 4% [14] - SAGA Metals Corp is strategically positioned in the green energy transition, focusing on critical minerals like Titanium, Vanadium, and Uranium [15][16][17] Upcoming Drilling Programs - Drilling at the Radar Ti-V Project is scheduled to commence in Q1 2025, with a minimum 1,500-meter program targeting the Hawkeye zone [20] - The Hawkeye zone has clear drill targets based on surface samples and detailed geophysics, with potential for high-grade Titanium and Vanadium mineralization [20] Technical Expertise and Industry Relevance - Dr Al Miller, with over 25 years of experience, conducted petrographic analysis, contributing to the understanding of the Hawkeye zone's mineralization [12] - Vanadium Titanomagnetite (VTM) deposits, similar to those in China, have high potential value, with recent recovery methods achieving up to 80 08% Titanium, 95 07% Iron, and 71 60% Vanadium recovery rates [26][27]
SAGA Metals Begins Mobilization Efforts for Maiden Drill Programs in Labrador, Canada
GlobeNewswire· 2025-01-07 08:00
VANCOUVER, British Columbia, Jan. 07, 2025 (GLOBE NEWSWIRE) -- 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 the start of mobilization efforts for the Company’s maiden drill programs at both of the 100% owned Double Mer Uranium and Radar Titanium-Vanadium (Ti-V) projects. Michael Garagan, CGO & Director of SAGA Metals Corp. comments: “The decision to run back-to-back drill ...
SAGA Metals Provides Corporate Update and 2024 Year in Review
GlobeNewswire· 2025-01-03 14:00
VANCOUVER, British Columbia, Jan. 03, 2025 (GLOBE NEWSWIRE) -- SAGA Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery in North America, is pleased to provide a corporate update and review of key activities and achievements from 2024. Key Corporate Highlights from 2024 SAGA’s IPO: On September 23, 2024, the Company completed its IPO and commenced trading the following day on the TSX Venture Exchange under ...
SAGA Metals Announces Closing of $700,000 Private Placement and Receives Drill Permits for Double Mer Uranium and Radar Titanium-Vanadium Maiden Drill Programs
GlobeNewswire· 2024-12-24 14:00
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSMINATION IN THE UNITED STATES. VANCOUVER, British Columbia, Dec. 24, 2024 (GLOBE NEWSWIRE) -- SAGA Metals Corp. (the “Company” or “SAGA”) (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H), a North American exploration company focused on critical mineral discovery in Canada, is pleased to announce it has closed its previously announced non-brokered private placement (the “Private Placement”) of standard flow-through units (the “Standard FT Units”) and Québec fl ...
SAGA Metals Completes IPO with Focus on Uranium Exploration and Rio Tinto Partnership
GlobeNewswire News Room· 2024-09-25 13:00
VANCOUVER, British Columbia, Sept. 25, 2024 (GLOBE NEWSWIRE) -- SAGA Metals Corp. ("TSXV: SAGA") ("SAGA" or the "Company"), a North American exploration company focused on critical mineral discovery in Canada, is pleased to announce the successful closing of its initial public offering (IPO) and provide updates on its major projects. SAGA shares began trading on the TSX Venture Exchange (TSXV) under the symbol "SAGA" on September 24, 2024. A Strategic Focus on Critical Minerals in North America SAGA is dedi ...
SAGALIUM RESPONDS TO COMPETITOR'S FALSE AND MISLEADING PRESS RELEASE
GlobeNewswire News Room· 2024-07-25 20:46
Forward Looking Statements Barry Kostiner, the CEO of Sagaliam, commented, "Virogentics, Inc. holds the exclusive worldwide license for ITV-1 and is the sole owner of the trade secrets needed to produce the treatment. The statements in the NIKA press release are incorrect and have no foundation in truth. After numerous failed attempts by Mr. Savov to make a claim of ownership to the patents owned by the Zhabilov Trust or any other association with ITV-1, it appears that he has now taken to making unfounded ...
Sagaliam Acquisition (SAGA) - 2023 Q3 - Quarterly Report
2024-03-07 02:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41182 Sagaliam Acquisition Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Em ...
Sagaliam Acquisition (SAGA) - 2023 Q2 - Quarterly Report
2023-12-19 02:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41182 Sagaliam Acquisition Corp. (Exact name of registrant as specified in its charter) | | | (State or other jurisdiction of (I.R.S. E ...