Sagaliam Acquisition (SAGA)

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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]
SAGA Metals Reports Significant Drill Results from Maiden Drill Program at Radar Ti-V-Fe Project in Labrador
Globenewswire· 2025-05-05 06:00
Core Insights - SAGA Metals Corp. has announced promising drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project in Labrador, Canada, indicating significant mineralization potential [1][10][12] Exploration and Drilling Details - The initial drill program consisted of 7 holes totaling 2,200 meters, targeting a magnetic anomaly identified in previous surveys, with drilling reaching depths of 200 meters [2][11] - The drilling confirmed the presence of a titanomagnetite mineralization system, which is advantageous for simplified metallurgical processing [10][12] Key Drill Results - Significant intercepts from the first two holes include: - HEZ-01: 31.5 meters grading 25.95% Fe, 5.34% TiO₂, and 0.28% V₂O₅ [6][7] - HEZ-04: 50 meters grading 24.49% Fe, 4.74% TiO₂, and 0.305% V₂O₅ [6][7] - High-grade samples from HEZ-01 and HEZ-04 showed exceptional grades, with some samples exceeding 60% titanomagnetite content [10][12] Geological Context and Future Plans - The Radar Property encompasses a 20 km long oxide layering zone, with the current drilling covering only 1/40th of this area [11][16] - The company plans to expand exploration systematically, utilizing magnetic surveys followed by targeted drilling to identify the most prospective targets [11][13] Company Overview - SAGA Metals Corp. is focused on the exploration of critical minerals, including titanium, vanadium, and iron ore, which are essential for the green energy transition [20][22] - The company also holds other significant projects, including the Double Mer Uranium Project and the Legacy Lithium Property, positioning it strategically in the mining sector [20][21]
SAGA Metals Announces Non-Brokered Private Placement and Provides Corporate Update
Globenewswire· 2025-05-02 13:00
Financing Overview - SAGA Metals Corp. plans to complete a non-brokered private placement financing for total gross proceeds of C$2,500,000, consisting of 2,500,000 flow-through common share units at C$0.30 per unit and 7,000,000 hard dollar common share units at C$0.25 per unit [1][2] - The flow-through units will include one flow-through common share and one transferable common share purchase warrant, allowing the purchase of one common share at C$0.50 for 24 months from the closing date [2][3] - The hard dollar units will consist of one common share and one warrant with the same purchase terms as the flow-through units [3] Use of Proceeds - Proceeds from the flow-through units will be allocated to Canadian exploration expenses related to critical mineral mining expenditures on the company's properties in Labrador, particularly the Double Mer Uranium Project [6] - Net proceeds from the hard dollar units will be used for administrative and general working capital [6] Marketing and Consulting Agreements - The company has entered into a digital marketing services agreement with Machai Capital Inc. for a fee of C$200,000 over a 60-day term to enhance investor awareness and communication [9][11] - A consulting agreement with Simone Capital Corp. has also been established, providing various marketing services for a fee of C$10,000 per month over a 180-day term [13][14] Company Overview - SAGA Metals Corp. focuses on the exploration and discovery of critical minerals, with its flagship asset being the Double Mer Uranium Project in Labrador, covering 25,600 hectares [17] - The company also owns the Legacy Lithium Property in Quebec and has expanded its holdings through the Amirault Lithium Project, covering a total of 65,849 hectares [18] - Additional exploration assets in Labrador target titanium, vanadium, and iron ore, positioning the company strategically in the green energy transition [19]
SAGA Metals Completes Maiden Drill Program and Commences Further Geophysics at the Radar Project
Globenewswire· 2025-04-16 13:00
Core Insights - SAGA Metals Corp. has completed its maiden drill program at the Radar Titanium-Vanadium project, with the final batch of core samples shipped for analysis [1][3] - The Town of Cartwright has expressed strong local support for the Radar Project, indicating community alignment with SAGA's exploration efforts [2] - The drill program confirmed a large mineralized layered mafic intrusion, with indications of original magmatic textures from over 1 billion years ago, highlighting the region's potential for critical metals [4] Drill Program Details - The initial drill program was planned for 1,500 meters but was expanded to 2,200 meters due to strong early results [3] - Key findings include 130-200 meters of intermittent magnetite layering and a consistent correlation between geophysical anomalies and mineralized zones [5][6] - Drill holes R25-HEZ-01 and R25-HEZ-04 were prioritized for analysis due to their strategic location [6] Future Exploration Plans - Following the success of the maiden drill program, SAGA has initiated a detailed magnetic and electromagnetic survey at the Trapper Zone to identify further drill targets [9][10] - The survey aims to develop a magnetic inversion model to delineate follow-up drill targets along a 20km oxide layer zone [9] - The geophysical work has been recognized as a guiding force for the company's exploration strategy, with plans to confirm the extent of the oxide layer through further drilling [12] Company Overview - SAGA Metals Corp. focuses on the exploration of critical minerals essential for the global transition to green energy, with significant assets in uranium and lithium [13][14][15] - The company holds the Double Mer Uranium Project in Labrador and the Legacy Lithium Property in Quebec, covering a total of 91,449 hectares [13][14]